GB Energy boss defends Aberdeen job creation record
Dan McGrail says the state-owned renewables investment firm is directly recruiting two people a week, and its funding is benefitting thousands more.
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Global bond sell-off piles new pressure on UK borrowing costs before budget
Rising cost of 10-year gilt to near 19-year high hikes upfront cost of government investment and limits chancellor’s room for manoeuvre
Business
Singapore court appoints KPMG to manage Radiant World, Bloomberg reports
A Singapore court on Thursday ordered that iron ore trader Radiant World be placed under the interim management of KPMG, Bloomberg News reported, in a case brought by the local...
Business
Starbucks to close another 250 coffeehouses in North America
Starbucks will close 250 underperforming coffeehouses in North America, the company said in a regulatory filing on Thursday, as CEO Brian Niccol deepens his turnaround push to...
‘Makes very little economic sense’: Ex-Trump energy secretary warns Trump against diesel export ban
President Donald Trump says he wants to ban America’s diesel exports, but his former energy secretary tells CNN this is a “bad idea” that will backfire.
Business
JoAnn Fabrics fans seek to stitch void left by private equity with crafts co-op
US crafters are looking to build a communal network to replace the company after it was bankrupted by private equity investors in 2025
Business
Flash sale: AO snaps up camera seller Jessops from Dragons’ Den star Peter Jones
Online electricals retailer says latest purchase continues to broaden its appeal beyond white goods, phones and TV Business live – latest updates The troubled camera retailer...
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Housebuilder Vistry slashes profit forecasts as losses balloon
Firm unveils further cost-cutting plan including job losses blaming poor summer sales of private homes Business live – latest updates Vistry Group, one of Britain’s biggest...
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McDonald’s is spending billions to make major changes
McDonald’s is spending billions of dollars to boost its franchises, an effort to cement its title as the leader in fast food amid growing competition.
Gulf shares slip on regional uncertainty, shipping concerns
Major Gulf equity markets fell in early trade on Thursday as little progress in US-Iran diplomacy and persistent risks to Strait of Hormuz shipping unsettled investors.
Business
Amazon bets $3 billion on India's fast-delivery boom, sources say
US e-commerce retailer Amazon will invest $3 billion to expand its India quick commerce business by 2030, two sources said, its biggest bet yet on a sector where rivals have...
Business
Swiss National Bank says 90% CET1 backing for UBS a good outcome
A 90% Common Equity Tier 1 backing for UBS's foreign units is a good amount, SNB Vice Chairman Antoine Martin said on Thursday, a day after Switzerland's upper house of...
California homes now selling for AI stock
As AI companies fuel a new wave of wealth in San Francisco, some homeowners are hoping to cash in by selling their properties in exchange for coveted pre-IPO AI stock. The...
Business
China raises fuel prices but caps increase a second time
China will raise retail gasoline and diesel prices following gains in global oil prices but cap the increases to cushion the impact on the domestic market, the National...
Business
BlackRock, IFM close in on $25 billion Stack data center deal, Bloomberg News reports
A consortium backed by BlackRock and IFM Investors has entered into exclusive talks for a potential acquisition of Stack Infrastructure’s Asia Pacific data centers, in a deal...
Business
UK's Raspberry Pi posts record first half on strong industrial demand
Britain's Raspberry Pi reported record first-half revenue and core profit growth on Thursday and maintained an upbeat annual outlook, as strong pricing and industrial demand...
Business
China's rare earths dominance to overshadow Trump's talks with Xi
The US will remain reliant on China for rare earths well into the 2030s even as it rapidly builds its own mining and processing facilities, a stark imbalance facing President...
German home prices edge up but pace slows
German home prices rose slightly in the second quarter of 2026, marking the seventh consecutive quarterly gain as the property sector in Europe's largest economy seeks...