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New Laws Will Simplify Subscription Cancellations and Refunds

New laws set for spring 2027 will simplify subscription cancellations and refunds, aiming to save consumers nearly £170 annually and prevent unwanted auto-renewals.

3 min read

SpaceX Files Confidential IPO to Become Publicly-Traded Company Valued Over $1 Trillion

SpaceX has filed a confidential IPO with the SEC, aiming to go public by June with a valuation over $1 trillion, marking a historic market debut for Elon Musk's aerospace company.

3 min read

Scottish Leaders Demand Business Rates Reform Amid Cost of Living Crisis

Scottish leaders call for business rates reform amid soaring costs impacting firms like Glasgow's Wunderbar, which faces a £500,000 tax hike and potential job cuts. Relief measures and political pledges aim to ease the cost-of-living crisis ahead of the election.

7 min read

Oracle Cuts Thousands of Jobs Amid Increased AI Infrastructure Investment

Oracle is cutting thousands of jobs as it increases investment in AI infrastructure, aiming to reassure investors despite concerns over costs and debt. The layoffs affect senior technical staff amid a broader tech industry trend toward AI-focused restructuring.

3 min read

Iran War Shock May Raise Mortgages for 1.3 Million UK Homeowners by 2028

The Bank of England warns that the Iran war could increase mortgage costs for 1.3 million UK homeowners by 2028, amid rising energy prices and borrowing costs impacting the economy.

2 min read

UK Food Inflation Could Reach 9% in 2026 Amid Iran Conflict and Energy Price Surge

UK food inflation could reach 9% in 2026 due to Iran conflict-driven energy price rises, warns Food and Drink Federation. Chancellor Rachel Reeves meets retailers amid concerns over supply and cost of living impacts.

2 min read

Oracle Announces Significant Job Cuts Amid Major AI Investments

Oracle has made significant job cuts amid major AI investments, affecting thousands of employees. The company emphasizes layoffs were not performance-based and highlights AI's role in enabling smaller teams to deliver more.

3 min read

Oil Prices Plunge and Stock Markets Rally on Hopes of Middle East Conflict Resolution

Oil prices have fallen sharply amid hopes of a swift end to the Iran conflict, boosting global stock markets. Brent crude dropped below $100 a barrel, while UK food inflation forecasts tripled due to rising costs linked to the war.

6 min read

Asia Stocks Surge After Trump Predicts Iran Conflict Could End Soon

Asian stocks surged after President Trump stated the US would leave Iran within weeks, despite ongoing conflict and rising oil prices impacting global markets.

3 min read

Minimum Wage Increased to £12.71 per Hour for Over-21s

The national minimum wage rises to £12.71 for over-21s, affecting 2.7 million workers. While welcomed by campaigners, businesses warn of rising costs and potential job cuts amid ongoing economic pressures.

5 min read

Chalmers Unveils Fuel Crisis Support Package with Tax Relief for Small Businesses

Treasurer Jim Chalmers unveils a support package including tax relief and credit access for small businesses affected by the fuel crisis. Meanwhile, Anthropic signs Australia's AI plan, and health insurance premiums rise by 4.41%. Political responses to fuel and Middle East tensions continue.

10 min read

Oil Prices Near Highest Since Iran Conflict Began

Brent crude oil prices near $119 per barrel amid Iran conflict, pushing fuel costs and energy bills higher globally. Airlines adjust fares and operations due to rising jet fuel prices.

3 min read