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NatWest Faces £140m Impact from Iran War Amid UK Growth Slowdown and Rising Inflation

NatWest anticipates a £140m cost from the Iran conflict amid UK growth slowdown and inflation rise, reporting £2bn profits and revising economic forecasts.

2 min read

People walk past a NatWest branch in London.

Fertiliser Chief Warns Iran Conflict Threatens 10 Billion Weekly Meals Globally

Yara CEO Svein Tore Holsether warns Iran conflict disrupts fertiliser supplies, risking 10 billion meals weekly and hitting poorest nations hardest.

3 min read

Getty Images /Tatiana Terekhina A woman whose apron and arms are in shot, is assembling a Banh Mi sandwich, using tongs to fill a roll with vegetables. She is wearing black plastic gloves.

Scotland's 'First Hotel' May Reopen as Business Hub in Gretna

The Greens Hotel in Gretna, once Scotland's first hotel, may reopen as a business centre after closing due to the pandemic and economic challenges.

2 min read

Glasgow Businesses Struggle as Union Street Fire Cordon Stays Until July

Glasgow businesses near Central Station face severe losses as a fire cordon on Union and Gordon Streets reduces footfall, with closures expected until July. Business owners report significant financial strain despite council support efforts.

5 min read

Sebastian Bacewicz Sebastian Bacewicz wearing chef whites with some of his staff outside the Gordon Street branch of Pastéis Lisboa. There is a man and a woman wearing navy blue and a woman also wearing chef whites.

Masnachwyr yn poeni am ddyfodol Marchnad Dan Do Caerdydd wrth i gynllun tai gael ei ystyried

Masnachwyr Marchnad Dan Do Caerdydd yn mynegi pryderon wrth i gynlluniau adeiladu tai fforddiadwy gael eu hystyried, gan wynebu ansicrwydd am ddyfodol y farchnad boblogaidd.

5 min read

Y neuadd arwerthiant gyda rhesi o nwyddau hen

Heating Oil Prices in Northern Ireland Surge by Record 92% in March

Heating oil prices in Northern Ireland surged by a record 92% in March, surpassing last year's increase. Prices peaked at £627 for 500 litres in April and have since declined. Lower income households will receive a £100 grant to help with costs.

2 min read

Getty Images A woman is pictured adjusting the heating using a wall mounted electronic panel. She is dressed in a blue and white stripe top, with copper coloured dungarees.

Apple Reports Record iPhone Demand as Tim Cook Prepares to Step Down

Apple's iPhone sales hit record levels, especially in China, with overall product sales up 17% to $111bn in Q1. Tim Cook calls the demand 'extraordinary' as he prepares to leave his CEO role.

1 min read

Reuters Apple CEO Tim Cook in a dark grey suit and necktie, with a light grey dress shirt, speaking in a room of people during a reception at the White House.

Trump to Remove Some Whisky Tariffs Following King Charles' US Visit

Donald Trump will remove some whisky tariffs to honor King Charles and Queen Camilla's US visit, easing restrictions on Scotland-Kentucky whisky collaboration.

1 min read

Premier Inn Owner Whitbread to Cut 3,800 Jobs in Five-Year Savings Plan

Whitbread, owner of Premier Inn, plans to cut 3,800 jobs in the UK and Ireland as part of a five-year plan to save £250m and revamp its restaurant model amid rising costs.

2 min read

Bank of England Signals Possible Rate Hikes Amid Middle East Conflict Impact

The Bank of England signals possible interest rate hikes amid Middle East conflict, projecting mortgage and energy bill increases, higher inflation impacting low-income households, and potential rises in unemployment.

4 min read

Getty Images A young couple sit in their kitchen looking at bills. The woman is holding papers and the man is holding a tablet device

Faisal Islam: Navigating the UK's Uncertainties Amid Global Energy Crisis

The Bank of England highlights global uncertainties affecting UK interest rates amid rising energy prices and geopolitical tensions, urging households and businesses to prepare for prolonged economic challenges.

4 min read

Mike Kemp/In Pictures via Getty Images A man in a long dark coat is striding past the Bank of England building on a sunny day.

Oil Hits Four-Year High as Bank of England Holds Rates Amid Iran Conflict

Oil prices hit a four-year high amid Iran conflict concerns as the Bank of England holds rates. Eurozone growth slows, Germany surprises with 0.3% growth, and major companies adjust strategies amid rising costs and geopolitical tensions.

13 min read

A crude oil tanker is seen at the Port of New York and New Jersey, the United States, on 29 April.

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