Asos optimistic about turnaround despite £380m loss
Asos has expressed confidence in its recovery strategy despite reporting a £380 million pre-tax loss for the past financial year. The online fashion retailer has halved its inventory levels since 2022 and shifted focus to full-price sales, aiming to improve profitability.
Electric car prices slashed as manufacturers push to meet zero-emission targets
Electric car sales surged by 24% in October, capturing over 20% of the new vehicle registrations market, thanks to extensive discounting by manufacturers eager to meet government zero-emission targets. According to the Society of Motor Manufacturers and Traders (SMMT), new car
Jobless rate set to rise’ as experts warn of National Insurance hike impact
Experts from the National Institute of Economic and Social Research (NIESR) have cautioned that the recent increase in employers’ national insurance contributions (NICs), announced in Chancellor Rachel Reeves’ budget, will likely lead to higher unemployment. NIESR has described the NICs increase
Senator-elect Schiff vows to protect democracy without naming Trump
LOS ANGELES — Adam Schiff, who rose to prominence as the Democrats’ leading anti-Trump voice in the House, easily clinched a promotion to the Senate on Tuesday. But his victory speech in downtown Los Angeles was more somber than
Dem Josh Riley topples House Republican in crucial upstate New York district
NEW YORK — Attorney Josh Riley clinched a crucial win for House Democrats on Tuesday night, unseating freshman Rep. Marc Molinaro in a nasty upstate New York showdown. The upset came after Molinaro defeated Riley in 2022 by fewer than