Business

India's expansive information technology outsourcing sector is eyeing a potential renaissance under a second Donald Trump presidency, as the industry, which generates more than half its revenues from the US, anticipates increased customer…

The three largest state-owned Chinese airlines are aggressively expanding their European routes, capitalising on their unique advantage of unrestricted access to Russian airspace. This strategic expansion comes as Western carriers retreat…

Western corporations operating in Russia contributed a staggering £2.8 billion in profit taxes during 2023, highlighting the continued financial ties between international businesses and Moscow despite widespread sanctions following the…

Chancellor Rachel Reeves is set to intensify pressure on British regulators this week, demanding they eliminate rules perceived as barriers to economic growth. The move comes amidst mounting criticism from the business sector regarding the…

A landmark legal battle commenced Monday as Apple confronts a £1.5 billion class action lawsuit in the UK over allegations of "excessive and unfair" charges on its App Store downloads. The trial, set to span seven weeks in the Competition…

Sainsbury's CEO Simon Roberts has issued a cautious stance on future recruitment amid mounting wage pressures, despite the supermarket giant celebrating its most successful Christmas trading period to date. The UK's second-largest…

The high street pharmacy giant Boots has reported exceptional sales growth, propelled by a surge in Black Friday online shopping, whilst its American parent company's shares climbed by nearly 20 per cent. The retailer, owned by Walgreens…

Britain's largest supermarket chain faces mounting pressures from wage increases and rising costs, casting a shadow over its record-breaking Christmas trading period and highest market share since 2016. Tesco's Chief Executive Ken Murphy…

The retail giant Marks & Spencer has made a bold commitment to minimise cost increases for consumers amid mounting economic pressures and post-budget challenges. Chief Executive Stuart Machin emphasised the company's determination to…

Major British retailers saw more than £2 billion wiped from their market value as mounting cost pressures and economic uncertainties cast a shadow over the retail sector. Despite strong festive sales performances, retail giants Tesco and…

The founder of RBG Holdings, Ian Rosenblatt, has declared the listed legal services group "insolvent" amidst an intensifying boardroom dispute. The situation reached a critical point as Rosenblatt threatened legal action against the board…

Scottish spirits giant William Grant & Sons has announced exceptional financial results for 2023, with sales approaching £2 billion and pre-tax profits soaring to £554 million, marking a significant increase from £397.6 million in the…

A nine-year directorship ban has been imposed on Neville Taylor, 57, who stands accused of systematically undermining the UK's insolvency system by aiding struggling business owners in debt evasion. Taylor, who held directorships in more…

British firms cut jobs at the sharpest pace in four years during December, following the Chancellor's budget measures that increased employment costs and dampened business confidence. The rate of job losses, excluding pandemic-related cuts,…

British business leaders' confidence experienced a modest uptick in December, although persistent concerns about rising costs could hamper growth prospects in 2025. The Institute of Directors' (IoD) economic optimism index climbed four…

British retailers are bracing for what experts predict will be a record-breaking year of shop closures in 2025, driven by the imminent rise in business rates and persistent economic headwinds. Data from the Centre for Retail Research…

British kitchenware retailer ProCook has unveiled plans to launch its own range of coffee machines in early 2025, marking a significant expansion of its electrical appliances portfolio. The company, which operates 64 brick-and-mortar shops…

Qatar has issued a stark warning to the European Union, threatening to cease its crucial liquefied natural gas (LNG) exports if the bloc enforces stringent new environmental and human rights legislation that could result in substantial…