World of Business

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Crown Estate Profits Drop, Treasury Returns More Than Halve

The Crown Estate's profits fell from £1.1bn to £487m, halving Treasury returns due to reduced offshore wind income. Despite this, net asset value rose to £16.7bn, with plans to invest £5bn in renewables and housing over the next decade.

3 min read

Asian Markets Drop Sharply Amid Tech Sell-Off and AI Investment Concerns

Asian stock markets fell sharply due to a tech sell-off and rising AI infrastructure costs. South Korea's Kospi halted trading after an 8% drop, while Apple and Microsoft shares declined amid rising component prices.

2 min read

UK Food and Drink Exports Decline Amid US Tariffs and Brexit Trade Challenges

UK food and drink exports fell 4.8% in Q1 2026, hit by US tariffs and Brexit trade friction. Exports to the US dropped 28%, while EU volumes declined 6.9%. Heathrow forecasts passenger numbers may fall due to Middle East tensions.

4 min read

New ISA Rules from 2027: What You Need to Know About Tax and Limits

From April 2027, new ISA rules will limit cash ISA savings to £12,000 for under-65s and impose a 22% tax charge on interest earned on uninvested cash in stocks and shares ISAs, aiming to prevent circumvention of cash ISA limits.

5 min read

Extreme Heat Threatens Europe’s Productivity and Economic Growth

Europe’s recent heatwave has exposed the risks extreme heat poses to worker safety and productivity, threatening economic growth unless countries adapt infrastructure and workplace policies.

7 min read

Ferrari Marketing Chief Departs Weeks After Controversial EV Launch

Ferrari's marketing chief Enrico Galliera resigns after 16 years amid backlash over the all-electric Luce launch, with successor Massimiliano Di Silvestre appointed for July.

2 min read

UK Cuts Tariff-Free Steel Imports by Half to Tackle Cheap Chinese Metal Surge

The UK will halve tariff-free steel imports from 1 July to combat cheap Chinese steel flooding the market, doubling tariffs on excess imports to 50%. The move aims to protect the domestic steel industry amid global overcapacity concerns.

3 min read

Elizabeth Warren Warns Trump-Era Mergers Could Be Reversed by Future Administrations

Senator Elizabeth Warren warns that mergers approved under Trump, including a major media deal involving the Ellison family, could be reversed by future administrations amid concerns over media bias and monopoly power.

4 min read

Which University Degrees Yield the Highest Lifetime Earnings?

New research reveals how university degree choices impact lifetime earnings, with medicine and economics offering high returns, while some subjects yield little financial benefit. The government plans to limit courses with poor returns and consult on English language requirements.

4 min read

Oil Prices Drop Below Pre-Iran War Levels as UK Firms Look to Burnham for Relief

Oil prices have fallen below pre-Iran war levels amid peace talks, while UK firms look to Andy Burnham to ease business burdens and boost growth.

8 min read

Oil Prices Drop to Pre-Iran War Levels as Strait of Hormuz Traffic Resumes

Oil prices have fallen to pre-Iran war levels as traffic through the Strait of Hormuz resumes following US-Iran peace talks and partial lifting of sanctions.

3 min read

Businesses Applaud VAT Cut on Attraction Tickets for Summer Holidays

Government VAT cuts will reduce ticket prices at UK attractions this summer, helping families afford visits. Birdworld's manager welcomes the initiative and calls for further tax relief.

2 min read