Business

Soho House Acquired for £2 Billion as Ashton Kutcher Joins Board

Soho House Acquired for £2 Billion as Ashton Kutcher Joins Board

Private members' club chain Soho House has been snapped up for $2.7bn (£2bn) by a consortium involving Hollywood actor turned investor Ashton Kutcher.  The group opened its first club in London in 1995, and now has 46 Soho Houses in Europe, North America and Asia, as well a string of other up-market hospitality businesses.  It is widely regarded as being a popular haunt of A-list celebrities, and one of its London venues was reportedly where Prince Harry and Meghan Markle had their first date.
Business

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Uber Launches Private Helicopter and Free Boat Rides Along Italy’s Amalfi Coast
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Uber Launches Private Helicopter and Free Boat Rides Along Italy’s Amalfi Coast

Say “hello!” to Italy from a personal heli or “buongiorno!” from a private boat. Uber’s latest installment of their “Go Anywhere” program brings Uber Boat and Uber Copter to Italy’s Amalfi Coast this summer. Every Saturday and Sunday from July 26 through Aug. 24, travelers can charter a private boat or helicopter to see the über-popular European destination. Visitors can start reserving their trips on Wednesday, June 25, and can book a minimum of 48 hours ahead of any expedition. For those se
Business NewDope

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DHL Halts High-Value U.S. Deliveries Over Tariffs
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DHL Halts High-Value U.S. Deliveries Over Tariffs

DHL Express is suspending deliveries to the US worth more than $800 (£603) because of a "significant increase" in red tape at customs following the introduction of Donald Trump's new tariff regime. The delivery giant said it will temporarily stop shipments from companies in all countries to American consumers on Monday "until further notice". It added that business-to-business shipments will still go ahead, "though they may also face delays". Previously, packages worth up to $2,500 could ente
Business Delivery services

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China has announced a strategy to enhance the opening of its service sector.
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China has announced a strategy to enhance the opening of its service sector.

On Friday, China unveiled a strategy aimed at further liberalizing its service sector, which includes plans to eliminate restrictions on foreign equity ratios for app store services. This initiative is part of China's efforts to attract increased foreign investment in its rapidly growing services sector, coinciding with government commitments to enhance service consumption as a means of bolstering the economy amidst escalating trade tensions with the United States. The strategy broadens the ra
Business China

Esther Ige
Investors caught unprepared by big drop in U.S. dollar,  corresponding increase in euro because of Trump tariffs
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Investors caught unprepared by big drop in U.S. dollar,  corresponding increase in euro because of Trump tariffs

In the midst of the recent turmoil in financial markets, a notable development has surprised many investors — the significant decline of the U.S. dollar alongside the appreciation of the euro. The U.S. dollar index has dropped to its lowest point in three years following President Donald Trump's implementation of a sweeping new tariff policy on April 2, experiencing an additional decrease of 0.65% earlier on Monday. Conversely, the euro exhibited volatility on Monday, reducing its gains agains
Business

Esther Ige
US Stocks Suffer Worst Week Since COVID Crash
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US Stocks Suffer Worst Week Since COVID Crash

Global markets plunged on Friday, as China hit back at tariffs announced by US President Donald Trump, raising the likelihood of an extended trade war and damage to the global economy. All three major stock indexes in the US plunged more than 5%, with the S&P 500 dropping almost 6%, capping the worst week for the US stock market since 2020. In the UK, the FTSE 100 plunged almost 5% - its steepest fall in five years, while Asian markets also dropped and exchanges in Germany and France faced sim
Business China

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Shaken by Trump’s Tariffs, U.S. Allies Brace for Economic and Diplomatic Fallout
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Shaken by Trump’s Tariffs, U.S. Allies Brace for Economic and Diplomatic Fallout

President Trump’s unexpected plan to impose a 25 percent tariff on cars and car parts imported into the United States will not only disrupt supply chains. It will also fuel anger and alienation — and pressure to retaliate — among American allies across the globe. Many of the countries most affected by the new levies, such as South Korea, Japan, Germany, Mexico and Canada, are already reeling from the Trump team’s disregard for free trade deals already signed and his threats to long-established
Business Donald Trump

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SZA Unveils New Makeup Line, ‘Not Beauty’
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SZA Unveils New Makeup Line, ‘Not Beauty’

SZA is expanding her creative empire beyond music and acting—she’s now venturing into the beauty industry. During a recent sitdown with Jennifer Hudson, the TDE singer revealed that she’s launching a new makeup line, “Not Beauty.” Regarding her inspiration, SZA noted that along with constant questions from fans about her lip combinations, it was a “necessity” because she’s constantly singing and is a “certified yapper.” Therefore, when using lip products she needs something long-lasting, which
Business Sza

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Musk's Tesla raises concern over Trump tariffs

