Sky News has learned that Apollo has outbid competitors, including JD.com and DHL, to acquire parcel delivery giant Evri. According to banking sources, the deal could be announced as early as Thursday afternoon. Apollo's agreement to purchase Evri, which delivers over 700 million parcels annually, addresses the more complex antitrust implications that a sale to …
British regulators fined Coinbase’s UK arm £3.5 million ($4.5 million) on Thursday for violating a voluntary agreement intended to prevent the cryptocurrency exchange from onboarding “high-risk customers.” Coinbase Global shares were down nearly 2% in U.S. premarket trading. CB Payments Limited (CBPL), part of the Coinbase Group, operates a global crypto trading platform. In October …
Global financial markets in both the US and Asia have seen significant declines as investors pull back from technology stocks, with AI-related shares experiencing substantial losses. In Wednesday's trading in New York, the S&P 500 fell by 2.3%, and the tech-centric Nasdaq dropped by 3.6%, marking their largest one-day declines since 2022. The Dow Jones …
Women in Scotland have reached a significant milestone in business, with female entrepreneurs now equalling the number of male entrepreneurs for the first time. A recent report indicates that women were initiating and managing new businesses at almost the same rate as men last year. The Global Entrepreneurship Monitor (GEM), an annual survey of entrepreneurship, …
BT has been fined £17.5m for a significant failure in its emergency call handling service, which resulted in thousands of 999 calls not being connected. The network fault occurred on June 25 last year and lasted for over 10 hours, causing 14,000 emergency calls to fail. An investigation by Ofcom, the regulator overseeing the 999 …
Europe's largest airline by passenger numbers revealed it had engaged in more discounting than anticipated during the three months ending in June, resulting in an average fare decrease of 15%, with no end in sight for the need for markdowns. Profit after tax dropped by 46% to €360m (£303m), significantly below market analysts' expectations of …
Thousands of customers faced account access issues on payday due to technical difficulties affecting several banking apps. HSBC, Nationwide, Barclays, and Virgin Money acknowledged and were addressing problems on the last working day of the month, a typical payday. Both HSBC and Virgin Money experienced disruptions with their mobile banking apps, which have since been …
Fresh details have emerged about the thrilling concept as Universal Destinations and Experiences prepares for the attraction. Last year, the company, owned by Comcast, the parent group of Sky, acquired a 476-acre site on a former brickworks in Kempston Hardwick, Bedfordshire. The company has proposed developing a large theme park resort on the site and …
Artificial intelligence (AI) is rapidly revolutionizing the business landscape, with one of its most compelling promises being the potential to slash operational costs remarkably. From automating repetitive tasks to streamlining logistics, AI offers numerous ways a company can tighten its belt. However, the implementation of AI also carries potential reputational risks. Let us now add …
Nicotine gum, a mainstay in the smoking cessation market for decades, finds itself at a crossroads. While still a widely used tool for kicking the tobacco habit, its future remains clouded by evolving consumer preferences, alternative smoking cessation methods, and a potential decline in overall smoking rates. Let's take a deep dive into the current …
Kim Kardashian, the name synonymous with reality TV and celebrity, has transcended those labels to become a social media marketing powerhouse. Her ability to leverage various platforms and cultivate a massive online following has not only fueled her own brand but also served as a masterclass for aspiring influencers and entrepreneurs. Let's delve into the …
The United Kingdom has a long and storied history as a global center for commerce and entrepreneurship. But for aspiring business owners, navigating the process of setting up shop in the UK can feel like wading through a sea of paperwork. Fear not, intrepid entrepreneur! This guide will equip you with the knowledge to tackle …
The influencer landscape has undergone a dramatic shift. Gone are the days when success solely hinged on amassing likes and followers. Today's savvy influencers are leveraging their social media clout to build something far more substantial – their own brands. These influencer-owned brands are not just vanity projects; they're thriving businesses, disrupting traditional industries and …
The global wine industry, valued at over $339 billion, is undergoing a period of transformation. While the core product – wine itself – remains the same, consumer preferences, distribution channels, and marketing strategies are evolving rapidly. To navigate this dynamic landscape, wine businesses must embrace new trends and adapt their approaches to stay competitive. Here's …
