The Iran war is causing a global energy crisis – can China withstand it?

Japanese brewer Sapporo says it will move some beer production from Canada to the US after new tariffs on Canadian beer took effect on Tuesday. The move follows the introduction of a 50% tariff on beer imported from Canada. For companies shipping beer across the border, that means significantly higher costs. Chief strategy officer Rieko…

Average income for islanders is 12% lower in real terms than five years previously, a survey says. More than 2,000 people responded to the 2023/24 Household Expenditure Survey to find the average cost of living in Guernsey. It said while gross income – before taxes and other costs are factored in – of £77,619 per…

Charlotte EdwardsBusiness reporter, BBC News Getty Images Pizza Hut is to close 68 restaurants and 11 delivery sites in the UK with the loss of 1,210 jobs, after the firm running them fell into administration. DC London Pie Limited, which operates Pizza Hut’s UK restaurants, appointed FTI Consulting as administrators on Monday. However, Pizza Hut’s…

The maker of Wegovy and Ozempic, Novo Nordisk, has announced it will cut 9,000 jobs weeks after warning that profits will fall as more “knock-off” weight-loss drugs emerge. The redundancies make up 11% of the Danish company’s workforce and mark the first major step by new chief executive Mike Doustdar as Novo Nordisk faces mounting…