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Business News- Founder of China’s Evergrande jailed for life after pleading guilty to fraud 20/08/2026Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty finesBusiness live – latest updatesThe founder of Evergrande, one of China’s largest property developers, has been sentenced to life in prison and had all of his personal property confiscated.Hui Ka Yan, 67 and once named by Forbes […]
- Travelodge boss resigns amid criticism over handling of assaults; oil price tops $93 a barrel – business live 20/08/2026Joanna Boydell has quit as budget hotel chain scrambles to improve safetyMeanwhile, the UK’s sports fashion retailer JD Sports has slashed its profit forecasts as cost-of-living pressures, fuelled by the US war on Iran, weighed on sales of trainers.JD Sports, which sells a range of sports brands including Nike and Adidas, said widespread inflation had […]
- We are finally witnessing the decline of corporate Democrats | Robert Reich 20/08/2026Americans are backing progressives not because they want socialism, but because they want candidates who will fight for the working classMost discussions about the Democratic party in this election cycle focus on the remarkable rise of progressive Democrats, such as the Florida state representative Angie Nixon, a democratic socialist who scored an upset win in […]
- Crypto bank part-owned by Trump family offers depositors way to ‘gain favor’ with White House, experts say 20/08/2026Democrats have called World Liberty Trust Company a stark example of corruption but officials claim there is no insider dealingTwo fundamentals underpin the business model of a new crypto bank partly owned by the Trump family, cryptocurrency experts tell the Guardian.World Liberty Trust Company received conditional approval this month from the US office of the […]
- Sales of trainers dive at JD Sports as cost of living pressures bite 20/08/2026Inflation deterring shoppers from spending, especially in the US, says high street chainThe sports fashion retailer JD has cut its profit forecasts as cost of living pressures, fuelled by the US war on Iran, weighed on sales of trainers.JD Sports, which sells brands including Nike and Adidas, said widespread inflation had hit shoppers’ wallets, resulting […]
- Founder of China’s Evergrande jailed for life after pleading guilty to fraud 20/08/2026