Trending Business News
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.
EU faces 300,000 factory job cuts as China ‘colonises’ supply chains, industry warns
EU manufacturing faces 300,000 job losses this year due to Chinese competition, industry group warns, urging Brussels to address component-level supply chain penetration.
The ‘choose your own adventure’ earnings: Why retailers are handling tariff refunds so differently
Retailers have inconsistently reported tariff refunds flowing in after a February Supreme Court ruling, with some using the money to lower prices while others boosted shareholder profits, complicating earnings analysis.
The bond market is blowing up right now – should Australians be worried?
Australia’s 10-year government bond yield has surged past 5.2%, the highest in over 15 years, reflecting global concerns about inflation, debt levels, and competition for capital in the economy.
UK subsidence claims surge after hottest summer on record
UK insurers report a dramatic surge in subsidence claims following the hottest summer on record, with Hastings Direct experiencing a near 140% jump in August alone.
Firms scramble for battery power in Spain and Portugal
Industrial firms in Spain and Portugal are rapidly investing in battery storage systems following a major blackout that caused significant losses. Battery capacity has surged sevenfold in Spain since the outage.
American Airlines adds batch of new international routes on its XLR planes
American Airlines announced seven new international routes for its 2027 schedule, many utilizing Airbus A321XLR aircraft that enable service to smaller European cities from major U.S. hubs.
Imax says it’s open to a sale. Why is no one buying?
Imax said in December it would consider a sale, but despite record box office performance and a relatively modest $3 billion market cap, no major buyers have emerged as of late August.
Goodyear burning rubber and cash as turnaround plan continues
Goodyear CEO Mark Stewart is advancing his turnaround strategy while the company faces significant cash burn and debt exceeding $7 billion amid challenging market conditions and competitive pressures.
How one of the largest investors in student housing is playing this school year
Student housing pre-leasing reached 89.1% in July ahead of fall move-ins, up from 88.1% a year earlier, though market conditions vary significantly across universities and regions, according to industry data.
Trump calls for interest rate cut after jobs figures raise hike bets
President Trump calls for interest rate cuts later this month, claiming higher rates disadvantage the US, as stronger-than-expected August job figures fuel expectations for potential rate increases.
Virgin’s Richard Branson: Flight price rises due to ‘foolish leaders’ starting wars
Virgin Group founder Richard Branson attributed rising flight prices to geopolitical conflicts, specifically citing Middle East tensions that have driven up oil and jet fuel costs globally.
GM vs. Ford: U.S. defense, energy sectors add to automakers’ century-old rivalry
General Motors and Ford are expanding beyond automobiles into U.S. military contracts and energy storage systems, seeking new revenue sources as EV sales underperform expectations.
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California Has the Second Worst Drivers
California had 14.3 million registered vehicles on the road in 2021, according to a study published by Statista, an online market and consumer data platform. The state also issued more than its fair share of driver's licenses. According to a separate study from the...
3 Benefits of Companies Offering Promotional Logo Patches
Companies are always looking for new and exciting ways to promote their brands. To stay competitive, companies are constantly seeking new strategies to generate excitement about their products and to keep in touch with consumers. Recently, businesses have sought...
CDMO Samsung Biologics Receives Global Enlightened Growth Leadership Award
Samsung Biologics, a leading contract development and manufacturing organization (CDMO), has received the Frost & Sullivan Institute’s 2022 Global Enlightened Growth Leadership Award. The award recognizes companies for their commitment to growing in a manner that...
Top-Rated Indonesian E-commerce Websites to Watch in 2022
Indonesia's digital economy is one of the largest in Southeast Asia, with unicorns such as OVO, Traveloka, Tokopedia, and Bukalapak fronting digitalization. Statista predicts that Indonesian e-commerce will reach $62.59 billion by December 2022, and users will reach...