Trending Business News
Tewolde Gebremariam: Air India’s new CEO faces financial and safety turbulence
Air India has appointed Tewolde Gebremariam, former CEO of Ethiopian Airlines, as its new chief executive as the carrier navigates financial losses and safety concerns following a fatal crash last year.
Fox won’t renegotiate NFL media rights before current deal expires, CEO Lachlan Murdoch says
Fox will not renegotiate its NFL media rights deal until closer to 2030, when its current contract expires, CEO Lachlan Murdoch announced during an earnings call.
Fox advertising, streaming service Tubi get boost from World Cup
Fox Corporation’s advertising revenue surged 78% in its latest quarter, largely driven by the FIFA World Cup tournament held in North America this summer and growth from its free streaming service Tubi.
American Airlines will stop upgrading elite flyers to business from coach on long domestic flights
American Airlines will restrict complimentary business-class upgrades for elite frequent flyers on certain long-haul domestic routes, offering premium economy upgrades instead beginning Aug. 25.
July’s heatwaves kept UK shoppers away from high street
UK high street footfall declined 3.8% year-on-year in July as heatwave temperatures drove shoppers online instead, with London particularly affected by extreme heat.
How a 90-second power outage sparked chaos for train commuters
A 90-second power outage at Network Rail’s Manchester operations centre caused widespread disruption across the North West rail network, raising questions about system resilience and centralized control infrastructure.
Cyclospora fears lead consumers to lose their appetite for salads
A cyclospora outbreak linked to contaminated lettuce has caused salad sales to plummet across restaurants and grocery stores this summer, though signs of recovery are emerging.
DPD temporary workers may have missed out on sick pay and pensions, internal documents show
Internal documents suggest temporary workers at courier firm DPD may have missed out on statutory sick pay and pension contributions, raising questions about employment compliance.
AI push is putting banks at mercy of tech firms, warns Moody’s
Moody’s warns that banks’ rapid adoption of AI is creating dangerous dependence on a small group of tech firms, risking widespread outages and vendor price increases.
Federal Reserve looks for ‘secret sauce’ behind a successful Wisconsin toolmaker
Snap-on, a century-old Wisconsin toolmaker, thrives by customizing 85,000 different tools for mechanics, maintaining domestic manufacturing despite U.S. economic challenges.
Court ruling freezes Paramount-Warner Bros. merger for now
A federal judge has paused Paramount’s planned $111 billion acquisition of Warner Bros. Discovery, granting a temporary restraining order after multiple states challenged the deal on antitrust grounds.
Amid nurse shortage, a university rolls out the welcome mat for men
Nursing faces a significant shortage, with job openings projected at 189,000 annually, yet men represent only 1 in 8 nurses. Universities like the University of Alabama at Birmingham are actively recruiting men into nursing through targeted marketing and support programs.
Thames Water investors offer ‘golden share’ in bid to head off nationalisation
Thames Water creditors offer government a “golden share” to prevent nationalization, granting ministers veto power over major decisions while maintaining private sector involvement in the debt-laden utility.
Electricity prices: Three reasons why they are high in the UK
UK households pay among Europe’s highest electricity prices due to high gas-generated electricity, wholesale pricing mechanisms, and grid infrastructure costs, despite a planned VAT reduction in October.
Employer’s national insurance should be cut for all under-25s, MPs say
A parliamentary committee urges the government to cut employer national insurance contributions for all under-25s to address youth unemployment, citing over one million young people not in education, employment, or training.
‘Risking blackouts’? How Great Britain’s grid operator was dragged into a political row
Great Britain’s grid operator faced accusations of downplaying strain during summer heatwaves, with whistleblowers alleging senior management ordered inadequate record-keeping to protect the organization’s reputation.
Most bus fares in England to be capped at £2 from January
England’s new prime minister Andy Burnham announced the bus fare cap will revert to £2 from January 2027, a policy expected to cost over £500m and apply to most buses outside London.
Food prices have fallen – but inflation expected to rise from here
UK food inflation hit a two-year low in June as supermarket price wars drove down costs for staples like margarine and sugar, though analysts warn higher energy prices could reverse the trend.
Norway’s national oil company profits double to $11.5bn amid war on Iran
Norway’s state-owned oil company Equinor saw profits nearly double to $11.5 billion in the second quarter, driven by elevated crude prices amid conflict in the Middle East.
Wetherspoon’s issues fourth profit warning in seven months
JD Wetherspoon issues its fourth profit warning in seven months, citing weaker-than-expected sales and rising costs despite World Cup boost.
Inside the Chinese fraud rings stealing billions from banks and retailers
Chinese crime rings are stealing billions from banks and retailers through tap-to-pay fraud schemes, using stolen credit card information to purchase gift cards and merchandise while remaining difficult for authorities to prosecute.
FEATURED
Business Articles
10 Steps to Maintain Your Brand’s Employer Reputation through COVID-19
Now that we’re learning to live with COVID-19, most companies are realizing the importance of employer branding and attracting, retaining and hiring the right kind of talent. As Lori Sylvia, the founder of Rally Recruitment Marketing, puts it, “What happens now will...
How to Increase Employee Engagement
One of the biggest challenges today for HR professionals is how to keep their employees actively engaged. So what is an engaged employee? An engaged employee is one who is enthusiastic, committed and motivated by their work. An engaged employee produces. An engaged...
Improve Your Restaurant’s Efficiency Today with These Tips
Finally it’s summertime or, as many restaurants call it, patio season! While it may seem like business is exploding in the summer when everyone wants to be in the sun for a drink or a bite, the fact is restaurants often need to bulk up in summer for when times get...
Experts Detail The Major Benefits Of Corporate Gifts
As someone who is responsible for running a company, you need to realize how much responsibility you have on your shoulders. You need to go above and beyond to ensure that your company is able to satisfy its customers and its employees. With that being said, the...