Paul Marchant, the chief executive of Primark, has resigned with immediate effect following an allegation about his behavior in a social setting. The announcement was made by Primark’s parent company, Associated British Foods (ABF), which stated that Marchant admitted to an “error of judgment” and accepted that his actions fell…
Apple has been hit with a €150 million ($162 million) fine by France’s competition authority over its App Tracking Transparency (ATT) framework, a move that adds pressure from multiple fronts as investigations in other EU countries gain traction. The penalty, announced on Monday, stems from how the iPhone maker rolled…
China’s manufacturing activity grew at its fastest pace in a year in March, reflecting the impact of Beijing’s stimulus measures on economic recovery. However, escalating trade tensions with the US present challenges to sustained growth.China’s manufacturing PMI risesThe official purchasing managers’ index (PMI) reached 50.5 in March, according to data…
The AUD/USD exchange rate has retreated in the past few days ahead of the upcoming Reserve Bank of Australia (RBA). It was trading at 0.6278, down by almost 10% from its highest point in 2024. It has also pulled back by almost 2% from its highest point this year.RBA interest…
The vibecession is back in the headlines. The term is used to describe a disconnect between how people feel about the economy and how the economy is actually performing.Consumer sentiment has dropped to multi-year lows, inflation expectations have surged, and markets are reacting nervously. At the same time, spending and employment…
President Vladimir Putin’s investment envoy announced in a statement released on Monday that Russia and the United States have initiated discussions on collaborative rare earth metals and other projects within Russia, with some companies already showing interest, according to a Reuters report.Despite US President Donald Trump’s attempts to mediate an…
In 2025, the Indian steel sector, globally ranked second, encounters a significant hurdle as the European Union strengthens its environmental regulations and emphasises carbon neutrality.India’s position in the global steel market may be jeopardised if it doesn’t quickly adapt to stricter carbon regulations in Europe, Rystad Energy said. Europe is a…
Paul Marchant, the chief executive of Primark, has resigned with immediate effect following an allegation about his behavior in a social setting. The announcement was made by Primark’s parent company, Associated British Foods (ABF), which stated that Marchant admitted to an “error of judgment” and accepted that his actions fell…
French oil company Maurel et Prom experienced a significant drop in share prices, plummeting 15% in early trading on Monday. This sharp decline was triggered by an announcement from the company that its license to operate in Venezuela had been revoked by the United States, according to a Reuters report. The revocation…
French far-right leader Marine Le Pen and eight MEPs have been convicted of embezzling European Union funds, in what has cast uncertainty over Le Pen’s political career just two years before the 2027 presidential election. The ruling, handed down by a French court, found that Le Pen and her party…