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UK’s blue-chip index reaches 8,076, surpassing previous high of 8,047 in February 2023Business live – latest updatesThe UK stock market hit a record high on Tuesday, as shares were lifted by hopes of interest rate cuts and an easing of geopolitical tensions.The FTSE 100 index of blue-chip stocks listed in London hit 8,076 points on Tuesday, surpassing a previous high of 8,047 in February...

Company founded in China and promoted on social media is thought to be considering London listingShein, the online fast fashion retailer founded in China, has more than doubled its profits to more than $2bn (£1.6bn) as it awaits approval for a stock market listing in New York or London.The company, which is growing rapidly around the world by using social media to promote its...

Xiaomi CEO Lei Jun said the standard version of the SU7 will sell for 215,900 yuan ($30,408) in the country — a price he acknowledged would mean the company was selling each car at a loss.Tesla's Model 3 starts at 245,900 yuan in China.Lei claimed the standard version of the SU7 beat the Model 3 on more than 90% of ...

Regulator acts after identifying concerns of possible greenwashing during review of fashion sectorShares in the British packaging group DS Smith rose after it announced that it is in discussions with a New York-listed paper producer over a £5.7bn takeover offer.London-based DS Smith confirmed that it is in talks with International Paper, the largest paper and pulp company in the world, over an all-stock offer...

Plan approved by vote of shareholders in Digital World Acquisition, with which Trump’s business sought to combineExplainer – How does Trump stand to make $3bn from Truth Social on the market?Investors approved plans to take Donald Trump’s social media platform public on Friday, netting the former president a paper fortune of $3bn.Trump Media & Technology, the firm behind his minnow social network Truth Social,...

Platform to make its debut on New York stock exchange on Thursday with a market value of $6.4bnReddit will enter a new era as a publicly traded company with a market value of $6.4bn after the social media platform’s initial public offering was priced at $34 per share.The price, announced late on Wednesday, came in at the top of the target range set by...

"For real estate companies that are seriously insolvent and have lost the ability to operate, those that must go bankrupt should go bankrupt, or be restructured, in accordance with the law and market principles," Ni Hong, Minister of Housing and Urban-Rural Development, said at a press conference Saturday.That's acc...

Chancellor hints at tax-free plan for budget as part of efforts to revive country’s stock marketThe chancellor, Jeremy Hunt, has hinted at plans to launch a tax-free “British Isa” investing in UK company shares at the spring budget, as part of efforts to revive the country’s stock market.A British stock Isa would allow investors to buy a certain amount of UK company shares, without...

Social media users get around government crackdown on negativity via US embassy conservation updateA social media post about giraffe conservation has become the latest place for people in China who are unhappy about the economy to vent their frustration, as the Chinese government increasingly cracks down on negative commentary.On 2 February, the US embassy in China posted an update on its Weibo account about...