World of Business

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High-Income Australians Embrace 5% First Home Deposit Scheme Despite Concerns

Most Australian first home buyers use the 5% deposit scheme, with many earning above previous income caps. Economists warn this may inflate property prices by aiding buyers who would purchase anyway.

4 min read

UK Banks Criticized for Failing Vulnerable Customers on Basic Accounts

The FCA reports UK banks have failed vulnerable customers by steering them away from basic bank accounts. Banks have agreed to improve access and provide suitable accounts, especially for those without fixed addresses or standard ID.

3 min read

EasyJet Shares Surge Nearly 10% After Agreeing £5.5bn Takeover Bid

EasyJet shares rose nearly 10% after agreeing to a £5.5bn takeover by US firm Castlelake, highlighting concerns over UK firms being undervalued and acquired cheaply by foreign buyers.

3 min read

Sky to Buy ITV for £1.6bn; easyJet Shares Surge on £5.5bn Takeover Deal

Sky agrees £1.6bn deal to acquire ITV's broadcasting business, creating UK's largest commercial broadcaster. EasyJet shares rise 10% after agreeing £5.5bn takeover. Other business updates include Lockheed Martin's $3.45bn acquisition and Novartis buying UK biotech Myricx Bio.

15 min read

ITV Sells Media and Entertainment Units to Sky for £1.6bn

ITV is selling its media and entertainment divisions to Sky for £1.6bn, creating a strong competitor to global streaming giants. The deal excludes ITV's studio arm and marks one of the largest British media takeovers, initiated by Comcast last November.

1 min read

Fuel Providers Report Steady Decline in Pump Prices Amid Wholesale Cost Drops

Fuel providers Rubis and ATF Fuels report steady declines in pump prices in Guernsey and Jersey as wholesale costs fall. Diesel prices saw the fastest monthly drop since 2000, while petrol prices also decreased. Further reductions are expected if trends continue.

3 min read

China's Molly Tea Ordered to Pay $1.5M for Louis Vuitton Logo Infringement

Chinese tea chain Molly Tea must pay $1.5M for copying Louis Vuitton's four-petal flower logo, sparking major online debate over trademark rights.

2 min read

EasyJet and Castlelake Agree in Principle on £5.2bn Takeover Proposal

EasyJet and US firm Castlelake have reached an agreement in principle on a £5.2bn takeover offer at £6.90 per share, pending regulatory approvals and shareholder vote.

2 min read

Welsh Pub Growth Defies UK Closure Trend with Family-Friendly Focus

Wales sees a rise in pub numbers in 2026, defying UK-wide closures. Pubs adapt with family-friendly focus and community engagement amid economic challenges.

5 min read

Businessman and Philanthropist Martin Naughton Passes Away at 87

Martin Naughton, founder of Glen Dimplex and noted philanthropist, has died aged 87. He supported education and the arts across Ireland and made significant donations to institutions including Queen's University Belfast and Trinity College Dublin.

2 min read

Mayfair Casino Faces Tribunal Over Alleged Unfair Tip Sharing Practices

A former waiter at Metropolitan Mayfair casino has filed a tribunal claim alleging unfair tip sharing with management, raising concerns over service charge distribution and transparency amid new UK legislation.

6 min read

Rising Auto Costs Challenge US in Electric Vehicle Market Amid Global Competition

US electric vehicle startup Slate offers an affordable pickup amid rising auto costs, but faces stiff competition from cheaper Chinese EVs dominating global markets.

4 min read