Business

The Birkenstock sandal is recognisable for its big buckles, wide-straps, and cork-made sole. But the shoes do not qualify as works of art, Germany’s highest civil court has ruled. The German shoe company had filed a lawsuit against three competitors who sold sandals that were similar to its own, by claiming its products “are copyright-protected
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Nigel Farage has given up sole control of Reform UK, with the party’s members now being “handed over ownership” following a vote last year, according to its chairman. The party, led by Mr Farage, was previously controlled by the Clacton MP as he held a majority of shares in the company. According to the party’s
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Regulators have proposed sweeping changes for the baby formula industry, saying high prices and branding are leading to “poor outcomes” for parents. The Competition and Markets Authority (CMA) found many brands cost more than the weekly value of people’s benefits, leading some parents to forgo food to buy formula. The report was released nearly two
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Deep under the Bank of England, in a network of vaults into which cameras are rarely admitted, sits the world’s second biggest known trove of gold. Once upon a time the Bank’s vaults stored bullion owned by the Crown but these days they serve mostly as a repository for other central banks and private banks
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