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A cyclospora outbreak affecting thousands tests newly appointed HHS Secretary Kennedy’s promise to overhaul the food system and rebuild trust in federal health agencies amid budget cuts and staffing shortages.
The UK’s trade deal with the US faces challenges as the EU secures better tariff terms, partly due to implementing forced labour legislation that Britain has not adopted.
Moody’s warns that massive AI infrastructure spending at tech giants is eroding free cash flow and increasing balance-sheet risk, threatening credit quality despite strong current positions.
Prime Minister Andy Burnham announced a 20% business rates reduction for pubs, clubs and live music venues, expected to cost £100m. Industry figures say the relief offers modest savings compared to other financial pressures facing hospitality businesses.
Volkswagen reports a steep profit decline and cuts revenue forecasts due to a sales slump in China, planning to eliminate up to 100,000 jobs as part of a major restructuring program.
UK labor leaders and lawmakers are pushing the government to award a £2.4bn military satellite contract to Airbus rather than US competitor Lockheed Martin, citing concerns over job losses.
