News from The Guardian – Business
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NCA freezes £90m of London property linked to former Bangladesh regime
The UK authorities have blocked access to substantial London real estate assets valued at nearly £90 million, connected to individuals associated with the previous Bangladeshi lead...
Read Full Article →Trump threatens 25% tariff on Apple and Samsung phones not made in US
The announcement caused a significant market reaction, leading to a substantial decline in Apple’s market value and increasing expectations for domestic manufacturing of its smartp...
Read Full Article →Reform UK promises to reverse ban on new North Sea oil drilling if elected
If elected, Reform UK plans to invest public funds in new North Sea hydrocarbon projects, aiming to boost employment and reduce reliance on external energy sources.
Read Full Article →Thames Water boss ordered to tell MPs if executives received bonus payments
The controversy centers on whether senior employees at the major water firm received large incentives tied to a significant emergency loan despite ongoing financial difficulties.
Read Full Article →M&S contractor ‘investigating whether it was gateway for cyber-attack’
The potential cybersecurity breach involving a key IT service provider could lead to significant financial losses for the retailer due to operational disruptions, reputational dama...
Read Full Article →OnlyFans owner in talks to sell UK-based adult content platform for £5.9bn
The potential transaction involving a prominent subscription platform valued at £5.9 billion highlights significant investor confidence in its strong annual revenue generation of a...
Read Full Article →Trump vowed to help US farmers. These four say his policies are ‘wreaking havoc’
Recent government actions, including trade restrictions and budget reductions for agricultural programs, have caused financial strain for many farmers who had supported the adminis...
Read Full Article →Trump threatens Apple with 25% tariff unless iPhones are made in US – business live
The announcement of increased import duties on foreign-made smartphones has prompted a surge in German manufacturing and exports, contributing significantly to stronger economic gr...
Read Full Article →A battle is under way for the soul of a Brighton GP surgery | Polly Toynbee
The transfer of the Wellsbourne GP contract to a profit-focused company highlights the financial pressures and competitive bidding that can prioritize cost savings over community h...
Read Full Article →Sunny spring drives biggest jump in retail sales in Great Britain in four years
The unexpectedly high 1.2% increase in retail sales during April contributed to the strongest quarterly growth in nearly four years, positively impacting overall consumer-driven ec...
Read Full Article →Consortium led by RedBird Capital agrees to buy Telegraph for £500m
The acquisition of the Telegraph for £500 million by a group led by RedBird Capital marks a significant investment, resolving prolonged uncertainty about the publication's ownershi...
Read Full Article →Typical energy bill in Great Britain to fall 7% to £1,720 a year from July
Starting in July, the average British household can expect to spend approximately £129 less annually on combined gas and electricity charges due to new regulatory adjustments refle...
Read Full Article →‘Ludicrous and unfair’: older workers react to pressure to delay retirement
The International Monetary Fund advises extending workforce participation among older individuals to address increasing fiscal challenges associated with an ageing population and e...
Read Full Article →Fear, hope and loathing in Elon Musk’s new city: ‘It’s the wild, wild west and the future’
The recent formal establishment of Starbase in Texas marks a strategic development that could attract investment and influence regional economic growth through advanced aerospace a...
Read Full Article →World’s seven wealthiest countries agree to counter China’s trade practices
The agreement among leading global economies aims to mitigate trade-related economic distortions, potentially impacting international markets and influencing future financial polic...
Read Full Article →FTC drops case over Microsoft’s $69bn Activision Blizzard acquisition
The abandonment of the legal challenge allows Microsoft to finalize its significant investment in the gaming industry, potentially impacting market dynamics and shareholder value i...
Read Full Article →Trump to host dinner for top holders of his crypto token – although many lost money with it
Although shareholders gathered for a special event hosted by Donald Trump, many experienced significant financial setbacks due to the volatility and losses associated with the cryp...
Read Full Article →FTC investigates media watchdog over Musk’s X boycott claims, document shows
The investigation could impact advertising strategies and revenue flows for involved media evaluation groups, potentially influencing future collaborations and financial dynamics w...
Read Full Article →The Guardian view on Starmer’s U-turn: change direction – or keep losing support | Editorial
The reversal of the proposed fuel payment cuts highlights the financial risks political decisions pose, as misjudged policies can lead to significant voter dissatisfaction and pote...
Read Full Article →Defeat in Europe gives Manchester United shares a kicking
Manchester United’s failure to secure a spot in next season’s Champions League has caused a significant decline in its stock value, reflecting an estimated revenue loss of approxim...
Read Full Article →‘Pro-worker priorities’? Trump’s budget offers the exact opposite | Steven Greenhouse
The proposed budget plan prioritizes significant reductions in social welfare programs, resulting in substantial financial relief for affluent individuals while potentially increas...
Read Full Article →House passes Trump’s sweeping tax-cut bill, sends it to Senate
The recently approved legislation aims to implement significant tax reductions and increased military spending, potentially increasing the national deficit by nearly four trillion...
Read Full Article →UK private sector shrinking as firms cut jobs; pressure to raise taxes as government borrowing jumps...
Rising government borrowing in the UK highlights increased fiscal challenges, as economic contraction and job reductions in private firms intensify pressure on budget policies and...
Read Full Article →UK petrol prices poised to fall further as oil production may be stepped up
The potential increase in oil production by major producers is contributing to a decline in global crude prices, which could lead to reduced fuel costs and financial relief for con...
Read Full Article →How Elon Musk ‘colonised’ a corner of Texas to build his own space city - video
Elon Musk’s development of a private space hub in a modest Texas county has attracted investment and generated economic changes that impact local property values and community reso...
Read Full Article →Government considers sale of Brexit border checkpoint in Kent – reports
The potential sale of the border facility in Kent may reflect cost-saving measures due to decreased demand for customs inspections following recent changes in trade arrangements wi...
Read Full Article →Will cyber-attack threaten M&S’s hard-won return to fashion relevance?
A potential cyber-attack could impact online sales, which are crucial for sustaining the recent growth and improved profitability Marks & Spencer has achieved through its fashion-o...
Read Full Article →UK borrowing rises to £20.2bn, putting pressure on Rachel Reeves
The unexpected increase in public sector borrowing to £20.2 billion highlights the ongoing challenge of balancing economic growth and fiscal responsibility for the UK government.
Read Full Article →WeightWatchers scraps business model to team up with anti-obesity drugs provider
The collaboration with a pharmaceutical company offering GLP-1 treatments represents a strategic move for the brand to diversify revenue streams and address declining market compet...
Read Full Article →How the idea for a Trump Tower in Damascus was born
The proposed construction of a 45-storey, $200 million skyscraper in Damascus was intended to encourage easing of economic restrictions by appealing directly to the United States g...
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