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The FTSE 100 plummeted below 10,000 points amid Middle East war fears and Bank of England hawkishness, sparking stagflation concerns and pressure on Rachel Reeves.
The Metrocentre in Gateshead, UK's second-largest shopping centre, is undergoing a £6 million expansion to create The Crescent, a village-like hub for independent retailers, alongside new big-name store openings.
HSBC is reportedly considering cutting up to 20,000 jobs globally over the next 3-5 years, focusing on automation and AI adoption in non-client facing roles, signaling a major shift in banking employment patterns.
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RecommendedAmazon launches Alexa+, a generative AI upgrade for Alexa devices in the UK, enabling natural conversations and complex tasks for free initially, with potential future subscription fees.
Private credit borrowers in London are grappling with higher costs as interest rates increase, impacting loans and refinancing deals in the corporate sector.
Financial Conduct Authority executive Simon Walls says UK investment sector must solve its own problems rather than constantly seeking regulatory prescriptions to boost economic growth and reduce risk aversion.
MS Now, formerly MSNBC, announces significant programming shifts including a new morning show hosted by Stephanie Ruhle and adjustments to key time slots, effective June.
Speculative Agency, creators of All Will Rise, join No Games for Genocide movement, returning Microsoft investment to protest tech giant's ties to Israeli military operations in Gaza.
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RecommendedIran's Revolutionary Guards warn of imminent attacks on energy facilities in Saudi Arabia, UAE, and Qatar following Israeli strikes on the South Pars gasfield, escalating Middle East tensions and spiking global oil prices.
Rolls-Royce has reversed its pledge to go fully electric by 2030, citing client demand for V12 engines and changing market conditions. The luxury carmaker will continue selling combustion engine vehicles.
Adrian Chiles shares his journey from dreading Mondays to cherishing them, detailing how a structured four-day workweek transformed his life and restored his sanity.
Chancellor Rachel Reeves faces criticism from business leaders who argue her response to sky-high industrial energy costs is insufficient, threatening UK competitiveness and risking deindustrialization.
Technology Secretary Liz Kendall announces the UK government has abandoned its preferred option for AI firms to use copyrighted work without permission, following protests from artists and industry bodies.
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RecommendedA worldwide asset freeze and travel ban have been imposed on Paresh Raja, founder of Market Financial Solutions, amid allegations of fraud and double pledging in high-end London property loans.
A severely damaged Russian tanker carrying liquefied natural gas has floated into Libyan waters after a suspected drone attack, raising urgent concerns about a potential major ecological disaster in the Mediterranean.
The U.S. SEC has released long-awaited cryptocurrency guidance, classifying tokens into five categories and proposing a safe harbor to ease fundraising for crypto companies.
Crude oil prices spike to $110 per barrel after Israeli drone attacks hit Iran's largest gasfield, prompting Iranian threats to retaliate against Gulf energy infrastructure. Australia's national cabinet convenes emergency meeting on fuel crisis.
The Federal Reserve kept interest rates unchanged, resisting pressure from Donald Trump as policymakers grapple with soaring oil prices from the Iran war and a weakening US jobs market.
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RecommendedGoogle co-founder Sergey Brin has donated $25 million to a Super Pac opposing California's proposed 5% wealth tax, bringing his total contributions to $45 million. The tax targets billionaires to fund education and healthcare programs.
A California family is suing Heavenly Mountain Resort after their five-year-old daughter suffered severe burns from excessively hot chocolate, leaving permanent scars and sparking a legal battle over negligence.
As petrol and energy prices soar globally due to the Iran conflict, Australia faces a fuel crisis with heavy reliance on imports. Experts urge rapid action on electrification and public transport to reduce dependency.
The UK government announces new 'steel safeguards' doubling tariffs on foreign steel to 50% and slashing import quotas by 60% to protect remaining plants and boost domestic production.
Australia's competition watchdog is investigating major fuel suppliers for alleged anti-competitive conduct as shortages and price hikes hit amid the Iran war. Prime Minister Anthony Albanese has appointed a new taskforce coordinator to manage supply.
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RecommendedDozens of service stations, particularly in regional Australia, have run out of petrol due to panic-buying and global oil market disruptions from the US-Israel war on Iran, impacting inflation and daily life.
Major UK banks have decided to maintain the £100 contactless payment limit despite the Financial Conduct Authority scrapping the official cap, citing lack of consumer demand and fraud concerns.
An in-depth exploration of China's booming robotics industry reveals how humanoid machines are poised to replace millions of factory workers, with startups racing to automate tasks from car assembly to retail.
The ACCC is investigating diesel availability and alleged anti-competitive conduct by major fuel suppliers in regional Australia amid shortages and price concerns.
Long queues form at gas distributors across India as LPG shortages hit households and businesses. The closure of the Strait of Hormuz has triggered South Asia's worst gas crisis in decades, exposing regional energy vulnerabilities.
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RecommendedA new report from Common Wealth suggests decoupling gas prices from electricity markets could save households up to £203 per year, amid rising costs from geopolitical tensions.