BUSINESS

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The UK has emerged as BYD's largest market outside China, driven by an astonishing 880% increase in sales during September. The Chinese carmaker sold 11,271 vehicles last month, primarily the plug-in hybrid version of its Seal U SUV. The UK's attractiveness stems from its absence of tariffs on Chinese electric vehicles, a factor that distinguishes it from other major markets such as the European Union and the United States.

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Ferrari unveiled details of its first electric sports car on Thursday, announcing the four-seat coupe, dubbed "Elettrica," will boast over 1,000 horsepower and a range of 530 kilometers (329 miles).

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From its peak as one of the largest pharmacy chains in the US with 5,000 stores, Rite Aid's fortunes have dramatically reversed. Founded in 1962, the company has faced financial struggles and a Justice Department investigation in recent years. Following bankruptcy filings in October 2023 and May 2025, data on Friday showed that fewer than 100 stores remain.

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In a significant move, Shein, the Asian fast-fashion leader, is branching into traditional retail by opening its first permanent physical stores in France. Initial locations will be department store concessions in Paris, with further expansion planned to Dijon, Reims, Grenoble, Angers, and Limoges. Shein highlighted France's stature as an "influential global fashion market" as the key factor in its decision. Though it has operated temporary pop-up stores before, this represents a new phase for the digitally native brand.

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Electronic Arts (EA), one of the world’s most recognizable gaming companies, has agreed to a monumental $55 billion (£41bn) sale — a deal set to become the largest leveraged buyout in history.