'It could cost me £10k but I need the money now': Why Gen Z are opting out of pensions

Several self-inflicted mistakes have cost the biggest sportswear brand on the planet in recent years.

At the lavish home of one of Miami's top plastic surgeons, overlooking the Biscayne Bay, some of the wealthiest Cuban-American families in Florida have gathered. They are there to thrash out their vision of Cuba's future at the fourth meeting of the newly created Cuban-American National Chamber of Commerce (CANCC). Rum in hand and Rolexes on wrists, this is Miami's old money. People with well-recognised Cuban-American surnames – like Bacardi and Babun – chat around the pool about the lamentable state of the island's economy, and share titbits of gossip about the latest political rumblings.

Nike is expected to post another quarter of declining sales as the company tries to turn around its business and regain growth in China.

Shares of toymaker Mattel rose Thursday after the Wall Street Journal reported that Authentic Brands Group had expressed interest in buying the toymaker.