اقتصاد

Major British manufacturer collapses into administration as all staff made redundant

An Edinburgh-based face mask manufacturer has fallen into administration, with all staff made redundant.The firm's board concluded that continuing to trade was no longer viable after efforts to find a strategic partner proved unsuccessful.Mask Logic, which specialised in bespoke respiratory protection using 3D scanning technology, ceased trading shortly before David McGinness and Judith Howson of AAB Business & Tax Advisory were appointed joint administrators.Mask Logic was established in 2021 d...

Oil prices spike AGAIN as Donald Trump threatens to 'hit Iran hard'

Oil prices have jumped by around seven per cent as the US-Iran war continues to rage on after President Donald Trump pledged to hit back at Iran amid ongoing tensions in the Middle East.The Islamic Republic's threats to shipping via the Bab el-Mandeb pushed WTI above $84 (£63.19) and brent closed to around $90 (£67.71).This comes hours before the US Federal Reserve's Federal Open Mark Committee (FOMC) announces any changes to the country's interest rates, with the likely rise in energy bills exp...

Chinese company Apple has been lobbying for called 'ticking time bomb' in America

Apple reportedly lobbies US officials to approve Chinese memory chips from CXMT. US lawmakers express national security concerns about the chipmaker's rapid expansion. The Pentagon recently added CXMT to its list of Chinese military companies. Congressional leaders seek briefings on Beijing's potential involvement with the company. These events highlight ongoing US scrutiny of China's semiconductor industry.

India faces 100% Trump tariff threat as US Senate advances Russia Sanctions Bill - what it means

Is India going to face 100% tariffs for its continued imports of Russian crude oil? A latest move by the US Senate has sparked buzz on countries like China and India, which import Russian crude oil in huge quantities, possibly being subject to 100% tariffs.

Is AI facing a big financial reckoning?

Is AI facing a big financial reckoning?Image source, AFP via Getty ImagesBySimon JackBusiness editorPublished1 minute agoSharp falls in the value of chip makers have stoked investor concerns that the euphoria around AI related companies is fading.Shares in Korean chip makers SK Hynix and Samsung are down 46% and 35% respectively over the last month as investors worry the recent boom in demand for the chips that power AI is unsustainable.The South Korean stock market is notoriously volatile, but...

ITR filing deadline nears: How to file income tax return online - quick 15-step guide

The process to file the income tax return has evolved over the last few years and the income tax portal now pre-fills a lot of your tax related information drawing from information in documents such as Form 16, Form 26AS, Annual Information Statement (AIS), bank records etc.

GST boost: Maharashtra emerges as India’s top state tax contributor

Maharashtra now leads states in tax revenue after the Goods and Services Tax implementation. This growth is supported by high domestic consumption and a large services sector. State tax collections have strengthened significantly since the GST reform began. Tax buoyancy for twenty-six states improved substantially after the GST introduction. Technology adoption and a wider taxpayer base also boosted revenue collections.

BMW to cut ‘as many as 8,000 jobs’ under pressure from Chinese rivals

Layoffs will come in admin and development divisions in Germany, with production operations unaffectedBMW is planning to cut as many as 8,000 jobs in Germany, according to reports, in the latest sign of Europe’s largest carmakers reducing costs under pressure from Chinese rivals.The Munich-headquartered company has started a voluntary redundancy programme agreed with employee representatives, a BMW spokesperson said on Wednesday. Continue reading...

RCB become first IPL franchise to cross $300 million in brand value

Royal Challengers Bengaluru holds the IPL's top brand value at over $300 million. This valuation reflects strong performance and fan engagement, according to a recent study. The franchise's recent acquisition by a consortium highlights its significant market appeal. The Indian Premier League's overall business value also reached $20.6 billion. Mumbai Indians and Chennai Super Kings follow RCB in brand value rankings.

JPMorgan CEO recalls his Citigroup firing: Shares meeting with mentor Sandy Weill

JPMorgan Chase CEO Jamie Dimon discussed two major life events. His 1998 Citigroup dismissal reshaped his career path significantly. His youngest daughter asked if the family would now have to “sleep on the streets”. A near-fatal heart emergency in 2020 brought him peace. Dimon invested heavily in Bank One after leaving Citigroup. This bold move led to his leadership at JPMorgan Chase.

