Trending Business News
2 Americans win Nobel Prize in economics for work on boom-bust cycles
Two American economists won the 2026 Nobel Prize in Economics for research on boom-and-bust cycles and how policymakers can limit inflation and unemployment through better communication of their plans.
Banks expect to be hit with higher taxes in Budget
UK Chancellor John Healey is considering increasing taxes on banks ahead of the Budget in two weeks, according to banking executives. The sector’s leaders warn higher taxes could reduce competitiveness and investment.
Repairing Brexit economic damage should be Burnham’s top priority, business chief says
The head of the British Chambers of Commerce says repairing Brexit’s economic damage should be Prime Minister Andy Burnham’s priority as Labour reconsiders its EU membership stance.
Fuel costs squeezing margins for some Jersey businesses
Rising global fuel prices are straining Jersey businesses, prompting the government to propose freezing fuel duty in 2027, though some sectors worry it won’t sufficiently offset mounting costs.
Ofgem could force energy suppliers to pay rivals if they lure customers with cheaper deals
Ofgem is considering reintroducing a market stabilization charge that would require energy suppliers to compensate rivals when they attract customers with cheaper deals during volatile wholesale price periods.
Used car prices fall in Q3, while demand for fuel-efficient vehicles grows
Used vehicle prices are forecast to rise only 0.2% this year, down from previous 2% projections, as high fuel costs and inflation pressure buyers while demand for fuel-efficient vehicles grows.
Modelo owner Constellation is getting creative to bring back beer drinkers as overall demand weakens
Constellation Brands beat earnings expectations as its beer division gained market share, but softening consumer demand and economic pressures pose ongoing challenges for the beer industry.
What ice cream has to do with this year’s Nobel Prize in economics
Robert Hall and Michael Woodford won this year’s Nobel Prize in economics for work on microeconomic foundations of macroeconomic stabilization, a framework that helped revive Keynesian economics theory.
US inflation rose to 3.7% in September in blow to Republicans before midterms
US inflation rose to 3.7% in September, the highest rate since May, driven largely by energy prices amid Middle East tensions. The report arrives weeks before midterm elections as Americans cite cost of living as a top concern.
Unemployment in Australia reaches 4.7%, its highest in nearly five years
Australia’s unemployment rate reached 4.7% in September, the highest in nearly five years, after the economy unexpectedly lost 39,300 jobs, reducing prospects for another Reserve Bank interest rate increase.
Thousands of NI workers to get pay bump as Real Living Wage rises
Northern Ireland’s Real Living Wage is increasing, providing pay raises for thousands of workers across the region, according to recent announcements.
Healey says surprise UK growth is ‘sign of resilience’ ahead of Budget
The UK economy grew 0.1% in August, defying forecasts of contraction, prompting Chancellor John Healey to describe the performance as a sign of resilience ahead of his first Budget in two weeks.
How lower fuel economy targets could boost pickups and V-8 engines
U.S. fuel economy standards were lowered to 34.9 mpg by 2031, and automakers face eliminated fines, potentially generating billions in financial benefits and encouraging pickup truck and V-8 engine production.
Social Security benefits to get a boost. And, Hasan Piker defends his rhetoric
The Social Security Administration announced a 3.6% increase in benefits for next year, based on inflation data showing consumer prices 3.7% higher than the previous year.
Cost of balancing Great Britain’s power grid reaches nearly £50m a day
Great Britain’s grid-balancing costs reached nearly £50m in a single day after renewable energy transmission bottlenecks forced windfarms offline, adding to mounting infrastructure challenges.
Thames Water asks for £2.4bn more to avoid going bust this year or early 2027
Thames Water requests £2.4bn in additional emergency funding from creditors, warning it will exhaust cash reserves by end of 2026 or early 2027 without the injection.
How much is the minimum wage?
The UK minimum wage rates increased on 1 April, affecting 2.7 million workers. The National Living Wage for those 21 and over rose to £12.71 per hour.
The start-ups hoping to return battery making to the US
US battery startups are developing sodium ion technology as an alternative to lithium ion, with companies like Unigrid, Emerald Battery Labs, and Peak Energy aiming to establish domestic manufacturing and supply chains.
How oil-rich Alberta’s economy might fare if it broke away from Canada
Alberta is holding a referendum on pursuing independence, with supporters citing oil wealth and economic strength, while critics warn of hundreds of billions in transition costs and reduced living standards.
Justice Department investigates TV networks, citing possible anti-trust violations
The Justice Department has launched an antitrust investigation into five major television networks for their coordinated decision not to cover White House events after CNN was barred from the press pool.
Fewer Britons plan to ringfence money for holidays abroad next year, says travel industry
Fewer British holidaymakers plan to allocate funds for overseas travel next year due to cost-of-living pressures, according to the UK travel industry, despite domestic and international holiday numbers reaching pre-pandemic levels this year.
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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,...