Category: News

Formula 1 is expected to cancel the Bahrain and Saudi Arabian Grands Prix due to escalating conflict in the Middle East, reducing the 2026 calendar to 22 races.

UK GDP showed zero growth in January as households cut spending on restaurants and hospitality, highlighting a fragile economy ahead of potential inflation shocks from the Middle East conflict.

Shipping giant Maersk has suspended operations at Oman’s Port of Salalah after a drone strike on oil storage facilities, highlighting growing disruption to global trade routes amid the escalating Iran conflict.

A former Royal Bank of Scotland manager has pleaded guilty to bribery after admitting he took more than £600,000 from struggling business customers while working in the bank’s controversial Global Restructuring Group.

UK GDP showed zero growth in January, raising fears that rising oil prices and the Iran conflict could slow growth further and push inflation higher in 2026.

British perfumier Jo Malone is being sued by Estée Lauder Companies for using her own name in a fragrance collaboration with high street retailer Zara, in a legal dispute that highlights the complexities of brand ownership when a founder sells the rights to their name.

Retailers warn Labour’s Employment Rights Act could reduce flexible and entry-level jobs, risking higher youth unemployment as Gen Z workers rely heavily on part-time roles.

John Lewis staff will receive a 2% bonus for the first time in four years after the retailer reported rising sales and profits despite ongoing economic pressures.

Trafigura will build a green hydrogen production facility in Milford Haven, Wales, producing 2,000 tonnes a year with government backing as part of the UK’s low-carbon energy strategy.

The Bank of England plans to replace historical figures like Winston Churchill and Jane Austen with UK wildlife on future banknotes following a public consultation favouring nature-themed designs.

Oil prices surged back above $90 after a ship attack in the Strait of Hormuz, as the Iran conflict disrupts shipping routes and raises fears over global energy supply and inflation.

Revolut has launched its UK bank after receiving PRA approval, enabling FSCS-protected accounts and paving the way for lending products for its 13 million UK customers.

China’s exports jumped more than 20% in the first two months of 2026 despite US tariffs, driven by strong global demand for electronics and manufactured goods.