Ftse 100 skyrockets to ALL-TIME HIGH before retreating amid AI stock sell-off

The Ftse 100 skyrocketed to an all-time high when trading began this morning, before retreating slightly amid an artificial intelligence (AI) stock sell-off.London's benchmark stock market index surged to an unprecedented 10,951 points, gaining as much as 0.7 per cent before retreating to trade flat later in the session.The milestone surpassed the Footsie's prior record of 10,934, which was set at the end of February, marking a full recovery from the sharp downturn triggered by the Iran conflict...

Carling waters down alcohol content of its famous lager to 3.4% as it looks to cut costs

Carling waters down alcohol content of its famous lager to 3.4% as it looks to cut costsREAD MORE: British booze is getting weaker, researchers find Get your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE See more Daily Mail on Google - save us as a Preferred SourceBy AIDAN RADNEDGE, SENIOR NEWS REPORTER Published: 12:21, 29 July 2026 | Updated: 12:23, 29 July 2026 e-mail View comments

‘Made in India’ phones go global: Smartphone exports jump 165 times to Rs 2.59 lakh crore

India's electronics manufacturing sector has seen substantial growth over the past decade. Mobile phone exports have increased significantly, reaching approximately Rs 2.59 lakh crore by 2025-26. Domestic mobile phone production has also risen around 33 times during the same period. The broader electronics manufacturing base has expanded nearly seven times, with exports growing elevenfold. The government's Semicon India Programme supports semiconductor fabrication, packaging, and chip design cap...

Nobel economist challenges Elon Musk to donate his $1 trillion fortune by 2036

Nobel laureate Daron Acemoglu challenged Elon Musk to donate his fortune by 2036. Musk responded positively, suggesting he may consider a major philanthropic move. His past giving has focused on science, education, and technology initiatives. Donating such a vast sum presents practical challenges regarding asset transfer and oversight. This potential commitment marks a notable shift in his philanthropic approach.

Matcha and protein pivot pays off for Greggs as profits rise

Matcha and protein pivot pays off for Greggs as profits riseImage source, iStock Editorial / Getty ImagesImage caption, Greggs profits rose after it launched a range of new productsByEmer MoreauBusiness reporterPublished1 minute agoGreggs's pivot towards healthier products and trending drinks has helped it boost sales, with the bakery chain reporting a 20% rise in profit over the first half of the year.Greggs, the UK's largest fast-food chain, has launched a range of new products this year, many...

Greggs plots 100 new stores this year as sausage roll seller defies heatwaves to deliver profit boost in first half

Greggs plots 100 new stores this year as sausage roll seller defies heatwaves to deliver profit boost in first halfSee more This is Money on Google - save us as a Preferred SourceBy JANE DENTON, MONEY REPORTER Updated: 10:54, 29 July 2026 e-mail 49 View comments

Ofgem pledges crackdown on 'unviable' large data centres to free up electricity grid

Ofgem pledges crackdown on 'unviable' large data centres to free up electricity gridSee more This is Money on Google - save us as a Preferred SourceBy JANE DENTON, MONEY REPORTER Updated: 10:37, 29 July 2026 e-mail 7 View comments

الانتقالات المذهلة في البريميرليغ: ثورة اقتصادية في عالم كرة القدم!

The next American boom could be here — unless Washington regulates it to death

Anthropic CEO Dario Amodei predicts a white-collar "bloodbath." Senator Bernie Sanders warns AI could wipe out 100 million American jobs. Elon Musk says work may become optional.The message is everywhere: machines are coming for your paycheck.That panic is understandable. But wrong. Yes, AI will disrupt and eventually replace some tasks, just as electricity, the farm tractor, and the internet caused the displacement of mundane and, in some cases, miserable jobs like working in hot, sweaty factor...

Fed interest rate vote poses a test for Warsh as Iran war, tariff push send prices higher

EconomyFed chair Kevin Warsh faces a key test as inflation compounds the affordability crisisThe Federal Open Market Committee is expected to keep interest rates steady. But a longer Iran war and fresh tariffs threaten to drive prices even higher.Listen to this article with a free profile00:0000:00Current interest rates have already pushed the cost of borrowing money beyond the reach of many consumers and smaller businesses.Brendan Smialowski / AFP via Getty ImagesShareAdd NBC News to GoogleJuly...