The Business category covers all aspects related to commerce, including management, entrepreneurship, economics, finance, and marketing. It provides valuable insights, strategies, and resources for individuals and organizations to navigate and excel in the corporate world. Whether you’re looking to start a new venture, optimize existing operations, or understand global economic trends, this category offers the knowledge and tools necessary for success.
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ECB holds interest rates at 2%
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank has left its benchmark interest rate unchanged at 2 per cent for the fourth meeting in a row but raised its growth forecast for the Eurozone. Thursday’s rate decision was in…
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Insurers told to make travel and home policies easier to understand
Getty Images Storm damage is one area often in dispute Insurers need to do more to improve how they handle claims and make it clearer to customers what their policies cover, the UK’s finance regulator has said. The Financial Conduct Authority (FCA) was responding to a “super-complaint” by consumer group Which? about the home and…
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BP names new boss as current CEO leaves after less than two years
Archie Mitchell and Josh MartinBusiness reporters Reuters Newly appointed BP chief executive Meg O’Neill currently runs Australian oil and gas firm Woodside Energy BP has appointed a new chief executive, making Meg O’Neill the first woman to run a major global oil firm. The London-based energy giant said its current boss Murray Auchincloss would step…
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Bank of England expected to cut interest rates
Kevin PeacheyCost of living correspondent Getty Images Policymakers at the Bank of England are expected to cut interest rates – bringing the Bank rate down to its lowest level since February 2023. Analysts are widely predicting a fall from 4% to 3.75%, although they do not expect a unanimous decision among the nine-member Monetary Policy…
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Should more be done to tackle ghost jobs?
Megan LawtonBusiness reporter AFP via Getty Images One UK study found that 34% of advertised vacancies didn’t really exist The phrase “ghost jobs” might sound like something from Halloween, but it refers to the practice of employers advertising vacancies that don’t exist. In some cases the positions may have already been filled, but in others…
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Learner drivers face 24-week wait as backlog continues for two more years
Pritti MistryBusiness reporter Getty Images The backlog of driving tests grew after the covid-19 lockdown Learner drivers face months of delays booking practical tests because a backlog will not be cleared until November 2027, a watchdog has warned. The National Audit Office (NAO) said there was a backlog of 1.1 million tests that were not…
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New £150m funding package to protect jobs at Grangemouth
David HendersonScotland news correspondent PA Media The UK government and Ineos are to invest a combined £150m in the plant The UK government is to invest £120m in a support package for the Grangemouth industrial complex. Owners Ineos will contribute £30m to the joint investment deal. The site, the UK’s last ethylene plant, employs about…
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Weight-loss injection ad banned for targeting new mums
Faarea MasudBusiness reporter MedExpress MedExpress’s social media advert was banned for targeting new mums An advert which targeted weight-loss injections at new mums has been banned by the Advertising Standards Authority (ASA). MedExpress’s social media post used a harmful gender stereotype which suggested women should prioritise losing weight soon after giving birth, the ASA said….
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Sunak rejects claims Covid loan scheme open to excessive fraud
The former chancellor Rishi Sunak has defended his pandemic-era Bounce Back Loan scheme against accusations that it was subject to excessive levels of fraud. He said he was aware of the risks, but given the need for speed, he would do the same again. Bounce back loans (BBLs) offered small businesses up to £50,000 with…
