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The Latest Breaking News from GlobalData

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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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.

InsideEVs

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 Guardian - 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?

The Independent UK

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

Evening Standard

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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

The Guardian - UK

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.

International Business Times

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

The Guardian - UK

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

TV Tech

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

The Guardian - UK

Why consumers are passing up electric vehicles for a different kind of car

Buyers looking to go electric are seriously considering something else.

The Street

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Chicago Sun-Times

Rosalind Brewer out as Walgreens CEO

Her departure after less than three years comes after a tumultuous time that included COVID-19 disruptions and corporate layoffs.

TV Tech

U.S. SVOD Revenues Expected to Equal Pay-TV Revenues by 2027

GlobalData report predicts pay-TV penetration will decline from just under 50% today to just 33% in the next five years

The Guardian - UK

Cheap, cool and kind to nature: how secondhand became UK fashion’s main attraction

Gen Z, influencers and celebrity stylists like Harry Lambert are changing the way we buy clothes

The Guardian - UK

Made.com: symbol of the pandemic punt that popped post-Covid

Founders, early backers and banks won big in the craze for buying online retailers but investors at THG, Deliveroo and Virgin Wines lost out

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The Guardian - UK

Buy now, try later: online clothing sales boom raises qualms over returns

With more than half of clothes bought online but returned, questions are being asked about the environmental cost

Asharq Al-Awsat

India Bans Many Single-use Plastics to Tackle Waste

India imposed a ban on many single-use plastics on Friday in a bid to tackle waste choking rivers and poisoning wildlife, but experts say it faces severe headwinds from unprepared manufacturers and consumers unwilling to pay more. The country generates around four million tons of plastic waste per year, about…

Benzinga

Disney Unveils $110K Luxury Tour Package: What You Need To Know

The Walt Disney Co. (NYSE: DIS) is making a pitch to luxury travel aficionados with a global tour package that encompasses all 12 of the company’s theme parks plus stops at iconic historic sites and the company’s film production epicenter.

Bangkok Post

Samui Jazz fest returns

Samui Summer Jazz 2022 music festival returns this year to Koh Samui after an eight-year hiatus. Tickets for the six-night programme from June 7-12 are available online through samuisummerjazz.com or the Google Form forms.gle/X2HDVBx9yfRq9KKL9.

People

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