Trending Business News
Battery tech: Europe hopes to make up ground in battery industry
European companies are developing nanotechnology solutions for battery components to compete in the growing global battery market, though challenges from Chinese competitors persist.
GM plans U.S. battery development as Trump’s DOT attacks Ford for China ties
General Motors is developing next-generation domestic battery cells to reduce U.S. reliance on Chinese materials, while Ford faces Trump administration criticism over its Chinese battery technology licensing agreements.
Crispin Odey loses appeal against lifetime ban from UK financial services industry
Former hedge fund manager Crispin Odey has lost his appeal against a lifetime ban from UK financial services after judges found he lacked integrity and attempted to obstruct investigations into sexual harassment allegations.
Government moves to nationalise Speciality Steel UK to protect 1,300 jobs
The British government will take over Speciality Steel UK to protect 1,300 jobs after a private sector sale fell through, citing the steelmaker’s strategic importance to the UK economy.
State pension likely to top £13,000 a year as UK wage growth slows to 3.9%
The UK state pension is projected to exceed £13,000 annually following a wage growth figure of 3.9%, reigniting discussion about long-term affordability and intergenerational equity.
Make NHS and military uniforms in UK, fashion firms urge Burnham
Fashion industry leaders urge UK Prime Minister Andy Burnham to require domestic manufacturing of NHS and military uniforms, arguing public procurement could revitalize British textile production and regional economies.
UK in talks about joining global defence bank led by Canada
The UK government is exploring membership in a global defence investment bank led by Canada that would enable nations to borrow at lower costs for military spending.
Third Heathrow runway should only go ahead if airlines pay for cleaner flying, say advisers
The UK’s Climate Change Committee says a third runway at Heathrow can proceed only if airlines fund cleaner fuels and carbon removal technology, potentially raising flight costs significantly.
Mayors and other local leaders could be given powers to oversee water firms
UK government considers giving mayors and local leaders greater oversight powers over water companies, including influence over spending and executive accountability.
The U.S. is trying to reduce its reliance on China for batteries. Here’s what it’s up against
The Trump administration awarded $500 million in battery technology funding this August, but analysts say it falls far short of the billions needed to reduce U.S. dependence on China’s dominant battery supply chain.
Wealthy investors seek oil and gas assets, but bargains are scarce
Wealthy investors are increasingly targeting oil and gas assets, but strong competition from institutional investors and private equity firms is limiting deal availability at favorable valuations.
25 years after 9/11, the U.S. starts rolling back travel restrictions, from liquids to gate access
Twenty-five years after the September 11 attacks, the U.S. is gradually easing airport security measures including shoe removal and liquid restrictions through improved scanning technology and trusted traveler programs.
US borrowing costs hit 5% for first time since 2023 amid bond sell-off
US 10-year Treasury yields reached 5% for the first time since 2023 as Middle East tensions and soaring oil prices triggered a global bond market sell-off amid mounting inflation concerns.
Pubs, hotels and gyms in Wales to get 30% business rates cut
Wales announced a 30% cut in business rates for pubs, hotels, and cinemas starting April 2027, funded by increased rates on highest-value properties.
Bank of England urged to slow or halt bond-selling to slash UK borrowing costs
Economists urge the Bank of England to reduce its bond-selling program, which has already cost the government billions of pounds and pushed UK borrowing costs to multi-decade highs.
Scrap windfall tax on oil and gas firms early, North Sea industry urges
North Sea oil and gas industry urges Labour to scrap windfall tax three years early, citing energy security concerns as winter approaches with expected high energy bills.
Jaguar Land Rover in talks to sell Defender to Nato countries
Jaguar Land Rover is pursuing military contracts with NATO countries and bidding for a UK defence ministry contract worth £900m to supply revamped Defender vehicles to armed forces worldwide.
UK retirees with no other income will not pay tax on new £13,000 state pension, No 10 says
UK state pensioners with no other income will not pay tax on the new £13,000 annual state pension, the government confirmed after wage growth triggered an inflation-beating increase under the triple lock policy.
US treasury secretary hails government’s buy back of bonds a success
Treasury Secretary Scott Bessent declared the US government’s bond buyback program a success, though 10-year Treasury yields have reached their highest level since 2007.
NFL set for first-ever game in Melbourne, Australia, in international expansion
The NFL will play a record nine international regular-season games in 2026, beginning with the 49ers and Rams facing off in Melbourne, Australia, the league’s first game in the country.
Primark finally set to launch online deliveries
Primark plans to launch home delivery in Britain after purchasing a Sheffield warehouse, marking a major shift from its resistance to online sales over several years.
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