Nike is set to raise prices on some trainers and clothing in the US from early June, weeks after rival Adidas warned it would have to hike the cost of products due to tariffs.
Legendary British designer Sir Jony Ive, who helped create the Apple iPhone, is joining forces with OpenAI, as the artificial intelligence (AI) firm sets its sights on developing hardware.
US retail chain Target has slashed its expectations for the year after a sharp fall in sales which it blamed on a “highly challenging environment” amid the introduction of trade tariffs.
Millions of shoppers could get up to £70 each after a tribunal approved a settlement in a lawsuit against Mastercard which stemmed from historic fees levied on businesses by the card provider.
The world’s largest electric vehicle (EV) battery maker has seen its shares jump on their first day of trading in Hong Kong, as it made the biggest initial public offering (IPO) so far this year.