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16 May 2024

The stock market boss reassures not to worry amidst firms departing from the UK.

(Ovichnews UK ) - Don't panic, says stock market boss as firms leave UK" is...

Latest trends on Business

Elon Musk Visits Beijing to Discuss Autonomous Driving for Tesla Cars in China
29 April 2024Elon Musk Visits Beijing to Discuss Autonomous Driving for Tesla Cars in China

(Ovichnews UK) - Elon Musk is currently in Beijing, with reports indicating his objective to explore enabling autonomous driving mode on Tesla cars in China.

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TikTok will not be sold, Chinese parent tells US
26 April 2024TikTok will not be sold, Chinese parent tells US

TikTok's Chinese parent company ByteDance says it has no intention of selling the business after the US passed a law to force it to sell the hugely popular video app or be banned in America.

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Why green steam is a hot issue for business
26 April 2024Why green steam is a hot issue for business

Colorado-based New Belgium Brewing can trace its roots to 1988 and a cycle trip through Belgium.

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Meta AI spending plans cause share price slump
25 April 2024Meta AI spending plans cause share price slump

Shares in Meta - the owner of Facebook, WhatsApp and Instagram - fell sharply after it announced higher than expected spending on artificial intelligence (AI).

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US TikTok ban would be 'devastating', UK firms warn
25 April 2024US TikTok ban would be 'devastating', UK firms warn

A TikTok ban in the US could have a "potentially devastating" impact on some UK businesses, online traders are warning.

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Spotify turns up volume to make record profits
24 April 2024Spotify turns up volume to make record profits

Music streaming giant Spotify has announced record profits of over €1bn (£860m) after a year of cutting costs and laying off staff.

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TikTok faces US ban as bill set to be signed by Biden
24 April 2024TikTok faces US ban as bill set to be signed by Biden

The US Senate has approved a controversial landmark bill that could see TikTok banned in America.

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UK borrowing casts doubt on pre-election tax cut prospects
23 April 2024UK borrowing casts doubt on pre-election tax cut prospects

Higher than expected government borrowing has reduced the scope for pre-election tax cuts, analysts say.

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TikTok warns US ban would 'trample free speech'
22 April 2024TikTok warns US ban would 'trample free speech'

TikTok says a potential ban on its app in the US would "trample the free speech" of 170 million Americans.

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Tesla cuts prices in major markets as sales fall

Tesla cuts prices in major markets as sales fall

22 April 2024

Tesla has cut its prices again in a number of major markets - including the US, China and Germany - as the electric car giant run by multi-billionaire Elon Musk faces falling sales....

Netflix: Profits soar after password sharing crackdown

Netflix: Profits soar after password sharing crackdown

19 April 2024

Netflix says its profits have soared in the first three months of this year, partly thanks to a crackdown on password sharing....

Tesla pushes for $56bn pay deal for Elon Musk

Tesla pushes for $56bn pay deal for Elon Musk

18 April 2024

Tesla is again seeking to award boss Elon Musk the biggest pay deal in corporate American history, worth $56bn (£44.9bn)....

UK inflation falls as meat and crumpet prices drop

UK inflation falls as meat and crumpet prices drop

17 April 2024

Price falls for some food items like meat, crumpets and chocolate biscuits helped drive inflation down to its lowest level in two-and-a-half years....

China economy grows faster than expected in first quarter

China economy grows faster than expected in first quarter

16 April 2024

China's economy made a stronger-than-expected start to the year, even as the crisis in its property sector deepened....

Oil prices lower after Iran attack on Israel

Oil prices lower after Iran attack on Israel

15 April 2024

Oil prices fell on Monday after after Iran's reprisal attack on Israel over the weekend....

Elon Musk to visit India for meeting with PM Modi

Elon Musk to visit India for meeting with PM Modi

11 April 2024

Elon Musk has announced on his social media platform X, formerly Twitter, that he will visit India to meet Prime Minister Narendra Modi without giving a date....

Fake UK stamps blamed on Chinese-made counterfeits

Fake UK stamps blamed on Chinese-made counterfeits

11 April 2024

Fake stamps circulating in the UK are originating from China, a senior MP has told the BBC....

Boeing hit after new whistleblower raises safety concerns

Boeing hit after new whistleblower raises safety concerns

10 April 2024

Boeing is facing new pressure after a whistleblower reported safety concerns over the manufacturing of some of its planes to US regulators. ...

HSBC agrees to sell off its Argentina business

HSBC agrees to sell off its Argentina business

10 April 2024

Banking giant HSBC is selling off its business in Argentina at a $1bn (£790m) loss after years of battling with the country's unstable exchange rate. ...

Nigeria Binance dispute: Cryptocurrency official denies money laundering

Nigeria Binance dispute: Cryptocurrency official denies money laundering

9 April 2024

An executive from cryptocurrency firm Binance has pleaded not guilty to money laundering charges in a Nigerian court. ...

Tesla to settle over fatal Autopilot crash

Tesla to settle over fatal Autopilot crash

9 April 2024

Electric car giant Tesla has agreed to settle a lawsuit over a crash in 2018 which killed Apple engineer Walter Huang after his Model X, operating on Autopilot, collided with a highway barrier. ...

Boom times for US green energy as federal cash flows in

Boom times for US green energy as federal cash flows in

9 April 2024

In February US company LanzaJet, which produces sustainable aviation fuel (SAF) from ethanol, announced that it intended to build a second, larger plant on US soil....

