The Latest Breaking News from GlobalData

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.

Cost of living crisis and sustainability concerns drive shoppers towards ‘pre-loved’ garments as older buyers join in

Cord-cutting accelerates as penetration will drop from only 42% in 2023 to 32% in 2028 according to GlobalData

The Metaverse market will hit $400B by 2030 but limited use cases will slow adoption, according to GlobalData

UK spending will be lower in real terms than last year as savings have been depleted and inflation remains high, say analysts

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

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

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

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

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

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…