Trending Business News
Why the UK is dithering over what to do about e-scooters
The UK government remains undecided on e-scooter regulation six years into trial programs, as privately owned devices proliferate illegally while public rental schemes gain popularity in cities across England.
Somerset cider makers left with very few apples after heatwaves
Somerset’s cider producers report devastating losses as prolonged summer drought has decimated apple crops, with many orchards yielding only a fraction of normal harvests.
Will Trump’s latest beef plan make your hamburger cheaper? Not much, experts say
President Trump announced a plan to temporarily lower tariffs on imported ground beef, but economists say consumers should expect minimal price reductions of 25 to 35 cents per pound.
Bots and bargains: Zara owner launches cut-price Lefties in UK to rival Primark
Inditex, the owner of Zara, has launched its budget chain Lefties in the UK, featuring automated systems and competing directly with Primark and Shein on price.
Sports Direct’s Ashley attacks Burnham over ‘populist’ High Street revival plans
Sports Direct founder Mike Ashley has criticized Prime Minister Andy Burnham’s retail revival and cost of living policies, describing warehouse business rates proposals as “delusional” and calling for Budget reforms.
U.S. says pipelines will make Strait of Hormuz irrelevant. Energy experts disagree
The U.S. has announced sanctions and expects new pipelines to reduce reliance on the Strait of Hormuz, but energy experts say infrastructure timelines make this unlikely anytime soon.
Businesses are getting tariff refunds. Why aren’t consumers getting their cut?
Following a Supreme Court ruling that many tariffs were illegal, the federal government is refunding over $160 billion to importers, but most consumers who paid higher prices are not receiving reimbursements.
UK households will take £2,400 financial hit from Iran war, analysis shows
UK households will face an average £2,400 financial hit from the Iran war by end of 2027, according to economic analysis showing impacts through higher inflation and weaker wage growth.
AI could cause global economic downturn, Bank of England governor tells G20
The Bank of England governor has warned G20 finance leaders that advanced AI systems pose risks to global financial stability through potential cyber-disruption and market destabilization.
More than 70,000 social and affordable homes to be built across England over 10 years
Ministers announced over 70,000 social and affordable homes will be built across England over the next decade, with initial funding of nearly £10 billion allocated to several regions.
How Canada could hit back to hurt the US economy – and Trump
Canada, which sends 70% of its exports to the US, has significant leverage in the escalating trade dispute, including control over energy supplies, critical minerals, and agricultural commodities.
Andy Burnham refuses to rule out tax rises in autumn Budget
Prime Minister Andy Burnham declined to rule out tax increases in the autumn Budget, acknowledging challenging public finances while defending previously announced cost of living measures.
Woolworths’ Ooshies craze causes Coles sales slump with parents shopping at rival supermarket to collect toys
Woolworths’ Disney Ooshie collectibles campaign caused a temporary sales decline at rival Coles, with parents switching supermarkets to gather the popular plastic figurines during the promotional period.
Heatwave health risks threaten insurer earnings, rating agency S&P warns
Europe’s intense heatwaves are raising insurance claims for heat-related deaths and health conditions, potentially driving up premiums as companies face increased payouts, S&P warns.
Can Trump’s economic war against Iran do what airstrikes and negotiations couldn’t?
The U.S. has launched new sanctions against Iran as an alternative to military action, but experts question whether economic pressure alone can achieve regime change or shift Iran’s geopolitical position in the region.
US Treasury’s Scott Bessent ‘will lose’ battle with bond markets, former mentor warns
Former investor Stanley Druckenmiller warns Treasury Secretary Scott Bessent that efforts to suppress bond yields through market intervention will ultimately fail, arguing the government should address fiscal deficits instead.
Why the UK is dithering over what to do about e-scooters
The UK government has delayed making a decision on e-scooter regulation for six years despite popular trial programs, leaving privately owned devices in legal limbo while concerns about safety and pavement use persist.
What will TV look like in three years? Media insiders share their predictions
Media insiders predict the television industry will continue transforming over the next three years, with traditional cable declining while streaming bundles and personalization reshape content consumption and advertising.
Disney-owned ABC files First Amendment lawsuit against FCC
Disney’s ABC has filed a First Amendment lawsuit against the FCC, claiming the agency’s investigation into the company constitutes retaliation for its programming critical of President Trump.
UK borrows more than expected in July as Healey prepares for first Budget
UK government borrowing reached £1.8bn in July, exceeding forecasts by £2.3bn and constraining Chancellor John Healey’s options ahead of his first Budget on 27 October.
Economic adviser O’Neill rules out government job but urges boldness on devolution
Economist Lord Jim O’Neill has declined a government position with Andy Burnham’s administration, citing preference for maintaining his business interests and personal autonomy.
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