اقتصاد

Historic British forestry firm collapses after 200 years with 32 jobs at risk and £8m debt

A historic Scottish forestry business with roots stretching back more than two centuries collapsed into administration owing creditors more than eight million pounds, newly released documents have revealed.Christies of Fochabers, based at Arradoul Farm near Buckie in Moray, entered administration last year after mounting cashflow pressures left the seventh‑generation family business unable to continue trading.Joint administrators Graham Smith and Michelle Elliot of FRP Advisory were appointed in...

National Lottery's biggest ever £1billion jackpot finally lands in the UK this month - here's exactly how it works

National Lottery's biggest ever £1billion jackpot finally lands in the UK this month - here's exactly how it worksGet 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: 13:43, 6 July 2026 | Updated: 13:47, 6 July 2026 e-mail View comments

'Mansion tax' could double rates on Scotland's most expensive homes

'Mansion tax' could double rates on Scotland's most expensive homesImage source, Getty ImagesImage caption, A large proportion of Scotland's £1m homes are in Edinburgh ByAngus CochraneSenior political journalist, BBC ScotlandPublished6 July 2026, 12:04 BSTUpdated 2 hours agoCouncil tax on Scotland's most expensive homes could almost double to £7,700 a year, the Scottish government has said. Under plans for a so-called mansion tax an estimated hike of £3,600 could apply to houses valued at more t...

BMW accident claim: Punjab consumer panel orders Bajaj Allianz to pay Rs 20 lakh

A car owner's Rs 20 lakh claim for a totaled BMW has been upheld by the Punjab State Consumer Disputes Redressal Commission. Bajaj Allianz General Insurance's appeal was dismissed, with the commission ruling their forensic report unreliable. The insurer had denied the claim, stating the damage didn't match the accident account, but the commission found the owner's version credible, citing evidence from the insurer's own investigator.

Media attacks Donald Trump's Fourth of July celebration claiming it 'sullied' America 250

Mainstream media and media pundits accused President Donald Trump of ruining America 250 and July 4 celebrations over the last week, even prior to nationwide celebrations.A direct example came on Friday when The New York Times opinion writer Robin Givhan wrote her op-ed titled "Trump Ruined the Fourth of July for Me.""But this year, I can barely tolerate the sight of red, white and blue," Givhan wrote. "When combined into a maximalist display of nationalist cheerleading, the colors make my heart...

Economy alert: ALL staff made redundant after major UK engineering firm falls into administration

A major UK engineering firm has made all of its members of staff redundant as part of its ongoing administration proceedings.Glacier Energy Manufacturing Limited, an Aberdeen-owned engineering firm, has entered into administration, with every one of its 53 employees losing their positions The company has been detrimentally impacted by the North Sea oil and gas sector experiencing a significant decline in activity.The manufacturing business, which formed part of the wider Glacier Group based in A...

Real estate reset: Inside Musk's 'own no house' pledge & where he lives now

Elon Musk's declaration of living without property for liberation has gained attention again. Following the sale of seven homes in California, netting over $100 million, Musk stated he resides in a modular dwelling close to SpaceX. Nevertheless, an investigation uncovered that affiliated companies purchased multiple luxurious homes in Texas, allegedly for the mothers of his kids and their families, which contradicts his commitment to 'own no house.'

Shoppers hit by hidden fees

Shoppers hit by hidden feesTo play this video you need to enable JavaScript in your browser.This video can not be playedShoppers hit by hidden feesCloseHidden fees at the checkout? The CMA is cracking down on unclear online pricing.BBC Money Box's Dan Whitworth explains how to spot extra charges before you buy, and whether you could be entitled to compensation if you've been affected.To watch this with subtitles go to BBC iPlayer and search for Morning Live from 06/07/2026PublishedJust nowSharec...

Crude comeback: IOCL, HPCL buy 7 million barrels of energy supplies

Indian refiners Indian Oil Corp and Hindustan Petroleum Corp have secured millions of crude barrels from Angola, Nigeria, and Brazil to bolster national reserves. This strategic procurement follows a significant drawdown in stockpiles due to Strait of Hormuz disruptions. Inventories have since rebounded, nearing a year-high, signaling a stabilization of India's energy security amidst global market fluctuations and OPEC+ output adjustments.