Musk's Tesla raises concern over Trump tariffs

Tesla, the electric vehicle manufacturer led by Elon Musk, has issued a warning that it, along with other American exporters, may face negative consequences due to retaliatory actions from other nations in response to Donald Trump's trade tariffs. Mr. Musk, a close associate of the President, is actively working to streamline the federal government. In a letter addressed to the U.S. trade representative, which was not signed, Tesla expressed its "support" for fair trade but raised concerns tha
Business Donald Trump trade tariff

Esther Ige
North Korean hackers cash out $300m from $1.5bn ByBit hack
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North Korean hackers cash out $300m from $1.5bn ByBit hack

Hackers thought to be working for the North Korean regime have successfully converted at least $300m (£232m) of their record-breaking $1.5bn crypto heist to unrecoverable funds. The criminals, known as Lazarus Group, swiped the huge haul of digital tokens in a hack on crypto exchange ByBit two weeks ago. Since then, it's been a cat-and-mouse game to track and block the hackers from successfully converting the crypto into usable cash. Experts say the infamous hacking team is working nearly 24
Business Cryptocurrency

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Resurgence of patriotism as Canadians confront the challenges posed by Trump’s threats directly.

Resurgence of patriotism as Canadians confront the challenges posed by Trump’s threats directly.

Shortly after the United States implemented tariffs on Canada, a neighborhood pub in Toronto decided to eliminate all American items from its menu. This decision necessitated that nachos, wings, and, notably, beer, be prepared exclusively with local Canadian ingredients or, when that was not feasible, with non-U.S. products sourced from Europe or Mexico. Leah Russell, the manager of Madison Avenue pub in Toronto, regarded the boycott as an obvious choice. She stated that the decision is "prett
Business Canada

Esther Ige
Musk's X has reportedly consented to a payment of $10 million to resolve the lawsuit filed by Trump.

Musk's X has reportedly consented to a payment of $10 million to resolve the lawsuit filed by Trump.

X has consented to a payment in the vicinity of $10 million to resolve a lawsuit initiated by President Trump concerning the suspension of his account on the social media platform in 2021. The company, previously known as Twitter, removed Mr. Trump from its platform following the events of the U.S. Capitol riot on January 6, 2021, citing his provocative posts and asserting that they could incite further violence. In response, Mr. Trump filed a lawsuit, alleging that Twitter and other technology
Business Lawsuit

Esther Ige
Meta to Pay $25M to Settle Trump Lawsuit Over Social Media Ban
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Meta to Pay $25M to Settle Trump Lawsuit Over Social Media Ban

US President Donald Trump has signed a legal settlement that will see Facebook and Instagram owner Meta pay out roughly $25m (£20m). Trump sued the social media giant and its chief executive, Mark Zuckerberg, in 2021 over the suspension of his accounts after the 6 January Capitol riots that year. In July 2024, Meta lifted the final restrictions on Trump's Facebook and Instagramaccounts in the lead up to US presidential elections. The settlement was first reported by the Wall Street Journal.
Business Ban

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U.S. and Colombia Avoid Trade War Over Deportation Flights
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U.S. and Colombia Avoid Trade War Over Deportation Flights

A dispute regarding the acceptance of flights transporting deportees from the United States nearly led to a trade conflict with Colombia, which ultimately conceded after facing threats of tariffs and other sanctions from President Donald Trump. Colombia had previously denied entry to two U.S. military flights carrying individuals deported by American authorities, with President Gustavo Petro asserting that the migrants were unjustly treated as criminals. In response, on January 26, President T
Business Colombia

Esther Ige
Great Guinness heist: 35,000 pints stolen from a lorry by UK criminals
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Great Guinness heist: 35,000 pints stolen from a lorry by UK criminals

As taps started to run dry, stout-lovers in the UK were left reeling from a Guinness scarcity so bad that some bars had to ration pints of the "black stuff" in the days before Christmas. According to reports, supermarkets are still in danger of running out of stock because of consumers' hoarding, and Diageo, the company that makes the well-known stout, has ordered backup Guinness supplies from Ireland. It has now come to light that criminals seem to have taken even more drastic measures to avo
Business Guinness

Esther Ige
Elon Musk Becomes First Person To Amass $400 Billion Net Worth
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Elon Musk Becomes First Person To Amass $400 Billion Net Worth

Elon Musk has set another record, becoming the first individual in history to reach a net worth of $400 billion, according to Bloomberg. This historic feat comes on the heels of a nearly $20 billion surge in Musk’s wealth, driven by a recent valuation boost for SpaceX. The rocket company’s worth has soared to $350 billion after it and its investors agreed to purchase up to $1.25 billion in insider shares. SpaceX, which rarely comments on media inquiries, has yet to respond to requests for sta
Business Technology

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