Business

"Lloyds CEO cautions Reeves over bank tax increases amid 17% profit surge"

"Lloyds CEO cautions Reeves over bank tax increases amid 17% profit surge"

The head of the UK’s biggest mortgage provider has cautioned Rachel Reeves that imposing higher taxes on banks in the upcoming budget could hinder Labour’s strategy for leveraging the financial sector to drive economic growth. Charlie Nunn, CEO of Lloyds Banking Group, stated that a tax increase on

Lloyds warns of UK economic downturn; Musk predicts tough times for Tesla – business updates

Lloyds warns of UK economic downturn; Musk predicts tough times for Tesla – business updates

### Manufacturing Output in Germany Expected to Decline in July Recent data suggests that Germany's manufacturing sector may experience a contraction in July, as indicated by an initial reading of the purchasing managers’ index (PMI). The preliminary PMI figure stood at 49.2, below the 50-point threshold that signals

"Ads featuring 'too thin' model get banned, says M&S"

"Ads featuring 'too thin' model get banned, says M&S"

An image used by the high street retailer Marks & Spencer has been prohibited for showing a model who appeared “unhealthily thin.” The Advertising Standards Authority (ASA) stated that the model’s pose, clothing selection, and a downward camera angle contributed to the impression that she was excessively slender. The

"EU readies €100bn contingency for potential 30% US tariffs threat"

"EU readies €100bn contingency for potential 30% US tariffs threat"

The EU is prepared to impose close to €100bn (£87bn) in tariffs on goods imported from the US, including bourbon whiskey and Boeing aircraft, if no trade agreement is reached with Donald Trump by next week. On Wednesday, the European Commission announced its intention to merge two previously drafted lists

Tom Hayes cleared of Libor rigging as court overturns conviction

Tom Hayes cleared of Libor rigging as court overturns conviction

Tom Hayes, the first banker imprisoned in connection with the Libor scandal in 2015, has had his conviction overturned by the UK’s highest court, clearing his name. A panel of five justices, led by Lord Reed, ruled on Wednesday that the instructions given to the jury in Hayes’s

UK regulator to target Apple and Google's mobile dominance

UK regulator to target Apple and Google's mobile dominance

The UK competition authority has stated it plans to intervene to increase competition on Apple and Google’s mobile platforms to benefit users, businesses, and app creators. The Competition and Markets Authority (CMA) has classified the two tech firms as holding "strategic market status" due to their dominant

"Eurostar urges solid Channel rail plan amid impending monopoly ruling"

"Eurostar urges solid Channel rail plan amid impending monopoly ruling"

Cross-Channel rail operator Eurostar has called on the UK government to adopt a "credible long-term strategy" for international rail services or risk lagging behind other European nations. The plea comes ahead of a key regulatory decision that may end its longtime monopoly on cross-border routes. The company cautioned