Business

Volkswagen AG, Europe's largest carmaker, is facing a challenging situation as it has "a year, maybe two" to restructure in response to declining sales in its home market. This warning was issued by the company's finance chief, Arno…

In a significant shift from its 87-year history, Volkswagen is contemplating the closure of factories in Germany and potential job cuts as it faces a challenging economic environment. This consideration arises after the company's savings…

In a significant development for social media regulation, Brazil's Supreme Court has mandated the suspension of X (formerly Twitter) operations within the country. This decision follows the platform's failure to comply with a court order to…

Anglo American, the owner of a controversial fertiliser mine in North Yorkshire, has entered into a strategic partnership with two Chinese producers to develop a market for the unproven crop nutrient, polyhalite. The mining giant has signed…

In a remarkable turnaround, Victoria Beckham's eponymous fashion and beauty business has witnessed a staggering 52% surge in sales, reaching an impressive £89 million in the past year. This substantial growth has led to a significant…

In the wake of Sir Keir Starmer's keynote speech in Downing Street, wealthy households and businesses across the UK are preparing for potential tax increases as the government aims to address a £22bn shortfall in public finances. Starmer's…

The rapid advancement of generative AI is set to transform the creative industries, with British technology companies leading the charge. As the actors' strike in America last year highlighted, the implications of AI automation extend far…

As the world emerges from the shadows of the pandemic, business travel is making a strong comeback, but with a notable shift in priorities. Companies are now prioritising cost-effectiveness and environmental responsibility over the luxuries…

British businesses are losing out on billions of pounds in revenue by neglecting to file international patents at the same rate as their counterparts in other countries, experts have cautioned. A report by the Chartered Institute of Patent…

In a rare move for the current market, Applied Nutrition, a Merseyside-based supplements company, is preparing for a stock market debut that could value the firm at around £500 million. The company, led by the charismatic Thomas Ryder, has…

In a bid to revitalise its parcel delivery service and adapt to the changing landscape of the postal industry, Royal Mail has submitted a proposal to Ofcom, the industry regulator, to bring tracked and end-of-day special delivery services…

In a surprising turn of events, Ford Motor Company has decided to abandon its plans to manufacture a three-row electric sports utility vehicle (SUV) and will instead produce a hybrid model. This change is a response to the lukewarm…

Once a beloved supermarket chain known for its "everyday low prices," wide product selection, and friendly service, Asda has experienced a significant decline in recent years. Factors such as rising prices, declining standards, increased…

The economic landscape for small businesses in Britain has become increasingly challenging, with many entrepreneurs resorting to pawning personal belongings to secure working capital. Chris Gillespie, the chief executive of…

The price of gold has reached a new all-time high, with spot gold surpassing $2,525 per ounce this morning. This unprecedented surge in value means that a standard bar of gold is now worth an astonishing $1 million. The previous record high…

The chief executive of Sainsbury's, Simon Roberts, and the general secretary of the Union of Shop, Distributive and Allied Workers (Usdaw), Paddy Lillis, have issued a stark warning to the Labour government. They assert that unless the…

Cathay Pacific announced that it would spend $13bn in seven years to upgrade its aircraft, airport lounges, and cabins. The airline is trying to regain its reputation after being hit by the pandemic and its position as a global premium…

Businesses closed early Wednesday morning due to fears of further riots. Judges began handing out prison sentences, which the government hopes will end days of violence by far-right extremists across England. Derek Drummond, aged 58,…