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Americans struggle as gas prices surge amid Iran war
One month into the Iran war, US petrol prices are beginning to hurt consumers at the pump. Iran has effectively closed off the Strait of Hormuz, one of the world’s busiest oil shipping channels, since the US and Israel attacked it on 28 February. And it means the average price of petrol at the pump…
Our biggest competition is screens at home, says theme park boss
Sean FarringtonBusiness presenter and Michael Sheils McNameeBusiness reporter Getty Images The head of global theme park giant Merlin Entertainments says its “biggest competition” is people choosing to stay at home on their phones and other devices. Fiona Eastwood says a day out at one of its UK attractions – which include Legoland, Thorpe Park and…
World Cup expected to be the biggest betting event in history
UK-based gambling reform campaigner Matt Zarb-Cousin punters betting on the World Cup will be “cross-promoted more addictive casino content”. And he pointed to a National Centre for Social Research report showing that, in the UK, 79% of gambling company winnings came from the top 10% of spenders, those who wagered at least £5,639 in a…
There is some room for movement on tax, says Burnham
Andy Burnham, who is widely expected to take over as prime minister later this month, has said there is “some room” for movement on tax. In an interview with LBC, Burnham suggested business rates on warehouses could be increased to fund tax cuts for pubs and some high-street businesses. But the newly elected Makerfield MP…
Bessent says Argentina peso bet was homerun deal
US Treasury Secretary Scott Bessent said his risky US gamble on Argentina’s currency has paid off. Bessent said American financial support had been repaid and the US no longer held any Argentine pesos in its exchange stabilisation fund. The US had purchased the then-plunging currency last year in an effort to stave off further turmoil…
