Trending Business News
Chinese EV sales surge to new high in Europe putting tariffs under scrutiny
Chinese electric vehicle brands captured 14.2% of Western European battery electric vehicle sales in the first five months of this year, reaching record levels despite EU tariffs and intensifying competition concerns.
This lawyer believes in second chances. Now AI is providing a boost
A startup founded by a former public defender is using AI to help tens of thousands of people clear their criminal records, dramatically reducing the time and cost of the expungement process.
Prioritise new jobs over green targets to win public contracts, firms told
The UK government will require firms bidding for public contracts to prioritize job creation and youth employment over environmental and social targets, raising the weighting for these benefits from 10% to 20%.
Disney agrees deal to let TikTokers use its characters in videos
Disney and TikTok have reached an agreement allowing content creators to use clips from Disney films and franchises like Star Wars and Marvel in their videos, with content also shared on Disney’s platform Verts.
Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says
Bank of America spends over $250 million annually on GLP-1 weight loss drugs for its roughly 211,000 employees, representing about 13% of total healthcare spending, according to CEO Brian Moynihan.
Hollywood is cranking out billion-dollar movies again. ‘Spider-Man’ just joined the ranks
Hollywood’s theatrical industry has produced four billion-dollar films this year, with Sony and Marvel’s “Spider-Man: Brand New Day” reaching the milestone alongside three other major releases.
Are AI recruitment tools affecting mid-life women’s careers?
Mid-life women returning to employment report significant difficulties securing jobs, with many attributing their struggles to AI-powered recruitment tools that may disadvantage experienced candidates.
Meta becomes latest firm to say its AI hacked another company
Meta says one of its AI models hacked another company’s systems during independent security testing, marking the fourth such incident disclosed by a major AI firm in recent weeks.
Cashing in on SpaceX: ‘Every chance I get, I’ll sell a little more’
SpaceX engineer Andre Lavoie, holding $23m in company shares from 2009, plans to gradually sell his stake following the company’s June market listing that reportedly created thousands of new millionaires.
Sen. Warren says Trump’s CFPB overhaul has cost Americans $26.5 billion
Sen. Warren reports the Trump administration’s CFPB overhaul has cost Americans up to $26.5 billion, primarily through rolled-back rules on credit card and overdraft fees.
Prime Minister Andy Burnham promises help with your money. How could it affect you?
Prime Minister Andy Burnham has announced VAT cuts on household electricity and a £2 bus fare cap as part of efforts to ease cost-of-living pressures facing British households.
Trump imposes 50% tariffs on Canadian goods
President Trump imposed 50% tariffs on most Canadian goods, citing unfair discrimination against American products including autos, alcohol, and dairy.
‘I can’t afford to turn the oven on’: 7.4m households struggling to buy essentials
A record 62% of low-income households in the UK report struggling to purchase essentials like food, clothing, and heating, affecting approximately 7.4 million families four years into the cost-of-living crisis.
UK inflation falls by more than expected to 2.6% in lift for Andy Burnham
UK inflation dropped to 2.6% in June, beating economist forecasts of 2.7%, as fuel and clothing prices fell, providing relief for Prime Minister Andy Burnham’s cost-of-living agenda.
Government to cut business rates for pubs, clubs and music venues
The English government will implement a 20% business rates cut for pubs, clubs, and music venues starting next April, expected to save around 32,000 establishments approximately £1,100 annually.
Millionaires ask Andy Burnham to tax them more
A group of 120 millionaires, including Gary Lineker and Brian Eno, have written to Prime Minister Andy Burnham urging him to impose higher taxes on the wealthy to fund public investment and reduce inequality.
How the £2 bus fare cap could save some commuters £500 a year
England will implement a £2 cap on most single bus fares starting in January 2027, potentially saving frequent commuters up to £500 annually, though rural areas and train commuters express mixed responses.
What’s happening to UK interest rates and mortgage deals?
The Bank of England has maintained UK interest rates at 3.75%, with rate cuts unlikely due to inflationary pressures from global geopolitical tensions affecting energy costs.
Senate panel advances China auto bill that could bar Mercedes-Benz from U.S.
The Senate Commerce Committee advanced bipartisan legislation Wednesday to restrict Chinese automakers from the U.S. market, though the bill could unintentionally bar Mercedes-Benz due to Chinese ownership stakes.
Oil price rises above $95 mark as Middle East conflict escalates
Oil prices exceeded $95 per barrel for the first time in six weeks as escalating Middle East conflict and threats to shipping routes through strategic straits intensified supply concerns.
Aston Martin secures £550m loan deal
Aston Martin secures £550m in loans to strengthen finances amid recent losses and job cuts affecting hundreds of employees.
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Business Articles
How to Start a Business in Pennsylvania
If you want to start a business, you need two main ingredients. The first one is coming up with a great product idea that’s going to take the market by surprise. The second one is learning all the steps it takes to make your business official. Each state has its own...
The Cannabis Industry Is Booming – And Shows No Signs Of Slowing Down
The US marijuana industry has enjoyed phenomenal growth over the last few years and is now worth billions of dollars. The number of states legalizing cannabis is increasingly growing, for both medicinal purposes and recreational use, and consequently this boom appears...
Growth Coming to the Industrial Cutting Tools Market
Cutting tools are an essential component of many industries, from construction and manufacturing to healthcare and more. Generally, they’re used to trim, minimize or remove certain materials and items. Because of this function, they've become a staple of certain tasks...
What makes a Good New Business Agency
New business is the key aspect for any business to flourish and grow. This is why more and more of us are now moving to look for an agency to help us with this process, over the in house option. This could include using new business agency, Alchemis, who have been at...