News from The Guardian – Business
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Finance firms’ claim to be ‘saving the world’ was a mistake, says City veteran
Some financial firms may face legal challenges after overstating their impact on sustainability, potentially undermining investor trust and affecting the valuation of pension and i...
Read Full Article →M&S CEO: ‘vast majority of cyberattack impact will be behind us by August’ – business live
Despite ongoing geopolitical tensions and tariff impacts, recent data indicates steady demand recovery and sales growth within retail and production sectors, suggesting cautious op...
Read Full Article →Great Britain’s energy networks to get £24bn upgrade but bills to rise
The authorized multi-billion-pound improvements to the electricity and gas infrastructure are expected to enhance energy capacity, although consumers will likely experience higher...
Read Full Article →Sainsbury’s boss warns over retail taxes after ‘high impact’ NI rise
The increase in national insurance contributions has notably affected employment costs in the retail sector, prompting concerns about potential tax rises that could impact business...
Read Full Article →Brazil’s last asbestos miners are switching to rare earth minerals. Can they offer a brighter future...
The shift of miners in Minaçu towards extracting rare earth elements could significantly impact global supply chains by providing an alternative source crucial for manufacturing cl...
Read Full Article →UK house prices fall by most in more than two years
The reduction in property values amid decreased buyer interest following tax changes highlights a temporary cooling in the UK housing market, potentially affecting investment and l...
Read Full Article →British overseas territories miss final deadline to crack down on ‘dirty money’
The failure of certain island jurisdictions to implement required ownership disclosure rules may undermine efforts to prevent illicit financial flows and impact regulatory confiden...
Read Full Article →Food prices pushed up by hot weather hitting harvest yields, say UK retailers
The recent increase in temperatures has led to lower crop yields, causing fruit and vegetable costs to rise and significantly influencing the overall growth in food price inflation...
Read Full Article →To all who think capitalism can drive progressive change, it won’t – and here’s the shocking proof |...
Aberdeen Group’s abrupt termination of a long-standing fund dedicated to inequality research highlights potential shifts in corporate priorities that may affect future investment i...
Read Full Article →‘My mind was shrieking: “What am I doing?”’ – when the digital nomad dream turns sour
The rise in remote work abroad has influenced global income patterns, as many individuals face unanticipated expenses and emotional challenges that impact their overall financial s...
Read Full Article →Musk vows to unseat lawmakers who support Trump’s ‘big, beautiful bill’
Elon Musk has expressed strong opposition to a proposed budget measure that could raise the national debt by $3.3 trillion, indicating potential political consequences for its supp...
Read Full Article →King Charles to receive £132m next year after crown estate makes £1.1bn profit
The Crown Estate’s substantial increase in profits, largely driven by growth in renewable energy investments, will result in King Charles receiving a significantly higher annual in...
Read Full Article →Prada accused of cashing in on Indian culture with Kolhapuri-inspired sandals
Prada’s sandals, influenced by traditional Indian craftsmanship, have attracted scrutiny that may impact the brand’s reputation and sales, highlighting the financial risks of cultu...
Read Full Article →US dollar has worst first half in more than 50 years amid Trump tariffs
The significant decline in the US dollar's value reflects investor worries that recent trade measures and geopolitical tensions may undermine its status as a preferred currency for...
Read Full Article →Health inequality is linked to gross disparities in wealth | Letters
Significant differences in financial resources contribute to varying health outcomes, indicating that addressing economic inequality is essential for improving overall public healt...
Read Full Article →How gen Z is rewriting money rules: ‘I thrift, I splurge, I save 25%’
Generation Z employs distinct budgeting strategies influenced by economic pressures, often balancing spending on digital services and essential expenses while prioritizing diverse...
Read Full Article →The way to tackle obesity in the UK is to make healthy food affordable. But the government won’t adm...
Addressing obesity effectively requires reducing the cost difference between nutritious and processed foods, as current price disparities significantly impact consumers' purchasing...
Read Full Article →Lindsey oil refinery owner Prax falls into administration as ministers urged to intervene
The collapse of the Lindsey oil refinery’s owner has significant economic implications, threatening nearly ten percent of the nation’s fuel production capacity and causing uncertai...
Read Full Article →UK economic growth confirmed at 0.7% in first quarter; Lincolnshire oil refinery calls in administra...
The confirmation of steady economic expansion alongside improvements in mortgage approvals suggests growing consumer confidence, which may support housing market activity and signa...
Read Full Article →Disabled Amazon workers in corporate jobs allege ‘systemic discrimination’
Allegations of discriminatory practices and potential legal noncompliance by Amazon regarding accommodation requests could lead to financial liabilities and reputational impacts af...
Read Full Article →Dear PM, thanks for the welfare concessions, but I still won’t vote for your bill. Scrap the whole t...
The proposed changes to disability support reduce government spending but may also increase financial hardship for vulnerable individuals who depend on such benefits for essential...
Read Full Article →WH Smith cuts sale price of high street business by £12m
Following a period of declining performance, WH Smith agreed to reduce the transaction amount for its retail division by £12 million during negotiations with Modella Capital.
Read Full Article →UK households hit by squeeze on living standards despite fastest growth in G7
Despite the UK economy expanding more rapidly than other G7 nations, increased taxes and inflation led to lower real disposable income per household, reducing overall financial res...
Read Full Article →Number of new UK entry-level jobs has dived since ChatGPT launch – research
Since late 2022, the availability of beginner-level employment opportunities in the UK has significantly decreased, reflecting a shift in workforce demand influenced by advancement...
Read Full Article →What would happen if Thames Water is temporarily renationalised?
Temporarily transferring ownership of Thames Water to the government could stabilize its finances by managing debts and investments while ensuring continued service for millions of...
Read Full Article →Britons could soon install balcony solar panels in flats and rental homes
If approved, the new regulations may allow residents of flats and rental properties to reduce their electricity expenses by using easily installed solar devices similar to those co...
Read Full Article →Are rents affordable in Amsterdam? Not if you are a newcomer | Amber Howard
Rising housing costs in Amsterdam have widened economic disparities, as increasing market prices and rent hikes strain newcomers while longstanding residents benefit from longstand...
Read Full Article →Shiploads of cars ready to set sail for US from UK as trade deal kicks in
The initiation of the new agreement between the UK and US is anticipated to boost vehicle exports significantly, although concerns have been raised about the economic impact on Bri...
Read Full Article →Canada ditches tax on tech giants in bid to restart US trade talks
By removing the levy on technology companies, Canada aims to improve trade relations and potentially secure a bilateral agreement with the United States by late July, impacting cro...
Read Full Article →As a visibly physically disabled MP, my view on the welfare bill is clear: we need a reset and fast...
The proposed welfare reforms could significantly impact government expenditures and resource allocation, influencing financial support systems aimed at disabled individuals and pot...
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