Business
Latest stories in this section, ordered by the original publication time from each source.
UK economy grew faster than expected in March
The economy grew by 0.3% in the month, official figures show, confounding analysts' forecasts of a small contraction.
Rachel Reeves insists government has ‘right economic plan’ after UK growth beats forecasts in March – business live
Chancellor says UK is in ‘a stronger position’ to deal with the costs of the Iran war, and warns against putting economic stability at riskRachel Reeves has also suggested she’ll announce details of help with the cost of living crisis next week.Speaking to BBC News this morning, the chancellor says:...
UK economy grew 0.6% between January and March
The Office for National Statistics says growth picked up in the first three months of the year.
Honda Posts First Ever Annual Loss After Pullback From E.V.s
Honda posted its first loss since 1957 as it took a multibillion-dollar hit from scaling back its electric-vehicle plans.
India bars sugar exports until September
India, one of the world’s largest sugar producers, has banned exports of the key commodity until the end of September to ensure enough domestic supplies and prevent prices from rising. The government prohibited exports “with immediate effect”, according to an order issued late on Wednesday, other th...
UK economy beats forecasts with 0.3% growth in March despite Iran war – business live
Rolling coverage of the latest economic and financial news, including the UK’s latest GDP reportChancellor Rachel Reeves can be forgiven for tooting her own trumpet this morning, after the UK economy grew faster than forecast in March.Following the news that GDP rose by 0.3% in March, and by 0.6% in...
‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again
As Keir Starmer’s leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrousA rise in borrowing costs and warnings to avoid a “Liz Truss moment”. As Keir Starmer faces a potential leadership challenge, the spectre of the bond ma...
UK GDP report to show how Iran war hurt economy in March – business live
Rolling coverage of the latest economic and financial news, including the UK’s latest GDP reportThe Iran war, and the resulting jump in borrowing costs, is dampening the UK housing market.My colleague Tom Knowles reports:Fears of higher mortgage rates and rising inflation as a result of the Middle E...
Honda Posts First Ever Annual Loss After Pullback From EVs
Honda posted its first loss since 1957 as it took a multibillion-dollar hit from scaling back its electric-vehicle plans.
Don't risk stability warns Reeves, as figures reveal unexpected economic growth - highest in the G7
The economy unexpectedly grew in the first month of the Iran war, according to official figures.
Don't risk stability warns Reeves, as figures reveal unexpected economic growth
The economy unexpectedly grew in the first month of the Iran war, according to official figures.
UK economy unexpectedly grew in first month of Iran war, new GDP figures show
The economy unexpectedly grew in the first month of the Iran war, according to official figures.
HMRC to use AI from British tech firm to spot fraud and tax return errors
Quantexa, a financial data platform, won the £175m contract to spot fraud and tax return errors.
Eric Trump, Who Runs the Family Business, Hops Along on the Plane to China
The president’s middle son is said to be joining his father in a “personal capacity” rather than to make business deals.
Cuba has run out of diesel and oil, energy minister says
The minister says the situation in Cuba is "extremely tense", as a US-led blockade of oil to the country causes widespread power cuts.
Australian giant Coles misled shoppers with fake discounts, court rules
The decision, which comes amid similar case against Woolworths, could mean significant penalties.
FBR mulls AI-based monitoring
ISLAMABAD: The government on Wednesday reviewed a set of tax enforcement measures for the upcoming federal budget, focusing on curbing evasion and improving revenue collection through greater use of technology. This was discussed in a special meeting on tax enforcement measures chaired by Economic A...
Finance minister heads to China for Panda bond launch
https://www.dawn.com/news/2000047
Aurangzeb, IMF mission discuss revenue targets, fiscal reforms ahead of budget
https://www.dawn.com/news/2000047
Public Sector Development Programme spending remains sluggish
ISLAMABAD: At a time when Pakistan’s economy is struggling to regain momentum, development spending has remained sluggish, with allocations reaching only 56 per cent and actual utilisation falling short by around 18pc during the first 10 months of the current fiscal year. The utilisation under the P...
Instant noodle recall issued nationwide over possible peanut contamination
A nationwide recall has been issued for a popular instant noodle product after a potential peanut contamination raised serious allergy concerns.
PSX extends losses as index hits pre-war level
KARACHI: Despite inflows from the International Monetary Fund (IMF), the Pakistan Stock Exchange (PSX) recorded losses for the fourth consecutive session on Wednesday amid persistent volatility triggering selling from nervous investors, pushing the benchmark KSE-100 index below the pre-war level. Wh...
PM Shehbaz orders easy SME loans
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed the commercial banks to provide easy loans to women entrepreneurs and small and medium enterprises, and to assist them in exporting their products, as SMEs have full potential for the development of the national economy and for increasin...
Chinese firm plans $500m export facility
ISLAMABAD: A leading Chinese company is establishing a large-scale manufacturing facility in Pakistan, with the potential to generate annual exports of $400 million to $500m and create up to 20,000 local jobs, reflecting renewed investment interest as the country seeks to boost industrial output and...