Business

The European Central Bank left interest rates unchanged during its July meeting, as data indicated the eurozone economy continued to expand at a slow rate. The Frankfurt-based institution, in a move widely anticipated as a temporary stop before potential reductions later this year, opted against lowering borrowing costs, keeping the

River Island Faces Potential Collapse Without Rent Cuts and Store Closures River Island has warned it may not survive unless landlords agree to a restructuring plan that includes shutting 33 locations and significantly reducing rent payments. New documents reveal the retailer urgently requires £10 million by mid-September, with potential funding

British car and van production fell sharply in the first half of the year, reaching its lowest level since 1953 outside the pandemic period, amid disruptions caused by U.S. trade policies. Data from the Society of Motor Manufacturers and Traders (SMMT) reveals that vehicle manufacturing in the UK dropped

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

### 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

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