Trending Business News
4 things investigators learned about the dysfunction at Trump’s Labor Department
An investigation found that former Labor Secretary Lori Chavez-DeRemer violated her department’s harassment policy and failed to address a toxic workplace environment, according to a newly released report by the Labor Department’s Office of Inspector General.
Petrol prices rise by 5p over a week as Iran war sends oil higher
Unleaded petrol prices rose 5p per litre in a week to 167.17p, the largest weekly increase since April, as Middle East tensions drive crude oil prices higher.
The RBA hoped this year’s three interest rate rises would tame inflation – but nothing is going their way
The Reserve Bank of Australia’s three interest rate increases this year have failed to control inflation amid global oil price shocks and supply chain pressures, with markets pricing in further hikes by month’s end.
Tax banks to cut energy bills, unions tell Andy Burnham
Britain’s trade unions are calling on Prime Minister Andy Burnham to introduce a subsidized energy tariff funded by increasing a bank surcharge, arguing it could help millions of households manage rising bills.
John Lewis losses widen to £124m as shopper confidence dips
John Lewis Partnership’s pre-tax losses widened to £124m in the first half of the year as higher costs and weak consumer confidence pressured results across its department stores and Waitrose supermarkets.
The ‘choose your own adventure’ earnings: Why retailers are handling tariff refunds so differently
Retailers are handling tariff refunds from a Supreme Court ruling inconsistently, with some using the money to lower prices while others boost shareholder earnings, creating confusion for Wall Street analysts.
American Airlines continues premium push with redesigned Boeing planes
American Airlines deployed its first retrofitted Boeing 777-300ER aircraft with premium seating, featuring 70 lie-flat suites and expanded premium cabin options for long-haul international routes.
Southwest to debut airport lounges in four cities, with more to come
Southwest Airlines announced plans to open airport lounges in Austin, Baltimore, Honolulu, and Nashville in late 2027, with additional locations planned across high-demand markets in subsequent years.
GM vs. Ford: U.S. defense, energy sectors add to automakers’ century-old rivalry
General Motors and Ford are expanding their rivalry beyond automobiles into U.S. military contracts and energy storage systems, seeking new growth opportunities as electric vehicle sales disappoint.
Ikea wins right to launch legal action against Belgian far-right party
Ikea won the right to pursue legal action against a Belgian far-right party that used the company’s branding in anti-immigration political materials, Europe’s highest court ruled.
Energy costs: Share Energy to increase electricity prices by 12.6%
Share Energy, a Northern Ireland electricity supplier, will increase tariff prices by 12.6% from 1 October, citing exceptional market volatility and rising wholesale costs.
JP Morgan boss Jamie Dimon warns UK chancellor against bank tax hike
JP Morgan CEO Jamie Dimon has warned UK Chancellor John Healey that raising taxes on banks could threaten investment and employment in the country ahead of an October budget.
Firms scramble for battery power in Spain and Portugal
Spanish and Portuguese firms are rapidly investing in battery storage systems following a major power outage last April, with battery capacity in Spain increasing nearly sevenfold since the blackout.
‘JLR job cuts a cause for uncertainty and worry’
Jaguar Land Rover is cutting 4,000 jobs over two years, primarily at its Coventry headquarters, raising concerns about the company’s future innovation capacity and the West Midlands’ skilled workforce.
Chrystia Freeland negotiated with Trump. Now she’s watching a trade war unfold
Canada has imposed retaliatory tariffs on U.S. goods as trade tensions escalate, with former Finance Minister Chrystia Freeland warning that the U.S. risks alienating longtime allies.
United Utilities fined nearly £1m after discharging raw sewage along Lancashire coast
United Utilities was fined nearly £1 million after illegally discharging raw sewage along Lancashire’s coast in June 2023, affecting seaside communities including Blackpool and contaminating bathing waters.
Trump administration expresses ‘profound concern’ over Ford’s ties to China
The Trump administration expressed concern about Ford Motor’s business relationships with Chinese companies, questioning their impact on U.S. automotive manufacturing and national security interests.
Supercar maker McLaren to create 1,000 UK jobs as part of £450m tech investment
British supercar manufacturer McLaren plans to create 1,000 jobs through a £450m investment in its Woking technology centre, providing a boost to the UK automotive sector.
OneRail launches AI platform with Nvidia for retailers to make faster delivery decisions
Logistics company OneRail launched OmniStar, an AI platform developed with Nvidia that helps retailers optimize delivery decisions and compete with major e-commerce players like Amazon and Walmart.
The price of diesel hits a record high
Diesel prices have reached a record high of $5.85 per gallon, surpassing the previous record from June 2022, as international conflicts disrupt global fuel supplies and strain the industrial supply chain.
Record strength El Niño could mean bigger supermarket bills for Australians, experts warn
A record-strength El Niño could push Australian food prices higher, complicating efforts to control inflation as households already struggle with elevated grocery costs.
FEATURED
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,...