Sunday, 16 August 2026 Newsarchy UK live index
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Every UK story. Mapped, sourced, and explained where it matters.

Business

UK companies, markets, jobs, trade, consumer confidence and regional economic signals.

SpaceX Starship launch aborted due to engine failure during ignition

SpaceX Starship launch aborted due to engine failure during ignition

A technical failure involving the Super Heavy booster forced SpaceX to scrub the thirteenth Starship test flight, impacting both satellite deployment plans and stock value.

Business ·17 Jul 2026, 09:05 ·Maeve Turner 3 min read
SpaceX Starship launch aborted when engines fail to start just before takeoff

SpaceX Starship launch aborted when engines fail to start just before takeoff

A technical failure prevented the ignition of the SpaceX Starship rocket during its 13th test flight, forcing an automatic abort at the Starbase facility. The launch team is offloading propellant and preparing for a future attempt.

Business ·17 Jul 2026, 08:02 ·Maeve Turner 3 min read
Taco Bell removes lettuce from supplier linked to cyclosporiasis outbreak

Taco Bell removes lettuce from supplier linked to cyclosporiasis outbreak

Federal health officials have linked a parasitic illness outbreak to shredded lettuce at Taco Bell locations in five states, prompting a nationwide removal.

Business ·17 Jul 2026, 07:02 ·Maeve Turner 3 min read
SpaceX Starship rocket aborts before liftoff in 13th flight test attempt

SpaceX Starship rocket aborts before liftoff in 13th flight test attempt

SpaceX's 13th Starship test was halted seconds before launch after an automatic abort triggered by engine ignition failure. The incident caused company shares to fall to $131.11, dropping below the $135 IPO price for the first time.

Business ·17 Jul 2026, 06:03 ·Maeve Turner 3 min read
US stock markets fall as chip sector weakness offsets solid earnings data

US stock markets fall as chip sector weakness offsets solid earnings data

US markets fell on Thursday as a selloff in semiconductor firms offset positive economic indicators and corporate results. Despite the Nasdaq's 1.47% drop, analysts noted that several non-tech sectors continue to perform well.

Business ·16 Jul 2026, 23:33 ·Maeve Turner 3 min read
Eli Lilly to buy AtaiBeckley in $2.8bn deal, could rise to $3.8bn

Eli Lilly to buy AtaiBeckley in $2.8bn deal, could rise to $3.8bn

Eli Lilly will acquire AtaiBeckley for an upfront equity value of approximately $2.8 billion to gain access to therapies for treatment-resistant depression.

Business ·16 Jul 2026, 18:35 ·Maeve Turner 3 min read
FDA approves Lipfendra as first oral PCSK9 inhibitor for high cholesterol

FDA approves Lipfendra as first oral PCSK9 inhibitor for high cholesterol

Merck’s Lipfendra has received FDA approval as the first oral PCSK9 inhibitor, offering a daily pill option to help lower LDL cholesterol levels.

Business ·16 Jul 2026, 16:42 ·Maeve Turner 3 min read
Elon Musk loses trillionaire status as SpaceX and Tesla shares fall

Elon Musk loses trillionaire status as SpaceX and Tesla shares fall

Elon Musk's net worth has fallen below $1 trillion following a sharp decline in SpaceX share prices. A single-day drop of 16.43% for SpaceX shares erased $240 billion from his personal valuation.

Business ·16 Jul 2026, 15:35 ·Maeve Turner 3 min read
Social Security claiming decisions should not rely on life expectancy

Social Security claiming decisions should not rely on life expectancy

As the UK government reviews proposals to accelerate the state pension age, experts warn against using personal life expectancy to time retirement claims. Workers are instead encouraged to focus on proactive measures like asset consolidation and adjusting pension contributions.

Business ·16 Jul 2026, 13:34 ·Maeve Turner 3 min read
Hormuz Risk Is Back: Why The Market Is Wrong On Energy - Forbes

Hormuz Risk Is Back: Why The Market Is Wrong On Energy - Forbes

Renewed conflict in the Strait of Hormuz and the revocation of a key U.S. sanctions license have created significant energy market uncertainty.