Panama Papers money-laundering trial begins

Panama Papers money-laundering trial begins

9 April 2024

The trial of 27 people charged in connection with the Panama Papers money laundering scandal has started in a Panamanian criminal court. ...

Boeing plane engine cover falls off prompting investigation

Boeing plane engine cover falls off prompting investigation

8 April 2024

Airline regulators in the US have begun an investigation after an engine cowling on a Boeing 737-800 fell off during take-off and struck a wing flap....

Brazil Supreme Court judge opens inquiry into Musk

Brazil Supreme Court judge opens inquiry into Musk

8 April 2024

A Brazilian Supreme Court judge has opened an inquiry into Elon Musk after the multi-billionaire said he would reactivate accounts on the social media platform X, formerly Twitter, that the judge had ordered to be blocked. ...

Hard rock band Kiss sells brand and songs for $300m

Hard rock band Kiss sells brand and songs for $300m

5 April 2024

The hard rock band Kiss has sold its back catalogue of songs to a Swedish music investor for a figure thought to be upwards of $300m (£237m)....

Joe Lewis: How one of Britain's richest people broke insider trading laws

Joe Lewis: How one of Britain's richest people broke insider trading laws

5 April 2024

Billionaire Joe Lewis, whose family trust owns Tottenham Hotspur football club, was fined $5m (£4m) Thursday, but will avoid prison after pleading guilty to insider trading....

Boeing pays Alaska Air $160m after mid-air blowout

Boeing pays Alaska Air $160m after mid-air blowout

5 April 2024

Boeing has paid $160m (£126m) to Alaska Air to make up for losses the airline has suffered following a dramatic mid-air blowout in January....

McDonald's to buy back Israeli restaurants after boycotts

McDonald's to buy back Israeli restaurants after boycotts

5 April 2024

Fast food giant McDonald's is to buy back all its Israeli restaurants following a boycott of the brand in response to the Israel-Hamas war....

Samsung: Tech giant sees profits jump by more than 900%

Samsung: Tech giant sees profits jump by more than 900%

5 April 2024

Samsung Electronics says it expects its profits for the first three months of 2024 to jump by more than 10-fold compared to a year earlier....

Food price fears as Brexit import charges revealed

Food price fears as Brexit import charges revealed

4 April 2024

The government has revealed how much companies will have to pay to import foods from the EU due to Brexit....

Google looks to AI paywall option, claims report

Google looks to AI paywall option, claims report

4 April 2024

Google, the search engine used by more than a billion people around the world, is reported to be considering charging for premium content generated by artificial intelligence (AI). ...

Disney defeats critics after bruising battle

Disney defeats critics after bruising battle

4 April 2024

Disney has won a boardroom battle against critics who had accused the media giant of botching its streaming strategy and losing its creative spark....

WhatsApp, Instagram and Facebook apps hit by outage

WhatsApp, Instagram and Facebook apps hit by outage

4 April 2024

WhatsApp, Facebook and Instagram all went down briefly on Wednesday during a major outage at parent company Meta. ...

Amazon: Tech giant cuts hundreds of jobs in cloud computing unit

Amazon: Tech giant cuts hundreds of jobs in cloud computing unit

4 April 2024

Technology giant Amazon has announced job cuts affecting hundreds of staff at its cloud computing business....

Taylor Swift among 141 new billionaires in ‘amazing year for rich people’

Taylor Swift among 141 new billionaires in ‘amazing year for rich people’

3 April 2024

There are more billionaires than ever before. The world has 2,781 people with fortunes exceeding $1bn (£800m), an increase of 141 on 2023, according to Forbes’ annual ranking of the world’s richest people – with Taylor Swift among those making the list....

One in three UK water workers verbally abused amid sewage fury, GMB finds

One in three UK water workers verbally abused amid sewage fury, GMB finds

3 April 2024

Water industry workers say they have been physically assaulted and feel unsafe working alone for fear of attack amid a public backlash over sewage dumping....

Network Rail to spend £2.8bn to cope with effects of climate crisis

Network Rail to spend £2.8bn to cope with effects of climate crisis

3 April 2024

Network Rail is to spend nearly £3bn to protect the railway from the effects of the climate crisis and extreme weather, as it warned that the country’s network was having to contend with hotter summers and increased winter floods....

Virgin Atlantic loses £139m but expects 2024 profit

Virgin Atlantic loses £139m but expects 2024 profit

3 April 2024

Virgin Atlantic has said that expects to make a profit this year, after narrowing its losses during 2023 in the long aftermath of the coronavirus pandemic....

AI innovator Sir Demis Hassabis: Video games can boost creativity in young

AI innovator Sir Demis Hassabis: Video games can boost creativity in young

1 April 2024

Parents tearing their hair out over children spending hours gaming should instead be encouraging their creative use of tech, a recently-knighted AI millionaire has told the BBC....

Xiaomi: Electric car buyers told they face six-month wait

Xiaomi: Electric car buyers told they face six-month wait

1 April 2024

Just days after Chinese smartphone maker Xiaomi launched its first electric vehicle (EV), buyers have been told they may have to wait up to six months for their car to be delivered. ...

Baltimore bridge collapse calls attention to the growing Latino labor force and the risks they face

Baltimore bridge collapse calls attention to the growing Latino labor force and the risks they face

29 March 2024

Most of the workers killed or presumed dead following the Baltimore bridge collapse are originally from Honduras, Guatemala, El Salvador and Mexico — illustrating the dangers Hispanic workers face as they continue to be overrepresented in the construction industry....

Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

29 March 2024

Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race....