Trending Business News
Virgin Trains gets go ahead to run services to Europe in new blow to Eurostar monopoly
Virgin Trains has secured track access approval to run up to 20 daily services between London and continental European cities starting in 2030, challenging Eurostar’s three-decade monopoly on cross-Channel rail routes.
The £5 coffee that tells a story of global economic turmoil
Coffee prices have surged globally, with UK consumers now paying £4-£5 for specialty beverages, reflecting supply chain disruptions from climate events, Vietnam’s drought, Brazil’s frost damage, and tariff impacts.
How the High Street became a window on our political instability
A BBC investigation across the UK found brazen criminality on High Streets, with over 3,600 shops seized with illegal goods in 2024-25, reflecting broader issues affecting British politics and voter behavior.
How AI is changing jobs in the Philippines’ outsourcing industry
Artificial intelligence is disrupting the Philippines’ outsourcing industry, which employs 1.9 million workers and generates $40 billion annually. Former employees report being replaced after training AI systems, raising concerns about automation in emerging economies.
Cyclospora fears lead consumers to lose their appetite for salads
A cyclospora outbreak linked to contaminated lettuce has triggered significant drops in salad sales across restaurant chains and grocery stores this summer, with some chains implementing food safety reassurance campaigns.
Bob Iger, Joshua Kushner buy Los Angeles Lakers at a $12.5 billion valuation, source says
Joshua Kushner and Bob Iger have acquired the Los Angeles Lakers from Mark Walter at a $12.5 billion valuation, less than a year after Walter’s initial purchase.
Burnham urged to crack down on gig economy firms to protect 4m workers
Labour is being urged to crack down on gig economy firms accused of denying 4 million workers key employment rights through widespread misclassification practices.
Interest rate dilemma for central banks as inflation rises but growth slows
Central banks face a policy dilemma as inflation remains above targets while economic growth slows and Middle East tensions threaten oil prices, complicating decisions on interest rate adjustments.
Changing pubs into offices or homes to be made harder under new rules
England’s planning rules will make it harder to convert pubs into housing or offices, requiring developers to prove no viable pub business prospects after 12 months of marketing.
India wants to cuts its reliance on overseas strawberry varieties
India seeks to reduce dependence on imported strawberry varieties by developing domestic cultivars through gamma irradiation breeding and advancing cultivation technologies in its primary growing region.
FIFA tests the limits of private equity in sports with World Cup subsidiary sale
FIFA’s plan to sell a minority stake in a World Cup subsidiary to private equity investors faces strong opposition from European and North American soccer governing bodies over concerns about outside influence.
ECB official warns climate crisis poses growing threat to ‘core financial stability’
An ECB official warns that climate change and ecosystem collapse pose growing risks to financial stability, as the central bank intensifies monitoring of nature-related financial hazards affecting European banks.
Apple issues new challenge against UK order for access to private user data
Apple has launched a new legal challenge against a UK government demand for backdoor access to encrypted user data, continuing a dispute that began in early 2025.
Campaigners denied appeal against Gatwick Airport expansion
Campaigners opposed to Gatwick Airport’s two-runway expansion plan have failed in their bid to appeal a government approval decision to the Court of Appeal.
BP boss urges Burnham to prioritise UK oil and gas even as firm exits North Sea
BP’s CEO urged Prime Minister Burnham to prioritize UK oil and gas production, even as the company prepares to exit the North Sea after 60 years of operations in the aging basin.
Paramount Skydance raises full-year profit guidance, remains ‘confident’ about WBD merger
Paramount Skydance raised full-year profit guidance after beating revenue expectations in the second quarter, with streaming gains offsetting continued linear TV weakness. CEO David Ellison expressed confidence the proposed Warner Bros. Discovery merger will close despite ongoing antitrust litigation.
Sainsbury’s agrees to sell Argos for £120m
Sainsbury’s has agreed to sell Argos to Swift Partners for £120m as it focuses on its core grocery business. The deal, expected to complete in February next year, will transfer nearly 14,000 staff and maintain Argos operations within Sainsbury’s stores.
John Healey and Andy Burnham urge ministers to stick to spending limits in joint Budget memo
Chancellor John Healey and Prime Minister Andy Burnham have instructed cabinet ministers to remain within existing spending limits while implementing new policy pledges ahead of the October 28 Budget.
Xbox Series X price hiked by £170 due to rising memory chip costs
Microsoft has raised Xbox Series X prices by £170 and Series S prices by roughly 43%, citing rising memory and storage chip costs as the primary reason for the increases.
Are Americans ready to embrace tiny ‘cars’? These companies think so
Auto manufacturers including Stellantis are introducing low-speed electric vehicles priced around $15,000, betting Americans will embrace smaller, affordable transportation options amid ongoing auto industry affordability challenges.
Price of olive oil expected to rise again as European crops feel the heat
European crop production faces significant declines due to extreme heat and drought, with olive oil prices expected to rise again as growers struggle with climate-driven challenges across the continent.
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