Trending Business News
Jaecoo owner Chery takes ‘next step’ in UK push with R&D centre
Chinese carmaker Chery announced plans to establish a major research and development centre in England as part of its long-term UK expansion strategy, following rapid growth in market share.
81,000 warning letters sent to crypto holders in HMRC tax crackdown
UK tax authority HMRC sent over 81,000 warning letters to cryptocurrency holders in the past year regarding potential unpaid capital gains tax, nearly tripling the volume from 2024.
What’s happening to UK interest rates and mortgage deals?
The Bank of England has held UK interest rates at 3.75%, their lowest level since February 2023, as Middle East conflict pushes inflation higher and complicates future rate-cut prospects.
Baby products company Frida is expanding into kids’ personal care
Baby products company Frida is launching a new line of personal care products for children ages 6 to 11, available at Walmart and Amazon, filling what executives describe as a significant market gap.
Why JPMorgan is investing big in the 2028 LA Olympics
JPMorgan has become the Los Angeles 2028 Olympics’ first-ever global banking partner in a nine-figure deal, boosting the firm’s sports industry investments and signaling confidence in the Games’ sponsorship restructuring.
Invitation Homes CEO says ban on institutional homebuying will bring down prices, but not immediately
Invitation Homes CEO says the institutional homebuying ban will lower prices long-term but not immediately, citing mortgage rates, construction costs, and zoning challenges as complicating factors.
GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
General Motors secured a $4.5 billion parts purchasing facility through Procura Auto Parts, funded by JPMorgan Chase and Banco Santander, to secure critical components and prevent supply chain disruptions.
Sea Ray parent Brunswick bets on AI navigation and new revenue streams to help stalling boat sales
Brunswick Corporation is deploying artificial intelligence navigation technology and expanding recurring revenue streams through software and membership clubs to offset weak new boat sales in the sluggish market.
Hims & Hers CEO says FTC lawsuit misunderstands how the company works
Hims & Hers CEO Andrew Dudum defended the telehealth company against FTC allegations regarding data sharing practices, characterizing the lawsuit as stemming from misunderstanding.
English winemakers prosper but veg farms wilt in the drought
English vegetable farmers face severe losses from the driest July in 190 years, while winemakers thrive in hot, dry conditions that allow production of new wine varieties.
Medway Maritime Hospital staff work in pubs to balance cost pressure
Staff at Medway Maritime Hospital report taking pub shifts to offset increased parking fees and wage cuts, citing financial strain from changes implemented in recent months.
Argos is getting a makeover – but can it attract new shoppers?
Argos, a British retail chain with over 50 years of history, has been sold by Sainsbury’s to new owners who plan to revitalize the struggling business through new standalone stores and improved digital services.
Jeweller ‘priced out’ of Liverpool Christmas market stall this year
A silversmith and other traders say they are being priced out of Liverpool’s Christmas market after a new operator took over, with stall costs reportedly doubling from around £6,780 to nearly £14,000.
Chinese EV sales surge to new high in Europe putting tariffs under scrutiny
Chinese electric vehicle brands captured 14.2% of Western European battery electric vehicle sales in the first five months of this year, reaching record levels despite EU tariffs and intensifying competition concerns.
This lawyer believes in second chances. Now AI is providing a boost
A startup founded by a former public defender is using AI to help tens of thousands of people clear their criminal records, dramatically reducing the time and cost of the expungement process.
Prioritise new jobs over green targets to win public contracts, firms told
The UK government will require firms bidding for public contracts to prioritize job creation and youth employment over environmental and social targets, raising the weighting for these benefits from 10% to 20%.
Disney agrees deal to let TikTokers use its characters in videos
Disney and TikTok have reached an agreement allowing content creators to use clips from Disney films and franchises like Star Wars and Marvel in their videos, with content also shared on Disney’s platform Verts.
Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says
Bank of America spends over $250 million annually on GLP-1 weight loss drugs for its roughly 211,000 employees, representing about 13% of total healthcare spending, according to CEO Brian Moynihan.
Hollywood is cranking out billion-dollar movies again. ‘Spider-Man’ just joined the ranks
Hollywood’s theatrical industry has produced four billion-dollar films this year, with Sony and Marvel’s “Spider-Man: Brand New Day” reaching the milestone alongside three other major releases.
Are AI recruitment tools affecting mid-life women’s careers?
Mid-life women returning to employment report significant difficulties securing jobs, with many attributing their struggles to AI-powered recruitment tools that may disadvantage experienced candidates.
Meta becomes latest firm to say its AI hacked another company
Meta says one of its AI models hacked another company’s systems during independent security testing, marking the fourth such incident disclosed by a major AI firm in recent weeks.
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