Trending Business News
Inside the Chinese fraud rings stealing billions from banks and retailers
Chinese organized crime rings are conducting large-scale tap-to-pay fraud schemes targeting U.S. retailers, potentially earning up to $1 billion annually through stolen credit cards and gift card purchases.
Andy Burnham: Five headaches for the incoming prime minister
Andy Burnham will inherit five major policy challenges including disability benefits costs projected to rise to £78bn annually by 2030, defence spending pressures, social care system reform, housing shortages, and rising youth unemployment rates.
UK economy returns to growth in May
The UK economy expanded by 0.1% in May after contracting in April, with service sector growth offsetting declines in production and construction amid Middle East conflict disruptions.
Who is frontrunner to be the UK’s next chancellor?
Andy Burnham becomes UK prime minister following Keir Starmer’s resignation, with multiple senior Labour figures positioned as potential candidates for the chancellor role.
Wessex Water chief pockets above-inflation pay rise despite bonus ban over sewage spills
Wessex Water’s chief executive received a 14% salary increase to £670,000 despite the company facing a bonus ban over sewage spills, raising fresh concerns about water industry executive pay.
Why are UK fuel prices rising again?
UK fuel prices are rising again after collapse of US-Iran peace talks, with crude oil prices climbing back to around $87 per barrel following earlier gains from a June framework agreement.
Berry tough: Ribena seeks to make hardier blackcurrants to beat extreme weather
Ribena’s owner is investing £200,000 to help blackcurrant bushes withstand extreme weather as this year’s UK harvest falls about 10% below average due to wet winters, spring frosts, and summer heat.
Brewdog founder James Watt faces data complaints over efforts to buy back firm
Brewdog co-founder James Watt faces UK data protection complaints after allegedly contacting former shareholders while attempting to buy back the craft brewer from current owner Tilray.
South East Water warns over survival as funds dry up
South East Water warns of material uncertainty regarding its survival after a difficult year marked by outages, fines, and leadership departures, stating it needs new loan facilities by mid-2027.
‘How’s this joker got my details?’: BrewDog founder faces complaints over emails to ‘equity punks’
BrewDog founder James Watt faces data privacy complaints after contacting thousands of former crowdfunding investors about a bid to repurchase the company, with concerns raised over how he obtained their contact details.
Neglected software update caused widespread Telstra network outage, CEO tells Senate inquiry
Telstra’s CEO told a Senate inquiry that a neglected software update on a time-keeping server caused last week’s nationwide network outage affecting 45% of calls and data sessions.
Democrats allege Trump administration stalled US-Canada bridge opening as a favor to billionaire donor
The Trump administration delayed opening a $4.7 billion bridge between Detroit and Windsor, Ontario, with Democrats alleging the stall was a quid pro quo for a billionaire donor who owns a competing crossing.
Nationwide customer vows to fight on after failed attempt to join board
James Sherwin-Smith secured 12.5% support in a bid to join Nationwide’s board but fell short of the 50% threshold needed. He vowed to launch fresh campaigns for governance reforms.
Dale Vince to get damages from Daily Mail publisher over misleading article
A court of appeal has ruled that the Daily Mail must pay damages to green energy entrepreneur Dale Vince over an article that used his photo alongside a headline about a different donor.
Inflation cools to 3.5% in June in relief brought by brief US-Iran peace deal
US inflation cooled to 3.5% in June, with a temporary US-Iran ceasefire helping lower energy prices, though tensions have since resumed and prices are climbing again.
The legal fight to get equal pay for Germany’s disabled workers
A German court case seeks to determine whether disabled workers in sheltered workshops should be classified as employees entitled to minimum wage protections, potentially affecting hundreds of thousands of people.
Is Germany looking again at coal-powered electricity?
Germany faces pressure to reconsider its coal phase-out plan due to rising global gas prices and energy security concerns, though government coalition partners remain divided on the issue.
How the High Street became a window on our political instability
A BBC investigation reveals organized crime has infiltrated British High Streets through money-laundering fronts, with over 3,600 shops seized for illegal goods during 2024-25, while visible criminality and store closures fuel political discontent.
The threat to summer holidays looming with jet fuel shortages
Jet fuel prices have surged dramatically following Middle East conflict, raising concerns about potential shortages during the peak summer travel season and threatening to disrupt holidays across Europe.
Chinese automakers are taking on the UK — and many Brits are embracing it
Chinese automakers are rapidly gaining market share in the UK, with sales surging from 384 vehicles in 2015 to over 285,000 last year, driven by competitive pricing and advanced technology.
How big is the great wealth transfer? It could be over $100 trillion or $36 trillion
Two studies offer conflicting estimates of the coming wealth transfer from baby boomers: Visa projects $36 trillion over 20 years, while Cerulli Associates estimates over $100 trillion by 2048.
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Business Articles
The Difference Between Repairing Something and Restoring It
The words repair and restore are often used interchangeably, but they describe two very different approaches to solving a problem. Both involve fixing something that has been damaged, worn, or neglected. Both require skill, knowledge, and effort. Yet the goals behind...
Autonomous Rideshares Continue to Grow in the US
Artificial intelligence is transforming the way people interact with their computers and other smart machines. How much will it also affect the way the public commutes to work, school, and elsewhere? Leading the change are well-known companies, such as Waymo and...
Making Streets Safer for Pedestrians
One of the best ways to reduce traffic and create healthier communities is by ensuring that our streets are safer for pedestrians so that they feel comfortable walking as opposed to getting into their car. In some places, pedestrians might not even feel safe walking...
Considering a US Employment Visa: Understanding Your Options
According to the United States' Bureau of Consular Affairs, the U.S. makes approximately 140,000 permanent worker employment-based visas available every year in addition to many temporary worker visas. Yet, since the presidential inauguration on January 20, 2025,...