Latest business news and market updates
The Bank of England maintained its benchmark interest rate at 3.75% for the sixth consecutive meeting. However, Governor Andrew Bailey warned that rates may need to increase if sustained high energy prices, stemming from the Middle East conflict, continue to fuel inflation.
UK inflation surged to 3.1% in August, the highest in five months, primarily due to soaring petrol and diesel prices. This rise, linked to Middle East conflict impacting oil supplies, moves inflation further from the Bank of England's target. Economists warn of further increases.
As fall foliage season approaches, a New England native shares four common mistakes tourists make, from underestimating mountain dangers to relying solely on GPS. Learn how to explore beyond crowded hotspots and prepare for a safer, more authentic experience.
The UK's North Sea oil and gas sector is pushing for the early termination of the windfall tax, proposing its replacement with a narrower levy by 2027. The industry trade body, OEUK, argues this change could unlock £50bn in investment and secure jobs, despite ongoing high energy prices and environmental concerns.
UK state pension is projected to increase by 3.9% next April, driven by wage growth figures. This rise could push the full New State Pension above £13,000 annually, offering a significant boost to pensioners. However, complexities around taxability and the distinction between old and new pensions remain.
Zoom is launching a new ad campaign featuring SNL stars like Kate McKinnon and Bowen Yang to shift its public perception from solely a video conferencing tool to a comprehensive AI-powered workplace platform. The campaign aims to highlight Zoom's expanded services in customer service, recruitment, and more, addressing a brand awareness problem where users only recall its pandemic-era video call function.
Ready-to-drink canned cocktail brand Cutwater is on track to become a $1 billion brand, defying the trend towards non-alcoholic beverages by offering high-ABV drinks. The brand's rapid growth is a significant contributor to parent company Anheuser-Busch InBev's revenue.
Universities are struggling to adapt curricula to the rapid rise of AI in the workforce, with many professors banning its use while students argue for integration. This creates a disconnect between academic expectations and future career realities.
A coalition of 56 online creators with 46 million followers is urging Home Depot and Lowe's to terminate contracts with Flock Safety, citing privacy concerns and potential misuse of data by law enforcement, particularly against immigrant communities.