Business ·16 Jul 2026, 10:41 ·Maeve Turner 5 min read
British Steel brought into public ownership to secure UK supply chain

British Steel brought into public ownership to secure UK supply chain

The UK government has officially transitioned British Steel into public ownership to protect the nation's last virgin steel facility and secure essential infrastructure supply chains.

Business ·16 Jul 2026, 10:33 ·Maeve Turner 4 min read
Professional Tax Associates scam calls target victims with fake tax threats

Professional Tax Associates scam calls target victims with fake tax threats

Fraudsters impersonating Professional Tax Associates are using high-pressure phone calls to trick victims into paying fake fees or providing remote device access. Experts advise verifying all tax claims through official channels and ignoring unsolicited requests for immediate payment.

Business ·16 Jul 2026, 08:33 ·Maeve Turner 3 min read
Singapore graduates struggle to secure roles despite high vacancy rates

Singapore graduates struggle to secure roles despite high vacancy rates

Despite official data showing thousands of entry-level vacancies, new graduates report significant struggles securing roles due to cautious hiring and automated filters. Experts suggest networking, soft skills, and certifications as strategies for navigating this challenging landscape.

Business ·16 Jul 2026, 04:06 ·Maeve Turner 3 min read
SpaceX shares slip below IPO price for first time as rally fizzles

SpaceX shares slip below IPO price for first time as rally fizzles

SpaceX stock has slipped below its initial public offering price, marking a shift for the company following its market debut. Analysts are now closely watching upcoming earnings and insider lock-up expirations for signs of volatility.

Business ·16 Jul 2026, 02:03 ·Maeve Turner 4 min read
Wall Street stocks rise on cooling inflation and strong quarterly earnings

Wall Street stocks rise on cooling inflation and strong quarterly earnings

Major equity indexes finished in positive territory as a decline in the Producer Price Index signaled cooling inflation, shifting expectations for Federal Reserve policy.

Business ·16 Jul 2026, 00:02 ·Maeve Turner 3 min read
PayPal jumps 16% as Stripe and Advent unveil $53bn acquisition offer

PayPal jumps 16% as Stripe and Advent unveil $53bn acquisition offer

PayPal stock rose after reports of a $53 billion takeover offer led by Stripe and Advent International. Analysts are split on whether the bid reflects the company's intrinsic value.

Business ·15 Jul 2026, 22:04 ·Maeve Turner 3 min read
New York Fed says US economy resilient, inflation likely peaked

New York Fed says US economy resilient, inflation likely peaked

New York Fed President John Williams states that the U.S. economy shows resilience with steady GDP growth. He projects inflation will begin to moderate as the Federal Reserve works toward its 2 percent target.

Business ·15 Jul 2026, 20:03 ·Maeve Turner 3 min read
White House officials meet senators to resolve Clarity Act ethics impasse

White House officials meet senators to resolve Clarity Act ethics impasse

The White House is working to secure bipartisan support for the Digital Asset Market Clarity Act by addressing Democratic demands for strict crypto-ethics rules.

Business ·15 Jul 2026, 19:07 ·Maeve Turner 4 min read
SpaceX shares dip near IPO price, sparking doubts over future listings

SpaceX shares dip near IPO price, sparking doubts over future listings

SpaceX's stock is testing a psychological threshold near its IPO price, prompting investors to reassess the company's valuation and broader market appetite.

Business ·15 Jul 2026, 18:33 ·Maeve Turner 3 min read
China's GDP Growth Unexpectedly Dips Below Official Target Range

China's GDP Growth Unexpectedly Dips Below Official Target Range

China's economic expansion slowed to its lowest point since the final quarter of 2022, prompting financial institutions to downgrade full-year forecasts. Policymakers are now considering fiscal interventions to address the imbalance between strong export growth and weak demand.

Business ·15 Jul 2026, 17:05 ·Maeve Turner 3 min read