World of Business

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Retailers Warn of Systematic Shop Theft Costing UK £400m in 2023

Retailers report 5.5 million shoplifting incidents in 2023, costing £400m and causing violence and anxiety among staff. Government plans new laws and funding to combat organised retail crime.

4 min read

Zero-Hours Contracts Reach Record High Before Labour's 2024 Crackdown

Zero-hours contracts have reached a record 1.23 million workers, driven by young people, ahead of Labour's 2024 crackdown promising guaranteed hours and better protections.

4 min read

FedEx Sues for Full Refund of Trump-Era Tariffs After Supreme Court Ruling

FedEx has filed a lawsuit seeking a full refund of tariffs imposed under Trump's emergency powers, following a Supreme Court ruling that deemed the tariffs unlawful. Meanwhile, legislation and numerous lawsuits aim to secure refunds for affected businesses.

3 min read

Mixed-Use Student and Hotel Rooms Aim to Revitalize City Centres Amid Concerns

Charlie MacGregor's Social Hub blends student housing with hotel and business spaces, aiming to revitalize city centres amid housing concerns and opposition to Purpose-Built Student Accommodation.

7 min read

Reform Plans to End Defined Benefit Pensions, Create £500bn Sovereign Wealth Fund

Reform plans to end defined benefit pensions for new local government workers, merge schemes into a £500bn fund, boost UK investments, and scrap employment rights, drawing criticism from unions and experts.

4 min read

Trump Threatens Higher Tariffs on Countries 'Playing Games' with Trade Deals

Following the Supreme Court's block on his tariff program, Trump vows higher tariffs on countries 'playing games' with trade deals, despite legal challenges and political opposition.

5 min read

Trump Threatens Stronger Tariffs Amid Global Trade Uncertainty

Donald Trump threatens stronger tariffs after Supreme Court ruling, causing global trade uncertainty. EU delays US trade deal ratification amid confusion. UK manufacturers seek clarity. Bank of England discusses AI impact. Yen hits 53-year low. Supply chains face disruption.

14 min read

UK Among Worst Hit by Trump's 15% Global Tariff, Analysis Finds

Downing Street warns of possible reciprocal action as US imposes 15% global tariff, with analysis showing UK among worst hit due to prior 10% deal. Discussions continue amid concerns from trade bodies and legal rulings affecting tariff implementation.

3 min read

Netflix CEO Defends Warner Bros Bid as Paramount's Deadline Nears

Netflix CEO Ted Sarandos defends its Warner Bros bid as superior to Paramount's, emphasizing growth and addressing political pressures amid a looming Paramount deadline.

2 min read

Asia Faces Uncertainty After US Supreme Court Blocks Trump’s Tariffs

Asia faces renewed uncertainty after the US Supreme Court ruled many of Trump's 2025 tariffs illegal. New 15% global tariffs announced, with countries assessing impacts amid ongoing trade negotiations.

5 min read

Supreme Court Limits Trump’s Global Tariffs; New Tariffs and Refunds Unfold

The US Supreme Court ruled that Trump's use of IEEPA for global tariffs was unlawful, prompting new tariffs under different laws and raising questions about refunds for $130bn collected.

6 min read

Trump Raises Tariffs After Supreme Court Blocks Previous Import Taxes

President Trump plans to impose 15% global tariffs after the Supreme Court struck down his previous import taxes, citing a 6-3 ruling that he exceeded his authority under a 1977 trade law.

1 min read