Business

"Billionaire warns US inequality pushes nation toward autocracy"

"Billionaire warns US inequality pushes nation toward autocracy"

A prominent billionaire investor has cautioned that increasing inequality is pushing the US toward authoritarian governance and criticized corporate leaders for remaining silent on policies under Donald Trump’s administration. Ray Dalio, founder of Bridgewater Associates, stated that disparities in wealth and a decline in trust are fueling increasingly extreme

Suntory CEO steps down amid probe into alleged illegal supplements

Suntory CEO steps down amid probe into alleged illegal supplements

Takeshi Niinami, a prominent Japanese business figure, has stepped down as CEO of the beverage company Suntory following a police search of his residence amid an inquiry into potentially unlawful supplements. His departure from the company behind the Jim Beam whisky brand has caused significant reactions in Japan’s corporate

Levi's warns UK sales may suffer due to anti-American sentiment fueled by Trump policies

Levi's warns UK sales may suffer due to anti-American sentiment fueled by Trump policies

Levi’s Warns of Shifting Consumer Sentiment Amid Trade Tensions Levi’s has cautioned that shifting attitudes toward American policies could influence British shoppers' preferences for its denim products. The company, which oversees the Levi’s and Dockers brands, noted in its UK financial accounts that sales had increased

Revolut hits $75bn valuation, employees eligible for payouts

Revolut hits $75bn valuation, employees eligible for payouts

Revolut staff members could receive significant payouts as the UK-based financial technology company initiates a share sale, raising its valuation by two-thirds to $75 billion (£55 billion). The transaction, which sets the price per share at $1,381.06, reinforces the company's status as one of

"Starmer denied armoured electric Range Rover due to bomb threat concerns"

"Starmer denied armoured electric Range Rover due to bomb threat concerns"

Prime Minister Keir Starmer faces a unique challenge in transitioning to an electric vehicle (EV) – Britain’s top car manufacturer has stated that EVs cannot provide sufficient protection against explosions. JLR, the company behind Jaguar and Land Rover, confirmed that Starmer’s armored Range Rover Sentinels would need to remain

"US tariffs curb factory output as UK house prices decline – business updates"

"US tariffs curb factory output as UK house prices decline – business updates"

Factory Activity Declines Amid Trade Tensions Manufacturing output across the Asia-Pacific region contracted last month as trade measures impacted demand. Surveys of purchasing managers released today indicate a decline in production during August. In Japan, export orders fell at the steepest rate since March 2024, according to data provider

"Norway inks £10bn UK deal for anti-submarine warships"

"Norway inks £10bn UK deal for anti-submarine warships"

Norway Signs £10bn Deal for UK-Built Anti-Submarine Warships Norway has finalized a £10bn agreement to acquire advanced anti-submarine warships constructed in the UK, as both nations prepare for joint operations in northern Europe amid rising Russian military activity. The Ministry of Defence (MoD) stated that the contract