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Brazil sues China carmaker BYD over 'slave-like' conditions
Brazil’s legal action against BYD highlights potential labor violations that could impact the company’s financial stability and investor confidence in both domestic and internation...
Read Full Article →Biofuel plant 'faces closure after US trade deal'
Vivergo Fuels, a biofuel facility near Hull, highlights the need for government assistance soon to sustain operations following recent developments in US trade agreements affecting...
Read Full Article →Temu's Chinese owner sees profits plunge as trade war bites
PDD Holdings experienced a significant decline in earnings, causing its US-traded shares to drop sharply amid ongoing tensions affecting international commerce.
Read Full Article →Second suspect arrested in alleged crypto torture scheme
The case involves substantial financial implications as the victim, a business professional, was targeted in a scheme potentially linked to cryptocurrency-related demands or extort...
Read Full Article →Tesco shoppers mock 'VAR'-style cameras at self-checkout
Tesco’s introduction of advanced cameras at self-checkouts aims to reduce theft, potentially lowering losses and improving overall profitability, despite receiving mixed reactions...
Read Full Article →IMF raises UK growth forecast as it warns on tax and spending
The IMF's updated projection of a 1.2% expansion highlights moderate economic improvement while cautioning that fiscal policies involving taxation and government expenditures may p...
Read Full Article →Beef drives food inflation to highest in a year
Rising beef costs have contributed to an increase in overall food prices, causing the annual inflation rate to reach 2.8% in May, the highest level recorded in the past year.
Read Full Article →KFC to create 7,000 jobs in UK and Irish growth push
KFC plans to invest close to £1.5 billion over the next five years, aiming to expand its presence and employment opportunities across the UK and Ireland amid increasing competition...
Read Full Article →Trump agrees to extend EU trade talks after 50% tariff threat
The agreement to prolong negotiations between the United States and the European Union could influence future trade policies and tariffs, potentially affecting economic relations a...
Read Full Article →Winemakers finding Trump's tariffs hard to swallow
The recent trade restrictions implemented by the US administration have led to increased costs and reduced market access for wine producers in France and the United States, impacti...
Read Full Article →Rate 'rigging' traders say they were scapegoated - now the Supreme Court will decide
The Supreme Court's upcoming decision on the case involving multiple City traders accused of influencing key financial benchmarks could have important implications for market integ...
Read Full Article →South Western first rail firm renationalised by Labour
The transition to public ownership involves additional costs due to the use of substitute bus services, which may impact overall operating expenses and budget allocations for the r...
Read Full Article →Faisal Islam: Trump's tariff plans could spark global economic shock
The proposed import taxes may lead to considerable market fluctuations and uncertainty worldwide, impacting trade relations just before an important international economic meeting...
Read Full Article →Trump threatens 50% tariffs on EU and 25% on iPhones
The announcement of potential steep tariffs on European goods and popular technology products resulted in a decline in stock prices across both American and European markets.
Read Full Article →Teachers and doctors in England given 4% pay rise
The recent pay increase offers a moderate boost to salaries for educators and medical professionals, while some healthcare workers express dissatisfaction over receiving a comparat...
Read Full Article →Trump to host investors in his cryptocurrency despite ethical concerns
The involvement of a prominent figure in a cryptocurrency venture has raised questions about potential financial advantages linked to investor access, though official sources deny...
Read Full Article →Nike to hike prices as it faces tariffs uncertainty
Nike plans to increase product costs due to challenges in the trade environment, with the company attributing the change to regular pricing strategies rather than specific governme...
Read Full Article →Starmer announces U-turn on winter fuel payment cuts
The decision to maintain the winter fuel payment is expected to affect government spending and could influence household budgets during the colder months amid ongoing political cha...
Read Full Article →No money left at the end of the month and smaller food shops: How inflation rise affects you
Rising costs for essential utilities and groceries have tightened household budgets, prompting individuals to adjust their spending habits to manage limited financial resources mor...
Read Full Article →Target sales hit as Trump tariffs take effect
The recent implementation of trade tariffs has contributed to a noticeable decline in revenue for the retail company, which attributes the downturn to difficult market conditions.
Read Full Article →Inflation surprise suggests the outlook could be gloomier than we thought
Rising expenses for bills, groceries, and services indicate increased financial pressure, potentially signaling more challenging economic conditions ahead, despite a few positive d...
Read Full Article →Inflation rate jumps to highest in more than a year
The recent increase in inflation to 3.5% reflects a faster rise in consumer prices compared to the previous month, potentially impacting purchasing power and economic planning.
Read Full Article →Police investigation into UK retail hacks focuses on English-speaking youths
Authorities are examining potential links between young suspects and recent security breaches in major UK retailers, aiming to assess the economic impact and prevent further financ...
Read Full Article →Supplier to major supermarkets hit by cyber attack
The recent cyber incident involving Peter Green, a logistics company serving prominent supermarket chains, could impact supply continuity despite its smaller market presence compar...
Read Full Article →UK now best placed country on trade - Reeves
Recent trade deals with major partners such as the EU, US, and India are expected to enhance the UK's economic performance by expanding market access and strengthening internationa...
Read Full Article →Tesla battery maker sees shares jump on Hong Kong debut
China's CATL, a major supplier of electric vehicle batteries to companies like VW and Toyota, experienced a notable increase in its stock value following its stock market debut in...
Read Full Article →UK-EU deal moves us on from Brexit rows, Starmer says
The agreement between the UK and the EU addresses key sectors like defence, commerce, and fishing, potentially impacting economic relations and opportunities for younger generation...
Read Full Article →Morrisons says UK-EU deal will 'ease' price pressure
The agreement between the UK and EU is expected to reduce costs for businesses, potentially leading to more stable pricing for consumers and improved financial conditions for compa...
Read Full Article →Struggling DNA testing firm 23andMe to be bought for $256m
The acquisition of 23andMe by Regeneron for $256 million highlights a notable investment in the genetic testing industry while ensuring continued commitment to safeguarding consume...
Read Full Article →What will 'reset' deal mean for UK economic growth?
The agreement potentially supports gradual improvements in UK-EU trade relations, which may influence economic expansion, although many restrictions currently in place are largely...
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