COVID 19 Articles

New Chancellor John Healey faces pressure to increase public investment while adhering to fiscal rules, with economists suggesting greater borrowing flexibility through existing or new mechanisms.

Sir Ian Wood, who built Wood Group plc into a $12bn global oil and gas engineering conglomerate operating in over 60 countries, has died aged 84. He later devoted himself to philanthropy focused on sub-Saharan Africa and renewable energy transition.

The EU has notified five Caribbean nations to eliminate their citizenship-by-investment programs or face losing visa-free Schengen access by 2028, threatening crucial government revenue sources.

Family offices maintained steady dealmaking in July with 57 direct investments, showing particular interest in clean energy and sustainability startups amid growing demand for renewable power sources.

Ford announced its new midsize electric pickup truck, the Fathom, will start at $28,350, positioning it as an affordable option in the EV truck market.

Savers Value Village launches ThriftIQ, an AI-powered pricing tool designed to optimize product pricing across apparel and improve consistency across its thrift store operations.

Global food prices reached their highest level in three and a half years in July, driven by summer heatwaves, regional conflicts, and climate patterns affecting major crop-producing regions.

Rockstar Energy founder Russ Savage has acquired a 4.7% stake in Celsius Holdings and is calling for the replacement of its CEO following the company’s recent earnings miss.

Stoke-on-Trent-based engineering firm Goodwin is considering selling a substantial portion of its mechanical engineering division, which supplies components to UK and US defence and nuclear programmes.

Burger King has reclaimed the position of second-largest burger chain in the U.S. by systemwide sales, surpassing Wendy’s after six years of competition between the two chains.