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Adidas looks for new boss as CEO prepares to step down next year

Digital Desk -
Adidas’ chief executive officer Kasper Rorsted will step down next year, the sports apparel maker said. The company has started looking for a successor. Mr Rorsted,...
BUSINESS

Fuel price dips below four dollars in US for first time in five months

Digital Desk -
Fuel prices in the US dipped to just under the four dollar mark for the first time in more than five months. AAA said the...
ECONOMY

Hungary fines Ryanair for raising ticket prices to cope with Covid recovery tax

Digital Desk -
Hungary has accused Ryanair of consumer protection violations and fined it more than £600,000 after the budget carrier raised ticket prices to cope with...
BUSINESS

Next hikes profit outlook after hot weather boosted summer sales

Digital Desk -
Fashion chain Next has upped its annual profit outlook after seeing full-price sales lift 5 per cent in the past three months as the...
WORLD NEWS

Inflation in eurozone countries rises to record high of 8.9%

Digital Desk -
Inflation in the European countries using the euro climbed to another record in July pushed by higher energy prices driven partly by Russia’s war...
BUSINESS

Former Tesla worker rejects £12.25 million award in racism case

Digital Desk -
A black former Tesla worker who said he was harassed and faced with “daily racist epithets” including the “N-word” while working at the company’s...
BUSINESS

Apple workers vote to unionise at Maryland store

Digital Desk -
Apple store employees in a Baltimore suburb voted to unionise by a nearly two-to-one margin on Saturday, a union said, amid a growing push...
BUSINESS

McDonald’s to pay France €1.2bn in tax fraud case

Digital Desk -
McDonald’s France and related companies have agreed to pay more than €1.2 billion to the French state to settle a case in which the...
ECONOMY

European Central Bank vows to create backstop against market turmoil

Digital Desk -
The European Central Bank (ECB) has vowed to create an unspecified market backstop that could be used to buffer some countries against bond market...
EUROPE

Ikea to sell inventory and find new owners of Russia business

Digital Desk -
Ikea has said it is seeking new owners for its four factories in Russia and will liquidate its product inventory in the country because...
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