The National Football League has signed sponsorship agreements with three gambling companies, the league’s first foray into legal sports wagering and the latest sign of the industry’s rapid growth in the US. The American football league has contracted with Caesars Entertainment, DraftKings and FanDuel to operate retail and online... Read more

First-quarter sales at three of L’Oréal’s four businesses have exceeded levels from before the Covid-19 pandemic, putting the world’s biggest cosmetics maker on track for recovery this year. The French company benefited from strong growth in China, where consumers have put the pandemic behind them to push sales up... Read more

Global equities pushed to record highs and Treasuries rallied following the release of upbeat economic data in the US and reassurances that the Federal Reserve would continue to support financial markets. US retail sales in March rose by the most in 10 months while the number of Americans filing... Read more

A new study from researchers at Oxford University has found that people who contract COVID-19 are at far higher risk of developing blood clots than people who receive COVID-19 vaccines, further bolstering the case for vaccine use. The study, which was published in preprint form on Thursday, meaning it... Read more

Turkey’s central bank has left its benchmark interest rate unchanged at its first rate-setting meeting since a new governor was installed, but signalled that it could loosen policy if inflation showed signs of slowing. The monetary policy committee, chaired by Sahap Kavcioglu since his surprise appointment last month, kept... Read more

China’s most outspoken billionaire has gone silent. No one has seen Jack Ma at the business school he founded. Nor at his tai chi studio. His raucous speeches headlining an annual meeting of entrepreneurs in his home province of Zhejiang have been put on hold.  Since Chinese President Xi... Read more

A trillion here, a trillion there and pretty soon you are talking real money. Were the US Internal Revenue Service to collect all that it is owed under current law, the $1tn yearly shortfall would pay for Joe Biden’s infrastructure bill four times over. Most of this evasion is... Read more

Activist hedge fund Elliott Management has built a multibillion-pound stake in UK drugmaker GSK, setting up a potential battle over the company’s future after it underperformed peers and lagged in the race to develop a Covid-19 vaccine.  The stake taken by Elliott, the $42bn fund known for its campaigns... Read more

Boasting sharp new styling inside and out, and a new range-topping Calligraphy trim that serves as a “serious alternative to a similarly sized SUV from a luxury brand,” the redesigned Hyundai Santa Fe easily earned a spot on our list of best new cars for 2021. In highlighting the best... Read more

After more than a decade marked by economic and financial crises, Greece is looking to rebuild its economy with a plan to spend billions of euros from the EU’s post-pandemic recovery fund, and in the process to transform its industrial model, attract foreign investment and mend public finances.  Kyriakos Mitsotakis,... Read more