Economy
Latest articles and news in Economy
EconomyUK Culture Secretary Intervenes in Sky's £1.6bn ITV Takeover
By Fatma Younis UK Culture Secretary Lisa Nandy has formally intervened in Sky’s £1.6 billion deal to acquire ...
EconomyAustralia's Inflation Worse Than Peers but Misery Index Shows Mixed Picture
By Islam El-Sakka Australia's inflation rate remains higher than in other advanced economies, but a stronger l...
EconomyUK Competition Watchdog Scraps 23 Outdated Business Restrictions
By Basant El-Faramawy The UK’s Competition and Markets Authority (CMA) has decided to scrap 23 outdated restri...
EconomyBurnham urges Poundland owners to save stores and jobs
By Salma El-Sakka UK Prime Minister Andy Burnham has urged Poundland’s US-based owners, Gordon Brothers, to wo...
EconomyWetherspoon Plans 25 New Pubs, Confirms Six Locations
By Salma El-Sakka JD Wetherspoon plans to open up to 25 new bars over the next year as the pub chain reported ...
EconomyMcDonald's Reports Sales Drop Amid US Cost-of-Living Crisis
By Karim Hammam McDonald's has reported a decline in sales as the cost-of-living crisis continues to squeeze A...
EconomyBangladesh Garment Factories Shut Amid Wage Protests, Police Clashes
By Islam El-Sakka Police clashed with garment workers demanding higher wages in Bangladesh on Wednesday, shutt...
EconomyUK Culture Secretary intervenes in Sky's £1.6bn ITV takeover
By Karim Hammam UK Culture Secretary Lisa Nandy has intervened in Sky's planned £1.6 billion acquisition of IT...
EconomyBurnham urges Poundland owners to work with government to save stores
By Basant El-Faramawy Andy Burnham has called on Poundland's executives to engage with the government to secur...
EconomyUK-EU Trade Deal Worth Billions Seen as Step Toward Rejoining Bloc
By Islam El-Sakka A new trade agreement with the European Union projected to add 0.4 percent to UK GDP will be...
EconomyMcDonald's U.S. Sales Dip Amid Economic Pressure
By Salma El-Sakka McDonald's reported a 0.2% decline in U.S. same-store sales for the July-September quarter, ...
EconomyWater poverty pledge 'evaporates' as bills soar 34%
By Basant El-Faramawy Commitment to end water poverty by 2030 appears to have “evaporated” as soaring bills ou...
EconomyBMW Issues Profit Warning, Plans 8,000 Job Cuts Amid China Competition
By Fatma Younis BMW has issued its second profit warning in a year, lowering its profit margin forecast to bet...
EconomyM&S CEO calls Labour Budget 'biggest tax grab in history' as profits double
By Ahmed Abdelsalam Marks & Spencer chief executive Stuart Machin has accused the Labour government of deliver...
EconomyAl Jazeera Examines Russia's Competitive Position in Africa Against US, China, EU
By Islam El-Sakka Al Jazeera's Business and Economy segment is exploring whether Russia can effectively compet...
EconomyUK Services PMI Hits Eight-Month High, Hiring Resumes
By Sohaib Shams The UK’s dominant services sector expanded at its fastest pace in eight months during October,...
EconomyBangladesh Garment Worker Killed Filming Wage Protest Violence
By Fatma Younis A 21-year-old garment factory worker died on Tuesday after being severely beaten while recordi...
EconomyWater poverty pledge evaporates as bills soar 34%
By Ahmed Abdelsalam A watchdog has warned that a commitment by water companies in England to end water poverty...
EconomyTrainline sets aside £3.7m for CMA drip-pricing probe
By Salma El-Sakka Ticketing platform Trainline has reported a 17% drop in half-year pre-tax profits to £55.2 m...
EconomyUS Dollar Slides After Democrats' Midterm Win as Growth Fears Rise
By Karim Hammam The US dollar fell sharply on Wednesday after Democrats secured control of both the Senate and...
EconomyCalifornia Considers 5% Billionaire Tax as First in US
By Basant El-Faramawy California is considering a 5% tax on billionaires that would make it the first U.S. sta...
EconomyTrainline sets aside £3.7m for CMA drip-pricing probe
By Karim Hammam Trainline has set aside £3.7 million to cover potential costs arising from a Competition and M...
EconomyWetherspoon Plans 25 New Pubs After Sales Surge
By Ahmed Abdelsalam JD Wetherspoon plans to open up to 25 new pubs over the coming year after reporting an 8.2...
EconomyKellogg's Cereals No Longer Gluten-Free After El Niño Hits Rice Supply
By Basant El-Faramawy Kellogg's has announced that its Rice Krispies and Coco Pops cereals are no longer glute...
