News from The Guardian – Business
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UK firms cutting staff at fastest pace since February as economy struggles
Rising taxation and international trade tensions are prompting UK companies to reduce their workforce rapidly, impacting overall economic growth and business investment levels, acc...
Read Full Article →Starmer and Modi hail ‘historic day’ as UK-India trade deal is signed
The newly established agreement between the UK and India is expected to enhance economic growth by nearly £5 billion annually and stimulate investment worth approximately £6 billio...
Read Full Article →Tesla’s European sales down a third after Musk warns of ‘rough quarters’ ahead – business live
Tesla’s reduced vehicle deliveries in Europe have contributed to lower regional revenue, highlighting challenges in maintaining market share amid a broader economic slowdown and ri...
Read Full Article →Newsman or businessman? Murdoch walks tightrope in battle with Trump
The ongoing legal dispute between Murdoch’s media company and Trump highlights potential financial risks and reputational challenges that could impact the conglomerate’s market pos...
Read Full Article →Lloyds boss warns Reeves against hiking taxes on banks as profits rise 17%
Charlie Nunn emphasized that raising levies on financial institutions amid their increasing earnings could undermine government efforts to stimulate economic expansion.
Read Full Article →Donald Trump will add to pressure on Jerome Powell with visit to Federal Reserve
The president’s unexpected visit to the Federal Reserve could influence monetary policy decisions amid tensions regarding major refurbishment expenses and reluctance to lower borro...
Read Full Article →ITV announces new cost-cutting drive as half-year profits fall 44%
ITV's announcement of additional savings and a reduced programming budget reflects its response to declining advertising income and a substantial decrease in pre-tax earnings durin...
Read Full Article →‘People said it would never be done’: UK and India trade agreement defies expectations
The £4.8 billion agreement between the UK and India marks a significant shift in trade relations, expected to enhance market access for various industries and support economic grow...
Read Full Article →Trump announces Japan trade deal as doubt cast over future of PM Ishiba
The newly revealed agreement between the United States and Japan is expected to influence financial markets and investor confidence, alleviating some of the recent economic and pol...
Read Full Article →City trader case always had a whiff of scapegoating | Nils Pratley
The overturning of convictions in this high-profile manipulation case raises important concerns about regulatory oversight, legal processes, and their impact on market integrity an...
Read Full Article →Help wanted: Reeves seeks heavyweight economic advisers as budget looms
As the autumn budget approaches, the Chancellor aims to strengthen her economic team by appointing experienced advisers to support fiscal decision-making and address productivity c...
Read Full Article →EU prepares €100bn no-deal plan to match Trump’s threat of 30% tariffs
If approved, the European Union’s planned tariffs on a broad range of American products could significantly impact trade flows and economic relations between the two largest global...
Read Full Article →Heathrow fire cost airport tens of millions of pounds, says CEO
The recent incident at Heathrow resulted in substantial financial impacts, with the chief executive indicating significant losses and potential legal action pending regulatory revi...
Read Full Article →Two City traders win appeals against rate rigging convictions after ‘Kafkaesque nightmare’ – busines...
The overturning of key financial convictions and progress in trade negotiations have contributed to improved investor confidence, potentially reducing tariff-related costs for majo...
Read Full Article →Financial markets rally after Trump announces tariff deal with Japan
Global stock indexes experienced notable gains as the announcement of a reduced tariff rate on Japanese products boosted investor confidence and positively impacted market valuatio...
Read Full Article →UK watchdog to take action over Apple and Google’s mobile platforms
The UK regulator aims to enhance competition by addressing the dominant positions of major technology firms, potentially impacting market dynamics and financial opportunities for a...
Read Full Article →City trader Tom Hayes’s conviction for Libor rigging is overturned
The Supreme Court’s decision to overturn convictions related to the Libor manipulation case may prompt financial institutions to reassess past compliance and legal strategies in in...
Read Full Article →UK watchdog investigates eight years of Deloitte audits of mining firm Glencore
The investigation into Deloitte’s long-term audits of Glencore highlights potential concerns about the accuracy and reliability of financial statements affecting investor trust and...
Read Full Article →Indian prime minister makes UK state visit to sign landmark trade deal
The new trade arrangement between the UK and India is expected to enhance key industries in Britain while offering India improved travel access, indicating a deepening economic rel...
Read Full Article →OpenAI CEO tells Federal Reserve confab that entire job categories will disappear due to AI
The advancement of AI technologies is expected to significantly impact labor markets and economic structures, potentially leading to widespread workforce shifts and altering the de...
Read Full Article →Trump claims new CBS owner will gift him $20m worth of airtime after $16m settlement
Following a $16 million agreement with Paramount, the new CBS owner is said to offer significant advertising and programming opportunities to Donald Trump, highlighting potential i...
Read Full Article →Telegraph sale poised to go ahead after Lords foreign ownership vote
A consortium led by RedBird Capital is set to acquire the Telegraph for £500 million, enabling the United Arab Emirates to maintain a 15% ownership following recent legislative app...
Read Full Article →More than 100 survivors of alleged sexual abuse enter Harrods scheme for compensation
The compensation program established by the retailer has financial implications as it involves disbursing settlements to over one hundred claimants related to historical abuse alle...
Read Full Article →A ‘golden age’ for nuclear power? Sizewell C must hit budget first
The financial outlook of the Sizewell C project is crucial, as significant cost increases could lead to greater expenses for consumers while private investors seek attractive retur...
Read Full Article →NPR’s editor-in-chief to step down days after Congress cuts $1.1bn in funding
Edith Chapin’s decision to resign follows a significant reduction in government allocations that impacts the primary source of financial support for public broadcasting entities in...
Read Full Article →From grifter to guru: Hannah Ingram-Moore’s TikTok reinvention is an inspiration to us all | Claire...
Hannah Ingram-Moore’s transition into a resilience coaching role represents a shift from previous financial controversies involving significant earnings and promises connected to c...
Read Full Article →UK strikes deal with private investors to build £38bn Sizewell C nuclear power plant
The agreement involving both public and private stakeholders secures essential capital for constructing a large-scale nuclear facility, significantly impacting future energy costs...
Read Full Article →Coca-Cola to launch Coke with cane sugar in the US after Trump post
Coca-Cola's introduction of a new beverage using domestically sourced cane sugar may influence consumer preferences and supply chain costs, potentially affecting the company's mark...
Read Full Article →BoE governor warns Reeves weakening banking rules risks repeat of 2008 crisis
The Bank of England's governor cautions that loosening financial regulations extensively may increase the likelihood of instability in the banking sector, potentially undermining l...
Read Full Article →GM says Trump tariffs knocked $1.1bn off its operating income last quarter
General Motors reported a substantial decline in second-quarter profits partly due to trade measures, anticipating increased financial challenges in the upcoming quarter that could...
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