The BBC is preparing for a major workforce reduction, with plans to eliminate up to 2,000 roles as mounting financial…
Category: Business
£10 Billion Sale of UK Port Giant Draws Global Infrastructure Heavyweights
LONDON, April 8 — A high-stakes sale of a controlling interest in Associated British Ports (ABP) is beginning to attract…
ECB Set to Pause Rate Moves Again as Inflation Stays Tame
The European Central Bank is widely expected to keep interest rates unchanged for a third consecutive meeting on Thursday, signalling…
Lotus to cut UK jobs as US tariffs bite
LONDON: Chinese-owned luxury carmaker Lotus is set to slash up to 550 jobs in the UK—more than 40% of its…
Apple warns UK mobile market shake-up could harm users and developers
LONDON: Apple has cautioned that Britain’s push to boost competition in the mobile operating system market may backfire, potentially harming…
Uber Loses Supreme Court Appeal Over VAT Rules on Rival Operators in UK
LONDON –Uber has lost its bid at the UK Supreme Court to impose a 20% value-added tax (VAT) on rival…
UK and OpenAI Forge Strategic AI Partnership
The UK government and OpenAI—the creator of ChatGPT—have entered into a strategic partnership to bolster AI security research and explore…
BP Exits US Onshore Wind Sector in Strategic Shift Toward Core Energy Business
LONDON, July 18 — British energy giant BP has announced the sale of its entire U.S. onshore wind business to…
Norwegian Government Divests Final Stake in Norwegian Air for £68.9 Million
The Norwegian government has sold its remaining 6.26% stake in Norwegian Air Shuttle ASA, marking a major milestone in ending…
UK Retailer Halts Labubu Toy Sales Amid Safety Concerns and Violence
LONDON, 24 May 2025 — A leading UK retailer has suspended in-store sales of the popular Labubu toy amid growing…