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The Latest Breaking News from GlobalData

The U.S. Banking System Is Being Re-Plumbed for Digital Assets. The Hard Part Isn't Crypto

The Depository Trust & Clearing Corporation (DTCC), the back office that settles most U.S. securities trades, plans to start trading tokenized stocks, ETFs, and treasuries this month, with a broader launch in October.

International Business Times

Secondhand clothes sales forecast to hit $289bn as AI helps shoppers find deals

Sites such as Vinted and ThredUp expected to help resale grow twice as fast as overall clothing market in coming years

The Guardian - UK

Game On: the Swiss sports brand using hi-tech and chutzpah to challenge Nike and Adidas

Zurich-based firm taps into latest robot tech to ‘fibre-spray’ high-end sports shoes worn by the likes of Roger Federer

The Guardian - UK

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Renewed zeal for Boxing Day sales expected to ring up £3.8bn for retailers

High streets and online sellers set to benefit as cash-strapped consumers eke out post-Christmas bargains

The Guardian - UK

Three London streets named the best in the UK for independent shops

Factors such as the quantity of independent shops, the street’s vibrancy, and its overall aesthetic appeal were considered

Evening Standard

Will challenger banks start to launch their own mobile networks to keep their customers happy? This may well be a defining trend in 2026

Neobanks are venturing into telecom through MVNO models, using eSIM technology to link mobile connectivity with digital financial ecosystems.

TechRadar

Tesla finally parks in India. But can it survive?

Elon Musk’s EV giant has launched its Model Y in Mumbai, but its $70,000 price tag may be its biggest speed bump.

Al Jazeera

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How "cereal milk" became a flavor

What began as a nostalgic leftover became a dessert phenomenon — and a million-dollar flavor

Salon

‘Not an attractive place to shop’: how Poundland lost its appeal to shoppers

Budget retailer had a pre-tax loss of more than £51m last year and is struggling to lure back customers amid stiff competition from rivals

The Guardian - UK

M&S ‘praying for sun’ but full recovery from cyber-attack unlikely this summer

Shoppers report low availability as retailer prioritises clothing in partial resumption of online services

The Guardian - UK

Dick's Sporting Goods just announced it’s buying Foot Locker for $2.4 billion in a move that could be the CEO's first major mistake

Dick's shares are plunging on news of the deal.

Fortune

Trump Tariffs Fuel US Auto Anxiety

A flood of presidential trade policy announcements has kept US automakers on edge since Donald Trump returned to the White House last month.

International Business Times

US Auto Sales Expected To Rise In November, Consumer Spending To Reach $50B

U.S. auto sales is projected to rise in November amid discounts.

International Business Times

The best UK high streets for independent shops this Christmas, revealed

Across the top 10 hotspots, on average over a third of all business owners are gen Z or millenials

The Independent UK

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The Times of India

Parkinson’s disease to surge to 3.15 million worldwide by 2033, finds report

Parkinson's disease, a brain condition that causes problems with movement, mental health, sleep, pain and other health issues, is growing rapidly. In 2023, the number of cases related to Parkinson's disease was 2.16 million and this is expected to grow up to 3.15 million in 2033.

InsideEVs

Staying 'Flexible' On EVs Could Be A Dangerous Approach

Automakers that choose a flexible approach to the EV transition rather than go full-tilt could face threatening stability issues as plans become underutilized.

The Guardian - UK

Shops and restaurants hope for ‘halo’ effect of Labour win and big weekend of sport

Consumer spending expected to rise during England’s Euro 2024 match and Andy Murray’s Wimbledon swan song

The Independent UK

Waitrose for Tories and Lidl for lefties? What your supermarket reveals about your politics

According to a new poll, Waitrose is now the only major supermarket with majority Conservative customers. Hardly surprising, given it sells celeriac remoulade in its snack range. But, Katie Rosseinsky asks, can we really tell a lot about someone’s politics from their grocery habits?

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Evening Standard

Labour favoured by customers of every supermarket apart from Waitrose, poll finds

A survey has found that only shoppers at Waitrose would prefer the Conservatives to win the general election

The Guardian - UK

Waitrose only major supermarket with majority Tory customers, polls show

Shoppers at Tesco, Sainsbury’s, Morrisons, Lidl and Aldi have all swung to Labour from Conservative since 2019

International Business Times

Swan Song For General Electric As It Completes Demerger

The US conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, is opening a new chapter in its history on Tuesday: its break-up into three independent entities which will then concentrate on their disparate core businesses.

The Guardian - UK

Secondhand clothing on track to take 10% of global fashion sales

Cost of living crisis and sustainability concerns drive shoppers towards ‘pre-loved’ garments as older buyers join in

TV Tech

Less Than a Third of U.S. Homes Will Have a Traditional Pay TV Video Service by 2028

Cord-cutting accelerates as penetration will drop from only 42% in 2023 to 32% in 2028 according to GlobalData

TV Tech

Study: Metaverse Adoption Faces `Uphill Path’

The Metaverse market will hit $400B by 2030 but limited use cases will slow adoption, according to GlobalData

The Guardian - UK

Christmas shoppers to buy fewer and cheaper items this year as cost of living crisis persists

UK spending will be lower in real terms than last year as savings have been depleted and inflation remains high, say analysts

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