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TUC Calls for Ban on Dynamic Pay Algorithms on Platforms Like Uber

The TUC urges banning dynamic pay on gig platforms like Uber, citing worker testimonies of unpredictable wages and calls for government action to ensure transparency and fair employment rights.

4 min read

Spirit Airlines to Cease Operations After $500M Bailout Talks Fail

Spirit Airlines is shutting down after failing to secure a $500M bailout amid soaring fuel costs and collapsed rescue talks with the Trump administration.

3 min read

Trump Raises EU Car Tariffs to 25%, Citing EU Non-Compliance with Trade Deal

President Trump announced a tariff increase on EU cars and trucks from 15% to 25%, citing EU non-compliance with their trade deal. The EU criticized the move and is expected to respond diplomatically. The tariff hike follows ongoing tensions over US troop deployments in Europe.

4 min read

Trump Ends US Tariffs on Northern Ireland Whiskey, Boosting Distillers

President Trump has removed US tariffs on Northern Ireland whiskey following the UK royal visit, benefiting distillers like Bushmills while Republic of Ireland whiskey remains subject to tariffs.

3 min read

UK Defence Firm Ultra Electronics to Pay £15m After SFO Bribery Probe

British defence firm Ultra Electronics accepts failure to prevent bribery in Algeria and Oman, agreeing to pay £15m after SFO investigation and committing to compliance reforms.

4 min read

Trump to Raise EU Car Tariffs to 25% Citing Trade Deal Issues

Donald Trump announced plans to raise tariffs on EU cars and trucks to 25%, citing non-compliance with a trade deal. The current 15% tariff was set under a 2023 agreement, which faced suspension amid political tensions but was later approved by the European Parliament.

2 min read

Elon Musk's Tesla Pay Valued at $158bn but Not Immediately Accessible

Tesla values Elon Musk's 2025 compensation at $158bn, contingent on meeting ambitious milestones including raising market value to $8.5tn. Musk's pay is currently nominal, with legal disputes and other ventures ongoing.

3 min read

Spirit Airlines Faces Shutdown Amid Financial Struggles and Rising Fuel Costs

Spirit Airlines is preparing to cease operations after financial struggles and stalled rescue efforts amid rising jet fuel costs and a blocked merger with JetBlue.

2 min read

The Real Greek Restaurant Chain Faces Closure Amid Rising Costs

The Real Greek, a UK restaurant chain with 28 outlets, faces closure due to rising costs. Owner Toridoll plans administration amid inflation and wage increases. Karali Group may seek to acquire some locations.

1 min read

Renault Sees Major Rise in EV Interest Amid Iran War Oil Price Surge

Renault reports a major rise in electric vehicle interest amid soaring oil prices from the Iran war. UK retail struggles, Apple’s strong earnings, petrol price scrutiny, and economic impacts on manufacturing and banking also featured.

13 min read

FCA Faces Four Lawsuits Over £9.1bn Car Loan Compensation Scheme

The FCA faces four legal challenges over its £9.1bn motor finance compensation scheme, including claims from Consumer Voice and major lenders, creating uncertainty for millions of consumers and potentially delaying payouts.

3 min read

UK Watchdog Finds No Widespread Fuel Price-Gouging After Middle East Conflict

The UK Competition and Markets Authority found no widespread fuel price-gouging after the US-Israel war with Iran began, though some retailers saw margin increases.

1 min read