Real Living Wage rises to £15.45 in London and £14.10 across UK
The voluntary hourly rate is rising by 65p in London and across the UK. Almost half a million workers at accredited employers are expected to benefit.
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Business
Companies, labor, strategy, supply chains, and leadership.
442 stories
Jio Platforms sets IPO price band, with offer poised to be India’s largest
Reliance Industries set a 1,065–1,119 rupee price range for Jio Platforms shares, with subscriptions scheduled for October 21–23. The offer could raise nearly $3.2 billion.
States seek safeguards for children’s data in Character.AI bankruptcy
Forty state attorneys general want a Delaware bankruptcy court to protect sensitive chats and require child-safety measures as Character.AI explores an asset sale.
Costco’s Christchurch store proposal accepted into fast-track approvals process
The referral lets Costco lodge a substantive application for a proposed warehouse near Christchurch Airport. Final approval to build is still required.
Kraken parent Payward agrees to buy Lithuania’s Saldo Bank
The proposed acquisition could give Payward a European banking platform for deposits, lending and payments. Regulatory approval is still required, and closing is expected in 2027.
CPPE says NNPC fuel relief does not reverse Nigeria’s subsidy removal
The business group describes NNPC’s temporary petrol discount as a response to rising global energy costs, while IMF officials favour targeted help over a general subsidy.
US inflation rises to 3.7% before midterms, leaving Fed rate decision uncertain
September consumer prices rose at their fastest monthly pace in five months. Economists and investors differ over whether the Federal Reserve will raise rates again in October.
Tesla schedules another Roadster reveal in Waco after weather postponement
Tesla says it will livestream a Roadster event on October 15, reviving a car first unveiled in 2017. Its performance figures remain company claims.
US inflation rose to 3.7% in September, up from 3.4% in August
The Bureau of Labor Statistics’ September consumer price report showed a 0.6% monthly increase, according to reports from NBC News and CNBC.
Delta unveils Delta One service overhaul, with new suites planned for 2027
New dining and amenities are due to begin rolling out from Los Angeles, while updated suites are planned for Delta’s incoming Airbus A350-1000 aircraft.
IEA says global diesel squeeze could persist well into 2027
The agency expects supply constraints to continue and says replenishment of depleted inventories is unlikely before the second half of 2027.
CMA fines Wayfair, Appliances Direct and Gold’s Gym over sales tactics
The three businesses face fines totalling about £6 million, while affected Appliances Direct and Gold’s Gym customers are due refunds.
Nvidia pledges $250 million in computing for UK AI safety research
The five-year commitment would provide $50 million a year in computing resources for AI safety and security research, according to Reuters.
Escondida supervisors call strike after contract mediation fails
A union representing about 1,020 supervisors at the Chilean copper mine called a walkout for the first shift on October 14 after talks with BHP ended without a deal.
Malaysians aged 30 and below made RM5.4 billion in buy now, pay later purchases
Finance Ministry figures for the first half of 2026 show younger consumers accounted for more than a third of Malaysia's buy now, pay later transactions.
ASML says planned supply will fall short of customer demand in 2027 and 2028
The chipmaking equipment supplier is examining additional capacity as AI-driven demand outpaces its existing plans.
Argentina’s September inflation rises to 1.9%, staying below 2%
Consumer prices rose faster than in August, but monthly inflation remained below 2% for a second consecutive month.
China’s September exports and imports beat forecasts as trade growth accelerates
Exports rose 36.3% from a year earlier and imports climbed 31.0%, both above forecasts, according to reports citing China’s customs data.