Wowcher, the online retail stedwardcorona and experiences platform, has been warned it could face court action unless it changes customer sales practices. The Competition and Markets Authority (CMA) launched a review of…
UK wage growth edges back to 7.7% adding to inflation woes
Wages continued to longislandexterminatingco grow at one of the fastest paces on record in the three months to September, underlining that inflation in the UK will take time to return to the…
Digital bank Monzo in talks to sell new £300m stake
Monzo is in talks about slot a £300m-plus fundraising that would underpin its status as the most highly valued digital bank in Britain. It is understood that Monzo, which was founded in…
US braces for supply chain disruption following Baltimore bridge collapse
The closure of the Port of Baltimore following the catastrophic collapse of the Francis Scott Key Bridge has prompted concerns about significant disruptions to supply chains in the United States. Transportation Secretary…
SMEs Brace! Brace! for rest of 2024 amid weak growth and policy uncertainty
SMEs across the UK are bracing themselves for a challenging rest of 2024, according to the latest Prism Research SME Barometer. The survey of over 500 SME leaders found that more than…
Secondhand clothing sales set to be 10% of global fashion market in 2025
Secondhand clothing sales are projected to represent 10% of the global fashion market by next year, as consumers increasingly turn to “pre-loved” garments amidst the cost of living crisis and sustainability concerns….
Amazon increases AI startup Anthropic investment with additional $2.75bn funding
Amazon announced on Wednesday that it will be increasing its investment in Anthropic, an artificial intelligence startup based in San Francisco, by an additional $2.75 billion. This brings Amazon’s total investment in…
British carmakers report rising production six months in a row
British car factories have defied the global trend by reporting a sixth consecutive month of rising production. According to the Society of Motor Manufacturers and Traders (SMMT), UK car manufacturing increased by…
Asos, Boohoo and George promise to be ‘clear and accurate’ over eco-claims
Three major budget fashion brands in the UK, ASOS, Boohoo, and George at Asda, have committed to changing the way they communicate the environmental impact of their clothing following intervention by the…