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Business News brief 16 Sept 2026
A fresh rally in international diesel prices has widened the gap between international prices and Brazil's state-owned oil company Petrobras to record levels, prompting independent...
By NewsJaws News Feed · 1 min read Business
Business RWE buys 3% more in M31, lifts its Amprion stake to about 58% RWE , Germany's biggest power producer, said on Wednesday it had bought an additional 3% stake in M31, which holds around three-quarters of shares in transmission system...
Business
Business US bets heavy on Westinghouse fleet but cost hurdles loom New federal financing for ten Westinghouse AP1000 reactors could boost the nuclear supply chain but promised reductions in costs and construction times will not be...
Business
Business LSU sack leader Princewill Umanmielen served in $550K lawsuit filed by Ole Miss LSU sack leader Princewill Umanmielen has been served legal papers related to a July lawsuit filed by the University of Mississippi which alleges that the former Rebels edge...
Business
Business Flydubai expects return to full capacity by end of year, CEO says Dubai airline flydubai expects to return to full capacity by the end of the year, its CEO said on Wednesday, as carriers across the region recover from the impact of the Iran war.
Business
Business US shoppers roar back in August, lifting retail sales 1.2% after July dip Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot...
Business
Business Aberdeen's Union Square shopping centre put on the market for £175m US private equity firm Lone Star purchased the site for £111m in March 2024 - but the reason for the latest sale is unclear.
Business
Business Japan gas association welcomes government's first emergency LNG deal with Petronas Japan Gas Association welcomed the government's first deal to procure liquefied natural gas from Malaysia's Petronas in an emergencies and hoped similar agreements would...
Business Mirror publisher to cut 220 editorial jobs as readers turn to AI summaries Reach, which also owns Express, makes decision because of ‘mammoth shift’ in how audiences seek out content The publisher of the Mirror and Express newspapers is to cut a...
Business
Business Sling Therapeutics raises $123 million to advance thyroid eye disease drug Drug developer Sling Therapeutics said on Wednesday it had raised $123 million to advance a late-stage trial of its experimental oral drug to treat thyroid eye disease.
Business
Business World Bank names Nobel laureate Michael Kremer as next chief economist The World Bank on Wednesday named Nobel laureate and University of Chicago professor Michael Kremer as its next chief economist, succeeding Indermit Gill, who retired last month.
Business
Business Allowing AI firms to collude to ‘pace the frontier’ is a dangerous proposition Tech CEOs banding together is an old ruse recycled from corporate America to get a pass from antitrust laws Anthropic’s Dario Amodei is not the first corporate CEO to suggest...
Business
Business Ladbrokes owner prepares to cut 400 jobs weeks after profit boost Entain, which also owns Coral and BetMGM, starts consultation process over customer care roles The Ladbrokes owner, Entain, has said it is preparing to cut 400 jobs, only weeks...
Business
Business India cabinet clears plan to raise EPF wage upper limit to 25,000 rupees India's cabinet approved raising the wage ceiling for Employees' Provident Fund coverage to 25,000 rupees ($260) from 15,000 rupees on Wednesday, Information Minister Ashwini...
Business
Business Sterling steady after UK inflation, eyes turn to BoE The British pound was little changed against the euro and the dollar on Wednesday as underlying readings of UK inflation held steady in August, even as headline consumer price...
Business
Business India eases export rules, waives registration for small exporters India has eased export rules by waiving the requirement for registration certificates for shipments valued at up to 300,000 rupees ($3,125), a government statement said on...
Business Trump wants lower rates. His new Fed chairman is poised to raise them The Federal Reserve finds itself in a confusing economic moment, but one thing has become clear: Interest rates are moving higher, likely starting Wednesday. That’s an awkward...
Business
Business Vodacom to appeal Kenya court ruling against Safaricom stake purchase South African telecoms group Vodacom plans to appeal a Kenyan court ruling that ordered the cancellation of the deal it completed earlier this year to buy an additional 15%...