Labour says wave of Tory MPs stepping down shows lack of confidence in Rishi Sunak as Theresa May announces exit – UK politics live | Politics

Labour says wave of Tory MPs stepping down shows lack of confidence in Rishi Sunak as Theresa May announces exit – UK politics live | Politics

Labour says wave of Tory MPs stepping down shows lack of confidence in Sunak as Theresa May announces exit Labour has said that the wave of Conservative MPs stepping down at the next election shows a lack of confidence in Rishi Sunak’s government, as former prime minister Theresa May announced she was joining the more … Read more

How Naadam grew from risky loan to lucrative cashmere fashion brand

How Naadam grew from risky loan to lucrative cashmere fashion brand

The story of Matt Scanlan, Diederik Rijsemus and cashmere apparel brand Naadam reads like an adventure novel. During a globetrotting vacation in 2013, the two college friends found themselves stranded among Mongolian goat herders in the Gobi Desert for three weeks. They learned about the wool trade, and came away with a business idea: Make … Read more

China is making it much easier for foreigners to use mobile pay

China is making it much easier for foreigners to use mobile pay

Scanning QR codes with a mobile pay app has become the most common way to pay in mainland China. Bloomberg | Bloomberg | Getty Images BEIJING — Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, the app operator said Friday. … Read more

HelloFresh shares dive 42% after meal kit giant warns on outlook

HelloFresh shares dive 42% after meal kit giant warns on outlook

HelloFresh shares plunged 42% on Friday morning in their worst-ever session to date, after the recipe box delivery company disappointed with its 2024 earnings outlook. Analysts at UBS said that while they had flagged risks around HelloFresh’s guidance, its outlook, released after the market close on Thursday, was “far worse” than anticipated. Disappointing growth and … Read more

Novo Nordisk market cap surpasses Tesla on new obesity pill trial data

Novo Nordisk market cap surpasses Tesla on new obesity pill trial data

The logo of Danish pharmaceutical company is pictured at their headquarters in Bagsvaerd outside of Copenhagen, Denmark on February 1, 2017. Liselotte Sabroe | AFP | Getty Images Wegovy obesity drug maker Novo Nordisk surpassed Tesla in market value Thursday, after fresh early trial data showed positive results for its new experimental weight loss pill. … Read more

Costco sales did not clear high bar, but other financials move in right direction

Costco sales did not clear high bar, but other financials move in right direction

Costco Wholesale reported solid fiscal 2024 second-quarter results after Thursday’s closing bell, but the stock fell in extended trading due to a slight miss on sales and margins. Given their recent run-up, we would expect that pressure on shares to continue Friday. However, the quarter wasn’t thesis-changing to the powerful Costco business model that excels … Read more

Sydney lawyer’s advice for anyone who received a NSW Police text linking them to ‘dial-a-dealer’ phones

Sydney lawyer’s advice for anyone who received a NSW Police text linking them to ‘dial-a-dealer’ phones

A criminal lawyer has offered free advice to 50,000 people on the receiving end of a text message telling them they had been linked to alleged drug runners. NSW authorities revealed on Thursday they had laid several charges and seized eight phones and dozens of phone numbers as part of a probe into “dial a … Read more

China doubles down on manufacturing, leaving real estate behind

China doubles down on manufacturing, leaving real estate behind

Huawei’s Aito electric cars are manufactured by Seres in Chongqing, China.  China News Service | China News Service | Getty Images BEIJING — China revealed this week it aims to spend more than a billion dollars to bolster manufacturing and domestic tech in a bid to remain globally competitive, while divulging little new support for … Read more