Trending Business News
Why airlines are warning over lithium-ion batteries
Airlines are intensifying warnings about lithium-ion batteries on flights after multiple incidents including a fire in June and a destroyed aircraft in January 2025.
Shein faces existential threat as tariffs hit low-price model, putting new focus on services
Shein faces growth challenges in the U.S. and Europe after tariff exemptions ended, forcing price increases that have reduced sales and profitability as it prepares for its Hong Kong IPO.
Zero hours crackdown could cost firms £2.9bn a year
Labour’s crackdown on zero hours contracts could cost businesses up to £2.9bn annually, according to government analysis, though some estimates suggest broader economic benefits.
Feds probe ‘mention markets’ amid White House Kalshi controversy
Federal regulators are investigating prediction market ‘mention markets’ where bettors wager millions on speakers’ word choices. Kalshi has removed sports-related mention markets following the inquiry, though political betting remains available.
US says dozens of countries helped China dodge Trump’s tariffs
The White House reported that over 40 countries helped China circumvent US tariffs by routing exports through nations with lower import duties, potentially moving between $30 billion and $300 billion in goods.
Summer jobs bounce back in UK thanks to busy calendar of sport and music
UK summer job market rebounds significantly due to warm weather and major sporting and cultural events, with hospitality and tourism sectors showing double-digit growth in seasonal hiring.
UPI: India built a digital payments miracle. Now comes the bill.
India is moving toward introducing merchant fees on its UPI digital payments system after a decade of free transactions, potentially affecting the network that enabled rapid adoption across 550 million users.
JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks
JP Morgan’s Jamie Dimon urges UK Chancellor John Healey against imposing a windfall tax on banks, warning higher levies could reduce jobs and damage the business environment.
Virgin Trains gets go ahead to run services to Europe in new blow to Eurostar monopoly
Virgin Trains has secured track access approval to run up to 20 daily services between London and continental European cities starting in 2030, challenging Eurostar’s three-decade monopoly on cross-Channel rail routes.
The £5 coffee that tells a story of global economic turmoil
Coffee prices have surged globally, with UK consumers now paying £4-£5 for specialty beverages, reflecting supply chain disruptions from climate events, Vietnam’s drought, Brazil’s frost damage, and tariff impacts.
How the High Street became a window on our political instability
A BBC investigation across the UK found brazen criminality on High Streets, with over 3,600 shops seized with illegal goods in 2024-25, reflecting broader issues affecting British politics and voter behavior.
How AI is changing jobs in the Philippines’ outsourcing industry
Artificial intelligence is disrupting the Philippines’ outsourcing industry, which employs 1.9 million workers and generates $40 billion annually. Former employees report being replaced after training AI systems, raising concerns about automation in emerging economies.
Cyclospora fears lead consumers to lose their appetite for salads
A cyclospora outbreak linked to contaminated lettuce has triggered significant drops in salad sales across restaurant chains and grocery stores this summer, with some chains implementing food safety reassurance campaigns.
Bob Iger, Joshua Kushner buy Los Angeles Lakers at a $12.5 billion valuation, source says
Joshua Kushner and Bob Iger have acquired the Los Angeles Lakers from Mark Walter at a $12.5 billion valuation, less than a year after Walter’s initial purchase.
Burnham urged to crack down on gig economy firms to protect 4m workers
Labour is being urged to crack down on gig economy firms accused of denying 4 million workers key employment rights through widespread misclassification practices.
Interest rate dilemma for central banks as inflation rises but growth slows
Central banks face a policy dilemma as inflation remains above targets while economic growth slows and Middle East tensions threaten oil prices, complicating decisions on interest rate adjustments.
Changing pubs into offices or homes to be made harder under new rules
England’s planning rules will make it harder to convert pubs into housing or offices, requiring developers to prove no viable pub business prospects after 12 months of marketing.
Water companies in England and Wales explore ‘surge pricing’ during drought
Water regulators in England and Wales are considering allowing companies to raise bills during drought periods, a practice likened to surge pricing used by ride-sharing services.
American Airlines will stop upgrading elite flyers to business from coach on long domestic flights
American Airlines will restrict complimentary business-class upgrades for elite members on certain long-haul domestic routes starting Aug. 25, offering premium economy upgrades instead.
Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China
Nvidia announced a $500 billion financing plan for AI infrastructure with major asset managers, but faces risks from potential Chinese competition and GPU depreciation concerns.
Home Depot CEO taking temporary medical leave, two top execs to run the retailer
Home Depot CEO Ted Decker is taking temporary medical leave for several months, with two senior executives appointed to lead operations and financial management during his absence.
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The Difference Between Repairing Something and Restoring It
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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,...