World of Business

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Windfall Tax Push Grows as Oil Giants Cash In on Iran War Price Surge

Oil companies are reaping record profits from Iran-war-driven price spikes, prompting Democratic lawmakers to push windfall tax bills even as Trump faces criticism over policies favoring the industry.

9 min read

US strikes $1.2bn deal with German firm to halt offshore wind

RWE will abandon its US offshore wind projects after a $1.2bn deal with Donald Trump's Interior Department and redirect investment to gas and LNG projects.

3 min read

Fleadh set to top projected £53m Belfast economic boost

Belfast’s first hosting of the Fleadh Cheoil na hÉireann is expected to deliver more than the projected £53m economic boost, with hotels, bars and tour operators reporting strong demand.

6 min read

Australia trade surplus falls to nine-year low as EV imports surge

Australia’s trade surplus has fallen to a nine-year low as EV imports surge, while Richard Marles defends Tony Burke’s speech delay and gambling reforms.

4 min read

American sea captain buys Scotland's 'haunted' Carbisdale Castle

Florida captain Lance Holmquist and his wife Suzanne have bought Scotland's Carbisdale Castle for just under £3.9m and plan to turn it into a hotel.

4 min read

FCC scraps TV ownership cap in win for media giants

The FCC voted 2-1 to repeal the 39% national TV ownership cap, a move that benefits major broadcasters like Sinclair and Nexstar and is drawing legal and political challenges.

4 min read

EasyJet agrees to £5.7bn takeover by Apollo

EasyJet has agreed to a £5.7bn takeover by US firm Apollo after rival bidder Castlelake withdrew from the contest.

1 min read

Diageo shares rise on Lewis savings plan as construction stabilises

Diageo shares rose after Dave Lewis unveiled a $1bn savings plan, Nintendo posted a 53.5% profit jump on a tariff refund, and UK construction showed signs of stabilising.

15 min read

Thousands of young people missing out on unclaimed Child Trust Fund money

Kae Tapscott discovered £4,000 in a Child Trust Fund he did not know existed, amid warnings that more than 750,000 matured accounts remain unclaimed.

5 min read

Raleigh owner starts insolvency proceedings

Accell, the Dutch owner of Raleigh, has started insolvency proceedings after saying it could no longer meet its financial obligations.

2 min read

Healey urged to push borrowing limits in Burnham growth test

Economists are urging Healey to use more flexible fiscal rules, or adopt new borrowing models, to fund investment while covering immediate spending pressures and a £5bn defence gap.

8 min read

£80m in unclaimed Welsh child trust funds

Thousands of young people in Wales may be missing out on Child Trust Fund money, with The Share Foundation estimating £83m is unclaimed in Wales alone.

3 min read