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Indrabati Lahiri

Business

European cannabis firms look to list in the US as it eases controls

Cannabis could be moved from the stringent Schedule 1 classification of the Controlled Substances Act (CSA) to the relatively less regulated Schedule 3, in view of its medicinal and pharmaceutical properties and usages.

Markets

Coffee prices likely to keep heating up due to 'terrible' EU rules

The criticism from Lavazza boss Giuseppe Lavazza comes on top of already-raised prices due to the affects of drought on coffee harvest and the ongoing Red Sea crisis which has hit coffee deliveries to Europe.

Markets

Price rises brewing for tea drinkers as extreme weather hits harvests

Extreme weather events such as floods and droughts are especially disruptive to tea production, as the crop often relies solely on rain for its water needs, with little facilities for irrigation and water processing.

Business

Vivendi reportedly considering London listing for Canal+ channel

The French media giant's shares rose on reports that it may be exploring a London listing for its Canal + channel in what could prove to be a much needed boost for the London Stock Exchange.

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Business

Delta becomes latest airline to warn of profit hit due to Olympics

Back on 1 July, the Air France-KLM group also issued a similar profit warning about the Paris Olympics, preparing itself for a €180 million blow to revenue.

Business

Formula 1 turns to AI to speed up connections with worldwide fan base

F1 is teaming up with Amazon Web Services to provide data-rich info for fans to help create meaningful insights, as well as using the technology to make the sport more competitive.

Business

UK's FCA shakes up listing regulations to attract more companies

The move comes as the London Stock Exchange has been struggling for several months to retain companies looking to leave the UK and list in more welcoming markets such as the US.

Business

Private equity bosses ponder leaving UK over Labour tax rise fears

Labour’s plans to close the “carrying interest” private equity sector loophole has led to several funds and executives considering moves to countries with more beneficial tax regimes, such as Italy and Spain.

Business

Mulberry hopes to bag a winner with new CEO after sales fall

Mulberry's share price has fallen 39% since January, amid a global decline in the luxury sector, mainly driven by shoppers from Asia cutting back.

Markets

Germany’s sale of seized Bitcoin could be dampening BTC prices further

The German government seized a quantity of Bitcoin cryptocurrency from Movie2K, a film piracy website in January. Since it started selling off the confiscated bitcoin, prices have fallen by 15% with some fearing that the slump may continue.

Business

Volkswagen hits back at EU tariffs on Chinese electric vehicles

German auto manufacturers such as Volkswagen and BMW have increasingly warned about the potential adverse effects of EU tariffs on the European auto industry’s competitiveness down the line, as well as their own operations in China.

Business

The Body Shop’s French subsidiary takes a step closer to liquidation

Several other UK high street brands have also gone into administration recently, including Debenhams and Topshop, due to higher interest rates, the cost of living crisis and increasing inflation seen in the UK over the last several months.

Economy

UK investors 'not satisfied' with portfolio performance - says report

Many UK investors have been dissatisfied with their portfolio performances over the last year, according to new research by investment firm RAW Capital Partners.

Business

Germany halts the planned sale of VW's gas turbine business to China

This move, although made to protect Germany and the EU’s sensitive technology, has also raised concerns about Germany’s competitiveness in the international market.

Economy

New report warns that the price of basic foods could soar by 2030

The price of olive oil and baked beans, among other basic products, could dramatically rise over the next few years, according to new research by the online shopping platform BravoVoucher.

Business

Return to sender: Royal Mail hits back over postal vote delay

Royal Mail comes in for criticism over delays in sending out ballot papers for UK postal voters. It says the "surprise" timing of the election is to blame.

Business

Air France set for €180 million hit as tourists avoid Paris Olympics

Tourists are being put off by the idea of large crowds and hotel price hikes expected in Paris during the 2024 Olympics.

Business

Revolut CEO hopeful that UK banking licence is coming soon

The fintech company saw record full-year pre-tax profits in 2023, and hopes that will help convince the UK authorities to grant it a banking licence.

Business

Sanofi eyes €1.3 billion investment in insulin drug plant in Germany

Other healthcare companies such as Daiichi Sankyo have also announced investments in Germany recently, in a positive sign for the ruling coalition government.

Economy

German inflation sees fall in June after May's surprise rise

The latest figure may reassure investors that Germany's inflation is still on a downward trend, despite May's surprise spike.

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