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 Chain Reaction: How a Thinktank Paper Caused a £6.4bn Market Crash

A powerful chain reaction was set off on Friday, starting with a thinktank paper and ending in a £6.4 billion market crash for the...

A Pragmatic Peace Plan: US Dangles Economic Prizes to Russia

The United States is advancing a pragmatic, if controversial, peace plan for Ukraine that involves dangling significant economic prizes in front of Russia. This...

Behind the Headlines: Unpacking the Carmaker Lobbying Documents

Newly obtained lobbying documents offer a rare glimpse into the corporate reasoning that led to a major shift in UK environmental policy. They show...

A High-Stakes Timeline: US Links Tariff Cut to “First Day of the Month”

The United States has embedded a high-stakes timeline directly into the text of its new trade agreement with the EU, linking its tariff reduction...

The Chrome Takeover: Perplexity’s $34.5 Billion Bid

In a stunning bid, AI startup Perplexity has offered to acquire Google's Chrome browser for $34.5 billion. The offer comes as Google faces the...

The Domino Effect: Will Ørsted’s Crash Topple the US Wind Industry

The historic crash of Danish wind giant Ørsted has sparked fears of a domino effect that could topple the entire US wind industry. The...

BoE Cuts Rates to 4%, But Shoppers Brace for Higher Grocery Bills

The Bank of England has made its fifth interest rate cut in a year, lowering borrowing costs to 4%. However, this move comes amid...

Tesla’s Board Backs Musk, Approves $29B Stock Award to Boost Control

Tesla’s board of directors has approved a new $29 billion stock award for CEO Elon Musk, a move that is intended to boost his...

Powell’s Shadow: UK Rate Cut Amidst Global Economic Tensions

In the shadow of global economic tensions, particularly those emanating from Donald Trump's trade policies, the Bank of England is widely expected to cut...

Trump’s Tariff Shock Hits Watches of Switzerland, Shares Down 6%

The financial world is abuzz with news of a major trade action that has directly impacted the shares of Watches of Switzerland Group Plc....

Trump and EU Strike Major Trade Deal, Averting Tariff War

The United States and the European Union have finalized a major trade agreement after months of tense negotiations, avoiding the threat of a damaging...

Chancellor Considers Overruling Supreme Court on Car Finance Payouts

The UK government is considering an unprecedented move to overrule the Supreme Court regarding a potential £44 billion car loan commission scandal. Chancellor Rachel...