World of Business

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SpaceX Share Price Falls Below IPO Level After Initial Surge

SpaceX's share price has dropped below its IPO level just over a month after going public, falling 41% from its peak and risking losses for early investors.

1 min read

Elon Musk leaving a building in China, smirking and gesturing with his hand while wearing a black suit jacket, white collared shirt and dark green tie.

British Steel Nationalisation Moves Forward with New Legislation

British Steel in Scunthorpe moves closer to public ownership after Parliament passes nationalisation powers. The government acts decisively amid political debate and local support, with compensation discussions ongoing.

2 min read

Aerial view of Scunthorpe steelworks showing a number of industrial buildings and steam rising from large chimneys

UK to Ban Unlicensed Casino Sponsorships in Sports Starting 2027

The UK government plans to ban unlicensed casino sponsorships in sports from 2027, impacting Premier League clubs like Everton and sports such as Formula One to protect vulnerable people and combat money laundering.

3 min read

Brewdog Co-Founder James Watt Proposes Buyback of Craft Beer Company

James Watt, Brewdog co-founder, has offered to buy back the craft beer company after its sale to Tilray. He promises free shares to former investors amid skepticism and recent controversies surrounding the firm's management and culture.

3 min read

James Watt, who is bald and wearing a light blue shirt, sits at a table with a small glass of beer, smiling at the camera.

China's Growth Slows to 4.3%; Thames Water Secures Funds Through Year-End

China's growth slowed to 4.3% in Q2, its lowest in over three years, while Thames Water secures funds to operate through year-end amid debt and pollution challenges.

3 min read

A worker operates machinery on a production line in a warp knitting workshop in Lianyungang, Jiangsu Province of China.

Thames Water Returns to Profit After 40% Bill Increase

Thames Water returned to profit with a £113m post-tax gain after a 40% bill increase, despite net debt rising to £18.5bn. The government rejected a rescue deal involving debt write-off and pollution fine leniency.

1 min read

The side of a Thames Water van with an open back door parked on a residential street next to a blue fence blocking off some work it is doing. A woman in the foreground with a blue coat, grey leggings, and a backpack on wheels walks past the scene.

Cwmni Bwyd Harlech yn creu 50 o swyddi newydd wrth ehangu yng Ngogledd Cymru

Mae Cwmni Bwyd Harlech yn ehangu ei bencadlys yn Llanystumdwy, gan greu 50 o swyddi newydd a chynyddu ei drosiant i £75m, gan gefnogi cynnyrch Cymreig a chadw cysylltiad cryf â'i wreiddiau.

2 min read

China's Economic Growth Slows Sharply, Missing Annual Target

China's Q2 economic growth slowed to 4.3%, missing targets amid weak domestic demand and Iran war impacts, despite strong export gains driven by tech and EVs.

2 min read

An employee at a wind turbiner manufacturing company uses work tools to put together some steel parts. In the image, he is pictured squatting at the centre of one of the steel frames.

How Changing Jobs 10 Times in 10 Years Shaped a Desired Career

Brittany Harris-Nelson's decade-long journey through 10 jobs at six universities exemplifies Gen Z's 'lily padding' trend of job hopping to build skills and advance careers.

5 min read

Brittany Harris-Nelson wears a bright orange coat

New BNPL Rules Introduce Refunds, Rejections, and Stricter Loan Checks

New BNPL rules require lender approval, introduce refunds, and impose affordability checks that may reject some borrowers, aiming to protect consumers but raising concerns about access to credit.

5 min read

Woman wearing colourful cardigan and drinking from a mug sits behind a computer screen.

Heating Oil Customers to Receive Compensation Following Price Surges

Heating oil customers affected by order cancellations and price hikes amid the US-Israel Iran conflict will receive compensation, with the CMA investigating suppliers and recommending new protections.

4 min read

A woman sat on a living room floor looking at a heating bill. She is wearing a light green jumper and behind her is a grey sofa, a plant on a table, and a white wall.

Warren Buffett Ends Donations to Bill Gates Foundation Amid Epstein Controversy

Warren Buffett has ended his annual donations to the Bill and Melinda Gates Foundation following revelations of Bill Gates' ties to Jeffrey Epstein. Buffett will instead distribute his remaining Berkshire Hathaway shares to family foundations by 2034.

3 min read

Warren Buffett and Bill Gates attend the Forbes' 2015 Philanthropy Summit Awards Dinner on June 3, 2015 in New York City