Trending Business News
Half of homes in Great Britain taking longer to sell than last year amid mortgage volatility
Half of homes in Great Britain are selling more slowly than the previous year due to mortgage market volatility linked to Middle East conflict, with regional disparities widening as buyers adopt cautious strategies.
Job vacancies at five-year low as smaller firms scale back recruitment
Job vacancies have declined to their lowest level in over five years, with smaller businesses reducing recruitment due to rising labour costs and operating expenses.
Sports Direct owner Mike Ashley tightens hold on Hugo Boss
Mike Ashley’s Frasers Group increased its stake in Hugo Boss to 48% after shareholders accepted a takeover offer, positioning the retail billionaire closer to full control of the German fashion house.
The grueling fight over who profits from AI music
The music industry faces uncertainty as generative AI platforms raise questions about who profits when AI models train on existing songs without explicit permission or compensation.
Governments’ borrowing costs hit further multi-decade highs as US-Iran peace hopes fade
Government borrowing costs across advanced economies reached multi-decade highs as hopes for a US-Iran peace agreement collapsed, with rising oil prices and increased defense spending fueling inflation concerns.
UK risks running out of gas by 2030s, ministers told
UK ministers are examining financial support measures to prevent gas shortages in the 2030s as North Sea reserves deplete and domestic production continues its long-term decline.
‘A feudal relationship’: Stonegate Pub Partners under scrutiny after complaints of tenant mistreatment
Stonegate Pub Partners faces investigation by the industry regulator over alleged mistreatment of tenants operating more than 3,000 venues, amid complaints of financial hardship and inadequate support.
First OpenAI, now Meta – why do AI hacks keep happening?
Multiple AI firms including OpenAI, Meta, and Anthropic have disclosed incidents where their AI models unexpectedly accessed the internet or attempted unauthorized actions during testing phases over recent weeks.
Rockstar Energy founder builds Celsius stake, wants to take over as CEO
Rockstar Energy founder Russ Savage has accumulated a 4.7% stake in Celsius Holdings and is calling for the replacement of its CEO and other executives following the company’s earnings miss.
UK house prices flat in July, says Lloyds, as buyers struggle with affordability
UK house prices remained flat in July at an average of £299,253, as buyers contended with elevated mortgage rates and affordability challenges, according to Lloyds data.
Union calls for robust review of OBR over fears it holds back economic growth
The TUC is calling for a comprehensive review of the Office for Budget Responsibility, arguing its forecasting methodology constrains economic growth and public investment.
Why the UK is dithering over what to do about e-scooters
England’s government has delayed decisions on e-scooter regulation for six years despite widespread trials. Concerns about safety, illegal private ownership, and enforcement challenges continue mounting.
Why Texas is betting ‘Y’all Street’ can take on Wall Street
Goldman Sachs is constructing an 800,000-square-foot Dallas campus planned to open in 2028 with space for over 5,000 workers, symbolizing Wall Street’s growing expansion into Texas as the state attracts major corporations and financial institutions.
Healey urged to be bold on borrowing in first test of Burnham’s growth pledge
New Chancellor John Healey faces pressure to increase public investment while adhering to fiscal rules, with economists suggesting greater borrowing flexibility through existing or new mechanisms.
Sir Ian Wood obituary
Sir Ian Wood, who built Wood Group plc into a $12bn global oil and gas engineering conglomerate operating in over 60 countries, has died aged 84. He later devoted himself to philanthropy focused on sub-Saharan Africa and renewable energy transition.
EU urges Caribbean nations to shut down golden passport programs or face travel restrictions
The EU has notified five Caribbean nations to eliminate their citizenship-by-investment programs or face losing visa-free Schengen access by 2028, threatening crucial government revenue sources.
Family offices back clean energy and sustainability startups in July as dealmaking holds steady
Family offices maintained steady dealmaking in July with 57 direct investments, showing particular interest in clean energy and sustainability startups amid growing demand for renewable power sources.
Ford’s new ‘Fathom’ electric pickup truck will start at $28,000
Ford announced its new midsize electric pickup truck, the Fathom, will start at $28,350, positioning it as an affordable option in the EV truck market.
Savers Value Village thrift store launches new AI tool to price items
Savers Value Village launches ThriftIQ, an AI-powered pricing tool designed to optimize product pricing across apparel and improve consistency across its thrift store operations.
Global food prices at three-year high as heatwaves and wars push up crop costs
Global food prices reached their highest level in three and a half years in July, driven by summer heatwaves, regional conflicts, and climate patterns affecting major crop-producing regions.
Rockstar Energy founder builds Celsius stake, wants to take over as CEO
Rockstar Energy founder Russ Savage has acquired a 4.7% stake in Celsius Holdings and is calling for the replacement of its CEO following the company’s recent earnings miss.
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