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Latest Business stories

Oil tanker moving through the Strait of Hormuz amid rising market tensions
Oil Prices Jump as Iran Weighs Hormuz Vessel Ban

Oil prices climbed sharply on Thursday after reports that an Iranian parliamentary committee is reviewing a proposal that could restrict US and Israeli vessels from the Strait of Hormuz. The move added fresh supply-risk…

EasyJet aircraft on the tarmac at an airport
EasyJet accepts Apollo bid in £5.7bn takeover move

EasyJet has agreed to a £5.7bn takeover offer from US private equity group Apollo Global Management, marking a major development in the airline’s ownership story. The announcement came after rival bidder Castlelake said…

Raleigh-branded bicycle displayed in a retail setting
Raleigh owner enters insolvency after sale search fails

The future of the Raleigh bicycle brand has been thrown into uncertainty after its owner, the Netherlands-based Accell Group, began insolvency proceedings following a failed search for a buyer. The development means the…

Nintendo game console and controller shown in a business news illustration
Nintendo profit jumps after US tariff refund

Nintendo has reported a sharp rise in quarterly profit after a long-awaited refund linked to Donald Trump tariffs lifted earnings, according to The Guardian Business. The Japanese video game maker said profit climbed…

Persimmon-branded new homes development in the UK housing market
Persimmon raises outlook on stronger UK housing demand

Persimmon has upgraded its full-year outlook as the UK housebuilder says it is positioned to benefit from renewed political focus on new homes, even as it faces higher costs linked to the Iran war, according to The…

Business executive reviewing documents in a modern office
Why CEOs Are Hiring Chiefs of Staff More Often

Chief of staff roles are becoming more common in executive suites as companies look for trusted support in an increasingly complicated business environment. The New York Times Business reports that the position is in…

People standing and drinking inside a busy London pub in Soho
Westminster council backs ban on standing at Soho pubs

Westminster Council has sparked debate in London’s hospitality sector after recommending limits on what is often called vertical drinking in Soho and the West End. The proposal appears in the council’s new draft…

Cargo containers and shipping cranes at a US port reflecting the impact of tariff policy
US refunds $100bn in Trump tariff repayments

The Trump administration has refunded about $100bn collected from its so-called liberation day tariffs, according to reports cited by The Guardian and the Financial Times. The repayments amount to roughly 60% of the…

Disney theme park entrance with guests walking near the park gates
Disney Parks Lift Results as Universal Theme Parks Slip

Disney’s theme park business showed strength in the latest quarter, while Comcast’s Universal parks moved in the opposite direction, underscoring how closely the sector is watched as a gauge of consumer spending…

Washington Spirit players in a match during the NWSL season
Washington Spirit ride stability to NWSL success

The Washington Spirit have become one of the clearest examples of stability in a season that has otherwise included change across the National Women’s Soccer League, according to The Guardian Football. As the 14th…

Illustration of a doctor reviewing Medicare billing records in a clinical office
Nevada Doctor Accused in $95 Million Medicare Fraud Case

The Justice Department has charged a Nevada wound care doctor in what it says was a $95 million skin substitute fraud scheme involving older patients on Medicare. According to the department, Dr. Stephen Dubin is…

Oil storage tanks and refinery infrastructure representing rising energy-company earnings
Exxon and Chevron Profits Surge During Iran War

ExxonMobil and Chevron reported combined second-quarter profits of $26.5 billion as conflict-driven oil prices lifted producer earnings and increased costs for motorists.