UK Financial Regulator Questions Whether APRs Give Borrowers a True Picture of Credit Costs Britain’s Financial Conduct Authority (FCA) has launched a review of annual percentage rates (APRs), the standard metric used in credit advertising, after its own research found…
Britain’s Fish and Chip Shops Face Mass Closures as Energy, Oil and Fish Costs Spiral Thousands of British fish and chip shops are on the brink of closure as surging fuel, cooking oil and fish prices erode profits and drive…
A quantitative trading firm most people have never heard of generated more revenue last year than some of the world’s largest corporations. Jane Street, the secretive market-making giant, posted $39.6 billion in net trading revenues in 2025—nearly double its $20.4…
President Donald Trump’s new across-the-board US import tariff has taken effect at a rate of 10%, after the Supreme Court struck down a large part of his previous tariff programme last week. The 10% levy began at 12:01 a.m. in…
The European Parliament has paused its ratification process for the EU-US trade deal agreed last July in Scotland, postponing a scheduled vote in its International Trade Committee as uncertainty grows over new US tariffs announced by President Donald Trump. The…
A UK food system “tinderbox” could be pushed into crisis by a single major shock such as extreme weather, a cyber-attack or war, according to a new peer-reviewed analysis that maps how disruptions could cascade into shortages, price spikes and…
Top bank chiefs are being handed pay packets that look increasingly like the pre-2008 era. New disclosures from NatWest and Lloyds in the UK, and Citigroup in the US, show sharp rises in total compensation and bonus payouts. The jump…
Health unions have criticised a 3.3% NHS pay rise for 1.4 million staff in England, calling it “an insult” and a “betrayal” of frontline workers. The increase, imposed for 2026-27, covers roles including nurses, midwives and porters. Unite went further…
The US economy added 130,000 jobs in January. Economists had expected 70,000. The unemployment rate reached 4.3%, a touch higher than in the fall. January beat December’s weak gain of 50,000. However, it trailed the 143,000 jobs added in January…
Manchester United has issued a rare public statement stressing its “inclusive and welcoming” values after co-owner Sir Jim Ratcliffe faced widespread condemnation for saying the UK is being “colonised” by immigrants. Ratcliffe, who is based in Monaco, apologised for his…