The latest business and financial headlines, updated hourly via RSS from BBC Business, The Guardian, and CNBC.
Figure above 40% every week since early January as report says situation ‘no longer in freefall nor in recovery’Workers are heading back to offices across the UK in droves, pushing office occupancy to the highest since before the Covid-19 pandemic, as an expert described the numbers as “no longer in freefall nor in recovery mode but settling”.Investment banks such as Goldman Sachs and JPMorgan Chasehave led the push with strict return-to-office mandates despite anger among many employees about being ordered back to the office five days a week. Companies in other sectors have also increased days in the office but many businesses, including law and accounting firms, still allow staff to work remotely two days a week. Continue reading...
Business group warns of harm to small firms and trade as it calls for phased end to ‘de minimis’ exemptionsRemoving the UK’s tariff exemption for low-value imports could push up prices and harm small companies and trade, a leading business group has said, as it called for a phased-in approach to ending the “de minimis” rules.The UK government plans to end the tax break on imports of goods worth less than £135, making them subject to customs duty, with the changes to take effect in March 2029 at the latest. The US removed its longstanding de minimis exemption on 29 August. Before that packages valued at less than $800 (£597) were allowed to be shipped into the US tariff-free. Continue reading...
China's consumer inflation recorded the biggest jump in more than three years, as an extended holiday bolstered spending.
Madrid cites humanitarian and economic reasons to give undocumented workers legal status.
Data shows labour market is still in a fragile position due to economic uncertainty, with few signs of recoveryBritain’s jobs market is “floundering” amid weak hiring demand, with only limited signs of recovery, data has revealed.Companies remain cautious about hiring staff amid cost pressures and economic uncertainty, according to two reports released on Monday. They show the labour market continues to be in a fragile position. Continue reading...
Bahrain and the United Arab Emirates report more strikes on civilian targets as U.S.-Israeli attacks on Iran continue.
Exclusive: Goldsmith and brother Ben the major investors in trkradio, which is due to go to air next monthThe former Conservative minister Zac Goldsmith is launching a new sports radio station, trkradio, in the run-up to the men’s football World Cup this summer.The Track Radio Corporation is understood to have been granted a licence by Ofcom last week, with Goldsmith and his brother Ben, a financier and environmentalist, the major investors. Continue reading...
National Gas insists storage broadly in line with levels for time of year despite disruption for tankers carrying LNGGreat Britain has only two days of fossil gas stored after a decline in energy reserves, as more tankers carrying liquefied natural gas (LNG) are diverted from their course to Europe towards Asia because of the Iran war.Great Britain had 6,999 gigawatt hours (GWh) of fossil gas stored on Saturday, according to figures from National Gas, which owns and operates the gas national transmission system. This compares with 9,105 GWh a year earlier. Continue reading...
The SAVE America Act is all but certain to fail in the Senate, where Democrats will use the filibuster to sink it.
Exclusive: Plane that flew Reform leader to Maldives appears to be linked to billionaire Christopher HarborneNigel Farage’s attempt to reach the Chagos Islands military base was made on a private jet that appears to be linked to Reform UK’s mega-donor Christopher Harborne, it has emerged.Harborne, who has donated £12m to Reform UK, has links to the plane that flew Farage to the Maldives, and another that flew a group of Chagossian campaigners to Sri Lanka before they set out for the archipelago by boat. Continue reading...
The year so far has been marred with geopolitical volatility, leading some to believe the market may not be as concerned as it should be about war in Iran.
JLP, which runs department store chain and Waitrose, to report its results for year to January on ThursdayWorkers at the John Lewis Partnership are expected to find out this week whether they will receive their first annual bonus payment in four years.The retail group, which runs the John Lewis department store chain and Waitrose supermarket business, will also reveal how it has been progressing with its transformation strategy in an update on Thursday 12 March. Continue reading...
New age-verification laws and tools are designed for child safety on social media and the internet, but adults are in the crosshairs, say privacy experts.
Goldman Sachs' Asia Pacific energy analysts predict two of China's three oil giants could benefit if Brent prices climb amid sustained Middle East tensions.
Big tech, precious metals and small caps all have slowed down after big runs. But there is some hope their rallies will pick up again soon.
Kalinowski wrote she has "deep respect" for OpenAI CEO Sam Altman and the team, but the company announced the Pentagon deal "without the guardrails defined."
Governments are having to wake up to the fact they will have to take a closer interest in supply chains for essentialsOil prices ‘could breach $100 a barrel within days’ amid supply disruption from Iran warDonald Trump’s assault on Iran and the deadly conflict it has unleashed is grim and unprecedented – but there is a familiarity to its economic consequences: brace yourself for another price shock.From the Covid shutdown and subsequent reopening to Russian tanks rolling into Ukraine, the global economy has been rocked by one cost surge after another. Continue reading...
Self-styled ‘punk’ beer company bought land in 2020, pledging to plant Scotland’s ‘biggest ever forest’The self-styled “punk” beer company BrewDog sold its Highland estate for a knockdown price after abandoning its efforts to plant Scotland’s “biggest ever forest” there.BrewDog’s co-founder James Watt claimed its Lost Forest project at Kinrara in the Cairngorms national park would cover a “staggering area” and capture tens of millions of tonnes of CO2 during its lifetime. Continue reading...
Central bankers and economists warn prolonged conflict could raise retail prices and rip up growth forecastsHeather Stewart: UK must be prepared for a price shock from the Iran warAn inflation shock triggered by the US-Israel attack on Iran could wreck a fragile global economic recovery that had been expected to gain momentum this year.With oil and gas prices spiking, despite a pledge from Donald Trump to protect tankers making their way through the crucial strait of Hormuz shipping chokepoint, central bankers and economists have warned that a prolonged conflict could increase retail prices around the world and force them to rip up growth forecasts for this year. Continue reading...
Founder of family-owned firm says it will pause acquisitions after takeover of 15 Compass Coffee stores in USCaffè Nero will continue opening new shops in the UK and overseas, but has warned coffee prices are likely to keep rising as the war in Iran and higher staffing costs feed through.The family-owned business, which has just bought the 15-store Compass Coffee based in Washington DC to convert to its main brand, is aiming to open as many as 30 UK stores and between 50 and 70 more this year across the 10 other countries it operates in. Continue reading...