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Trump escalates auto tariffs to 50% as US-Canada trade talks collapse

President Trump threatens to raise US tariffs on Canadian autos to 50% after trade talks collapse. Canada vows dollar-for-dollar retaliation. Negotiations broke down over last-minute demands; new tariffs take effect 1 January 2027.

5 min read

Netflix, Disney+ and Amazon hit western Europe with world's steepest price hikes

Netflix, Disney+ and Amazon Prime Video have imposed the world's steepest subscription price increases on western European customers over the past four years, with average monthly costs rising by $1.86—more than any other global region. However, the rate of price hikes is slowing as consumers rea...

5 min read

Twitch and Amazon sued over AI training on streamer content without consent

A class action lawsuit filed in California alleges Amazon and Twitch used millions of hours of streamer content to train AI without permission or compensation. The case seeks over $5 million in damages and an injunction to stop the practice.

4 min read

Thames Water creditors name new board in £10bn rescue bid, drawing campaign criticism

Thames Water creditors have named four senior figures to lead the company under their £10bn rescue plan, but campaigners say the board overhaul is a superficial attempt to avoid nationalisation.

4 min read

£1.4m funding secures future of historic Danske Bank building in Londonderry

The Department for Communities has allocated £1.4m to preserve a historic Danske Bank building in Londonderry city centre. The funding enables the Inner City Trust to refurbish and return the 19th-century property to commercial use, with potential tenants expected to occupy the space by year-end.

5 min read

Graduate job vacancies plummet 48% as employers favour AI over entry-level hiring

Graduate job vacancies have fallen to their lowest level since 2016, dropping 45% year-on-year to just 8,383 positions in July. Rising costs and AI adoption are driving the decline as competition for roles intensifies.

4 min read

US Treasury Chief Threatens Iran With 'Economic D-Day' Sanctions Campaign

US Treasury Secretary Scott Bessent has threatened Iran with unprecedented economic sanctions, warning of an "economic D-Day" and threatening to isolate any nation maintaining financial ties with Tehran. The measures are scheduled to be unveiled on 24 August.

4 min read

Scottish Investment Bank Reports £138m Loss After Early Venture Failures

The Scottish National Investment Bank reported a £138m net loss for 2025-26, driven by failures in three early investments and write-downs on two firms in administration. Despite the losses, the bank generated £32m in income and invested a record £374m in Scottish ventures.

4 min read

Iran's rial hits record low as Bessent warns of 'economic D-day' ahead of new sanctions

Iran's rial hits a record low as Treasury Secretary Scott Bessent prepares to announce sweeping new sanctions, framing the measures as an "economic D-Day." Meanwhile, US-Canada trade talks collapse into a tariff war, Shein sets a $27bn Hong Kong IPO valuation, and Thames Water creditors outline a...

11 min read

Business rates review launched for pubs and hotels across England and Wales

A review into business rates for pubs and hotels in England and Wales has been launched, with findings expected in March 2027. The inquiry aims to address concerns that pubs face disproportionately higher rates bills compared to other businesses, following 161 closures in early 2026.

5 min read

China orders recall of nearly 3 million Teslas over hidden door handle safety risks

China orders the recall of nearly 3 million Tesla vehicles over hidden door handle safety concerns, as part of the country's largest automotive recall affecting 4.3 million vehicles across nine manufacturers.

4 min read

Shein targets $27bn valuation ahead of Hong Kong stock market listing

Shein plans to raise $1.77bn through a Hong Kong IPO on 1 September, targeting a $27bn valuation—far below its $100bn private valuation in 2022. The listing follows failed US and UK attempts amid regulatory scrutiny.

2 min read