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...In comparison, Apple sold 1.4mn iPhones in its first year on the market....
...Four months ago the pensions sector was struck by a liquidity crisis, triggered by September’s bungled mini-Budget, which exposed weakness in some of the largest LDI funds....
...Uniqlo accused Shein of copying a Round Mini Shoulder bag last month, heralding a new phase in the battle against Chinese counterfeits....
...Vanguard has made inroads in the UK markets since it started selling funds directly to British buyers in 2017, adding 100,000 new clients so far this year....
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...A new owner solves the problem of the junk credit rating instantly and, Kelly believes, the mark-to-market losses on the loan portfolio are unlikely to be so large as to make a sale impossible....
...A Citi trader last month made erroneous trades on European stocks, a move later blamed for causing a mini flash crash....
...One mini-scoop to start. Formula One has appointed Emily Prazer as chief commercial officer....
...And that wasn’t the only mini-drama....
...Additional reporting by Gary Silverman in New York...
...Another, more intriguing factor: the chief executive of Walmart said that new injectable diet drugs were having a small but noticeable negative impact on grocery purchases....
...The same forces that have driven AWS to reach 70% of AMZN total EBIT can work at Tesla, in our view, opening up new addressable markets that extend well beyond selling vehicles at a fixed price....
...(Armstrong & Wu) One good read How protectionist are the US’s new industrial subsidies? In the grand scheme of things, not very, writes Michael Pettis....
...His grandsons are not much older than my nephews and the shares in their mini-portfolio are brands they can identify with, such as Hollywood Bowl, Greggs and Sainsbury’s supermarket....
...But Wall Street’s verdict on the Thursday and Friday mini-rally, or at least that of a few big-name strategists, is in: not convinced....
...This had hit market confidence and the credibility of the policy framework....
...As Chris Giles, Colby Smith, and Martin Arnold write, global central banks are entering a new phase in their battle with inflation....
...Grabbing their attention requires something new....
...A number of schemes have also re-evaluated more illiquid investments since the crisis caused by the UK government’s ill-fated “mini” Budget in September....
...Jeremy Hunt has established a new Economic Advisory Council in a little-noticed element of the new chancellor’s fiscal plan that swept away most of the unfunded tax cuts from last month’s “mini” Budget....
...It comes as officials in Europe assess the implications of the UK’s pensions and bond market chaos last month, when Westminster’s “mini” budget prompted a financial crisis....
...Asset managers have cut sharply the amount of debt supporting pension scheme investment strategies after market turmoil triggered by the UK government’s “mini” Budget....
...“I would say that might be the dawn of a new age for LDI, including in the dollar space,” said Wiedman. “We’ll see....
...Incidentally, a plethora of media outlets (inc....
...Tech tools — Logitech MX Mechanical Logitech has expanded its Master Series of high-end peripherals with two new mechanical keyboards — the full-size MX Mechanical and minimalist MX Mechanical Mini — and...
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