Edward Johnson 
A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according to returns management software company Optoro. “During the summer and … Read more
Businesses have boarded up, closed or plan to close early amid fears about potential violence as more than 100 far-right rallies across England were planned for Wednesday night. Employers across the country also told employees who felt vulnerable that they could work from home. In Birmingham’s Jewellery Quarter district, some businesses closed early on Wednesday … Read more
The Indian rupee weakened to yet another all-time on Wednesday, hurt by the continued unwinding of carry trades and on dollar demand from local importers. The rupee fell to its record low of 83.9725 to the dollar before closing at 83.9550, its weakest closing level ever. The currency has hit record lows for four straight … Read more
A scene from Disney and Pixar’s film “Inside Out 2.” Courtesy: 2024 Disney | Pixar Here’s a surprise: Disney‘s media business isn’t weighing down the company anymore. The primary Disney investor narrative since 2022 has been how streaming losses, combined with a declining traditional pay TV business and a string of box office failures, have … Read more
Former President Trump has softened his tone on electric vehicles following his backing from Tesla’s Elon Musk. Over the weekend, Trump said: “I’m for electric cars. I have to be because Elon endorsed me very strongly. So I have no choice.” Trump, who has frequently railed against policies that support electric vehicles, is still expected … Read more
Indian markets regulator’s latest proposals seek to limit the use of opaque offshore structures to trade in derivatives and contain possible volatility, two sources with direct knowledge of the matter said. The Securities and Exchange Board of India (SEBI) on Tuesday proposed that offshore derivative instruments (ODIs) issued by offshore funds should be backed only … Read more
As asylum centers are boarding up ahead of another predicted day of violent protests across the UK on Wednesday, X owner Elon Musk has stoked tensions by labeling UK prime minister Keir Starmer “#TwoTierKier” and spreading a far-right conspiracy theory that claims white rioters are being dealt with more severely than minorities by police. For … Read more
Novo Nordisk has cut its annual profit expectations after posting weaker-than-expected sales of its weight-loss drug Wegovy, fuelling investor concerns over growing competition and sending its shares lower. The Danish drugmaker’s market value has soared over the past year, making it the most valuable company in Europe, on the back of the success of its … Read more
ROME (AP) — Fashion house Dolce & Gabbana has launched a new alcohol-free perfume for dogs called ‘Fefé’ in honor of Domenico Dolce ’s poodle, but not all vets and pet owners agree it’s safe or appropriate. The perfume costs 99 euros ($108) for 100 milliliters (3.4 ounces) and has been certified suitable for animal … Read more
Venky’s (India) shares on Wednesday hit a 20% upper circuit after the poultry firm reported a 287% jump in its June quarter net profit to Rs 75.18 crore versus Rs 19.41 crore reported by it in the year ago period. The stock was trading at Rs 2,191.65 on the NSE, gaining Rs 365.25 over Tuesday’s … Read more
