Boeing sells eVTOL subsidiaries, takes stake in Archer
In a move to increase its focus on core operations, Boeing is selling three of its subsidiaries to Archer Aviation in exchange for a stake in the startup that focuses on electric vertical take-off and landing aircraft, known as eVTOLs for short. Boeing’s stake in Archer will amount to 19.75% of Class A shares of […]
Tariffs hit Shein’s U.S. sales and profit, IPO filing shows
Bus stop advertising for Chinese fashion company Shein in London, England, May 4, 2025. Mike Kemp | In Pictures | Getty Images Discount retailer Shein had long argued trade law loopholes weren’t the reason for its success. But now that those exemptions are gone, its once meteoric growth has stalled in the U.S. and Europe, […]
Cyclospora fears lead consumers to lose their appetite for salads
People shop at the Union Square Greenmarket on August 07, 2026 in New York City. Michael M. Santiago | Getty Images News | Getty Images Warm weather usually drives salad sales, but consumers spooked by the ongoing cyclospora outbreaks are avoiding lettuce this summer. Traffic to Chopt Creative Salad Co. locations fell 24% compared to […]
Spain’s economy gathers pace with 0.7% second-quarter growth
Spain’s economy expanded by 0.7% between April and June, accelerating from the 0.6% growth recorded in the previous quarter and maintaining an annual growth rate of 2.7%, according to preliminary figures released by the National Statistics Institute (INE). The latest figures extend Spain’s run of quarterly economic expansion to 24 consecutive quarters, while year-on-year growth […]
EU hits Google with €890m fine over search and app store practices
The European Union has imposed fines totalling €890 million on Google for breaching the bloc’s Digital Markets Act (DMA), marking the largest penalties handed to a single company under the landmark legislation and potentially reigniting tensions with the United States. The European Commission announced two separate fines on Thursday in a statement. Google was ordered […]
Luxury retail stocks fall amid economic and global uncertainty
While consumers and retailers have held up surprisingly well through a challenging world, from war to inflation to political uncertainty, the fashion industry remains vulnerable to Wall Street shocks. Consider this a reminder of how quickly trends can change. Luxury and fashion stocks sold off on Wednesday as the ceasefire between the United States and […]
Stock trends and brand strategy
In Wall Street’s cruel calculations, figuring out why stock prices are going up or down requires two basic pieces of information: how a company is doing and how it compares to investors’ expectations. If investors see a recovery after repeated disappointments and a continued upward trend, this could result in a significant increase in stock […]
Spain raises 2026 growth forecast to 2.6% despite Middle East conflict
The Spanish government on Monday raised its economic growth forecast for 2026 to 2.6%, up from its previous estimate of 2.2%, arguing that the country’s economy is well placed to withstand the impact of the Middle East conflict and wider global uncertainty. The revised forecast forms part of the government’s new macroeconomic framework, which will […]
Spotlight: social media bans – imperfect steps in the right direction
On 15 June 2026, UK Prime Minister Keir Starmer announced that children under 16 will be banned from social media. Snapchat, TikTok, YouTube, Instagram, Facebook, X. All of it. The ban is planned to come into force in spring 2027, and Starmer made clear that if tech companies push back, he intends to push harder. […]
Up to 3,000 Santander employees could be offered early retirement in Spain
Spanish banking giant Santander has entered negotiations with labour unions over a voluntary early retirement programme that could eventually cover thousands of employees in Spain, according to a report published by financial newspaper Expansión on Wednesday. The discussions come as banks across Europe prepare for the growing impact of artificial intelligence (AI), which is expected […]