Trending Business News
Travelodge boss steps down as chain tackles security after sex assault at hotel
Travelodge CEO Jo Boydell has stepped down following multiple security failures at the hotel chain, including a sexual assault incident that prompted investigations into room access procedures.
3 things to know about the $40 trillion federal debt
The U.S. federal debt reached $40 trillion this week, with annual interest payments now exceeding $1 trillion annually. Lenders are demanding higher interest rates to finance the growing debt burden.
Fashion tech founder sentenced to prison for $300m fraud scheme
Fashion tech founder Christine Hunsicker was sentenced to five years in federal prison for orchestrating a $300 million fraud scheme involving falsified financial documents and investor deception.
El Niño: Panama Canal to cut number of ships passing through
Panama Canal Authority will reduce daily vessel traffic from 36 to 32 ships starting September 15 due to low rainfall from El Niño conditions threatening freshwater supplies.
US borrowing costs rise as attempts to ease rates prove short-lived
US long-term borrowing costs rose again after a government intervention earlier this week, with yields on 30-year bonds reaching approximately 5.27% on Friday despite Treasury efforts to reduce them.
United’s next decision: What to do with all those Boeing 737 Max 10 seats it ordered years ago
United Airlines faces decisions about hundreds of premium lie-flat seats ordered for Boeing 737 Max 10 aircraft, which have been delayed for certification but are expected to finally receive federal approval soon.
Housing investors say this is their worst market in at least 3 years
Single-family housing investors report their lowest confidence in at least three years, citing rising interest rates, insurance costs, and geopolitical tensions as major concerns.
Walmart sees sales growth slip as US shoppers feel the squeeze
Walmart’s US sales growth slowed to a six-year low as rising fuel prices and cost pressures squeezed lower-income shoppers, the retail giant’s latest quarterly results revealed.
UK productivity growing faster than official figures suggest, thinktank finds
UK productivity is growing faster than official statistics indicate, according to a thinktank analysis, suggesting the economy may be recovering from the 2008 financial crisis’s prolonged effects.
GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
General Motors has entered a $4.5 billion parts purchasing facility with Procura Auto Parts, designed to secure critical components and avoid supply chain disruptions through advance supplier payments.
Burnham admits cost of living help is not enough and hints at further support
Prime Minister Andy Burnham acknowledged his cost-of-living measures are insufficient but indicated additional support measures are planned for the upcoming Budget.
US inflation eases as food and fuel costs cool
US annual inflation eased to 3.4% in July from 3.5% in June, with food and energy costs cooling, though housing expenses remain elevated.
Trump sued over service selling faster access to Truth Social posts
Two media organizations sued President Trump over Truth Social’s paid service offering faster access to his posts for up to $100,000 monthly, arguing it violates constitutional guarantees of equal public access.
UK’s biggest EV battery gigafactory shelves expansion as Jaguar Land Rover talks stall
The UK’s largest battery gigafactory has postponed expansion plans at its Sunderland facility due to stalled negotiations with Jaguar Land Rover and lower-than-expected demand from Nissan.
‘Strategic change and grasping nettles’: where now for John Lewis as boss exits?
John Lewis chief Peter Ruis abruptly announced his departure this week, citing a desire to pursue new projects. The sudden exit comes amid challenging trading conditions for UK department stores.
Delivery drivers will get a minimum wage in Australia’s ‘world-first’ deal. But is it fair – and will your Uber Eats cost more?
Australian delivery drivers will earn a minimum of $31.30 per hour starting Monday, marking a landmark agreement between unions and major platforms including Uber Eats and DoorDash.
Why the UK is dithering over what to do about e-scooters
The UK government has delayed regulating e-scooters for six years despite successful trial programs, while privately owned devices remain illegal yet proliferate, creating safety and enforcement challenges.
Baby products company Frida is expanding into kids’ personal care
Baby products company Frida is launching a personal care line for children ages 6 to 11, available at Walmart and Amazon, as the company expands beyond its core baby product offerings.
Why JPMorgan is investing big in the 2028 LA Olympics
JPMorgan has become the 2028 LA Olympics’ first-ever global banking partner in a nine-figure deal, marking a major sponsorship commitment to the games.
Homes near pylons to get £250 a year off energy bills – first sites revealed
UK households within 500 meters of 43 new electricity transmission projects will receive £250 annual bill discounts for up to a decade, with most payments starting early next year.
Tata Group Chairman N Chandrasekaran to step down in February
N Chandrasekaran, chairman of Tata Group, will not seek reappointment when his term ends in February after the board could not reach unanimous support for his extension.
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