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Credit binge sees UK shoppers use debt to buy TVs, milk

  Bloomberg The highest increase in consumer debt in over 18 years appears to have helped the UK’s retail sector, as Britons borrow to buy products ranging from high-ticket electronic items to basics such as milk. A borrowing binge has taken off in the UK with credit card activity rising at its fastest pace since March 2004, an increasing number ...

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Apple’s iPhone dominated China despite disruptions

  Bloomberg Apple won its biggest quarterly market share in China, outrunning Covid disruptions and a global economic slowdown. The Cupertino, California company accounted for nearly 24% of China’s smartphone sales in the last three months of 2022, according to Counterpoint Research data. It topped all manufacturers in the quarter, becoming the second-biggest seller in the country on an annualised ...

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Lionel Messi’s clothing line swings again

  Bloomberg MGO Global Inc., the manager of a clothing and lifestyle brand for football star Lionel Messi, is encountering another high-volume wave of price swings in the first day since its volatile debut. Retail traders have been actively discussing MGO Global in online forums. The stock is among the 15 most-traded assets on Fidelity’s platform in New York and ...

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