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Bumble to axe almost a third of staff as dating app struggles
Bumble's decision to reduce its workforce by nearly a third highlights ongoing financial challenges despite its previous market success and rapid valuation growth.
Read Full Article →Turmoil and trade wars dominate China's 'summer Davos'
The ongoing conflicts and escalating trade tensions contribute to global economic instability, creating challenges for markets and influencing international investment decisions du...
Read Full Article →'A slap in the face' - Asos bans shoppers for making too many returns
The company’s new policy targeting frequent product returns aims to reduce operational costs, although it has sparked debate over its impact on customer satisfaction and fairness.
Read Full Article →UK vows to spend 5% of GDP on national security by 2035
The UK plans to allocate a substantial portion of its economic output toward enhancing defense capabilities, reflecting a long-term commitment to strengthening national security by...
Read Full Article →Oil prices tumble after Israel agrees to Iran ceasefire
The recent agreement between Israel and Iran has led to a significant decline in crude oil value, falling over 5% to levels not seen since the initial conflict began.
Read Full Article →Google may be forced to make changes to UK online search, says watchdog
The regulatory body’s intervention could alter Google's market presence in the UK, potentially impacting advertising revenues and prompting adjustments in the digital search landsc...
Read Full Article →Strait of Hormuz: What happens if Iran shuts global oil corridor?
A potential closure of the key maritime route by Iran could disrupt international oil supplies, leading to increased energy prices and widespread economic instability across multip...
Read Full Article →'Dismal' month for supermarkets pushes down retail sales
Retail sales experienced a notable decline in May, marking the sharpest monthly decrease in sales volume since the end of last year, reflecting challenging conditions for supermark...
Read Full Article →Adorable or just weird? How Labubu dolls conquered the world
The increasing global popularity of Labubu dolls has significantly boosted their manufacturer's earnings and is considered by some to enhance China's cultural influence internation...
Read Full Article →New emissions guidance for oil and gas projects
The updated regulatory framework could influence investment decisions and operational costs for energy companies involved in the development of key oil and gas reserves off the coa...
Read Full Article →Bank of England expected to hold interest rates at 4.25%
Market observers anticipate that the central bank will maintain the current borrowing cost level temporarily, which could influence lending rates and economic activity before any p...
Read Full Article →Fed holds interest rates for fourth time despite tariff turmoil
The Federal Reserve's decision to maintain the benchmark interest rate at 4.3% reflects growing economic concerns while aiming to balance inflation control and support financial st...
Read Full Article →Japan's Nippon seals controversial US Steel deal after Trump pact
Nippon's acquisition of the US steel company involves a unique government agreement that could impact ownership rights, reflecting strategic financial and regulatory considerations...
Read Full Article →Chocolate prices soar as UK inflation stays at highest in over a year
Rising food costs for the third consecutive month in May contributed to sustained inflationary pressure in the UK, maintaining the highest rate seen in more than a year and impacti...
Read Full Article →Opening of HS2 line set to be delayed beyond 2033
The postponement of the HS2 rail project is expected to impact government budgets and allocation of public funds, potentially increasing overall costs and affecting future infrastr...
Read Full Article →UK watchdog fines 23andMe for 'profoundly damaging' data breach
The regulatory penalty imposed on the DNA testing company highlights financial challenges amid its bankruptcy proceedings and upcoming ownership transfer, potentially impacting its...
Read Full Article →Experts question whether $499 gold Trump phone can be US-made
The proposed $499 Trump-branded phone raises questions about its domestic manufacturing, highlighting potential challenges in leveraging the former president’s brand for profitable...
Read Full Article →Trump signs order confirming parts of UK-US tariff deal
The agreement between the United States and the United Kingdom aims to lower import taxes on specific products, including automobiles, potentially influencing trade costs and econo...
Read Full Article →US deal 'may force UK biofuel plant to close'
The recent trade agreement between the US and UK has created financial challenges for the UK biofuel facility, significantly affecting its operational viability and potentially lea...
Read Full Article →Reeves vows to shield UK from Israel-Iran price shock
The chancellor emphasized that all options remain open to mitigate the potential economic consequences of rising energy costs due to tensions between Israel and Iran.
Read Full Article →Sainsburys and Morrisons told to stop tobacco ads
The government’s enforcement of a longstanding advertising ban on tobacco products may impact Sainsburys and Morrisons by limiting promotional opportunities, potentially influencin...
Read Full Article →'We sit in the dark to save money on electricity'
Over 100 individuals participated in a Saturday protest to highlight public concern over rising electricity costs that exceed inflation, emphasizing the financial strain on househo...
Read Full Article →How the Israel-Iran conflict could affect energy prices
Tensions in the Middle East have the potential to disrupt supply chains and increase costs for energy commodities, potentially resulting in broader economic impacts such as rising...
Read Full Article →Badenoch calls for end to oil and gas windfall tax
The proposed removal of the additional tax on oil and gas companies aims to encourage new exploration activities, potentially impacting government revenues and investment in the en...
Read Full Article →Global oil prices soar after Israel attacks Iran
Rising crude oil costs influence a wide range of expenses, including transportation, manufacturing, and everyday consumer goods, ultimately impacting household budgets and global e...
Read Full Article →What does the Air India crash mean for Boeing?
The recent incident involving Air India's 787 Dreamliner may impact Boeing's market perception and influence future sales, insurance costs, and regulatory scrutiny despite the mode...
Read Full Article →Poundland sold for £1 with shops set to close
The acquisition of Poundland for a nominal fee highlights financial challenges, with plans to shut around 100 of its 825 UK outlets as the new management restructures operations.
Read Full Article →Trump claims rare earths deal 'done' with China
The agreement between the United States and China could influence global markets by potentially stabilizing supply chains and affecting prices in industries reliant on rare earth e...
Read Full Article →Winners and losers: Who got what in the spending review?
The recent government spending review allocated varying budgets to different departments, potentially influencing public services and economic priorities across multiple sectors in...
Read Full Article →WhatsApp tells BBC it backs Apple in legal row with UK over user data
WhatsApp’s support for Apple in the dispute with the UK government highlights concerns that forced data access policies might impact the financial stability of technology companies...
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