By City Reporter Updated: 09:20 BST, 10 October 2024 Germany looks set for a two-year recession as it cements its status as the ‘sick man of Europe’. As the country’s economy minister admitted ‘the situation is not satisfactory’, his department expects output to shrink 0.2 per cent in 2024, having previously pencilled in growth of…
Joe Biden vented his anger at Benjamin Netanyahu in a series of profanity-laden rants, accusing the Israeli prime minister of ‘regularly lying to him’ during the war in Gaza, according to a bombshell new book. The US President labelled Netanyahu a ‘bad f***ing guy’ and ‘son of a bi**h’ in conversations with his associates, journalist Bob Woodward writes…
Rio Tinto said it intends to purchase Arcadium Lithium for $5.85 per share Arcadium Lithium was formed in January from the merger of Allkem and Livent By Harry Wise Updated: 16:30 BST, 9 October 2024 Rio Tinto has agreed to acquire Arcadium Lithium in a $6.7billion (£5.1billion) deal, which is set to make the FTSE…
By This Is Money Updated: 13:56 BST, 9 October 2024 London-listed packaging giant Mondi is set to expand in Western Europe after striking a €634million deal with Schumacher Packaging. It follows Mondi’s abandoned takeover bid for London-listed rival DS Smith, which is set to be acquired instead by American rival International Paper. Mondi told investors…
By Emily Hawkins Updated: 22:06 BST, 8 October 2024 TV star Shaughna Phillips, Shein’s UK sales hit £1.55bn compared to £1.12bn over a 16-month period the year before Sales at Shein’s UK arm topped £1.5billion last year ahead of what looks set to be a controversial stock market listing in London. The Chinese online giant’s meteoric…
Hezbollah’s acting leader has issued a chilling threat to Israel in his latest television statement, as conflict between the IDF and the terror group gets more and more bitter. Acting leader Sheikh Naim Kassem, assigned to the post following the IDF’s assassination of Hassan Nasrallah in an airstrike on September 27, said in a defiant…
By This Is Money Updated: 10:09 BST, 8 October 2024 Retail sales increased by 2 per cent year-on-year in the UK last month, according to the British Retail Consortium, as the cold and wet weather encouraged consumers to purchase warm clothing. Among the companies with reports and trading updates today are Imperial Brands, Vodafone, Vistry…
Vladimir Putin has totally demolished one of his main palaces amid claims he is now scared to spend time at his favourite Black Sea boltholes that sit within range of Ukraine‘s kamikaze drones. The Russian President, who turns 72 today, is ‘truly afraid’ of being killed by an unmanned projectile piloted by Kyiv, a new…
By Jeff Prestridge Updated: 16:39 BST, 7 October 2024 Edentree is an asset manager which specialises in responsible and sustainable investing. There are no gimmicks or whiffs of greenwashing – those investment funds that are labelled green yet are anything but when their holdings are scrutinised. The investment business, which started life as Ecclesiastical Investment…
Vladimir Putin should obliterate ‘damned’ Britain by sinking it under the sea, demanded former Russian president Dmitry Medvedev. The threat came as the Kremlin staged strategic missile drills with its nuclear-capable Yars rockets in Siberia marking the dictator’s 72nd birthday amid high tension with the West. Giant mobile launchers were driven on remote routes in…