EconomyCanva Announces 1,271 Job Cuts in Major Restructuring
By Sohaib Shams Australian design platform Canva has announced a restructuring that will affect 22% of its wor...
EconomyMarks & Spencer Profits Bounce Back to £355m Post Cyber-Attack
By Basant El-Faramawy Marks & Spencer reported a sharp profit recovery in the six months to 26 September, with...
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EconomyEnergy emerges as telecom's next competitive advantage
By Basant El-Faramawy The rapid expansion of 5G, edge computing and AI-enabled services is driving a surge in ...
EconomyLinaker Integrates Technology and Workforce to Advance Facilities Management
By Fatma Younis The UK facilities management sector is undergoing rapid change driven by regulatory complexity...
EconomyKellogg's Removes Rice from Rice Krispies and Coco Pops
By Karim Hammam Kellogg’s has removed rice from its Rice Krispies and Coco Pops cereals, replacing the grain w...
EconomyWetherspoon Plans Up to 25 New Pubs as Sales Rise 8.2%
By Basant El-Faramawy Pub chain JD Wetherspoon plans to open up to 25 new managed and franchised bars over the...
EconomyM&S profits more than double as food growth offsets cyber attack costs
By Basant El-Faramawy Marks & Spencer reported that adjusted pre-tax profits more than doubled in the first ha...
EconomyUK-EU Deal Could Scrap Brexit Food Checks, Boost Economy by £5.1bn
By Karim Hammam The UK and EU are negotiating a new post-Brexit deal that could remove checks on imported and ...
EconomyNando's Reports Pre-Tax Loss Amid Rising Costs Despite Sales Growth
By Sohaib Shams Nando's has reported an £11.3 million pre-tax loss for the year to February, reversing a £38.2...
EconomyNory's AI Platform Boosts Restaurant Back-Office Efficiency
By Basant El-Faramawy Restaurant operators have long struggled with thin profit margins, often between 3 and 5...
EconomyNando's Reports Pre-Tax Loss Despite Strong Sales
By Sohaib Shams Nando's has reported an £11.3 million pre-tax loss for the year to February, reversing a £38.2...
EconomyCanva Cuts 22% of Workforce in Restructuring
By Salma El-Sakka Australian design platform Canva has announced that about 22 per cent of its workforce, or 1...
EconomyDavid Jones faces administration after landlord talks fail
By Fatma Younis David Jones, the 188-year-old Australian department store chain, is poised to enter administra...
EconomyVilla Vie Odyssey Leaves Cambodia After Passengers Forced Off
By Sohaib Shams The Villa Vie Odyssey cruise ship departed Sihanoukville early Wednesday with only about 50 cr...
EconomyAustralia High Court Rules Uber Owes $81M in Payroll Taxes
By Basant El-Faramawy Australia's High Court on Wednesday dismissed Uber's appeal, ruling the ride-hailing com...
EconomyPoundland Supplier Warns of Millions in Losses if Retailer Collapses
By Karim Hammam One of Poundland's largest suppliers has warned it will lose several million pounds if the ret...
EconomyCanva Cuts 1,271 Jobs in Major Restructure
By Fatma Younis Australian design platform Canva announced Wednesday it will cut or relocate 1,271 positions, ...
EconomySurvey: 57% of UK Households Won't Use £100 Energy Payment for Bills
By Sohaib Shams More than half of UK households eligible for a new £100 energy payment do not intend to spend ...
EconomyUK Housing Market Recovery Delayed Until 2028, Savills Forecasts
By Karim Hammam Britain's housing market recovery is expected to be delayed until the second half of 2028 as e...
EconomyUK housing market recovery delayed until 2028 amid Middle East conflict
By Sohaib Shams A new report from real estate firm Savills projects that UK house prices will rise by 15.8% ov...
Menopause Threatens Women's Pension Savings, Scottish Widows Report Finds
By Sohaib Shams Women experiencing menopause or perimenopause risk significant losses to their pension savings...
EconomyElection Day Gas Prices Hit Record High, Exit Polls Compare Trump Economy Views
By Salma El-Sakka Gas prices on Election Day reached the highest level in U.S. history. NBC News exit polls co...
EconomySectors brace for shift in Washington power after US midterms
By Ahmed Abdelsalam Corporate America is preparing for a potential shift in Washington’s balance of power as U...
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EconomyUS Median Savings by Age Group: Federal Reserve Survey Shows Wide Gaps
By Islam El-Sakka The latest Federal Reserve Survey of Consumer Finances reveals stark differences in median s...
EconomyGoogle Ties Search to AI, Schools Lose Access If They Block AI Tools
By Salma El-Sakka Google has acknowledged that its search engine can no longer function without artificial int...
EconomyAndy Burnham to Announce Billions in EU Trade Deals
By Sohaib Shams UK Prime Minister Andy Burnham is set to announce billions of pounds worth of trade agreements...