Trump Tower Plans Scrapped in Australia Over Brand
Plans for a 91-storey Trump Tower on Australia's Gold Coast have been abandoned due to the brand's toxicity, sparking a developer dispute and local backlash.
Category : Business
Traders Bet Against UK as Short-Selling Surges
Short-selling on the pound surged 45% in a week as political turmoil hits UK assets, with bank shorting tripling amid leadership speculation.
Spire Healthcare Shares Surge After £1bn Bid
Spire Healthcare shares jumped 45% after its board backed a £1bn takeover bid from Toscafund at 250p per share, a 66% premium. The private equity firm has until June 11 to make a firm offer.
Reeves Warns Labour MPs on Bond Market Risks
Chancellor Rachel Reeves warns Labour MPs that leadership battles risk plunging the country into chaos and affecting bond markets, as UK growth beats expectations.
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Norovirus Cruise Ship Lockdown Lifted in Bordeaux
French authorities lifted a lockdown on the norovirus-hit Ambition cruise ship in Bordeaux, allowing asymptomatic passengers to disembark. One 92-year-old British man died from a heart attack.
Jet Fuel Shortages to Raise Air Fares This Summer
Willie Walsh warns that inevitable jet fuel shortages will significantly increase air fares this summer, impacting travelers globally.
Mönchengladbach Plans Biometric Stadium Entry
Borussia Mönchengladbach plans to use biometric access at Borussia-Park, replacing tickets with facial or palm scanning to reduce queues, following US venues.
Trump Mobile Updates Investors on Delayed Gold Phone
After investor backlash, Trump Mobile has updated preorder terms for its gold T1 Phone, now shipping this week. CEO Pat O'Brien says delays were 'worth it'.
Aviva Pension Growth Bright Spot Amid Flat Wealth Assets
Aviva's workplace pension division sees growth, offsetting flat performance in wealth assets. The firm reports steady contributions and new business wins.
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Why Local Hardware Stores Are the Best Places to Shop
Adrian Chiles praises small independent shops, especially hardware stores, for their expert service and vast inventory, contrasting them with big retailers that often disappoint.
The Slow Lane: Inside Guardian Weekly on Car Dominance
Explore how cars dominate cities, US transit gaps, and solutions. Plus: Labour turmoil, Netanyahu-Trump tensions, skincare trends, information crisis, and more.
Housing Market Weakens Amid Middle East Conflict
Estate agents report a subdued housing market in England and Wales due to fears of rising mortgage rates and inflation from the Middle East conflict, with buyer inquiries and sales falling.
Second US Soldier's Remains Found in Morocco
The US Army announced the recovery of Spc Mariyah Symone Collington, who died with 1st Lt Kendrick Lamont Key Jr. after falling off a cliff during an off-duty hike in Morocco.
Labor's Tax Reforms: Impact on Shares and Home Ownership
Labor's budget changes to capital gains tax affect shares too. We analyze how the reforms impact investors and young Australians seeking home ownership.
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2026 World Cup Heat Risk: Miami Matches Most Unsafe
Researchers warn of unsafe heat conditions at the 2026 World Cup, with Miami matches most affected. WBGT thresholds may be breached, impacting player performance and fan safety.
Coles Misled Shoppers with Fake Discounts, Court Rules
A federal court found Coles misled customers with its 'Down Down' promotion, using fake discounts that violated consumer law. The case exposes how the supermarket prioritized profits over shoppers.
UK Economy Surprises with 0.3% Growth in Iran War Month
The UK economy grew 0.3% in March despite the Iran war, beating expectations of a 0.2% contraction. Services led growth, but consumer spending on recreation fell.
Reeves: GDP Growth Shows Right Economic Plan
Chancellor Rachel Reeves says UK GDP growth of 0.3% in March and 0.6% in Q1 proves her economic strategy is working, warning against instability amid leadership challenges.
Future Bets on SheerLuxe and AI Amid Google Squeeze
Future's operating profit halved to £32.7m as digital ad and ecommerce markets weakened. The media group acquires SheerLuxe and invests in AI to counter Google traffic changes.
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National Grid Invests £70bn in Energy Networks
National Grid commits £70bn over five years for UK and US energy networks, focusing on net-zero transition, with £31bn for UK electricity transmission.
Watches of Switzerland Revenue Hits £1.8bn on US Demand
Watches of Switzerland reports record £1.8bn revenue, driven by 24% US growth to £1.2bn. UK revenue rose 5% despite low consumer confidence.
Revolut Gets UK Watchdog Nod to Expand Wealth Services
Revolut's trading arm secures regulatory approval to broaden wealth management offerings, targeting high net worth investors alongside retail clients in the UK.
ITV Bets on World Cup Boost as Sky Sale Talks Continue
ITV expects a 10% rise in Q2 ad revenue driven by the World Cup, as Sky talks progress. ITVX growth offsets TV decline, with total revenue up 1% in Q1.
Burberry Swings to Profit with £49m Pre-Tax Gain
Burberry returns to profit with £49m pre-tax gain, driven by cost-cutting and a pivot to timeless luxury under new CEO, despite missing analyst forecasts.
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UK Economy Surprises with Growth in March Amid Iran War
UK GDP grew 0.3% in March, beating expectations, despite the Iran war. First-quarter growth hit 0.6%, driven by services. Energy costs and trade disruption pose risks ahead.
London Heatwave: What Temperature Defines a Heatwave?
As London temperatures set to soar to 25C next week, we explain the UK heatwave threshold and whether these conditions qualify.
882 Homes Proposed Near Sudbury Hill Tube Station
Plans for 882 homes including 340 co-living units on a disused car park near Sudbury Hill Tube station face local opposition over scale and traffic concerns.
UK Markets Brace for Labour Civil War Over Leadership
UK stocks and bonds face turmoil as Labour leadership challenge looms. Wes Streeting expected to resign and bid to oust Starmer, while Middle East conflict pressures oil supply.
Quantexa CEO: £175m HMRC Deal to Protect Taxpayers
HMRC signs £175m, 10-year deal with London-based Quantexa to overhaul data infrastructure and recover billions lost to tax evasion and fraud.
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Could Wells Fargo Target Barclays in Mega-Deal?
Rumours of a Wells Fargo takeover of Barclays circulate, while TG Jones faces restructuring and LIV Golf seeks new funding beyond Saudi Arabia.
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