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Danielle KayeBusiness reporter Reuters U.S. Federal Reserve Chair Jerome Powell speaks as he holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S., December 10, 2025. The US Federal Reserve has lowered interest rates for the third time this year, even…
Toffee Crisp and Blue Riband bars can no longer be called chocolate after maker Nestle changed their recipes. To be described as milk chocolate in the UK a product needs to have at least 20% cocoa solids and 20% milk solids, a level each product fell below once a higher amount of cheaper vegetable fat…
Leon has announced it will close several of its restaurants and cut jobs as part of a major restructure of the High Street food chain. The company has appointed Quantuma as administrators after Leon’s original co-founder John Vincent reacquired the company last month from Asda. The move places the future of the worst performing of…
Danielle Kayeand Natalie Sherman Watch: Trump claims “prices are coming down” at a rally in Pennsylvania President Donald Trump has told a campaign-style rally that consumer prices are falling “tremendously”, as he seeks to allay voter anxiety about the cost of living in the US. In a speech at a casino in the battleground state…
The price of silver has hit a record high ahead of an expected US Federal Reserve interest rate cut and as demand from the technology industry for the precious metal remains high. Silver crossed $60 (£45.10) an ounce on the spot market, where the precious metal is bought and sold for immediate delivery, for the…
President Donald Trump’s ban on issuing new wind energy permits has been ruled “unlawful” by a US court. In January the president signed an executive order freezing federal approval of pending offshore and onshore wind permits, scrambling plans for many projects in the US that were already under way. Some 17 states and a New…
Starbucks workers and union members in England, Scotland and eight other countries are set to protest on Wednesday in support of striking US employees, the company’s US union told the BBC. Starbucks Workers United last month launched a strike, which the union said has expanded to 3,000 baristas in more than 100 US cities. Workers…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. United Arab Emirates state energy company Adnoc has emerged as the frontrunner to buy Russia’s controlling stake in Serbia’s sole oil refinery, as Belgrade grows increasingly frustrated with Moscow’s foot-dragging under US sanctions. Adnoc, or…
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Ben & Jerry’s will be destroyed as a brand if it remains with parent company Magnum, the company’s co-founder Ben Cohen has told the BBC. His remarks are the latest in a long-running spat between the ice cream brand and its parent company over its ability to express its social activism and the continued independence…
