World of Business

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to eliminate 340 jobs by year-end in sweeping restructure

announced it will cut 340 jobs by the end of 2026, eliminating 28% of its workforce. The cuts, the largest in the broadcaster's history, are part of a transformation programme aimed at redirecting more funding toward original British content amid competition from streaming services and ...

5 min read

Petrol prices surge 5p in a week as Middle East tensions push oil to $100

Unleaded petrol has jumped 5p per litre to 167.17p in a week, the largest weekly rise since April, as Middle East tensions push Brent crude to $100 per barrel. The RAC warns drivers face continued upward pressure on fuel costs.

4 min read

Singaporean Man Pleads Guilty to $245M Cryptocurrency Theft Conspiracy

A 22-year-old Singaporean man pleaded guilty to orchestrating a $245 million cryptocurrency theft conspiracy. Malone Lam led an international network that used social engineering and break-ins to steal bitcoin, then spent lavishly on nightclubs, supercars, and luxury goods before his arrest in Se...

5 min read

Compass urges Burnham to fight inequality with wealth tax and public ownership

Compass thinktank urges PM Burnham to tackle inequality through a wealth tax on assets above £10m, free social care, and public ownership of energy networks. The 70-point policy menu comes ahead of Chancellor Healey's October budget.

6 min read

US to ban Canadian alcohol, dairy and vehicles as trade war escalates

The US is banning Canadian alcohol, dairy, and vehicles as Canada's retaliatory tariffs on American goods take effect. Both nations say they want a deal, but negotiations have stalled since late August.

3 min read

Victorian power bills could rise $100 yearly if Coalition halts key transmission projects

Victoria faces potential $100 annual electricity bill increases if transmission projects are delayed, while Chalmers warns One Nation would destroy superannuation. Migration drives regional growth, education minister calls for digital detox, and Greens raise concerns over tech regulation.

9 min read

North Wales Growth Deal pledges 4,000 jobs by 2036 despite slow early progress

North Wales Growth Deal officials have assured councillors that a £1bn investment scheme will deliver 4,000 jobs by 2036, despite creating only 121 positions so far. The Wrexham Gateway transport hub project is expected to generate around 700 jobs.

4 min read

Sapporo shifts US beer production from Canada to dodge 50% tariff

Japanese brewer Sapporo will shift non-alcoholic beer production from Canada to the US by mid-2027 to avoid a 50% tariff on Canadian imports. The move affects its Sleeman Breweries subsidiary and reflects how tariffs are forcing companies to restructure North American supply chains.

4 min read

Canada's retaliatory tariffs take effect as trade war with US deepens

Canada's retaliatory tariffs on nearly C$28 billion of US goods took effect on 8 September 2026, with rates up to 50%. No trade deal is in sight as negotiations remain stalled following their collapse in late August.

6 min read

UK mortgage rates surge as lenders raise costs across the board

UK mortgage lenders have raised rates across the board, disappointing borrowers hoping for reductions. Those refinancing five-year deals face costs exceeding £5,000 more annually. Analysts urge swift action as uncertainty persists over further increases.

5 min read

Billionaire hedge-fund manager Chris Rokos to relocate from UK to Greece

Hedge-fund billionaire Chris Rokos, ranked third among UK taxpayers after paying £330m annually, is relocating to Greece to benefit from its favourable tax regime for wealthy foreigners. The move raises questions about UK competitiveness in retaining ultra-high-net-worth individuals amid speculat...

5 min read

Companies Use Contest-Style Hiring to Attract Young Talent, But Critics Raise Fairness Concerns

L'Oréal and other firms are using competition-style recruitment to attract young talent, but critics warn the approach may disadvantage those without financial backing and favour extroverts over quieter personality types.

6 min read