World of Business

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Former BP Chairman Albert Manifold Responds to Allegations Following Removal

Albert Manifold rejects allegations of bullying and misconduct after BP board removes him as chairman. He disputes claims, emphasizing his focus on shareholder interests and cost control during his tenure.

3 min read

Treasury: 90% of Young Australians Benefit from Labor’s Tax Reforms

Treasury modelling shows 90% of young Australians will benefit from Labor’s tax reforms, including $1,000 deductions and CGT changes, despite opposition criticism and internal party debates.

4 min read

BP Chair Albert Manifold Denies Misconduct Amid Boardroom Conflict

BP’s ousted chair Albert Manifold denies misconduct allegations, challenges anonymous reports of aggressive behaviour, and highlights his efforts to cut costs and reject executive perks amid boardroom turmoil.

3 min read

UK Faces Youth Unemployment Crisis and Housing Challenges for First-Time Buyers

Alan Milburn warns UK risks a 'lost generation' as youth unemployment rises and first-time buyers face severe housing affordability challenges, the toughest since the financial crisis.

5 min read

The £5 Coffee Reveals Global Economic Challenges and Market Shifts

The rising cost of a £5 coffee reflects global economic challenges, including climate impacts, trade wars, and shifting consumer preferences, revealing complex supply chain and market dynamics.

8 min read

Santos Pauses Efforts on Narrabri Gas Project to Focus on Beetaloo Basin

Santos CEO Kevin Gallagher announced the company will pause efforts on the Narrabri gas project to focus on the Beetaloo Basin, amid pending approvals and opposition. The project faces legal challenges and political scrutiny, while Santos awaits further review in 2027.

4 min read

Patagonia Sues Drag Activist Pattie Gonia Over Trademark Dispute

Patagonia has sued environmentalist drag performer Pattie Gonia for trademark infringement, seeking $1 plus legal fees. The dispute centers on Wiley's use of the name Pattie Gonia for activism and merchandise, with both sides expressing regret over the conflict.

4 min read

How to Reduce Your Energy Bills Amid Rising Prices

Energy prices are rising, but fixed tariffs, payment methods, energy-saving habits, grants, and debt relief can help reduce your bills. Experts advise acting now to prepare for higher costs this winter.

3 min read

Lidl Surpasses Morrisons as UK’s Fifth Largest Supermarket Amid Rising Sales

Lidl has become the UK’s fifth largest supermarket, surpassing Morrisons with an 8.8% sales increase amid households seeking value to manage rising bills.

3 min read

Ofgem Raises UK Energy Price Cap by Over £200 Annually Amid Market Volatility

Ofgem raises the UK energy price cap by 13% from July, increasing average bills by over £200 annually amid Middle East conflict-driven market volatility. Analysts warn of further rises this winter and urge government support.

4 min read

Garage-Started Business Revolutionizes NFL Training with Award-Winning Gear

Richie Gray's GSI Performance, started in a Borders garage, has revolutionized contact training equipment, earning global awards and adoption by 25 NFL teams, while remaining rooted in Galashiels.

3 min read

Ferrari Shares Drop After Launching First Fully Electric Five-Seater Luce

Ferrari launched its first fully electric five-seater, the Luce, priced at $640,000. The unveiling sparked mixed reactions and led to a significant drop in shares amid industry challenges and competitor shifts.

3 min read