Next has agreed to buy the Russell & Bromley footwear brand out of administration for £3.8 million, securing the future of the 145-year-old name but leaving hundreds of jobs at risk as dozens of stores fall outside the deal. The British retailer, founded in 1879 in Eastbourne, has been struggling amid a tough trading environment
Galaxy Digital Holdings, the prominent digital asset investment firm led by veteran financier Mike Novogratz, is launching a $100 million hedge fund designed to capitalize on volatility in the cryptocurrency and fintech sectors, according to a report in the Financial Times. The $100 million fund eyes backing from a mix of family offices, high-net-worth individuals,
US President Donald Trump’s highly anticipated World Economic Forum address at Davos is just a few minutes away. Ahead of the high-stakes address, US Treasury Secretary Scott Bessent repeatedly urged global markets and European leaders to “sit back, relax” and “take a deep breath.” “Everyone take a deep breath,” Bessent told CNBC. Do not escalate
On Wednesday, Brazil’s Central Bank ordered the extrajudicial liquidation of Will Financeira SA Crédito, Financiamento e Investimento, also referred to as Will Bank, after having resolved earlier on the day resolution measures previously applied to Banco Master. On November 18, 2025, the central bank issued a decree to liquidate Banco Master due to issues with Will
Peloton stock price has come under intense pressure in the past few months as its growth trajectory waned and as insiders dumped shares. PTON dropped by over 7% on Tuesday, reaching a low of $5.85, its lowest level since May last year. It has tumbled by 35% from its October highs and formed a risky
The slowdown in the UK jobs market became more evident in the run-up to November’s budget, as new figures revealed a sharp drop in payroll employment and weaker wage growth. Official data released on Tuesday highlighted the largest monthly fall in payrolled jobs since late 2020, signalling a tougher environment for workers and employers alike.
Indian shares fell to their lowest levels in more than three months on Tuesday, as a broad-based sell-off driven by weak corporate earnings, global trade concerns and sustained foreign fund outflows rattled investor confidence. The benchmark Nifty 50 slipped 1.38% to close at 25,232.5, while the BSE Sensex declined 1.28% to 82,180.47, both marking their
Donald Trump’s return to the World Economic Forum in Davos has reshaped the tone and priorities of this year’s gathering, as global business leaders and policymakers brace for the implications of his agenda on trade, security, and geopolitics. The US president is expected to arrive in the Swiss resort on Wednesday to deliver a special
Global trade policy is rapidly transforming into a strategic instrument, evidenced by “The Greenland episode” and Canada’s notable pivot toward China. This shift is creating a unique market environment where stable financial conditions coexist with increasingly turbulent commodity pricing, a divide set to define the near future, according to Rystad Energy’s Chief Economist, Claudio Galimberti.
Shares of RAPT Therapeutics surged sharply on Tuesday after the biopharmaceutical company said it had agreed to be acquired by British drugmaker GSK in a deal valued at about $2.2 billion, giving the larger group access to a late-stage food allergy treatment. RAPT stock jumped 64% to $57.41 in premarket trading, approaching the agreed offer