Adidas Kanye West's Yeezy shoes 'collectors' items
9 months ago
TLDR: US shoppers are buying Kanye West's Yeezy shoes as collector's items since Adidas ended its partnership with the rapper over anti-Semitic comments he made last year. The US-based shoe chain Impossible Kicks has reported a 30% boost in sales since the two split last October. The retailer has s…
BMW set to make more electric Minis in Oxford
9 months ago
TLDR: BMW is set to invest up to £600m in its Mini factory in Cowley near Oxford to prepare the plant for the production of electric models. The British government has offered £75m to BMW to support the project. The first electric Mini was launched in 2019, but most of the electric vehicles were pl…
Tesco to charge suppliers extra to sell online
9 months ago
TLDR: Tesco will charge suppliers an additional fee for selling their products online, according to an email seen by the BBC. The supermarket said the fee was necessary to cover the increased costs of increased sales online. Although Tesco did not specify the amount of its proposed fees, suppliers …
US bank taken over in biggest failure since 2008
9 months ago
TLDR: Silicon Valley Bank, a key tech lender, has been shut down by US regulators, who have taken control of its customer deposits. The bank had been struggling to raise funds to plug a loss caused by the sale of assets affected by higher interest rates, prompting a rush of customer withdrawals and…
