World of Business

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Ex-Spurs Chairman Levy Reportedly Sells 24.99% Stake in Enic to Eight Sports Capital

Daniel Levy has reportedly sold a 24.99% stake in Tottenham's parent company Enic to Eight Sports Capital, though Enic denies awareness of the sale. Levy stepped down in 2025 after 24 years, and Eight Sports Capital is led by tech entrepreneur Brooklyn Earick.

3 min read

US Hospitality Sector Surges with 172,000 Jobs Added Ahead of World Cup

The US economy added 172,000 jobs in May, led by leisure and hospitality sectors, as the country prepares to co-host the World Cup with Mexico and Canada. Employment gains outpaced expectations despite global economic challenges.

2 min read

British Heart Foundation to Close 150 Shops Amid Rising Costs and Online Shift

The British Heart Foundation plans to close 150 shops and cut jobs due to rising costs and a shift to online shopping, following a sharp profit decline in its retail arm.

3 min read

EU Transport Chief Confirms No Jet Fuel Shortage in Europe Despite Middle East Tensions

EU transport chief Apostolos Tzitzikostas says there is no jet fuel shortage in Europe despite Middle East tensions. Airlines have cut uneconomic routes amid high fuel prices, with emergency stocks in place. UK house prices dip and shoppers return to high streets in May.

4 min read

Gary Lineker’s Goalhanger Tops UK’s Fastest-Growing Businesses List

Goalhanger, co-founded by Gary Lineker, tops the Sunday Times list as the UK's fastest-growing business with £37.9m sales and 321% growth, driven by popular podcasts, subscriptions, and live events.

3 min read

SpaceX IPO Launches: How to Buy Shares in Elon Musk's Space Venture

SpaceX's IPO begins 12 June, offering shares to public investors. Valued at $1.75tn, the company aims to fund space exploration and AI projects, though risks and Musk's control remain key considerations.

4 min read

Crypto Billionaires Boost Reform UK's Fundraising Lead with £7m Donations

Reform UK received £7m from crypto billionaires Ben Delo and Christopher Harborne, boosting its fundraising lead amid controversy over a new £100,000 cap on overseas donations.

4 min read

Amazon Expands Ultra-Fast UK Deliveries and Adds Same-Day Fresh Groceries

Amazon is expanding ultra-fast delivery services in the UK, adding fresh groceries to same-day options in London, and extending 30-minute deliveries to Manchester and Birmingham.

3 min read

Elon Musk: Biography, Net Worth, and Controversies Explained

Elon Musk, CEO of Tesla and SpaceX, is the world's richest person with a net worth nearing $1 trillion. Known for his ventures in AI, space, and social media, Musk's political involvement and personal life have sparked both acclaim and controversy.

8 min read

Japan Faces Plastic Shortages Amid Middle East Naphtha Supply Crisis

Japan faces shortages of plastic bags, trays, and gloves due to naphtha supply disruptions from the Middle East, impacting food sectors and waste management amid rising prices.

4 min read

SpaceX Valued at $1.75tn Ahead of Historic IPO on Nasdaq

SpaceX has raised its valuation to $1.75tn ahead of its Nasdaq IPO on 12 June, aiming to raise $75bn. Despite high valuation and losses, investors are drawn to its ambitious projects and future potential.

3 min read

Lab-Grown Diamonds Impact Sierra Leone’s Mining Industry and Global Market

Lab-grown diamonds have driven down natural diamond prices, leading to mine closures in Sierra Leone. Despite ethical and environmental debates, lab-grown stones dominate US engagement ring sales, reshaping the global diamond market and impacting local miners' livelihoods.

6 min read