Business

British Steel’s Turkish Contract Puts Spotlight Back on the Case for UK Steelmaking

The announcement of British Steel's deal to supply rail for Turkey's Ankara–İzmir high-speed railway has reignited a debate about the importance — and the future — of steelmaking in the UK. The eight-figure contract with ERG International Group is a commercial win, but it has also prompted a broader conversation about what it would mean to lose the capability that produced it. British Steel, at...

Diversification Strategy Succeeds: India Maintains Energy Supply Despite Russian Decline

India's crude oil diversification strategy demonstrated its effectiveness in 2025, maintaining overall energy supply levels despite significant declines in Russian imports. While US crude imports to India increased by 65.6% to $8.2 billion during April-December 2025, Russian crude imports fell by more than 17%, declining from $40 billion to $33.1 billion in the same period. December 2025 import data shows successful diversification in practice. Although...

A “Transition” or a Termination? NZBA’s Shutdown Sparks Skepticism

The Net Zero Banking Alliance (NZBA) has announced its shutdown using the term "transition," stating members voted to move from an alliance to a...

A Strategic Pivot: Tata Shifts from Global Imports to Local Rival

In a major strategic pivot, Tata Steel shifted its sourcing for some operations from global imports to a local rival, procuring steel slabs from...

EU Parliament Trade Chair Warns of “Harming” Effect of Tariff Expansion

Bernd Lange, the influential chair of the European Parliament’s international trade committee, has issued a stark warning that the US expansion of steel tariffs...

Roche and Novartis Confident: Is a US Factory the Ultimate Tariff Shield?

Swiss pharmaceutical giants Roche and Novartis have expressed confidence that they will not be hit by Donald Trump's threatened 100% tariff on branded drugs,...

BP on Net-Zero: Fall in Oil Demand Must Be Sooner and More Intense

The fall in global oil demand required for net-zero must be "sooner, and with greater intensity," according to BP’s latest annual outlook. The energy...

The Numbers Behind the Deal: $100B, 10GW, and the Path to 2026

Beyond the headlines, the Nvidia-OpenAI partnership is defined by a set of staggering numbers that lay out a clear and ambitious roadmap. The three...

Google’s £5B Investment a “Powerful Vote of Confidence” in Starmer’s UK

Described as a "powerful vote of confidence" in Prime Minister Keir Starmer’s UK, Google has unveiled a £5 billion ($6.80 billion) investment plan for...

The Art of the (Conditional) Deal: Trump’s Russia Sanctions Approach

President Donald Trump is applying his signature "Art of the Deal" philosophy to Russia sanctions, presenting a bold but highly conditional offer to his...

A Transatlantic Test: Trump’s Tariff Proposal Puts US-EU Unity on the Line

President Donald Trump's latest proposal for 100% tariffs on India and China represents a major test for transatlantic unity. By making the plan conditional...

Tesla’s Board Offers “Outspoken Vote of Confidence” in Musk with New Deal

In a direct and powerful counter to recent criticism, Tesla’s board of directors has offered an "outspoken vote of confidence" in Elon Musk through...

For Apple, a Much-Needed Reprieve: Services Revenue Stream Is Safe

For Apple, the Google antitrust ruling provides a much-needed financial reprieve, securing a massive revenue stream for its services division at a time when...

Levi’s UK Sees Profits Rise, But Warns of a ‘Consumer Shift’

A successful year for Levi's UK, with profits up 23%, is being overshadowed by a warning of a potential "consumer shift." The company fears...