Trending Business News
Fox won’t renegotiate NFL media rights before current deal expires, CEO Lachlan Murdoch says
Fox CEO Lachlan Murdoch said the network will not renegotiate its NFL media rights deal until closer to 2030, when its current contract expires.
Why airlines are warning over lithium-ion batteries
Airlines are intensifying warnings about lithium-ion batteries on flights after multiple incidents including a fire in June and a destroyed aircraft in January 2025.
Shein faces existential threat as tariffs hit low-price model, putting new focus on services
Shein faces growth challenges in the U.S. and Europe after tariff exemptions ended, forcing price increases that have reduced sales and profitability as it prepares for its Hong Kong IPO.
Zero hours crackdown could cost firms £2.9bn a year
Labour’s crackdown on zero hours contracts could cost businesses up to £2.9bn annually, according to government analysis, though some estimates suggest broader economic benefits.
Feds probe ‘mention markets’ amid White House Kalshi controversy
Federal regulators are investigating prediction market ‘mention markets’ where bettors wager millions on speakers’ word choices. Kalshi has removed sports-related mention markets following the inquiry, though political betting remains available.
US says dozens of countries helped China dodge Trump’s tariffs
The White House reported that over 40 countries helped China circumvent US tariffs by routing exports through nations with lower import duties, potentially moving between $30 billion and $300 billion in goods.
Summer jobs bounce back in UK thanks to busy calendar of sport and music
UK summer job market rebounds significantly due to warm weather and major sporting and cultural events, with hospitality and tourism sectors showing double-digit growth in seasonal hiring.
UPI: India built a digital payments miracle. Now comes the bill.
India is moving toward introducing merchant fees on its UPI digital payments system after a decade of free transactions, potentially affecting the network that enabled rapid adoption across 550 million users.
JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks
JP Morgan’s Jamie Dimon urges UK Chancellor John Healey against imposing a windfall tax on banks, warning higher levies could reduce jobs and damage the business environment.
Salad and Go files for Chapter 11 bankruptcy after cyclospora fears worsened its challenges
Salad and Go filed for Chapter 11 bankruptcy and is closing all locations on Wednesday, citing strategic challenges, weakening demand, higher costs, and a cyclospora outbreak that damaged consumer confidence.
To keep growing, incoming Best Buy CEO says he first wants to go smaller
Incoming Best Buy CEO Jason Bonfig plans to expand the retailer’s reach by opening smaller-format stores ranging from 12,000 to 15,000 square feet in markets unable to support traditional locations.
McDonald’s names company veteran Skye Anderson as its U.S. president as growth in its largest market slows
McDonald’s names veteran Skye Anderson as U.S. president to drive growth, succeeding Joe Erlinger after six years in the role.
Procter & Gamble will acquire supplements brand Thorne for $3.8 billion, CEO tells CNBC
Procter & Gamble is acquiring supplement brand Thorne for $3.8 billion, expanding its health and wellness portfolio with a company founded in 1984 and currently generating over $500 million in annual revenue.
David Ellison breaks silence on Paramount-Warner Bros mega merger
Paramount Skydance CEO David Ellison defends his company’s $110bn takeover of Warner Bros. Discovery, arguing opposition relies on an outdated vision of Hollywood and that the merged entity would maintain competitive positioning against tech giants.
Lucid begins ‘operational reset’ as CEO says EV maker will delay midsize vehicle
Lucid Group announced a delayed midsize vehicle launch to 2027 and began an ‘operational reset’ to improve cash flow by $1.4 billion amid leadership changes.
Saudi-led group completes $55bn purchase of gaming giant EA
A Saudi-led investment group led by Public Investment Fund has completed a $55 billion acquisition of video game company Electronic Arts, taking the company private in what is considered the largest leveraged buyout in history.
GM, Chinese automaker extend joint venture for 20 years despite geopolitical tensions with U.S.
General Motors and China’s SAIC Motor extended their Chinese joint venture for 20 years through 2047, focusing on domestic sales and international exports amid evolving market competition.
Bank battle: history suggests Burnham faces fight if he opts for windfall tax
UK banks reported £29.2bn in combined profits, reigniting calls for a windfall tax under Prime Minister Andy Burnham, though banking executives warn of potential economic consequences.
Next upgrades profit outlook again as it benefits from summer spending
Next upgraded its profit guidance for the third time this year, raising full-year expectations to £1.2bn as summer weather and international demand boosted sales performance.
Farmers warn shoppers face smaller and more expensive vegetables due to hot weather
UK farmers warn that exceptionally dry weather could produce the worst harvest on record, potentially leading to smaller vegetables and higher prices in supermarkets through shrinkflation.
New era for Gibraltar with removal of border controls with Spain
Gibraltar and Spain are scheduled to remove border controls on July 15, ending decades of frontier restrictions and allowing free movement between the British territory and the EU following Brexit negotiations.
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Top Myths About Outsourcing
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