Business

Illegal meat on most UK high streets, official says

Illegal meat on most UK high streets, official says

Post-Brexit border checks are failing to prevent illegal meat imports, risking disease spread. Checks aren't enforced, funding is ending, says Dover port health.

Ghana wants more for its cashews, but it's a tough nut to crack

Ghana wants more for its cashews, but it's a tough nut to crack

Ghana exports raw cashews but misses profits from processing them locally. High interest rates & lack of infrastructure hinder growth. Demand is key.

Estée Lauder to cut thousands of jobs, warning of tariff impact

Estée Lauder to cut thousands of jobs, warning of tariff impact

Estée Lauder doubles layoffs (up to 7,000) citing Trump's tariffs and inflation as key factors impacting costs & global operations.

Barbie maker Mattel warns Trump tariffs may drive up prices

Barbie maker Mattel warns Trump tariffs may drive up prices

Mattel may raise US prices due to Trump-era tariffs on Chinese imports (40% of production). They'll adjust supply chains. Sales slow, stock rises.

US Postal Service stops accepting parcels from China and Hong Kong

US Postal Service stops accepting parcels from China and Hong Kong

USPS suspends package acceptance from China/Hong Kong until further notice, impacting e-commerce. Tariffs & "de minimis" loophole cited. China retaliates.

Multiply Group's EBITDA grows 15 percent to record $508.31 million

Multiply Group's EBITDA grows 15 percent to record $508.31 million

Multiply Group's 2024 EBITDA rose 15% to AED 1.9B. Net profit hit AED 1.04B (excl. fair value changes). Revenue grew 56% through acquisitions and organic growth.