The US defence secretary, Pete Hegseth, has met with the Philippine president, Ferdinand Marcos, in Manila saying the two countries must stand “shoulder to shoulder” in the face of the threat represented by China. Hegseth’s meeting at the presidential palace comes as he opens a tour of Pacific allies that risks being overshadowed by a…
Earlier this month, No Other Land won the Oscar for best documentary feature. The film chronicles the West Bank community of Masafer Yatta as it resists being driven off its land by settler violence and the demolitions of the Israeli military. The film’s two protagonists, Palestinian film-maker Basel Adra and Israeli film-maker Yuval Abraham, gave…
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Lululemon store in Manhattan, New York City, U.S., on July 15, 2024. Beata Zawrzel | Nurphoto | Getty Images Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. On an Thursday earnings call, CEO Calvin McDonald said the athletic wear company conducted a survey earlier this…
The City trader jailed for Libor rigging in 2015 has said he believes he was convicted during a “morality trial” of bankers’ conduct, as he concluded his fight to clear his name at the UK’s highest court. Speaking after a three-day hearing at the supreme court in London on Thursday, Tom Hayes said his original…
The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico, on Feb. 11, 2021. Daniel Becerril | Reuters As auto stocks reacted to the latest tariff announcement out of Washington, D.C., on Thursday, General Motors took the brunt of the hit. Shares of…
The Ferrari logo is seen outside the Ferrari headquarters in Maranello, Italy. Ciancaphoto Studio | Getty Images Sport | Getty Images Ferrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to the price of a typical Ferrari. The…
Sky has said it intends to cut 2,000 jobs at its customer service centres and close three sites in the UK, affecting 7% of its total workforce. The media and telecoms group, which was bought by the US media company Comcast for £30bn in 2018, said the planned closures would help make it “future-ready” as…
(L-R) Jon Paul, Jorge and Nicholas. Courtesy of Future Proof and Triangle BLVD A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. When Jon Paul Pérez graduated college, he assumed he would…
The UK’s carbon emissions fell by 4% last year, according to official figures. Provisional statistics published on Thursday by the Department for Energy Security and Net Zero (DESNZ) show UK territorial greenhouse gas emissions were 371m tonnes carbon equivalent (MtCO2e) in 2024, down from 385 MtCO2e in 2023. Emissions were 54% lower than they were…
