Business

Iceland, the British grocery chain, has reportedly ended its ten‑year dispute over the “Iceland” trademark and announced a “reconciliation discount” for shoppers in the island nation. Following the retailer’s third court defeat last year, chief executive Richard Walker said on Wednesday that the company would put the case

Global markets slipped further on Wednesday even though Donald Trump pledged that the U.S. Navy would escort tankers through the Strait of Hormuz and the U.S. military asserted that “not a single Iranian vessel is underway” in the strategic channel. The Middle‑East clash has immobilised the strait,

The Chinese government has urged that vessels transiting the Strait of Hormuz receive protection from all parties amid the intensifying Iran conflict, as freight rates for shipping have surged. Maritime traffic through the narrow waterway on Iran’s southern coast, which links the Persian Gulf with the Gulf of Oman,

The conflict in the Middle East has thrown financial markets into disarray for a second consecutive day, with oil and gas prices climbing, global equity markets sliding and the odds of a UK interest‑rate cut later this month sinking. London’s share market has plunged deep into the red,

Business executives are increasingly appearing on camera to seem more approachable to an audience that lives on social media. When the effort succeeds, it can generate a lot of attention; when it fails, it can invite online mockery. That is the situation facing Chris Kempczinski, the chief executive of McDonald’

Leading maritime insurers have withdrawn war‑risk coverage for vessels sailing in the Gulf as the intensifying Iran conflict has disrupted shipping and driven up freight rates. At least 150 ships, including oil and liquefied natural gas tankers, have anchored in the Strait of Hormuz and nearby waters. The crucial