Business News
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Google avoids break-up but must share data with rivals
by BBC News on September 2, 2025
A case over the US tech giant's dominance in search allows it to hang on to its Chrome web browser.
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Don't pay a fake parking fine – four ways to protect yourself from scams
by BBC News on September 2, 2025
Four simple tips to make sure you don't fall victim to fake texts or payment demands from BBC expert Nick Stapleton.
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Thames Water bidders ready to clear-out top managers
by BBC News on September 2, 2025
Sources close to the deal accept that the government needs to be seen to be tough with the company.
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Mark Knoller, 73, White House Reporter and Font of Presidential Facts, Dies
by Michael S. Rosenwald (NYT > Business) on September 2, 2025
As a longtime correspondent for CBS News Radio, he kept meticulous records of presidential activities, from vacation days to teleprompter use.
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After Name Mix-Up, Online Rage Is Directed at Wrong C.E.O. in U.S. Open Hat Scandal
by Isabella Kwai and Anatol Magdziarz (NYT > Business) on September 2, 2025
The chief executive of the Polish company Drogbruk was captured on video snatching a hat in front of a child. The head of Drog-Bruk, a different firm, is getting attacked. The executives also have similar surnames.
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Cook’s Lawyers Fire Back at Trump’s Claim of Vast Powers to Oust Fed Officials
by Colby Smith (NYT > Business) on September 2, 2025
Lisa Cook is seeking a swift ruling on her ability to remain on the Federal Reserve’s Board of Governors as the case is litigated.
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It Was Supposed to Connect Segregated Neighborhoods. Did It Gentrify Them Instead?
by Jane Margolies and Audra Melton (NYT > Business) on September 2, 2025
The Atlanta Beltline turned a mostly derelict 22-mile loop around the city into a wildly popular — and profitable — urban park. It also contributed to displacing longtime residents.
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Trump Signals Imminent Supreme Court Appeal to Protect Tariffs
by Tony Romm and Ana Swanson (NYT > Business) on September 2, 2025
The president said he would seek expedited review of a federal appeals court’s ruling that found many of his administration’s tariffs to be illegal.
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A Hidden Camera Protest Turned the Tables on China’s Surveillance State
by Li Yuan (NYT > Business) on September 2, 2025
Before fleeing China, an activist in Chongqing staged an elaborate one-man demonstration against the Communist Party that doubled as performance art.
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Sophie Cunningham Avenged Caitlin Clark. Now Sponsors (and the Right) Love Her.
by Tania Ganguli (NYT > Business) on September 2, 2025
The W.N.B.A.’s Sophie Cunningham is riding her viral moment to endorsements and brand deals. But she doesn’t want to talk politics.
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Jaguar Land Rover production severely hit by cyber-attack
by BBC News on September 2, 2025
Staff were sent home and the company shut down its IT systems in an effort to minimise the damage done.
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Trump and sons' stake in crypto firm worth $5bn
by BBC News on September 2, 2025
World Liberty Financial, launched by the Trumps during the presidential campaign, begins trading.
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Kraft Heinz to Split Into Two Businesses
by Lauren Hirsch and Julie Creswell (NYT > Business) on September 2, 2025
Food companies are coming under pressure for growth as the maker of Velveeta breaks up and an activist investor takes a stake in PepsiCo.
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UK borrowing costs hit 27-year high adding to pressure on Reeves
by BBC News on September 2, 2025
The interest rate on UK 30-year bonds hits the highest since 1998 as concerns over the economic outlook continue.
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How Fining Elon Musk’s X Could Threaten the U.S.-E.U. Trade Deal
by David Meyer (NYT > Business) on September 2, 2025
The European Union is expected to penalize the company, which has been accused of breaching the Digital Services Act, a law President Trump has criticized.
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Why is UK inflation still rising?
by BBC News on September 2, 2025
UK Inflation has fallen from record highs but remains above the Bank of England's 2% target.
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Stephen Muss, Developer Who Helped Revive Miami Beach, Dies at 97
by Sam Roberts (NYT > Business) on September 2, 2025
The scion of a New York family of builders, he rescued the Fontainebleau hotel from bankruptcy, spurring a real estate boom.
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Gold price hits record high as investors seek safety
by BBC News on September 2, 2025
Experts say uncertainty resulting from US policy is making investors seek safer investments such as gold.
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Scotland scraps peak rail fares - will the rest of the UK follow?
by BBC News on September 2, 2025
Working patterns have changed since Covid so could peak train pricing be phased out altogether?
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Scotland scraps peak rail fares - will the rest of the UK follow?
by BBC News on September 2, 2025
Working patterns have changed since Covid so could peak train pricing be phased out altogether?
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Why China Is Trying to Tame Its Electric Car Frenzy
by Keith Bradsher (NYT > Business) on September 2, 2025
Beijing has run out of patience with companies slashing prices, and is urging restraint. But fierce competition is also producing a surge of innovation.
