5 Things You Need To Know, Today, on Tuesday 26th October 2022
Episode 980, Oct 26, 2022, 05:59 AM
5 Things You Need To Know, Today, on Tuesday 26th October 2022
5. Clothing giant Adidas has cut ties with rapper Ye, known as Kanye West, saying it does "not tolerate antisemitism and any other sort of hate speech".
Adidas's Yeezy brand collaboration with West was put under review, after he showed a "White Lives Matter" T-shirt design at Paris Fashion Week.
(Click here to read more)
4. The popular Ford Fiesta is set to be discontinued as early as next year as costs of parts rise and drivers opt for SUVs.
Ford bosses are expected to announce in the next few days that the production of the Fiesta will end by mid-2023.
(Click here to read more)
3. Sales at the tech giant Alphabet have slowed sharply, adding to fears of a downturn in the economy marking the US firm's weakest quarterly growth in nearly a decade outside of the start of the pandemic.
Alphabet, which owns Google and YouTube, said sales rose just 6% in the three months to September, to $69bn, as firms cut their advertising budgets.
(Click here to read more)
2. It is too expensive for governments to help everyone with their soaring energy bills, the World Bank has warned.
The bank's president said Covid support schemes had not been targeted enough towards the most vulnerable and the debt will take decades to pay off.
(Click here to read more)
1. The pound has hit its highest level since mid-September, as investors welcomed the appointment of Rishi Sunak as prime minister and the dollar fell.
Sterling surged by 1.9% to $1.149 on Tuesday - the highest it has been since before Liz Truss's mini-budget.
(Click here to read more)
5. Clothing giant Adidas has cut ties with rapper Ye, known as Kanye West, saying it does "not tolerate antisemitism and any other sort of hate speech".
Adidas's Yeezy brand collaboration with West was put under review, after he showed a "White Lives Matter" T-shirt design at Paris Fashion Week.
(Click here to read more)
4. The popular Ford Fiesta is set to be discontinued as early as next year as costs of parts rise and drivers opt for SUVs.
Ford bosses are expected to announce in the next few days that the production of the Fiesta will end by mid-2023.
(Click here to read more)
3. Sales at the tech giant Alphabet have slowed sharply, adding to fears of a downturn in the economy marking the US firm's weakest quarterly growth in nearly a decade outside of the start of the pandemic.
Alphabet, which owns Google and YouTube, said sales rose just 6% in the three months to September, to $69bn, as firms cut their advertising budgets.
(Click here to read more)
2. It is too expensive for governments to help everyone with their soaring energy bills, the World Bank has warned.
The bank's president said Covid support schemes had not been targeted enough towards the most vulnerable and the debt will take decades to pay off.
(Click here to read more)
1. The pound has hit its highest level since mid-September, as investors welcomed the appointment of Rishi Sunak as prime minister and the dollar fell.
Sterling surged by 1.9% to $1.149 on Tuesday - the highest it has been since before Liz Truss's mini-budget.
(Click here to read more)