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Law & Politics

Mattel rejects merger bid from MGA Entertainment

Mattel has rejected another merger offer from MGA Entertainment’s CEO Isaac Larian, the boss of the Bratz Dolls maker revealed earlier this week. Now widely reported across business media, MGA Entertainment made the proposal in a letter to Mattel’s CEO Ynon Kriez, but was rebuffed in a response that stated …

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“Unsustainable” business rates system needs reform, says Tesco boss Dave Lewis

The boss of Tesco has called on internet retail giants like Amazon to pay new sales tax to support shops on the British high street, warning that the current business rates system is ‘unsustainable.’ Dave Lewis, who has been the CEO of Tesco since 2014, suggested in a piece written …

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Trump raises tariffs on Chinese imports to 25 per cent as trade war escalates

The US has doubled tariffs tariffs on $200bn worth of Chinese products, escalating the ongoing trade war to a whole new level. Tariffs on affected Chinese goods have risen to 25 per cent from 10 per cent, while Beijing has vowed to retaliate, China has said it “deeply regrets” the …

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Trump threatens 25 per cent tariffs on all China exports as trade war raises its head again

Talks purporting to the raise of further tariffs on Chinese imports have emerged from the White House once again, sending financial markets across the globe into a decline. The surprise tweets from Donald Trump suggesting the move saw stocks in Europe and the US fall, following a sharp retreat in …

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Police bust ‘fake LEGO gang’ in China with £30m seize

Chinese authorities have busted a gang accused of making and selling $30million worth of counterfeit LEGO. Officers raided a Chinese toymaker which was allegedly manufacturing fake LEGO products in the city of Shenzhen, with four people now arrested. According to the BBC, more than 630,000 finished products were seized, including …

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Spin Master wins Bakugan patent case against infringing Chinese company

Toymaker and children’s entertainment company, Spin Master has won its patent case against the Chinese firm Suzhou Hongstu Film Animation over its Bakugan property. The Canadian toy firm succeeded in its claim that Hongstu had infringed Spin Master’s Bakugan patent with its derivative Sky Warriors toys. In September 2017, Hongtu launched …

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Sainsbury’s and Asda merger blocked by CMA

The Competition and Markets Authority, the UK’s competition watchdog, has blocked Sainsbury’s and Asda’s £10bn merger. The body blocked the move by the UK grocery giants after finding that it would lead to increased prices in stores, online and across petrol stations. The CMA said that it believed shoppers would …

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Britain’s consumer spend is rising despite Westminster and Brexit turmoil

Britain’s consumer spending has grown 1.1 per cent in March, despite the fears that the still ongoing Brexit drama would send it plummeting further. Figures from the Office for National Statistics show that consumers might have just shrugged off recent political events to ignore Westminster’s turmoil and hit the high …

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Dangerous toys ‘could flood the UK’ after Brexit if EU Safety Gate system is blocked, says Which?

Dangerous cars, electrical goods and toys could flood into the UK after Brexit unless the government reforms the current “failing” safety enforcement system, the consumer group Which? said today. The group has said that UK consumers will be ‘vulnerable to delays in spotting and dealing with unsafe products’ if access …

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Kickstarter project Solar City bankrupted as ‘CEO flees country’

The team behind a Kickstarter backed board game set in a sustainable future of 2035 has fallen into disarray following the disappearance of its president. Games Factory secured just over $95,000 in June last year for its tabletop title Solar City, a sci-fi board game that puts players in charge …

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