10 أسرار مذهلة وراء ثروات أغنى المليارديرات العرب: كيف جمعوا ملياراتهم؟

اكتشف كيف أصبح هؤلاء الأثرياء العرب بلايينيرات، وما الأسرار التي تقف وراء نجاحاتهم غير المتوقعة! تفاصيل مذهلة حول صفقات ضخمة وأفكار مبتكرة قد تغير طريقة تفكيرك عن المال.

Unveiling the Fortune: How Arab Billionaires Built Their Empires and Transformed Wealth in the Middle East

From oil tycoons to tech innovators, the richest Arab billionaires have amassed staggering fortunes. Discover the incredible stories, timelines, and surprising secrets behind their financial success!

China says trade with EU shaped by demand, complementary advantages

Products that meet the needs and are of good quality and low price will naturally be popular, and the trade structure between China and Europe is a natural outcome driven by market demand and based on complementary advantages, a Chinese Foreign Ministry spokesperson said on Monday.

أزمة الائتمان تهدد عرش الأندية الأوروبية: هل تنجح في تجاوز العاصفة؟

Ocado founder to step down as chief executive in 2028

Online grocer says Tim Steiner will remain as CEO until December 2027 before taking on ‘founder role’ for a further yearBusiness live – latest updatesOcado’s founder and chief executive, Tim Steiner, will stand down in 2028 after weeks of speculation over the online grocer’s leadership.Steiner, who co-founded Ocado in 2000 with two other former Goldman Sachs bankers, will continue to serve as chief executive until the start of the 2028 financial year, which begins in December 2027, by which poin...

ITR filing: Top 10 mistakes taxpayers should avoid - checklist

ITR filing FY 2025-26: Before filing, compare your income and TDS details with documents such as Annual Information Statement (AIS), Form 26AS, and Form 16/16A. Any mismatches in data can not only lead to income tax notices, but also delayed refunds. Here are 10 mistakes that salaried taxpayers should avoid when filing their income tax returns:

'History points to downside': Michael Burry warns on Micron after Trump-linked donations

Renowned investor Michael Burry has initiated a short position against Micron Technology, citing 'historically extreme' stock valuations driven by AI hype and investor FOMO, not fundamentals. Despite a recent $250 million donation to a children's savings scheme, Burry warns of significant downside due to the memory chipmaker's cyclical nature and poor profitability metrics. This move aligns with his broader bearish outlook on AI semiconductor stocks.

We're pensioners earning less than £1,000 in savings interest, are we over-taxed? STEVE WEBB replies

We're pensioners earning less than £1,000 in savings interest, are we over-taxed? STEVE WEBB repliesSee more This is Money on Google - save us as a Preferred SourceBy STEVE WEBB, PENSIONS EXPERT AND COLUMNIST, THIS IS MONEY Updated: 09:17, 6 July 2026 e-mail 130 View comments

EasyJet shares soar after £5.5billion takeover approach wins board backing

EasyJet shares have surged by 12 per cent in early trading after the budget airline announced it had reached an agreement in principle with US investment firm Castlelake over a potential £5.5billion takeover. The proposed deal values the Luton-based carrier at around £5.5billion, with Castlelake offering £6.90 a share, representing a significant premium to Friday's closing price of £5.58.EasyJet's board said it would be minded to recommend the offer to shareholders if Castlelake submits a formal...

Labour's £13 minimum wage to cause widespread job losses and higher inflation

Two of Britain's biggest business organisations have warned Labour's planned increases to the national living wage beyond £13 an hour could damage the jobs market and fuel inflation.They argue that employers are already struggling to absorb higher labour costs.The Confederation of British Industry (CBI) and the British Chambers of Commerce (BCC) said successive above-inflation increases have placed mounting pressure on businesses, with many already cutting jobs, delaying investment and raising p...

China-Namibia cooperation expands across space, infrastructure, energy

From the skies to highways, solar farms and oyster farms, China and Namibia have translated their comprehensive strategic cooperative partnership into a growing portfolio of tangible projects, delivering practical benefits while supporting Namibia's long-term development goals.Advancing satellite data capability