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Suntory Boss Resigns After Buying Supplement That May Be Illegal in Japan
by River Akira Davis (NYT > Business) on September 2, 2025
Takeshi Niinami has stepped down from his post following a police investigation, underscoring Japan’s zero-tolerance drug policies.
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Vogue Names Chloe Malle as Its New Editor
by Jessica Testa (NYT > Business) on September 2, 2025
Ms. Malle, 39, succeeds Anna Wintour, a titan in fashion. “There has to be a noticeable shift that makes this mine,” Ms. Malle said in an interview.
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Faisal Islam: What's causing the UK's long-term borrowing costs to rise?
by BBC News on September 2, 2025
The cost of government borrowing has risen again - what does it mean for the public finances and upcoming Budget?
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Sainsbury's to trial facial recognition to catch shoplifters
by BBC News on September 2, 2025
Sainsbury's says the technology is part of efforts to identify shoplifters to curb retail crime.
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UK long-term borrowing costs hit 27-year high, and pound falls, in pre-budget blow for Labour – business live
by Graeme Wearden (Business | The Guardian) on September 2, 2025
UK 30-year bond yields rise to highest since 1998 amid ‘worldwide bond market rout’The jump in UK bond yields today shows that Keir Starmer’s reshuffle of his Number 10 team has not reassured investors, says Mohit Kumar, chief economist at investment bank Jefferies International.That reshuffle tooks to be Starmer’s attempt to take control of economic policy from the Treasury, with Darren Jones put in charge of day-to-day delivery and Minouche Shafik, the former Bank of England deputy governor, appointed the prime minister’s chief economic adviser.Fiscal concerns are being felt in the UK as well with 30Y Gilts yields close to the highest level since 1998. The recent economic reshuffle in the government did little to ease investor concerns and is seen as undermining Chacellor Reeves.Tax rises are inevitable, but we are reaching a stage where further tax rises could become counterproductive. So far the government has shied away from difficult decisions on spending cuts which would be required to bring the fiscal picture back in order. We remain negative on the UK long end and continue to favour steepeners along the curve. Continue reading...
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Vogue names Chloe Malle as new editor of American edition
by Morwenna Ferrier (Business | The Guardian) on September 2, 2025
Vogue staffer Malle succeeds Anna Wintour with the title ‘head of editorial content’ The biggest job in fashion has finally been filled.Following news that Anna Wintour was stepping back as editor of American Vogue in July, Condé Nast have appointed 39-year-old journalist and Vogue staffer Chloe Malle as head of editorial content at the American fashion magazine. Her role is effective immediately. Continue reading...
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Jaguar Land Rover manufacturing and retail ‘severely disrupted’ by cyber incident
by Lauren Almeida (Business | The Guardian) on September 2, 2025
Carmaker says it has shut down its systems but there is no evidence customer data has been stolenJaguar Land Rover’s manufacturing and retailing activities have been “severely disrupted” by a cyber incident, forcing it to shut down its systems.Britain’s largest carmaker said there was no evidence that any customer data had been stolen. Continue reading...
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Kraft Heinz to split a decade after merger in bid to revive growth
by Julia Kollewe (Business | The Guardian) on September 2, 2025
Chicago-based food group says it will split into two publicly traded companies through tax-free spin-offBusiness live – latest updatesKraft Heinz, the US company behind kitchen staples such as Philadelphia cheese and Heinz tomato ketchup, has announced plans to split into two independent businesses a decade after it was created in a mega merger.The Chicago-based packaged food group said it would separate into two publicly traded companies through a tax-free spin-off to try to reduce complexity and improve financial performance after years of falling sales. Continue reading...
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Sainsbury’s tests facial recognition technology in effort to tackle shoplifting
by Sarah Butler and agency (Business | The Guardian) on September 2, 2025
Retailer starts eight-week trial at stores in London and Bath before potentially expanding nationwideBusiness live – latest updatesSainsbury’s has begun testing the use of controversial facial recognition technology in its UK shops as part of efforts to tackle shoplifters.The UK’s second largest supermarket chain told staff in two stores – a supermarket in Sydenham, south-east London, and convenience store in Oldfield Park in Bath– that it was starting an eight-week trial before potentially rolling out the technology nationwide. Continue reading...
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Trump’s Fight with the Fed Carries a Heavy Cost, Experts Say
by Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, David Meyer, Ian Mount and Lauren Hirsch (NYT > Business) on September 2, 2025
The president’s attacks on the central bank’s independence could undermine investor confidence in the institution at a crucial time.
