Trending Business News
AI chatbots are offering financial advice. Should you trust them?
About 40% of Americans have consulted AI chatbots for financial advice in recent months, though experts warn the technology handles basic questions better than complex financial scenarios.
Iran war and high living costs fuelling last-minute holiday bookings, Tui says
Travel bookings are shifting to last-minute decisions due to ongoing geopolitical tensions and cost-of-living pressures, Tui reports, citing €60m in war-related losses.
Great Britain braced to pay millions for backup electricity during solar eclipse
Great Britain faces millions in backup electricity costs as a near-total solar eclipse Wednesday is expected to eliminate solar power generation during peak evening demand.
Telstra CEO gets $700,000 pay rise to $6.8m despite Australia-wide outage
Telstra CEO Vicki Brady received a $6.8m pay package for the year ending in June, including a $700,000 raise, despite the company cutting her bonus by 20% following a nationwide network outage in July.
Australia’s largest aluminium smelter to run on renewables by 2033 after Rio Tinto strikes $2.5bn taxpayer bailout deal
Australia’s largest aluminium smelter will transition to renewable energy by 2033 under a $2.5bn government subsidy deal with Rio Tinto, securing nearly 3,000 jobs in the Hunter region.
UK economic growth slows down as Iran war pushes up energy prices
UK economic growth slowed to 0.4% in the second quarter as Middle East conflict drove up energy prices, though the economy proved more resilient than anticipated.
American Airlines will stop upgrading elite flyers to business from coach on long domestic flights
American Airlines will stop offering complimentary business class upgrades to elite frequent flyers on certain long-haul domestic routes, redirecting them to premium economy instead starting Aug. 25.
Burnham vows crackdown on ‘rip-off’ business practices to ease cost of living
Prime Minister Andy Burnham announced plans to ban misleading discount practices and strengthen subscription protections, measures expected to save consumers approximately £400 million annually.
Households near new pylons to get £250 taken off annual energy bills
UK households near new power pylons will receive £250 annual energy bill discounts as the government pursues over 40 grid upgrade projects nationwide to support renewable energy transition.
South East charities unable to pay staff after online fraud alert
CAF Bank suspended online services on July 24 following suspected cyber fraud, leaving thousands of UK charities unable to access accounts or process payroll payments.
The £5 coffee that tells a story of global economic turmoil
Coffee prices across the UK have surged past £4 per cup, driven by climate disruptions in major producing nations, geopolitical tensions, and tariff policies affecting global supply chains.
Senate panel advances China auto bill that could bar Mercedes-Benz from U.S.
Senate panel advances legislation tightening restrictions on Chinese automakers, though provisions could unintentionally bar Mercedes-Benz from the U.S. market due to Chinese ownership stakes.
China’s Geely to make EVs at Ford plant in Spain under new joint venture
China’s Geely and Ford Motor established a joint venture to manufacture electric vehicles at a Ford plant in Spain, with operations beginning in the first half of 2027.
Why three automakers dominate the fast-growing hybrid vehicle market
Toyota, Hyundai Motor Group, and Honda control 86% of the rapidly growing U.S. hybrid vehicle market, which reached a record 15.4% market share in the first half of 2026.
Logistics giants are racing to keep up with healthcare boom as GLP-1s highlight need for cold storage
Major logistics companies including UPS, FedEx, and C.H. Robinson are significantly expanding temperature-controlled infrastructure to handle surging demand for GLP-1 medications and other specialized pharmaceuticals that require precise cold-chain management.
Cracker Barrel CEO to step down after overseeing logo backlash last year
Cracker Barrel CEO Julie Masino is stepping down nearly a year after the company faced backlash over its logo redesign that removed the iconic Uncle Herschel character.
UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts
The UK faces significant budget pressures from elevated oil prices and inflation linked to the Iran conflict, forcing the government to find billions in additional funding while balancing ambitious public service promises.
‘Dodged a bullet’: inflation eases to 3.8%, reducing chances of interest rate rise for Australia’s mortgage holders
Australia’s inflation eased to 3.8% in the year to June, reducing chances of an interest rate hike by the Reserve Bank on August 11.
Ticket prices set to rise by 15p as Heathrow able to recover runway project money
Heathrow Airport will recover up to £320m in early runway project costs through higher airline charges, adding approximately 15p to ticket prices in 2028.
Shares in Asian chip firms plunge further as AI sell-off continues
Asian semiconductor stocks plunged following disappointing earnings from South Korean chipmaker SK Hynix, with Seoul’s Kospi index sliding over 12% and marking its steepest two-day decline in recent months.
More Americans are going bankrupt. What does that mean?
Personal bankruptcy filings in the U.S. have surged to over 500,000 annually, up nearly 50% in three years, as more Americans struggle with debt despite lingering economic concerns.
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