Business

Retail sales fell by much more than expected in August as the cost of living crisis dragged on demand for both essential and non-essential goods, prompting further pain for the pound. Figures from the Office for National Statistics (ONS) showed retail sales volumes shifting from shaky growth the previous month to a decline, of 1.6%,

“Everyone knows I’m the king,” Kanye West said in an interview today with CNBC’s Closing Bell. “A king can’t live in someone else’s castle. A king has to make his own castle.” That, apparently, is Ye’s aim now, but first he wants to dissolve the 10 year deal he signed in 2020 with Gap. It’s

The John Lewis Partnership says it is “forgoing profit” to help customers, partners and suppliers navigate the challenges of the cost of living crisis. The employee-owned company, comprising the eponymous department store chain and Waitrose supermarkets, reported a loss of £99m for the half-year to 30 July compared to a red figure of £29m a

The Independent Film & Television Alliance has today unveiled the confirmed exhibitors, as well as the opening speakers for the 43rd edition of the American Film Market, taking place at the Loews Beach Hotel in Santa Monica and theatres throughout the city from November 1-6. Thus far, 225 entities across sales, production and distribution — including international

Chancellor Kwasi Kwarteng is considering a plan to scrap caps on bankers’ bonuses as part of a post-Brexit bid to boost the City’s competitiveness and the UK economy, Sky News understands. He argues the cap, which was introduced under EU rules in 2014 following the 2008 financial crisis and subsequent eurozone debt crisis, would make

“Our league definitely got this wrong,” wrote LeBron James today just hours after NBA Commissioner Adam Silver went before the media to try and contain the fallout over what many consider too-mild sanctions on Phoenix Suns owner Robert Sarver for his reported sexist, racist and abusive behavior toward subordinates. James, like many former players and

It may still be as near as you can get to double figures. It may yet be heading higher still. It may be squeezing households across the country, but squint a little bit and there’s some good news in Wednesday’s inflation data. For the first time in a long time, not only did the rate

EXCLUSIVE: Surviving members and relatives of the famed Black Spartans want a movie about the 1966 college football co-champions consigned to the sidelines. “This letter is directed to various producers, directors, actors and others who we understand are associated with the motion picture Black Spartans, which purports to tell our clients’ stories,” says a correspondence sent

The rate of inflation eased slightly to 9.9% in the 12 months to August, aided by a fall in fuel costs. The Office for National Statistics said that the fall in fuel prices was the main factor in the fall from the 10.1% CPI seen in July. The rise in food prices has been the

Lowry Mays, the founder of Clear Channel Communications, which is now known as iHeartMedia, has died. He was 87. It was Mays’ alma mater, Texas A&M University, that announced the businessman had died on Monday but did not reveal the cause of death. “We are saddened to hear of Lowry Mays’ passing today. He truly exemplified

Center Parcs has U-turned on plans to ask customers to leave just for the day when it closes its five UK sites for the Queen’s funeral after a backlash. Complaints started to flood in via its social media pages after the company said it would shut sites from 10am on the day to allow staff

Shareholders of Twitter voted Tuesday to approve the company’s sale to Elon Musk, a key administrative step that’s also a bit surreal as the billionaire Tesla founder is fighting in court to extricate himself from the deal. The vote was scheduled months ago. It falls the same day a Twitter whistleblower is sounding off about

Hundreds of businesses are urging the chancellor to offer details about the support they’ll receive with their energy bills. The letter to Kwasi Kwarteng was signed by 300 companies and written by Kate Nicholls, the CEO of UK Hospitality. It reads: “We welcome the support that has been given to households – including our customers

Ramsey Lewis, a jazz pianist and composer who had a surprise appearance on the pop charts in 1965 with the hit “The In Crowd,” died Monday at 87. No cause of death was given, but his Facebook page indicated he “died peacefully at his home in Chicago” this morning. A three-time Grammy-winner, Lewis was also

Since the end of the pandemic and the reopening of economies around the world, labour markets have become tighter, in the jargon. In short, in developed economies such as Europe and the United States, there are fewer workers available. Much of this was put down to the so-called great resignation as workers decided, after the

Meghan Markle has put her popular Spotify podcast Archetypes on hold following the death last week of Queen Elizabeth II. According to a message on the podcast’s home page, “New episodes of Archetypes will be paused during the official mourning period for Her Majesty The Queen.” The Queen’s funeral is scheduled for Sept. 19 at

The UK economy grew by just 0.2% in July, according to the Office for National Statistics. The figure was below the 0.4% growth expected by economists, and follows a fall of 0.6% in June. While this means it is 1.1% above pre-coronavirus levels, GDP was still flat in the three months to July compared with

Disney CEO Bob Chapek is opening up about ESPN as activist investor Daniel Loeb had been pressuring the company to spin off the sports network. “There’s a reason why we love ESPN,” Chapek told Deadline in an interview. He added, “There’s so many dimensions of sports and we’re passionate about it, and we have a

Apple has launched the iPhone 14 as its “most advanced” smartphone yet – with longer battery life and a series of camera upgrades. Its four new models are between 6.1 and 6.7 inches in length, meaning they have larger screens than the iPhone 13. They can also last all day on a single charge. However,

Chairman of Disney Parks Experiences and Products Josh D’Amaro brought in some heavy hitters for his presentation at D23 Expo, including Mark Ruffalo, Jon Favreau and Marvel boss Kevin Feige. The topline of their announcement, per Feige, is that “We’re bringing the Multiverse to Avengers Campus.” At the new attraction, said D’Amaro, “You’re going to