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Whisky maker Suntory’s CEO resigns amid investigation into suspected illegal supplements
by Justin McCurry in Osaka (Business | The Guardian) on September 2, 2025
Takeshi Niinami bought supplements in the belief that they were legal, says Jim Beam and Laphroaig ownerBusiness live – latest updatesTakeshi Niinami, one of Japan’s best-known business leaders, has resigned as chief executive of the drinks company Suntory after police raided his home as part of an investigation into suspected illegal supplements.His resignation from the owner of the Jim Beam whisky brand has sent shockwaves through Japan’s corporate world, with Suntory executives attempting to reassure investors and consumers at a hastily arranged news conference. Continue reading...
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‘It was a present to myself’: Southport house for sale with ball pit off bedroom
by Mark Brown North of England correspondent (Business | The Guardian) on September 2, 2025
Seller of seven-bedroom house says she was inspired by Cara Delevingne to create space that is ‘so relaxing’It was the model Cara Delevingne who said you can never be sad in a ball pit – so why wouldn’t you install one in a room you don’t quite know what to do with?A large Victorian house for sale in Southport has gone viral not because it is, as estate agents say, a “hidden gem” and an “oasis of calm” with viewing “absolutely essential” but because just off the master bedroom is a vestibule that is “presently adorned by numerous plastic balls to create a ball pool all of your very own”. Continue reading...
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Net-zero 'not a platitude' for oil and gas sector - regulator
by BBC News on September 2, 2025
The North Sea Transition Authority said the energy transition was "well underway" and has been "for decades".
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Why Trump’s undermining of US statistics is so dangerous | Daniel Malinsky
by Daniel Malinsky (Business | The Guardian) on September 2, 2025
From the firing of the labor statistics chief to plans for a new census, the president’s moves serve to entrench authoritarianismIn 1937, Joseph Stalin commissioned a sweeping census of the Soviet Union. The data reflected some uncomfortable facts – in particular, the dampening of population growth in areas devastated by the 1933 famine – and so Stalin’s government suppressed the release of the survey results. Several high-level government statistical workers responsible for the census were subsequently imprisoned and apparently executed. Though the Soviet authorities would proudly trumpet national statistics that glorified the USSR’s achievements, any numbers that did not fit the preferred narrative were buried.A few weeks ago, following the release of “disappointing” jobs data from the Bureau of Labor Statistics (BLS), Donald Trump fired the commissioner of labor statistics, Dr Erika McEntarfer, and claimed the numbers were “rigged”. He also announced his intention to commission an unprecedented off-schedule census of the US population (these happen every 10 years and the next one should be in 2030) with an emphasis that this census “will not count illegal immigrants”. The real goal is presumably to deliver a set of population estimates that could be used to reapportion congressional seats and districts ahead of the 2026 mid-term elections and ensure conditions favorable to Republican control of Congress – though it is not clear there is sufficient time or support from Congress to make this happen. The administration is also reportedly “updating” the National Climate Assessments and various important sources of data on topics related to climate and public health have disappeared. In addition to all this, Trump’s justice department launched an investigation into the crime statistics of the DC Metropolitan Police, alleging that the widely reported decline in 2024 DC violent crime rates – the lowest total number of recorded violent crimes city-wide in 30 years – are a distortion, fueled by falsified or manipulated statistics. One might say that the charge of “fake data” is just a close cousin of the “fake news” and all of this is par for the course for an administration that insists an alternate reality is the truth. But this pattern may also beget a specifically troubling (and quintessentially Soviet) state of affairs: the public belief that all “political” data are fake, that one generally cannot trust statistics. We must resist this paradigm shift, because it mainly serves to entrench authoritarianism.Daniel Malinsky is an assistant professor of biostatistics in the Mailman School of Public Health at Columbia University Continue reading...
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Rising inequality is turning US into an autocratic state, billionaire warns
by Phillip Inman (Business | The Guardian) on September 2, 2025
Ray Dalio says business leaders scared to criticise Donald Trump as he warns of debt-induced crisis for the economyBusiness live – latest updatesOne of the world’s most prominent hedge fund billionaires has warned that rising inequality is turning the US into an autocratic state and condemned business leaders for failing to speak out against Donald Trump’s policies.Ray Dalio, the founder of Bridgewater Associates, said “gaps in wealth” and a collapse in trust were driving “more extreme” policies in the US. Continue reading...
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Gold price hits record high as investors seek safe haven
by Julia Kollewe (Business | The Guardian) on September 2, 2025
Bullion has nearly doubled in value since 2023 amid global uncertainty and alarm over Donald Trump’s policiesBusiness live – latest updatesThe price of gold has hit a fresh record high, as investors seek out safe-haven assets to protect against inflationary and geopolitical risks.Gold rose above $3,500 (£2,614) an ounce in Asia, surpassing its April peak. It has nearly doubled in value since early 2023. The rally comes as the US dollar has weakened and some central banks add to their gold holdings, ditching US government bonds, known as US treasuries. Continue reading...