Global oil markets face significant volatility as Iran’s parliamentary vote to close the Strait of Hormuz threatens to disrupt one of the world’s most crucial oil transport routes. Market analysts
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Jaguar Land Rover has downgraded its earnings forecast and cashflow expectations for the current financial year, citing global uncertainties and the looming threat of President Trump’s tariffs. The luxury automaker
Pistachio-filled “Dubai chocolate” is taking the UK dessert market by storm, boasting a luxurious filling of pistachio cream and tahini encased with knafeh, a celebrated Arab dessert. However, while the
The global economy is projected to experience its most underwhelming decade since the 1960s, as reported by the World Bank. Recent analysis shows significant downgrades to growth expectations for nearly
The Governor of the Bank of England, Andrew Bailey, has warned that the future course of UK interest rates is becoming increasingly uncertain, largely affected by global trade disruptions attributed
The UK is bracing for slower economic growth over the next two years, according to a forecast released by the Organisation for Economic Co-operation and Development (OECD). The economic outlook
Shein, the fast-fashion titan valued at £50 billion, is preparing to shift its highly anticipated public listing from London to Hong Kong. The move follows a series of setbacks, including
Elon Musk’s controversial decisions as the head of the so-called Department of Government Efficiency, or Doge, under Donald Trump’s administration have caused what some experts describe as one of the
The global economy may be facing a seismic shift as cracks begin to appear in Japan’s bond market, sparking fears for heavily indebted nations including the UK and the US.
New York’s renowned Diamond District was bustling last month, but the focus of conversation was not on diamonds. Instead, gold has emerged as the key asset on everyone’s mind. Years
China’s exports to the United States fell sharply last month, triggering a 21 per cent collapse in goods shipments to one of its key trading partners. This decline follows the
The UK’s FTSE 100 index experienced a modest rebound on Friday, gaining 23.19 points or 0.3%, closing at 8,554.80. However, this minor uplift was not enough to offset a challenging
Barbie-maker Mattel has announced plans to reduce its reliance on China-sourced products for the US market while raising prices in response to the tariff policies introduced under Donald Trump’s administration.
The UK services sector, which contributes approximately three-quarters of the country’s overall economy, saw its first contraction in 17 months this April. This downturn comes as global economic uncertainties, triggered
Donald Trump’s administration has reportedly relegated a potential UK-US trade deal to a lower priority, casting doubt over Britain’s ambitions to finalise such an agreement within weeks. Sources familiar with
Starbucks has reported a sharper-than-expected fall in global comparable sales, raising concerns over the success of its turnaround strategy. The coffee giant revealed a 1% decline in same-store sales during
