World of Business

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Warner Bros Shareholders Approve Paramount's $111 Billion Takeover Deal

Warner Bros Discovery shareholders approved Paramount's $111bn takeover, pending regulatory approval, amid industry concerns and political scrutiny over media consolidation.

3 min read

American Airlines Faces $4bn Jet Fuel Cost Impact Amid Middle East Crisis

American Airlines warns soaring jet fuel prices from Middle East conflict could cost $4bn in 2026, risking losses despite record Q1 revenues and plans to raise fares.

3 min read

Green Party Pledges Affordable Leases to Revive High Streets

The Green Party pledges affordable leases and compulsory purchase orders to revive high streets, alongside calls for rent control powers amid ongoing retail decline.

3 min read

Dundee Construction Firm Alexander Oastler Ltd Enters Liquidation After 163 Years

Alexander Oastler Ltd, a Dundee joinery specialist founded in 1863, has entered liquidation with 23 job losses due to challenging trading conditions and rising costs.

2 min read

Asos Seeks £7m US Tariff Refund Amid Surge in Claims Following Court Ruling

Asos seeks £7m refund from US tariffs after Supreme Court ruling overturns Trump-era duties. The company reports reduced losses amid ongoing challenges and a new refund portal opens for hundreds of thousands of businesses.

3 min read

UK Borrowing Slightly Below Forecasts; Oil Surges Above $100 Amid Hormuz Strait Tensions

UK government borrowing fell slightly below forecasts in the fiscal year ending March, while oil prices surged above $100 amid ongoing tensions and blockades in the Strait of Hormuz due to the Iran conflict.

5 min read

UK Government Borrowing Drops by Nearly £20bn in Year to March

UK government borrowing fell by nearly £20bn in the year to March, reaching £132bn and marking the lowest borrowing since 2019-20, as increased receipts offset higher spending.

1 min read

Retail Investment Needs a Boost, But Savvy Squirrel Campaign Feels Too Mild

The UK’s new Savvy Squirrel campaign aims to boost retail investing but faces criticism for its cautious approach and generic mascot, despite strong evidence supporting investment over cash savings.

3 min read

How Jenny Lennick’s Food-Themed Hair Accessories Sparked Business Growth

Jenny Lennick transformed her San Francisco-based brand Jenny Lemons by pivoting from food-themed clothing to quirky, plant-based hair accessories, achieving $2m revenue and a loyal customer base despite challenges like tariffs and knockoffs.

7 min read

Sunak Urges Ending Jobs Tax to Boost Worker Hiring Amid AI Impact

Former PM Rishi Sunak urges abolishing National Insurance to boost hiring amid AI's impact, advocating tax shifts to corporate profits and highlighting UK's AI leadership.

3 min read

Northern Ireland Energy Prices May Remain High Through Winter Amid Iran Crisis

Northern Ireland faces sustained high household energy prices into winter due to the Iran crisis, with heating oil costs up 80%. Supply chain delays and rising wholesale prices may reverse recent gas price cuts. The £100 heating grant faces criticism for inadequacy.

2 min read

Lufthansa Cuts 20,000 Summer Flights Amid Rising Jet Fuel Costs

Lufthansa will cut 20,000 short-haul summer flights due to soaring jet fuel prices amid Middle East conflict, impacting routes across Europe while maintaining long-haul services.

2 min read