Business
Iranian forces target Bahrain and Kuwait after US hits Iran's south
Iranian forces have conducted a multi-theatre retaliation against U.S. installations across the Gulf, escalating tensions and threatening global oil transit. These strikes followed U.S. airstrikes in southern Iran and included attacks on oil tankers in the Strait of Hormuz.
Nasdaq futures rise as chip stocks recover ahead of tech earnings
US stock futures trended higher as investor sentiment found support in a semiconductor sector revival. Investors are now focused on upcoming tech earnings and the implementation of new trade policies targeting Canadian goods.
Alibaba faces tighter US AI chip export controls, cloud growth at risk
Alibaba's cloud-centric AI strategy faces pressure as U.S. regulators tighten access to Nvidia chips while Beijing considers new export rules for AI models.
Australian superannuation funds record fourth straight year of strong returns
Australian superannuation funds achieved a 10.5% median return for the 2025 financial year, supported by strong performance in international share markets.
KPMG warns rising energy prices threaten UK growth and interest rate cuts
Rising energy costs and supply disruptions are putting the UK's economic recovery at risk and keeping inflation above the Bank of England's 2 percent target. Analysts are divided on whether borrowing costs will fall by the end of 2026 or remain steady due to persistent inflation.
Andy Burnham weighs property tax and capital gains reforms as PM
Prime Minister Andy Burnham is planning a significant overhaul of the tax system, targeting property wealth and capital gains to balance national finances.
Poste Italiane launches 10.8 billion euro takeover bid for Telecom Italia
Poste Italiane is initiating a voluntary public offer to acquire Telecom Italia, seeking to integrate the nation's postal, financial, and connectivity networks.
UK fintech growth slows as political instability hits investor confidence
The UK fintech sector faces a slowdown as persistent political volatility and rapid government turnover weaken investor confidence. Funding has dropped to its lowest level since 2020, prompting calls for greater legislative consistency.
Cambridge opens New Whittle Laboratory to accelerate UK industrial growth
King Charles officially opened the New Whittle Laboratory, a facility designed to use artificial intelligence and rapid-testing to shorten development cycles.
Pound hits one-year high on prospects of Shabana Mahmood as Chancellor
The pound surged as markets reacted to the anticipated appointment of the fiscally conservative Mahmood, though analysts warned the rally reflects relief.
Burnham meets King as he is appointed prime minister
Former Greater Manchester mayor Andy Burnham has officially assumed the role of Prime Minister following Keir Starmer's resignation. He now faces immediate pressure to address the cost-of-living crisis and infrastructure challenges.
LONDON MARKET OPEN: UK ekes out 0.1% growth; M&A dominates market
London equity markets remain cautious as investors balance modest economic growth against geopolitical instability. High-profile merger and acquisition activity is currently the primary driver of index performance.
ECB decision and UK inflation data to drive markets in busy week ahead
Investors are weighing central bank policy paths against persistent inflation and geopolitical instability as key Eurozone and UK economic data releases loom.
UK economy retains fifth-largest global ranking as service sector grows
The UK economy grew by 0.6% in the first quarter of 2026, led by the services sector. However, the Bank of England warns that rising energy costs may drive inflation.
The flight hours and miles of World Cup travels of FIFA's Infantino in numbers
An analysis of flight logs shows that FIFA President Gianni Infantino traveled nearly 60,000 miles during the 2026 World Cup using a private jet. The findings highlight the tournament's logistical intensity and associated criticism regarding its environmental footprint.
Justin Baldoni asks court to deny Blake Lively's 8 million legal fee demand
Actor-director Justin Baldoni is pushing back against Blake Lively’s request for over $8 million in legal fees stemming from their defamation court battle. The filing claims the billing is heavily overstaffed and lacks evidence of reasonableness.
Bizcap US launches, bringing fast, flexible funding to SMBs
International lender Bizcap has expanded into the United States, promising small businesses rapid decision-making and flexible revolving capital facilities. The platform aims to provide an alternative to traditional bank loan processes for companies requiring rapid working-capital injections.
NASENI honours top staff and highlights progress on 44 local innovations
NASENI is scaling up its industrial efforts by transitioning 44 local prototypes from laboratories to the commercial marketplace. This strategic shift is supported by new fiscal reforms and infrastructure projects designed to boost Nigeria's technological self-reliance.
Zepto and Meta services suffer outages for thousands of users
Users across several countries reported widespread technical failures on Meta platforms and Zepto, including account errors and payment difficulties.
Dollar Tree to close 75 stores while opening 400 new locations this year
Dollar Tree is restructuring its network by shuttering 75 locations while expanding with 400 new store openings. The strategy includes a transition to multi-price offerings and the acquisition of former retail leases in key growth regions.