World of Business

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Shock and Disappointment as DS Smith Proposes Closure of Launceston Packaging Site

DS Smith proposes closing its Launceston packaging site, causing shock among 167 employees amid tough trading conditions. Local leaders express concern over job losses and call for government support.

3 min read

Google The image shows an orange and white sign which says DS Smith, behind which can be seen a white and grey industrial building with a tree and grass to the left.

Trump and Powell's Most Notable Clashes Over Fed Leadership and Policies

Donald Trump and Federal Reserve Chair Jerome Powell have had a notably contentious relationship, marked by harsh criticisms, disputes over interest rate policies, and disagreements on Fed building renovations. Powell is stepping down as Trump nominates Kevin Warsh.

4 min read

AFP via Getty Images/Reuters A picture split in two. on the left, Trump wears a blue suit and looks to his left. On the right, Powell wears a black suit and black glasses. Both men look serious.

BP Profits More Than Double Amid Rising Oil Prices Due to Iran Conflict

BP's Q1 profits more than doubled to $3.2bn, boosted by rising oil prices amid the Iran war, surpassing analyst expectations.

1 min read

Victim Fights 13-Month Fraud Rule to Recover £20,000 Stolen in Investment Scam

Sarah had £20,000 stolen in an investment scam and faced a 13-month reporting deadline. After BBC intervention, Lloyds refunded her fully. National Trading Standards calls for review of the 13-month rule to better protect fraud victims.

4 min read

Getty Images A woman from the back sitting in front of a laptop

Wizz Air CEO: European Flight Prices Falling Short Term Amid Fuel Cost Concerns

Wizz Air's CEO says European flight prices are falling short term as airlines use pre-war fuel prices to counter customer hesitancy amid the US-Israel-Iran conflict. Spain urges early bookings to avoid rising airfares due to soaring jet fuel costs.

4 min read

Getty Images A white, pink and blue airplane with "Wizz" written on the side flies low over a city, with wooded hills in the background.

China Blocks Meta's $2bn Acquisition of AI Startup Manus

Chinese regulators have blocked Meta's $2bn acquisition of AI start-up Manus, citing restrictions on foreign investment amid rising US-China tech tensions.

3 min read

Anta: The Chinese Sports Brand Challenging Nike and Adidas Globally

Anta, founded by Ding Shizhong, has grown from a small Chinese shoe maker into a global sportswear powerhouse, acquiring international brands and expanding worldwide to challenge Nike and Adidas.

7 min read

Jersey's Inflation Rate Rises 2.7% in Year to March 2026

Jersey's retail price index rose 2.7% in the year to March 2026, driven by sharp energy price increases and higher costs for alcohol, food, and household services.

2 min read

Dominic Lipinski/PA Wire A woman carries shopping in plastic carrier bags. The woman is holding about five bags in one hand. She is wearing a floral skirt with a yellow jacket.

How Falling Share Prices Impact Your Finances and Retirement

Bank of England's deputy governor warns share prices may fall amid global risks. This affects pensions, retirement plans, jobs, and investment strategies. Experts advise long-term outlooks and caution against panic amid market fluctuations.

5 min read

Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 3, 2025.

BoE Deputy Warns Stock Markets Overvalued; Trump Threatens UK Tariffs Over Digital Tax

Bank of England deputy governor warns stock markets are overvalued and may fall amid global risks. Meanwhile, Trump threatens UK tariffs over digital services tax. Rising oil prices and Middle East tensions impact markets and economies worldwide.

9 min read

Deputy Governor of the Bank of England for Financial Stability Sarah Breeden

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