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AstraZeneca pauses £200m Cambridge investment
Posted onMitchell LabiakBusiness reporter and Simon JackBusiness editor Getty Images AstraZeneca has paused plans to invest £200m at a Cambridge research site in a fresh blow to the UK pharmaceutical industry. The project, which was set to create 1,000 jobs, was announced in March 2024 by the previous government alongside another project in Liverpool, which was…
UK set for a booming mortgage market, say analysts
Posted onKevin PeacheyCost of living correspondent Getty Images Competition among lenders suggests that mortgage rates could be cut in the coming weeks, according to brokers and analysts. In a newly-published report, financial information service Moneyfacts said “expectations are high for a booming market in 2026”. Its data shows the choice of mortgage products has risen to…
Branding and logo for Great British Railways unveiled
Posted onMichael Sheils McNameeBusiness reporter Department for Transport The government has unveiled its branding for Great British Railways (GBR), marking a step forward in plans to nationalise the railways. In the past year, the government has taken three rail franchises back into public control, something Labour promised in its manifesto. The new livery and branding uses…
Busiest US airports face flight reductions because of government shutdown
Posted onWatch: “There will be frustration” – Transport secretary outlines reduction in air traffic US Transportation Secretary Sean Duffy has warned that air travel capacity will be cut by up to 10% at 40 major airports over the coming days, if the government shutdown continues. The decision, which is expected to affect domestic flights only, was…
Record temperatures drives up home air conditioning sales
Posted onAir conditioning companies have reported business is booming, with one saying inquiries for its home units is up by 300%. Shoppers rushed to pick up portable air conditioning units, external as a red extreme heat warning was put in place for millions of people and temperatures rose to 36.7C, the hottest recorded for June. A…
Watch: Trumps $1.4bn crypto earnings revealed
Posted onUS President Donald Trump made more than $1.4bn (£750m) last year from business dealings in cryptocurrency, according to his mandatory financial report for 2025. In a 927-page disclosure, he reported millions in royalties from an entity called Celebration Coins, thought to be behind the $TRUMP meme coin which has plunged in value since he launched…
