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Price of oil could spike after Iran’s parliament votes to close key shipping route
The potential closure of a crucial maritime passage by Iran may disrupt oil supply chains, leading to increased energy costs and heightened economic instability worldwide.
Read Full Article →Minibuses for rural routes are in production | Letter
The production of compact vehicles tailored for less populated areas presents a promising market for manufacturers, supported by recent substantial government investments in transp...
Read Full Article →Small business owners aren’t jumping for joy about the US economy – but they still aren’t jumping sh...
Despite facing challenges like inflation and labor shortages, small businesses continue to contribute significantly to employment, highlighting their critical role in sustaining th...
Read Full Article →Economic policymaking needs to adapt to the climate emergency | Heather Stewart
Addressing rising prices caused by supply disruptions linked to environmental challenges demands comprehensive economic strategies beyond traditional monetary policy adjustments.
Read Full Article →Labour scraps £950m EV rapid charging fund first announced by Conservatives
The government has reallocated £400 million to install electric vehicle chargers on urban streets rather than motorways, reducing the original funding intended to accelerate nation...
Read Full Article →Tesla set to unveil self-driving car service in Austin
Tesla’s introduction of autonomous taxis in Austin could potentially impact the company’s revenue streams by expanding its mobility services and advancing its position in the self-...
Read Full Article →Funeral scams: ‘It’s hard to imagine a more callous form of fraud’
Fraudsters exploit grieving individuals by creating fake live stream links of funeral services, deceiving them into providing payment details or donations, causing financial losses...
Read Full Article →UK government unveils £275m investment in training and apprenticeships in England
The government plans to allocate £275 million toward enhancing vocational education and skill development in England, aiming to support manufacturing sectors and advance technologi...
Read Full Article →Who’s the boss? The ousted car sales tycoon versus his private equity investor
The conflict between Peter Waddell and his private equity backer highlights the financial risks and power struggles that can emerge when rapid business growth intersects with leade...
Read Full Article →Why does this billionaire have 100 kids in 12 countries? | Arwa Mahdawi
Pavel Durov’s decision to have many children across multiple countries significantly impacts the distribution of his wealth, potentially spreading his financial legacy among a larg...
Read Full Article →‘Not an attractive place to shop’: how Poundland lost its appeal to shoppers
The budget retailer reported a pre-tax loss exceeding £51 million last year, reflecting challenges in attracting customers as increased prices and strong competition impact its mar...
Read Full Article →‘This presidency is a brand-franchise’: Trump has taken the commercialization of politics to a new l...
Donald Trump’s approach to politics has increasingly integrated commercial ventures, significantly boosting his wealth to an estimated $5.4 billion through various high-priced merc...
Read Full Article →Ancient trees are shipped to the UK, then burned – using billions in ‘green’ subsidies. Stop this ma...
The operation relies heavily on substantial government funding, resulting in significant public expenditure to import and combust large quantities of biomass for electricity genera...
Read Full Article →Investing apps: which offer the most for beginners?
Emerging digital investment platforms simplify money management for new users, potentially encouraging more individuals to shift funds from low-yield savings into higher-return sto...
Read Full Article →The ‘sacrifice zone’: villagers resist the EU’s green push for lithium mining
The development of large-scale lithium extraction in the area could significantly impact local economies and resource management, influencing both investment opportunities and long...
Read Full Article →River Island plans to close 33 stores, putting hundreds of jobs at risk
The retailer is undergoing a restructuring that involves shutting multiple locations and threatens significant employment reductions as it addresses financial challenges caused by...
Read Full Article →James Bond owners say name battle is ‘assault’ on 007 franchise
The ongoing legal dispute over trademark rights to the James Bond name could significantly impact the brand’s licensing revenue and future commercial agreements across European mar...
Read Full Article →Amazon under UK investigation over alleged failure to pay suppliers on time
The inquiry into Amazon’s payment practices could lead to financial penalties or regulatory actions if the company is found to have delayed settlements with its grocery suppliers,...
Read Full Article →UK grocery watchdog investigating Amazon over alleged supplier payment delays; company insolvencies...
Rising insolvency rates among businesses in England and Wales highlight ongoing financial strain caused by increasing operational expenses and weak consumer demand, impacting compa...
Read Full Article →The $10bn LA Lakers sale proves sports have outgrown billionaires
The unprecedented $10 billion transaction highlights a trend where ownership of top-tier sports teams increasingly transitions from individual billionaires to large investment grou...
Read Full Article →Reeves may need to raise taxes by £20bn in autumn after UK borrowing rises
The rising government borrowing and a substantial budget shortfall in May have prompted concerns that increased revenue measures might be necessary to manage fiscal targets effecti...
Read Full Article →Paris airshow in subdued mood after deadly Air India crash
The recent tragic aviation accident and ongoing geopolitical tensions have influenced market confidence and tempered commercial activities at a traditionally significant event for...
Read Full Article →I grew up on American food. Trust me, it’s the last thing Europe needs | Alexander Hurst
Allowing increased imports of American agricultural goods into the European market could significantly impact local producers and consumer preferences amid ongoing trade negotiatio...
Read Full Article →UK consumer confidence up but fragile amid tariff and Middle East concerns
Despite a slight improvement in sentiment this June, British household financial outlook remains subdued due to ongoing inflationary pressures and geopolitical tensions affecting e...
Read Full Article →Crystal Palace’s Europa League hopes increase as Johnson closes on £190m deal
The potential acquisition of a significant stake in Crystal Palace by a prominent investor for nearly £190 million could enhance the club’s financial resources and improve its pros...
Read Full Article →UK manufacturing set for a funding boost to reduce energy costs
The upcoming industrial plan aims to provide financial assistance to energy-dependent industries in the UK, helping reduce operational expenses and improve workforce capabilities w...
Read Full Article →Rough ride: how Uber quietly took more of your fare with its algorithm change
Since implementing dynamic pricing, Uber’s increased commission rate has significantly reduced drivers’ income by taking a larger portion of fares through algorithm adjustments.
Read Full Article →How bad is the HS2 fiasco now? So bad it's time to listen to Nigel Farage | Simon Jenkins
The ongoing delays and escalating expenses in the high-speed rail initiative have placed significant strain on public funds, raising concerns about the project's overall economic v...
Read Full Article →Ministers set out plans to spend £725bn on UK infrastructure over 10 years
The government intends to allocate an average of £9 billion annually over the next decade to improve public service buildings, contributing to a total investment exceeding £700 bil...
Read Full Article →Bank’s rate decision leaves frustrated Reeves praying for an August cut
The Bank of England’s decision to maintain current interest rates limits immediate economic stimulus, posing challenges to growth amidst geopolitical tensions and rising living cos...
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