Business & Finance

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Published dates (RSS): 14 Aug – 12 May

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Oil Climbs as US-Iran Deadlock Lifts Bond Yields: Markets Wrap

A renewed advance in oil prices sent bonds lower after the US and Iran failed to agree on terms to end their war, dashing hopes for a revival of the Strait of Hormuz while stoking inflation concerns.

Β· 1 MIN READ Β· Bloomberg Markets
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Mike Ashley admits he was behind video that brought down JD Sports chair

Sports Direct founder says people in his employ recorded footage of Peter Cowgill meeting another retail boss The Sports Direct founder, Mike Ashley, has admitted to arranging surveillance footage that brought down his rival Peter Cowgill, the former JD Sports chair. Cowgill was secretly filmed in 2021 in a car talking with the Footasylum boss Barry Bown. JD Sports was in the process of acquiring…

Β· 1 MIN READ Β· The Guardian Business (UK)
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Trump tariff refunds are happening – and businesses should pay attention

Business owners may have to wade through paperwork, but the US government is now actually processing refunds When the supreme court struck down Donald Trump’s tariffs , many small importers assumed any refunds would be tied up in bureaucracy for years. Surprisingly, that’s not what’s happening. It’s estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump…

Β· 1 MIN READ Β· The Guardian Business (UK)
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‘Degree of complacency’: are supply chains prepared for impact of ongoing Iran war?

The economic warnings are bleak, but full extent of shortages are still not felt for many European countries The biggest energy shock in modern history, jet fuel shortages “within weeks” , a global recession – since Iran throttled shipping flows through the strait of Hormuz at the end of February the economic warnings have become increasingly dire. Yet 10 weeks on from the first US-Israeli…

Β· 1 MIN READ Β· The Guardian Business (UK)
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Advisers urge JP Morgan investors to vote to split chair and CEO positions

SS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both roles Investors in JP Morgan have been urged to vote in favour of splitting the role of chief executive and chair at America’s largest bank, amid concerns over the power wielded by its billionaire boss Jamie Dimon. ISS and Glass Lewis, which issue advice to some of the world’s biggest fund…

Β· 1 MIN READ Β· The Guardian Business (UK)
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Saudi Aramco profits jump despite conflict in Middle East

Saudi Arabia’s state oil company’s profits up 26% to £26.9bn in first three months of year Business live – latest updates Saudi Arabia’s state oil company reported a 26% jump in profits in its first quarter as its east-west pipeline allowed it to ship millions of barrels of oil out of the Gulf despite conflict in the Middle East . Profits at Saudi Aramco hit $33.6bn (£26.9bn) in the first three…

Β· 1 MIN READ Β· The Guardian Business (US)
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From fringe issue to the heart of politics: the UK Living Wage campaign marks 25 years of success | Heather Stewart

The group’s latest triumph won over the Department for Business and Trade, now it is eyeing private care providers and supermarkets A paragon of the kind of people-powered progress that feels all the more necessary in divisive times, the Living Wage campaign is celebrating its 25th anniversary this year. Born out of Telco (The East London Citizens Organisation) , which ultimately became the…

Β· 1 MIN READ Β· The Guardian Business (UK)
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Cape Verde bets on tech to reverse postcolonial brain drain

African archipelago hopes startups, digital infrastructure and diaspora investment can transform its economy For much of its history since its discovery by the Portuguese in the mid-15th century, the Cape Verde archipelago off the coast of west Africa served as a hub of the international slave trade, with Africans forcibly transported to marketplaces before being distributed across the Americas…

Β· 1 MIN READ Β· The Guardian Business (UK)
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Donald Trump will arrive in Beijing this week knowing that Xi holds all the cards | Simon Tisdall

The US president will be counting on China to influence Iran and help him out of his latest mess. But the price may be high – including for Taiwan Like an out-of-control wrecking ball, swinging wildly back and forth, Donald Trump smashes up the international order without much thought for the consequences. Lacking coherent strategies, workable plans or consistent aims, he power-trips erratically…

Β· 2 MIN READ Β· The Guardian Business (UK)
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Defence sovereignty: Europe races to build the low-cost weapons of future

With Trump wavering on Nato and war in Ukraine, Europe is scrambling to spend billions on weapons such as drones In a small workshop in England’s East Midlands, engineers at the British startup Skycutter are designing weapons for Ukraine. A row of 3D printers make the fuselage for interceptor drones, while parts such as motors and navigation chips are slotted together by hand. The same process…

Β· 1 MIN READ Β· The Guardian Business (UK)
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