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Senegalese Farms Power UK Winter Vegetable Supply Amid Challenges

Two British-run farms in Senegal supply much of the UK's winter vegetables, employing 9,000 workers and leveraging irrigation near the Sahara. While economically beneficial, concerns remain over low wages and environmental impacts of long-distance shipping.

6 min read

eBay Acquires Popular Second-Hand Clothing App Depop for $1.2 Billion

eBay is acquiring Depop, a second-hand clothing app popular with Gen Z, for $1.2bn. Etsy is selling the UK-founded platform five years after buying it for $1.62bn. Depop has 7 million buyers and 3 million sellers, mostly under 34, and is growing rapidly in the US market.

2 min read

Trump Adviser Demands Discipline for Fed Economists Over Tariff Study

Trump economic adviser Kevin Hassett criticizes a Federal Reserve study on tariffs, calling for discipline of economists over findings that US firms and consumers bear most tariff costs amid ongoing legal and economic debates.

3 min read

Great Britain Household Energy Bills Set to Drop Nearly £117 Annually from April

Great Britain’s household energy bills are forecast to fall by nearly £117 annually from April after green subsidy costs are removed from domestic bills, according to Cornwall Insight. Despite the reduction, bills remain higher than pre-Ukraine invasion levels due to ongoing energy market and inf...

3 min read

Will UK Interest Rates Drop Soon? Bank of England Holds at 3.75%

The Bank of England held interest rates at 3.75% in January 2026, with analysts divided on future cuts. Inflation has fallen to 3%, and further rate reductions may occur this year, affecting mortgages, loans, and savings.

5 min read

UK Inflation at 3% in January Despite Interest Rate Cuts

UK inflation fell to 3% in January, still above the Bank of England's 2% target despite six interest rate cuts since August 2024. Wage growth outpaced inflation, while the Bank balances economic risks amid weak growth and rising unemployment.

5 min read

Over 100 Jobs at Risk as Aberdeenshire Butcher Donald Russell Plans Closure

Donald Russell, an Aberdeenshire online butcher, plans to close, putting over 100 jobs at risk amid financial challenges and volatile meat prices.

2 min read

Glencore to Distribute $2bn to Shareholders Despite 6% Profit Decline

Glencore plans a $2bn payout to shareholders despite a 6% profit drop and failed $260bn merger with Rio Tinto, focusing on expanding copper production amid fluctuating commodity prices.

3 min read

UK Inflation Falls to 3%, Boosting Chances of March BoE Rate Cut; FTSE 100 Hits Record

UK inflation fell to 3% in January, the lowest since March 2025, raising chances of a March Bank of England rate cut. The FTSE 100 reached a record high amid easing inflation, while experts debate timing of rate cuts and note sticky services inflation.

15 min read

UK Inflation Drops to 3% in January Fueled by Lower Fuel and Food Prices

UK inflation fell to 3% in January from 3.4% in December, driven by lower fuel, airfare, and food prices, as the government aims to reduce the cost of living.

1 min read

Manx Businesses Praise Largest Rise in Tax-Free Allowance Amid Budget Changes

Manx businesses welcome the largest rise in tax-free allowance to £17,000, offsetting a reduced minimum wage increase amid mixed reactions from sectors including care.

4 min read

Investor Fears Losing £12,000 in Brewdog as Sale Looms

Richard Fisher invested £12,000 in Brewdog's Equity for Punks scheme but now fears losing it all as the company prepares for a potential sale amid declining share value and priority given to institutional investors.

5 min read