Trending Business News
Panama canal fees soar due to Iran war and El Niño as ship ‘pays $4m to jump queue’
Panama Canal transit costs surge as ships face 10-day delays amid Iran-related detours and El Niño-driven water shortages, with one vessel reportedly paying $4 million to skip the queue.
Coughlans Bakery sites to reopen as Janes Pantry after buyout
Janes Pantry has acquired multiple locations from defunct Coughlans Bakery, planning to reopen 20 shops under its own brand following the chain’s closure in June.
Home Depot CEO taking temporary medical leave, two top execs to run the retailer
Home Depot CEO Ted Decker is taking temporary medical leave, with two executives assuming leadership roles until his return.
EU urges Caribbean nations to shut down golden passport programs or face travel restrictions
The European Union has notified five Caribbean nations to terminate their citizenship-by-investment programs by 2028 or face restrictions on visa-free access to the Schengen area.
GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
General Motors secured up to $4.5 billion in financing through a specialized parts-sourcing company to prevent supply chain disruptions and preserve cash flow.
Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China
Nvidia’s Jensen Huang launched a $500 billion financing plan for AI infrastructure with six major asset managers, but faces risks if Chinese chip production erodes GPU collateral values through market competition.
UK heatwaves may have cost economy £4.4bn in lost output so far this year, analysis finds
A UK analysis suggests repeated heatwaves earlier this year cost the economy £4.4bn in lost output through July, with further temperature spikes continuing this week.
Burnham admits cost of living help is not enough and hints at further support
Prime Minister Andy Burnham acknowledged his cost-of-living measures are insufficient alone, hinting at further support through public control of essential services and rail fare reforms.
Why the UK is dithering over what to do about e-scooters
The UK government has delayed decisions on regulating e-scooters for six years since trials began, while privately owned devices remain illegal yet widespread, raising safety and enforcement concerns.
New era for Gibraltar with removal of border controls with Spain
Gibraltar is scheduled to remove border controls with Spain on July 15, ending restrictions that have defined the territory for generations and opening new economic opportunities for both sides.
Marmite and Dove owner Unilever warns of price rises due to growing costs
Unilever warned of accelerating price increases in the coming months as the consumer goods maker contends with rising commodity and ingredient costs stemming from geopolitical disruptions affecting oil prices.
GSK to cut jobs amid £1.9bn cost-cutting plan and bid for faster drug development
GSK announced a £1.9bn cost-cutting programme and £400m UK investment, including a new Cambridge research centre, with over 1,000 scientists relocating and the Stevenage site closing by 2029.
Visa is cutting 7% of employees in efficiency push as AI reshapes work
Visa plans to eliminate about 7% of its workforce, or roughly 2,600 positions, primarily in technology and product operations as CEO Ryan McInerney prioritizes efficiency and invests in growth areas.
Some parents on benefits to get up to £4,500 if children take on apprenticeships
The UK government will provide parents on benefits with up to £4,500 annually to encourage their children to pursue apprenticeships, offsetting lost welfare payments.
Wall Street is selling more rental homes, as buying ban takes effect
Institutional investors are listing significantly more rental homes for sale following new legislation that bans them from purchasing additional single-family rentals, with listings more than doubling since early February.
Goldman Sachs creates private markets platform as rich investors seek the next SpaceX and Stripe
Goldman Sachs has launched a new platform to help wealthy clients and family offices invest directly in promising private companies like SpaceX and Stripe before they go public.
Nike to cut off thousands of online distributors in China, restructure digital footprint
Nike will eliminate thousands of online distributors in China starting in January, consolidating its digital presence to official channels and major marketplace partnerships to improve brand consistency and regain sales growth.
U.S. allies hit with new tariffs object to Trump’s forced labor allegations
President Trump renewed tariffs on over 60 countries, citing weak forced labor enforcement. Australia, the EU, and other allies disputed the allegations and criticized the trade penalties.
Burnham urged to award £2.4bn military satellite contract to Airbus over US rival
A major UK military satellite contract worth £2.4bn is being contested between Airbus and Lockheed Martin, with union leaders and lawmakers urging the government to select the European manufacturer to preserve hundreds of domestic jobs.
Family of former Vodafone manager found drowned call for ‘Adrian’s law’ to protect franchisees
The family of Adrian Howe, a former Vodafone manager found drowned in 2018, is calling for new legislation to protect franchisees after Vodafone settled claims from dozens of former franchise operators.
Home heating oil: Prices jump £100 in three weeks in Northern Ireland
Home heating oil prices in Northern Ireland jumped nearly 30% in three weeks to £445.37 per 500 litres, driven by escalating US-Iran tensions affecting global oil supplies.
FEATURED
Business Articles
5 Benefits Of Self Storage For Business Owners
Find out why you should consider self storage for your business to minimise your storage costs and keep the business finances as healthy as possible in these challenging economic times. The worldwide economy is going through somewhat of a challenging time, as the...
4 Tips for Supplement Manufacturers
If you're a fan of healthy living, you've probably had a few encounters with the world of supplements. After all, supplements have such an influence on the health and wellness industry these days, so if you're at all into healthy life—regular workouts, eating well,...
4 Technologies Impacting Trucking and Logistics
The trucking and logistics industry keeps the country moving forward, carrying more than 70% of the country's retail goods from point A to point B. We've come a long way since the days of the Pony Express and only being able to purchase things manufactured locally....
5 Ways to Write Quality Content that Will Bring More Traffic
Focusing on high-quality content publication is the only way you can succeed in the website business. However, sometimes coming up with the right content is a bit difficult just because you have to do that every single day. You cannot establish your online brand if...