Business
24 articles · Updated continuously
Business
BusinessUS or Iran: Who will win the Hormuz endurance game?
Deadlocked, dysfunctional and dangerous. That is how the Strait of Hormuz standoff is increasingly being described. Now approaching its fourth month, the crisis off Iran's coast is marked by mutual bl
BusinessBank boss sorry after describing workers as 'lower value human capital'
The boss of Standard Chartered has apologised after describing employees whose jobs are vulnerable to being replaced by Artificial Intelligence (AI) as "lower value human capital". Discussing how auto
BusinessMorrisons planning to close 100 stores in next few months
Morrisons is planning to close 100 stores over the coming months, as it blamed government policy choices for rising costs. The supermarket chain said the affected convenience stores had been loss-maki
BusinessStop blaming young people for being unemployed, says Amazon's UK boss
Sean Farrington, presenter, Big Boss Interview podcast A record number of young people are out of work – but it is not their fault, Amazon's UK boss has said. "We have to stop blaming young people," J
BusinessWalmart says customers are rationing petrol as Iran war hits wallets
US retail giant’s shares plunge after saying it absorbed higher fuel expenses to hold down prices for consumers
BusinessDNC autopsy says Biden White House to blame for Harris loss
The party’s lack of unity caused party to haemorrhage voter confidence, according to the report’s author
BusinessHormuz Closure Threatens Recession Rivaling 2008, Rapidan Says
A closure of the Strait of Hormuz through August raises the risk of an economic downturn that comes close to the scale of the Great Recession in 2008, according to Rapidan Energy Group.
BusinessTrump abruptly postpones AI order after White House infighting
President refuses to approve order hours before planned signing due to fears US innovators will lose out to China
BusinessEuropean stocks volatile on Thursday as Iran Supreme Leader orders uranium to stay in country
A trader works at his desk on the floor of the New York Stock Exchange (NYSE) in New York on May 19, 2026. LONDON — European stocks were volatile on Thursday after Iran's Supreme Leader ordered that t
BusinessOil gains, European stocks down on uncertain Mideast peace prospects
The EU warned Thursday that eurozone growth would be less than expected this year, and inflation significantly higher than forecast
BusinessEasyJet boss: Summer flights unaffected
EasyJet boss says summer flights won't be hit by jet fuel shortages. Bookings are being made later due to uncertainty.
BusinessNvidia Posts Record Results
Nvidia reported a record quarter with sales and profits beating expectations, but shares fell in after-hours trading.
BusinessEU warns of new Middle East energy shock to economy
EU executive has downgraded its growth forecast for 2026
BusinessUK agrees £3.7bn trade deal with six Gulf states
The Prime Minister met Jasem Mohamed Albudaiwi, secretary general of the GCC, in Downing Street The UK has struck a trade deal with a group of six Gulf states which it says will be worth £3.7bn to the
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BusinessBudget battle lines drawn over Brussels spending scale and revenue sources [Advocacy Lab]
Free-market think tanks challenge Commission's record €1.8tn proposal as member states and parliament manoeuvre ahead of crunch negotiations
BusinessOil Falls for Third Day as Traders Parse Status of US-Iran Talks
Oil extended declines for a third day as investors speculated on whether the US and Iran are closing in on a peace deal that could lead to a resumption of flows through the vital Strait of Hormuz.
BusinessStocks Rise and Oil Falls on US-Iran Deal Hopes: Markets Wrap
Hopes for a diplomatic way out of the war in Iran lifted stocks and bonds as oil dropped on speculation that a deal would pave the way for a revival of energy flows through the key Strait of Hormuz.
BusinessEuropean Stocks Rise 1.5%
European stocks advanced on Wednesday, with global markets watching bond yields and UK inflation.
BusinessReeves rethinks food price cap after supermarket backlash
Treasury’s effort to get UK retailers to agree on voluntary price controls struggles to find support
BusinessThree supertankers attempt Strait of Hormuz crossing
Vessels bound for China and South Korea are carrying 6mn barrels of crude oil
BusinessBlackstone’s $5bn data centre plan melds creativity and necessity
The idea makes sense, and the opportunity is large
BusinessMEPs expected to back US trade deal despite weaker safeguards
Washington will review the newly agreed trade conditions
BusinessLIV Golf Faces Uncertain Future
LIV Golf's future is uncertain after losing Saudi support. The venture upended professional golf with big spending.