Business

More in Business

Greens Propose 38% Windfall Tax on Big Banks to Fund Small Business Relief

Green Party leader Zack Polanski has proposed a 38% windfall tax on big banks' UK profits above £800m, aiming to raise up to £19bn to cut taxes for over a million small businesses.

5 min read

Evergrande Founder Hui Ka Yan Sentenced to Life in Prison in China

Evergrande founder Hui Ka Yan has been sentenced to life imprisonment and stripped of his personal assets by a Shenzhen court, with the company fined 15.82bn yuan over fraud and bribery charges.

3 min read

Trump Warns of 'Tremendous' Economic Fallout for Nations Aiding Iran

Trump has threatened severe economic penalties on any nation aiding Iran, extending a sanctions campaign that has already frozen billions in assets and slashed Iranian oil exports amid a stalled ceasefire.

4 min read

Canada and US Signal Trade Deal Is Near, But Key Terms Still Unclear

Canada and the US say a trade deal is close, with Trump and Carney touting progress, but auto, dairy and alcohol terms remain unresolved ahead of a looming tariff deadline.

6 min read

Treasury Boosts Bond Buybacks as 30-Year Yields Retreat from 20-Year High

The US Treasury doubled its bond buyback capacity on 19 August 2026, easing 30-year yields from a near 20-year high, as analysts debate whether the move signals a broader strategy to control borrowing costs ahead of the midterms.

6 min read

HMRC Sends Over 81,000 Warning Letters to Crypto Investors Over Unpaid Tax

HMRC sent over 81,000 warning letters to crypto holders in 2025-26, nearly triple the 2023-24 figure, as new international data-sharing rules due by 2027 threaten to expose undeclared gains.

5 min read

Monzo Resolves Card Payment and Transfer Outage After Backup System Falters

Monzo has resolved a technical fault that blocked card payments and transfers, after its backup system reportedly failed to work as intended for some customers, sparking widespread user complaints.

3 min read

Moderna Shares Nearly Double as Melanoma Vaccine Clears Late-Stage Trial

Moderna and Merck shares surged after a phase 3 melanoma vaccine trial succeeded, as the US Treasury moved to calm bond markets, UK inflation rose on energy bills, and Unitree's stock market debut soared.

15 min read

Northern Ireland Average House Price Tops £200,000 for First Time Since 2007

Official figures show Northern Ireland's average house price passed £200,000 in Q2 2026 for the first time since 2007, driven by strong jobs growth and a shortage of new homes.

4 min read

Trump Pulls Back on Canada Tariffs as Trade Talks Show ‘Substantial Progress’

Trump halted a planned 50% tariff hike on Canada hours before it took effect, citing trade-deal progress, as Florida primary upsets and OpenAI's security pause also made headlines.

8 min read

Tom Holland Set to Earn $100m From Spider-Man: Brand New Day's Record Run

Tom Holland is reportedly set to earn at least $100m from Spider-Man: Brand New Day, as the film passes $2bn worldwide and becomes the eighth highest-grossing movie of all time.

4 min read

UK Inflation Climbs to 2.9% as Energy Costs Bite, But No Repeat of Past Crisis

UK inflation rose to 2.9% in July 2026 amid higher energy bills tied to the Iran conflict, but economists say the increase remains far more muted than past crises, with the Bank of England holding rates steady.

5 min read