Ultra-rich still shopping for luxury despite inflation, recession fears

Ultra-rich still shopping for luxury despite inflation, recession fears

Prices for food, gas and travel have skyrocketed in the past year, but the wealthy seem to be shrugging this off and are still driving sales at luxury companies, where sneakers can cost $1,200 and sports cars can easily surpass $300,000. Companies targeting the ultra-wealthy, including Ferrari and Dior’s parent companies, Louis Vuitton and Versace, … Read more

Drug stocks are sliding on Zantac lawsuits — what it means for JNJ

Drug stocks are sliding on Zantac lawsuits — what it means for JNJ

Several drug stocks are hit today by concerns over exposure to lawsuits related to Zantac, a heartburn drug that was removed from U.S. markets in 2020 after the Food and Drug Administration determined that impurities in some samples could potentially cause cancer. Boehringer Ingelheim, GlaxoSmithKline Klein (GLAXD), Pfizer (PFE) and Sanofi (SNY) have all been … Read more

Investors watch data, monetary policy path

Investors watch data, monetary policy path

LONDON – European markets closed largely higher on Friday, with investors charting the course for monetary policy and economic growth. The pan-European Stoxx 600 closed 0.2% higher for the time being, with most major exchanges positive. Sectors showed a more mixed picture, with travel and leisure stocks rising 3.9%, while retail stocks falling 0.4%. The … Read more

Owners of The Lane cafe and restaurant in Deal fight to survive £30,000 rise in electricity bill

Owners of The Lane cafe and restaurant in Deal fight to survive £30,000 rise in electricity bill

Owners of a popular cafe say they will do everything they can to survive – despite an “insane” rise of more than £30,000 expected on their energy bills. Anna and Chris Vidler, of The Lane in Deal, say their current annual payment of £11,500 is expected to rise to £42,000 when their extension starts in … Read more

Samsung exec explains folding phones are so important

Samsung exec explains folding phones are so important

Samsung Galaxy Z Fold 4 Samsung Samsung’s head of mobile business, Roh Tae-moon, recently explained to The Wall Street Journal why foldable phones are so important to the company’s business. Roh said in the report that Samsung’s foldable phones attract three times more brand switchers than Samsung’s regular Galaxy S phones. That means people are … Read more

The Korean Cowgirl in Canterbury closes after ‘clerical error’ meant it could not serve alcohol

The Korean Cowgirl in Canterbury closes after 'clerical error' meant it could not serve alcohol

A hugely popular restaurant has suddenly closed after an “innocent clerical error” preventing it from serving alcohol. Launched six years ago in Palace Street, Canterbury, the Korean Cowgirl is known for its fusion of oriental cuisine with Texas-style barbecue food. The Korean Cowgirl in Canterbury But bosses have confirmed they have closed the branch after … Read more

Britain is becoming an ’emerging market country,’ analyst says

Britain is becoming an 'emerging market country,' analyst says

Retirees protest rising fuel prices during a demonstration outside Downing Street hosted by The National Pensioners Convention and Fuel Poverty Action on February 7, 2022 in London, England. Guy Smallman | Getty Images Political instability, trade disruptions, an energy crisis and skyrocketing inflation make the UK an “emerging market country”, according to Saxo Bank. The … Read more

Losses climb 50%, firm to exit Netherlands

Losses climb 50%, firm to exit Netherlands

A Deliveroo delivery man near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images Losses at UK meal delivery company Deliveroo rose in the first half of 2022, while sales growth slowed dramatically as the disappearance of pandemic restrictions and a rise in the cost of living dent demand for … Read more

Key U.S. inflation print in focus

Key U.S. inflation print in focus

LONDON – European markets were mixed on Wednesday as global investors await significant US inflationary pressures. The pan-European Stoxx 600 was roughly flat by late morning. Travel and leisure stocks rose 1.3%, while healthcare stocks fell 0.8%. The July U.S. consumer price index report, expected at 1:30 p.m. London time, could confirm or quell hopes … Read more

Third 24-hour casino in Week Street, Maidstone could replace JenningsBet

Third 24-hour casino in Week Street, Maidstone could replace JenningsBet

A third 24-hour gambling center could open in a 50-metre stretch of a troubled city center street. If the plans are approved, the Vegas-style mini-casino would replace JenningsBet in Maidstone. If approved, Little Vegas would become the third 24-hour adult game center on Week Street Week Street — which has been plagued by violent nighttime … Read more