American Apparel: at first arty and subversive, then it got creepy
The US retailer broke new ground when it first hit the British high street, but its edginess and internet porn aesthetic ended up tarnishing its image American Apparel has become so synonymous with controversy that it is easy to forget why anyone cared about it in the first place. But when the US chain first […]
Price cuts and rise in orders quicken pace of eurozone business growth
Unexpected acceleration in economic activity suggests ECB’s bond-buying scheme and weaker euro could be having a stimulating effect Eurozone business growth unexpectedly accelerated this month as steeper price cutting drove an increase in new orders and led to firms building a bigger backlog of work, according to a new survey. The relatively upbeat survey, one […]
Once-sexy American Apparel looks impotent in face of impending doom
The clothes retailer that courted controversy with sexualised advertising and allegations of impropriety against its founder may go bankrupt within months It has weathered storms of controversy over sexy adverts that bordered on porn and accusations that its flamboyant founder sexually harassed his young employees, but in the end money, not sex, has proved the […]
Greek elections won't derail bailout, says EU, as Syriza splits – live updates
Commission says it expected Alexis Tsipras to call snap elections last night Latest: Brussels wasn’t surprised by resignation Greek left-wing MPs form new party Slovak finance minister chides “cynical” Tsipras Fitch warns of risks to bailout And in the markets: Footsie 100’s slide continues Shanghai stock market tumbles 4% Wall Street opens 1% lower 5.04pm […]
UK supermarkets cut petrol prices as crude oil cost slides
RAC predicts petrol could soon be sold for £1 a litre after Asda, Sainsbury’s and Tesco slash price of unleaded fuel by 2p Supermarkets in Britain have slashed their petrol prices as the cost of crude oil continued to slide. Asda, Sainsbury’s and Tesco all announced on Friday a cut in the price of unleaded […]
US stock markets follow global plunge as China concerns deepen
All main US indices were down on Friday morning following global sell-off as investors worldwide become increasingly concerned about Chinese economy US stock markets fell on Friday following a broad sell-off on markets across the world as investors become increasingly concerned about the health of the Chinese economy. Related: Stock market falls: four factors stoking […]
Welcome to the complex world of 3D-printed drugs
Approval of a 3D-printed drug opens up a new world of customised medication, but also the possibility of counterfeit drugs, mislabelling and a regulatory vacuum The prospect of tailor-made drugs that are customised to your individual needs has moved a step closer with the recent announcement of the first 3D-printed (3DP) drug to gain approval […]
UK income tax receipts reach surplus in July
ONS details £1.3bn gap between revenue and expenditure – the first surplus for three years and the largest since records began in 1997 A record month for income tax receipts helped the government achieve its first July surplus on the public finances for three years, according to official figures. The Office for National Statistics said […]
Spire Healthcare drops 13% as it warns on NHS
Company cuts growth forecasts as NHS sales expected to be lower than forecast Spire Healthcare, the independent hospital group, has slumped 13% after it warned of a slowdown in business for the National Health Service and cut growth forecasts. The company said the suspension of penalties for lengthening waiting lists at the NHS – announced […]
US crude oil prices hit lowest since 2009, eliminating thousands of jobs
Consumers may cheer the lower prices at the pump, but jobs are being lost in the energy industry across the world America’s oil boom is faltering, and with US crude oil prices hitting lows unseen since 2009 this week, experts believe the fall may continue taking thousands of jobs with it. Consumers may cheer the […]