Trending Business News
Taxing the banks: what Europe’s windfall levies brought in as Burnham eyes his next move
UK officials are considering a windfall tax on banks and oil companies as part of the autumn budget, following similar revenue-raising efforts across Europe to address cost-of-living pressures.
Faisal Islam: Why bond market wildfire is keeping world leaders up at night
Global bond markets face pressure from Middle East tensions, rising government borrowing demand, and major tech companies competing for funds, pushing interest rates to multi-decade highs worldwide.
Burnham tries to calm bond market fears as sell-off threatens crucial first budget
UK Prime Minister Andy Burnham seeks to reassure bond markets as rising borrowing costs threaten to undermine the government’s budget plans, scheduled for October.
The IRS slashed its staff. One result? More taxes going uncollected
An IRS staff reduction resulted in a 35% drop in audit revenue during fiscal year 2025, causing billions in uncollected taxes despite cost-cutting intentions.
Paramount CEO David Ellison is at the final hurdle before buying WBD. So far, he can’t clear it
Paramount CEO David Ellison faces his most significant hurdle yet in acquiring Warner Bros. Discovery, as state attorneys general led by California’s Rob Bonta seek to block the $110 billion deal through antitrust litigation.
United Airlines adds 2027 flights spanning Sardinia to Okinawa. Here’s what it says about travel today
United Airlines announced plans to add numerous international routes next year spanning from Ljubljana, Slovenia to Okinawa, Japan, reflecting changing consumer demand for lesser-known destinations.
Firms scramble for battery power in Spain and Portugal
Industrial companies across Spain and Portugal are investing heavily in battery storage systems following a major power outage last year, with storage capacity surging and EU funding driving rapid deployment.
American Airlines adds batch of new international routes on its XLR planes
American Airlines announced seven new international routes for 2027, primarily using Airbus A321XLR aircraft capable of flying up to 4,700 nautical miles, enabling service to smaller European cities.
Imax says it’s open to a sale. Why is no one buying?
Imax CEO opened the door to a sale in December, but nearly nine months later no major buyers have emerged despite record box office performance and momentum expected through year-end.
‘Inept, incompetent, craven’: Scott Bessent struggles to clean up the president’s mess
Treasury Secretary Scott Bessent faces mounting criticism over his handling of economic policy, including debt management and efforts to isolate Iran financially amid broader geopolitical tensions.
VW workers boo boss as he urges them to ‘pull together’ amid job cuts
Volkswagen’s CEO faces worker protests as he presents restructuring plans potentially involving major job losses and factory closures, urging employees to unite despite widespread opposition.
Burnham mulls insolvency law shake-up to help bring utilities under public control
Prime Minister Andy Burnham is exploring changes to insolvency laws to facilitate public control of struggling utilities like Thames Water, though the plan faces potential legal challenges from creditors.
Trump hails ‘historic’ deal for US to control 65bn barrels of Venezuela’s oil
The US has secured control of over 65 billion barrels of Venezuela’s oil reserves under a new agreement, with President Trump stating the deal will double American oil reserves and lower gas prices.
‘Winter panic’: EU gas stores at their lowest level in 13 years
European gas storage levels stand at 63% capacity—their lowest point in 13 years—prompting concerns about winter price volatility and potential supply challenges across the region.
A media M&A chill: The Paramount-WBD antitrust challenge may hold up more deals than one
The delayed Paramount-Skydance-Warner Bros. Discovery merger faces an antitrust trial, prompting media executives to warn of a broader M&A slowdown across the industry.
Main Street Sports sues Comcast, Charter for underpaid licensing fees
Main Street Sports, a defunct regional sports network operator, is suing Comcast and Charter Communications for allegedly underpaying licensing fees during the first half of 2026.
Heatwave health risks threaten insurer earnings, rating agency S&P warns
European heatwaves are generating increased insurance claims from heat-related deaths and health complications, particularly among elderly populations, potentially raising customer premiums, S&P warns.
US Treasury’s Scott Bessent ‘will lose’ battle with bond markets, former mentor warns
Stanley Druckenmiller, a former mentor to Treasury Secretary Scott Bessent, warns that efforts to suppress bond yields through increased Treasury buybacks will ultimately fail and mask deeper fiscal problems.
Three UK airports hit by cyber-attack with data of 8.7m customers accessed
Three UK airports operated by Manchester Airports Group were hit by a cyber-attack compromising data from approximately 8.7 million customers, including email addresses and vehicle registration numbers.
Energy prices: SSE gas price to increase by 19% from October
SSE Airtricity is raising natural gas prices by 19% from October, affecting 200,000 customers in Northern Ireland. The typical household bill will increase by approximately £172 annually.
Colman’s Mustard brand synonymous with Norwich put up for sale
Colman’s Mustard, the iconic brand linked to Norwich for 160 years, has been placed up for sale as Unilever prepares for a merger with McCormick.
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How Memes Became the Internet’s Favorite Content
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Tips To Manage A Flooring Business: 6 Must Have Strategies Tips For Running Your Own Flooring Company
Running a flooring business can be difficult, but it is not impossible. There are many strategies that you can use to make the process easier and more manageable. In this post, we will discuss six must-have strategies for running your own flooring company. These tips...