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Economy

Criminal investigation into Federal Reserve chair Jerome Powell has been initiated by the US justice department

Criminal investigation into Federal Reserve chair Jerome Powell has been initiated by the US justice department

On Sunday, Federal Reserve Chairman Jerome Powell disclosed that federal prosecutors have initiated a criminal investigation targeting him. The Justice…
How China’s luxury durian market became a billion-dollar industry for high-end fruit producers

How China’s luxury durian market became a billion-dollar industry for high-end fruit producers

In the Malaysian town of Raub, durians dominate every aspect of daily life. Trucks carrying the prickly fruit wind through…
What caused the inventory crisis at luxury retailer Saks Fifth Avenue

What caused the inventory crisis at luxury retailer Saks Fifth Avenue

Shoppers visiting the Manhattan flagship of a prestigious luxury retailer recently encountered empty shelves and cancelled orders, revealing deeper financial…
What you should understand about artificial intelligence risks to protect your financial investments from potential collapse

What you should understand about artificial intelligence risks to protect your financial investments from potential collapse

As markets open 2025 with surging valuations, prominent figures including the Bank of England governor and Alphabet’s leadership have expressed…
Rio Tinto and Glencore resume discussions about their potential multibillion dollar merger agreement

Rio Tinto and Glencore resume discussions about their potential multibillion dollar merger agreement

Two major mining corporations, Rio Tinto and Glencore, have resumed negotiations regarding a potential merger that would establish the world’s…
Council tax increases prompt accusations that reform UK has abandoned its election commitments to voters

Council tax increases prompt accusations that reform UK has abandoned its election commitments to voters

Multiple councils governed by Reform UK have announced substantial increases to council tax, sparking accusations that the party has abandoned…
Labour’s plan to reverse pub business rates policy comes following sustained pressure from the sector

Labour’s plan to reverse pub business rates policy comes following sustained pressure from the sector

The government is reversing its stance on business rates changes affecting pubs following sustained pressure from the hospitality sector. Ministers…
Greggs’ sales are being impacted by the rising popularity of weight loss injections

Greggs’ sales are being impacted by the rising popularity of weight loss injections

Weight loss medications have become a significant factor affecting consumer purchasing habits across major retail sectors. Appetite-suppressing drugs are reshaping…
Kingsmill owner’s planned Hovis takeover faces investigation from UK competition watchdog authorities

Kingsmill owner’s planned Hovis takeover faces investigation from UK competition watchdog authorities

The UK competition regulator has intensified scrutiny of a £75 million acquisition in which Associated British Foods plans to acquire…
Labour’s worker rights concessions could save businesses billions according to new assessment

Labour’s worker rights concessions could save businesses billions according to new assessment

Government impact assessment reveals reduced business costs from Labour’s workers’ rights reforms. An initial analysis projected expenses of £5bn annually…
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