UK food inflation is forecast to hit 9% this year as the Iran war drives up energy and supply chain costs. The Food and Drink Federation tripled its previous estimate of 3.2%, warning that manufacturers can no longer absorb surging transport and packaging expenses.
UK banks including Lloyds and NatWest must provide 90 days' notice and written explanations for account closures starting April 28. The rules aim to curb de-banking."
Iranian Foreign Minister Abbas Araghchi arrived in St. Petersburg on Monday, blaming excessive US demands for the collapse of peace negotiations in Pakistan. The visit to meet Vladimir Putin follows a diplomatic tour through Islamabad and Oman as Tehran seeks to break a naval blockade.While Donald Trump scrapped a planned weekend meeting with Iranian envoys, reports suggest Iran has proposed
Capital One has agreed to a $425 million settlement over claims it used deceptive practices to keep customers in low-interest 360 Savings accounts.
Despite a trade truce with Trump, China has expanded laws to punish foreign firms that exit its supply chains. New rules allow asset seizures and travel bans as Beijing builds leverage ahead of a May summit.
The Supreme Court hears arguments Monday on Bayer's bid to block 65,000 Roundup lawsuits. A ruling for Bayer would nix state-level failure-to-warn claims despite a pending $7.25B settlement.
Toyota's global sales fell 7.3% in March to 897,871 units. A 33% plunge in the Middle East and a RAV4 model changeover drove the decline, despite a 2.1% rise in production.
SNB Chairman Martin Schlegel defended the bank's $1.1 billion Palantir stake, citing a market-neutral strategy despite ethical protests over the data firm.
UK gov in talks for Mythos AI release to boost cyber defense, despite US warnings over security risks and potential misuse in the global financial sector.
SpaceX is pivoting to an AI-first model, with its AI unit consuming 61% of capex. Starlink profits currently fund the burn, but a $1.75T IPO may be needed to fuel its space-based data center ambitions.
Porsche will sell its Bugatti Rimac stakes to a HOF Capital-led consortium. The move aims to cut costs and refocus on its core brand after profits plunged 93%.
Meta will use Amazon's Graviton5 chips in a multi-billion dollar, multi-year deal. The move diversifies Meta's AI infrastructure as CPU demand and prices soar.
P&G warns surging oil prices will slash $1 billion from 2027 profits. Despite beating Q3 estimates, rising input costs are squeezing margins across global brands.
India slammed Trump for sharing a post calling it a hellhole. Officials called the remark inappropriate and uninformed, harming US-India relations.
Nike is cutting 1,400 jobs (2% of staff) to streamline tech and ops. Facing a sales slump and rivals like Hoka, CEO Elliott Hill is pivoting back to core sports.
A class action lawsuit accuses JetBlue of using surveillance pricing to hike fares based on personal data. The suit follows a social media gaffe where the airline advised a passenger to clear cookies to avoid price jumps.
Tesla lifted its 2026 spending to over $25B, betting heavily on robotaxis and robotics. Investors remain wary, as the pivot lacks the high-margin cash flow of Big Tech peers.
Electrolux is launching a SEK 9B rights issue to fix its balance sheet after a dismal Q1. The appliance maker posted an operating loss of SEK 0.9B in North America and announced a new production partnership with China's Midea to stem the bleeding.
President Trump threatened big tariffs on the UK unless it scraps its 2% digital services tax on US tech giants. The move escalates trade tensions already strained by the UK's refusal to join Middle East military operations.
Intel's stock jumped 19% after forecasting strong Q2 revenue. Success is driven by AI-focused CPUs and a major manufacturing deal with Elon Musk's Tesla.
American Express topped Q1 estimates with $4.28 EPS, fueled by a three-year high in spending growth. Despite Middle East conflict noise, luxury retail spend surged 18%.
After ditching a $72B Warner Bros bid, Netflix authorized a $25B share repurchase. The pivot follows a $2.8B breakup fee and a shift toward AI and gaming.
The UK's smoke-free generation bill has cleared parliament and awaits royal assent. It will effectively ban tobacco sales forever to anyone born after 2008.
Heineken reported higher-than-expected revenue and volumes for the first quarter, yet warned that rising energy costs and inflation linked to the Iran war could dampen future demand.