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Retailer Very reports strong Black Friday and Christmas sales

Business | Business News Strong demand for games consoles helped online retailer Very notch up strong festive sales despite a “challenging” market. The best-selling items included Sony’s PS5 and Microsoft’s Xbox Series X , as well as Marc Jacobs perfumes. Sony recently announced it has sold 50 million PS5 consoles since its launch in late 2020. Toys, gifts, beauty and electrical products helped grow Very sales by 3.4% year on year. Electrical sales increased by 7.4%, but home sales were down by 2.9% and fashion and sports items decreased by 3.9%. Very Group chief executive Lionel Desclee said: “Our team delivered a brilliant range…

Women in shipping: Panama’s pioneers

Women have fought and gained their space in executive positions in the Panamanian maritime sector: In government entities, guilds, law firms specialised in ship registration, port operations, auxiliary services, logistics companies, shipping lines and foreign companies related to the sector. Maritime companies are no longer a male-only sector and women’s participation is growing constantly. A selected few have created their companies or own them by inheritance becoming their general managers. They are decision-makers, renowned responsible professionals well respected by their male colleagues. As we write this chapter, the…

City on watch for recession as latest growth data looms

Business | Business News The official verdict is looming on whether or not the UK’s faltering economy is moving nearer full-blown recession, and it is likely to add to calls for interest rate cuts to help flatlining growth. Mortgage holders, first-time home buyers, City traders and politicians are all braced for gross domestic product data due on Friday morning at 7.00 am. Experts expect that value of all the goods and services produced by the economy in November will remain around the flatline – showing growth of just 0.1% year-on-year – leaving it on the brink of shrinking. The forecast for such narrow growth comes after data for…

Earnings and economic recovery will come through this year, says Nancy Curtin

Nancy Curtin, Global Chief Investment Officer at AITi Tiedemann Global, discusses inflation, earnings expectations, and the markets.

Stardust Power Selects Muskogee, Oklahoma, to Build Battery-Grade Lithium…

GREENWICH, Conn., and TULSA, Okla., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Stardust Power Inc. (“ ” or the “ ”), a development stage American manufacturer of battery-grade lithium products, announced today that it has selected Southside Industrial Park in Muskogee, Oklahoma to build a new battery-grade lithium refinery, and is expected to be eligible to receive up to $257 million in state and federal economic incentives for the facility build-out. The Company may also be eligible for further federal grants and or incentives offered by the Department of Energy and the Department of Defense. Stardust Power selected Muskogee, Oklahoma for…