Latest News
- Charles Michel urges EU leaders to challenge Viktor Orbán’s veto use
- Breaking news: Trump assassination attempt at White House Dinner
- Trump to Attend First White House Correspondents’ Dinner as President
- Why did Trump Cancels US Envoys’ Pakistan Trip
- Explosion in Colombia’s Cauca province kills at least seven, injures 20
- Charles Michel warns against abandoning EU unanimity in decision-making
- UK government advises against all travel to Mali amid coordination of attacks
- British bases in Cyprus limit response to drone attack, say officials
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.
Volvo gives up plan to sell only EVs by 2030 Volvo has scrapped its goal…
Today’s business news – in the UK and beyond amid concerns about the world’s largest economy and the fall in the Asian, US and UK markets.
UK shares dropped on Wednesday morning following falls in Asian and US markets as concerns grow about the US economy – which is the world’s largest.
Data showed US manufacturing activity remains subdued, with investors now focussed on US jobs figures due on Friday.
The pound’s recent strong rally has slowed, with traders looking for direction in a quiet week for UK economic data. Sterling is down 0.2% against the dollar, trading around $1.311, after losing over 1% in the past five days.
The dollar is near a two-week high ahead of key US data, including manufacturing PMI and Friday’s jobs report. These figures will influence whether the US Federal Reserve cuts rates by 25 or 50 basis points in September.
Premier League to rewrite rules after legal defeat The Premier League is urgently reviewing its…
Analysts at Panmure Liberum believe the UK will outperform other major economies in the coming months, thanks to stronger domestic demand.
Recent PMI data shows the UK saw growth in output and new orders in August, unlike the US and other major European economies.
© 2026 WTX News.