Latest News
- EU parliament warns of potential concentration risks in Mercosur trade deal
- Premier League — Monday’s 27th Apr fixtures
- The war that’s quietly hitting your wallet – Beneficiaries, the square mile – Editorial
- Buckingham Palace reviews security for King Charles ahead of US visit
- Kaja Kallas criticises Hungary’s veto impact on EU democratic principles
- UK cabinet minister warns of prolonged price rises following Iran conflict
- EU member states reject renewed proposal to suspend EU-Israeli trade pact
- Farage outraged by ‘alarming’ postman who ‘discarded’ Reform flyers | UK News
Business
Meta is laying off 8,000 workers, about 10 per cent of its workforce, to enhance efficiency and focus on artificial intelligence investments. Concurrently, Microsoft is offering voluntary buyouts to approximately 8,750 employees, marking a significant shift for the company amid industry-wide cost adjustments.
Oil prices surged above $106 per barrel amid escalating US-Iran tensions in the Strait of Hormuz, following reciprocal vessel seizures. The increase represents a nearly 5% rise since late Wednesday, reflecting concerns over shipping disruptions in a key global energy transit route.
US liquefied natural gas exporters are poised to gain as markets plummet amid the Iran war: Markets are plummeting as the conflict escalates – but not every industry is affected.
The bank said that approach was in line with guidance from the Royal Household and aimed at minimising the environmental and financial impact of the change.
The London business newspaper CITY AM leads on share plunges in Bytes Technology. Elsewhere the news that BT Tower has been bought and will be turned into a hotel makes the paper’s front page headlines.
The London business newspaper CITY AM reports on the reaction to the UK recession by Bank of England’s Andrew Bailey. The paper claims Bailey has stuck his head in the sand over the recession news, and reports on the reaction from MPs and economists.
The front page of the business newspaper Financial Times reports on Barclay’s pledge to return £10bn to shareholders over the next three years as part of an ambitious plan to boost revenues and rebalance the lender away from investment banking.
HSBC, Europe’s largest bank, saw a remarkable surge in its pre-tax profit, skyrocketing by nearly 80% to reach $30.3 billion (£24 billion) in 2023, driven by elevated interest rates.
Britain is showing signs of recovery from its mild recession and will receive a boost when interest rates start coming down later this year, the Bank of England governor, Andrew Bailey, has said.
© 2026 WTX News.