Market Buzz
Monday newspaper round-up: Aviva, NatWest, CAB Payments
A fashion industry push to reduce the environmental impact of the clothing it sells is being undermined by an ongoing addiction to buying new clothes, with the average Briton buying 28 items every year. Asos and Primark are among the big names signed up to Wrap’s voluntary environmental pact, Textiles 2030. – Guardian.
Sunday newspaper round-up: Middle East, Heathrow, Aviva
The conflict in the Middle East and the resulting humanitarian crisis could trigger a global recession by compounding the challenges that are already facing the precarious world economy. That is the diagnosis of two of the biggest names on Wall Street. Larry Fink, who heads asset manager BlackRock, believes the 7 October Hamas atrocities, the attack on Gaza and the Ukraine invasion mean the world has been pushed to "almost a whole new future". For his part, J. P.
Friday newspaper round-up: Food retailers, Apple, Microsoft chief
The ride-share companies Uber and Lyft have agreed to a historic settlement totaling $328m after being accused of withholding wages and benefits, such as mandatory paid sick leave, from drivers. - Guardian.
Thursday newspaper round-up: Borrowing costs, earnings, Walt Disney
Labour has warned that more than half a million homeowners face a surge in mortgage costs before the local elections in England in May, as ministers battle to contain the damage from what is expected to be a long period of high interest rates. With the Bank of England widely expected to hold its key base rate at 5. 25% on Thursday, the party released analysis that showed 630,000 more homeowners would be hit by higher borrowing costs before local elections next year.
Wednesday newspaper round-up: WeWork, energy bill payers, The Telegraph
WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank Group-backed company struggles with a massive debt pile and hefty losses. - Guardian.