Business

More in Business

John Ternus: The Next Leader to Shape Apple's Future Amid New Challenges

Apple prepares for leadership change as John Ternus, the 'product guy,' emerges as Tim Cook's likely successor amid challenges like AI and diplomatic relations.

5 min read

Royal Mail Invests £500m to Improve Delivery Times, Cuts Second-Class Post Frequency

Royal Mail plans to deliver second-class post every other weekday, investing £500m to improve late deliveries and meet new Ofcom targets by next May.

3 min read

UK Wage Growth Hits Lowest Since 2020; Unemployment Falls Unexpectedly

UK unemployment unexpectedly fell to 4.9% in February, while wage growth hit its lowest since 2020. Primark owner ABF plans to spin off the fashion chain by 2027 amid market challenges and Middle East tensions.

7 min read

UK Unemployment Rate Unexpectedly Drops to 4.9% in Latest Data

The UK's unemployment rate unexpectedly fell to 4.9% in the three months to February, with wages rising 3.6% annually despite slower growth, according to ONS data and expert analysis.

1 min read

Rising Red Diesel Costs Threaten Future Crop Planting for Farmers

Farmers face financial strain as red diesel prices surge, prompting concerns over future crop planting and rising household costs. Fertiliser prices and stagnant wheat prices add to the pressure, leading some to seek diversification.

3 min read

Apple Appoints John Ternus as CEO, Tim Cook to Become Executive Chairman

Apple names John Ternus as new CEO, replacing Tim Cook who will become executive chairman and assist with company affairs post-transition.

1 min read

Blue Origin's New Glenn Rocket Grounded After Satellite Launch Failure

Blue Origin's New Glenn rocket was grounded after a satellite launch failure led the FAA to order an investigation. The failed mission impacted AST SpaceMobile's satellite deployment and share price.

3 min read

Trump Tariff Refunds Begin, But Consumers May Not Benefit Directly

The Trump administration has started refunding billions in tariffs struck down by the Supreme Court, benefiting importers but likely not individual consumers who faced higher prices. Businesses report mixed experiences with the refund portal, while lawsuits seek consumer compensation.

5 min read

Polymarket Eyes $15bn Valuation in $400m Fundraising Amid Surge in Betting Volume

Polymarket is in talks to raise $400m at a $15bn valuation amid a surge in betting volume, driven by wagers on geopolitical events and concerns over insider trading.

4 min read

ACCC Challenges Woolworths Over Alleged Fake Discounts in Federal Court

The ACCC has taken Woolworths to federal court, alleging fake discounts on products like Tim Tams and baby rice, amid economic challenges and inflation.

3 min read

Trump Administration Opens Refund Claims for $166B in Tariffs After Supreme Court Ruling

The Trump administration has begun accepting refund claims for over $166 billion in tariffs after the Supreme Court ruled the tariffs lacked legal authority. The new system, Cape, will process most claims, with businesses expecting refunds within 60 to 90 days.

3 min read

Trump Administration Launches Tariff Refund Portal to Return $166B to Businesses

The Trump administration has launched an online portal to refund $166 billion in tariffs invalidated by the Supreme Court. The process aims to reimburse importers and potentially consumers, while political debates continue over energy policy and surveillance reforms.

7 min read