Asian Markets Plunge as Iran Conflict Widens and Oil Prices Surge
Asian shares extended losses on Wednesday amid a global sell-off, with oil prices climbing higher due to escalating conflict with Iran, raising inflation and economic growth concerns.
Category : Business
Apple Warns Chip Shortage Hits iPhone Sales as New CEO Prepares to Take Over
Apple reports strong sales growth but warns iPhone sales are hurt by chip shortage. Outgoing CEO Tim Cook flags supply issues as John Ternus prepares to take over in September.
AI Bubble Fears Rattle Wall Street After Nvidia-Fuelled Rally Fades
Wall Street tumbles as AI bubble fears resurface, despite Nvidia
Burt Meyer, Toy Inventor Behind Lite-Brite and Rock 'Em Sock 'Em Robots, Dies at 99
Burt Meyer, the visionary toy inventor who created Lite-Brite and Rock
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On's Robot Revolution: Swiss Brand Targets Nike & Adidas with £300 'Fibre-Spray' Shoes
Swiss sportswear challenger On is deploying revolutionary
Kurt Strauss: Engineer Who Fled Nazi Germany and Shaped UK Electricity
Kurt Strauss, a senior engineer at the Electricity Council, fled Nazi Germany as a child and contributed to UK energy infrastructure for over two decades.
GE Appliances Awards $150M in US Supplier Contracts in Kentucky Shift
GE Appliances shifts production from China to Kentucky, awarding over $150 million in new US supplier contracts and creating 800 jobs. Discover the impact on American manufacturing.
EU Unveils 'Buy EU' Industrial Plan to Counter China's Dominance
The European Commission has proposed the Industrial Accelerator Act, a
BMW Z4 Roadster Axed: Production Ends in 2026 After Decades as an Icon
BMW confirms the end of the road for its iconic Z4 roadster in 2026. Discover the history of the Z series and why sports cars are vanishing. Read the full story.
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Airbus Slashes 2025 Delivery Target Due to A320 Fuselage Issue
Airbus has reduced its 2025 aircraft delivery forecast, citing a new quality issue with A320 fuselages. The move impacts airlines and supply chains. Read the full analysis.
Foreign Office Warns Brits of 'Risky' Swiss Winter Holidays
The Foreign Office warns UK travellers to Switzerland about risky winter sports and inadequate insurance, which could lead to hospitalisation or £3,000+ rescue bills.
Health Insurance Claims Hit Record £4bn in 2024, ABI Reports
The Association of British Insurers reveals a record £4 billion in private medical insurance claims were processed in 2024, with workplace schemes driving a 16% surge in payouts.
Motor Finance Redress Scheme Delays Compensation Payouts for Millions
The Financial Conduct Authority plans to give lenders up to five months to prepare for a motor finance redress scheme, delaying compensation for millions of mis-sold car loans.
Millions to Receive Motor Finance Compensation in 2026 Under New FCA Scheme
The FCA plans final rules this month for a redress scheme that could see millions compensated for mis-sold car loans, with lenders given up to five months to pay out.
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Millions of UK Drivers to Receive Motor Finance Compensation Payouts This Year
The Financial Conduct Authority is finalising rules for a redress scheme that could see millions of Britons compensated for mis-sold car loans, with payouts potentially reaching £11 billion.
Martin Lewis Urges Drivers to Reject Auto-Renewal for Car Insurance Savings
Money Saving Expert Martin Lewis alerts drivers to avoid auto-renewing car insurance this month, as average costs have dropped 11% year-on-year. A follower saved over £300 using MSE
Insurance Industry Must Build Trust and Diversity, ABI Chief Tells MPs
ABI director general Hannah Gurga told the Treasury Committee that insurers need to improve transparency and diversity to gain public trust, while banking leaders discussed financial inclusion strategies.
FCA Finalises £11bn Motor Finance Redress Scheme for Mis-Sold Car Loans
Millions of Britons mis-sold car loans may receive compensation this year as the FCA prepares to finalise rules for an £11bn redress scheme, with lenders facing significant costs.
Norfolk Couple Cancel Wedding to Fund £20,000 Cancer Treatment for Beloved Dog
A Norfolk couple have postponed their wedding to fund life-saving treatment for their Labrador, Gus, facing vet bills exceeding £20,000. Their story highlights the soaring cost of pet care in the UK.
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Candle Fires Cost UK Homes Over £25,000 on Average, Warns Aviva
Aviva warns festive candle fires average over £25,000 in damage. Discover essential safety tips to protect your home this Christmas and avoid costly insurance claims.
ACA Subsidy Expiry Sparks Healthcare Crisis for Millions of Americans
The expiration of Affordable Care Act subsidies has caused premiums to double for many Americans, leaving millions facing unaffordable healthcare costs and coverage uncertainty as political deadlock continues.
16,000 UK Drivers Urged to Find New Car Insurance After Firm Collapses
Premier Insurance Company Limited has gone bust, leaving thousands of UK policyholders without cover from December 1. Find out how the FSCS is protecting you and how to secure new insurance.
UK Inflation Set for December Pause as Christmas Travel Fuels Price Rises
Economists forecast a temporary halt in falling UK inflation for December, driven by holiday travel costs and tobacco duty hikes. Discover the latest CPI predictions and the long-term outlook.
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IRS Chief Announces Major Reorganisation Ahead of 2026 Tax Filing Season
The head of the Internal Revenue Service has unveiled significant personnel and operational changes just days before the 2026 tax filing season begins, including appointing whistleblower Gary Shapley to a key role.
Strategies for Navigating a Potential Interest Rate Rise in the UK
Experts discuss effective strategies for individuals and businesses to prepare for and mitigate the impact of a potential interest rate rise in the UK economy.
Venmo Outage: 92 Million Users Hit by Payment Problems
Venmo users across the US faced major disruptions sending and receiving money on Wednesday evening. The payment app, with 92 million active users, confirmed it is working on a fix. Read the latest updates.
Retirement Planning Shocks: Early Exit and Long-Term Care Costs
Morningstar research reveals how unanticipated early retirement and long-term care expenses threaten retirement portfolios, impacting withdrawal rates and financial security.
Premium Bonds Changes Hit State Pensioners with 'Effectively Reduced' Returns
NS&I has lowered Premium Bonds prize rates and odds, prompting state pensioners to reconsider savings as tax advantages diminish for lower-income retirees.
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NS&I Relaunches Green Savings Bonds with Enhanced Interest Rate
NS&I has reintroduced its Green Savings Bonds, offering a fixed rate of 3.82% AER over three years to fund UK green projects, including nuclear energy.
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