Retailers have suffered unprecedented annual levels of shoplifting losses and incidents of violence and abuse against staff, according to industry data, although one major chain has told Sky News there are now signs of a fightback. The British Retail Association (BRC) used the publication of its annual retail crime survey, covering the 12 months to
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Quiz Clothing, the troubled fashion business, is close to collapsing into administration days after its shares were delisted from the London stock market. Sky News has learnt that Quiz, which is chaired by the former JD Sports chief Peter Cowgill, is lining up Teneo as administrator in a move expected to take place before the
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U.S. President Donald Trump makes a virtual address to the World Economic Forum in Davos, Switzerland, on Thursday, Jan. 23, 2025.  Bloomberg | Bloomberg | Getty Images President Donald Trump said Thursday he will approve the construction of power plants for artificial intelligence through an emergency declaration. “We’re going to build electric generating facilities. I’m
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TravelPerk CEO and co-founder Avi Meir. TravelPerk TravelPerk, a corporate travel platform, raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion, the company told CNBC. The fresh financing doubles TravelPerk’s market value from January 2024, when it raised $104 million on a $1.4 billion valuation.
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Tesla is challenging the European Union in court over the tariffs imposed on its Chinese electric vehicles despite getting the lowest rates of any automaker. Last summer, the European Commission revealed new tariff rates on Chinese-made EVs imported into the continent. The logic behind the tariffs was that the EU sees China as subsidizing electric vehicle production
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