Business

Latest stories in this section, ordered by the original publication time from each source.

FOX

Pet food sold nationwide recalled over salmonella risk

Albright's Raw Pet Food of Fort Wayne, Indiana, is recalling its Chicken Recipe for Dogs Complete and Balanced due to the risk of salmonella contamination.

BBC

Oil price predicted to remain above $100 for rest of year

Investment bank JP Morgan expects oil to remain in the "low $100s" even if the Strait of Hormuz were to reopen next month.

FOX

Gordon Chang warns Chinese EVs entering US via Canada could become ‘rolling spy machines’

Gordon Chang calls Chinese EVs "rolling spy machines," warning Canada's lower tariffs could let surveillance vehicles reach the United States border.

GDN

British Steel: more questions than answers on the future | Nils Pratley

Hard decisions over a possible sale and future subsidies loom now full nationalisation is on the cardsFull nationalisation of British Steel expected in king’s speech“One of the proudest things we have done in government,” said Keir Starmer in Monday’s big speech about the decision a year ago to reca...

NYT

First-Time Home Buyers Are Staying on the Sidelines as Costs Rise

The effects of the war in Iran have raised mortgage rates and lowered consumer confidence, making it even harder for house hunters.

BBC

TikTok launches £3.99 subscription for no ads in UK

Those who don't subscribe will be able to use the platform for free - but be shown personalised ads by default.

GDN

UK government borrowing costs rise as Starmer ‘fails to reassure bond markets’ – as it happened

Yields on 10- and 30-year British government bonds have risen today, as investors digest possibility of leadership challengeUK borrowing costs rise as Starmer speech fails to dispel investor ‘jitters’Starmer faces fight to survive as Streeting and Rayner eye leadership bidsGovernment bond yields are...

SKY

Cut employee national insurance to win back voters, Labour report says

Radical economic reforms such as cutting national insurance and overhauling capital gains tax are Labour's only ways of winning back voters they have lost to Reform and the Greens, a report will warn.

GDN

UK government borrowing costs rise as Starmer ‘fails to reassure bond markets’ – business live

Yields on 10- and 30-year British government bonds have risen today, as investors digest possibility of leadership challengeUK borrowing costs rise as Starmer speech fails to dispel investor ‘jitters’Starmer faces fight to survive as Streeting and Rayner eye leadership bidsGovernment bond yields are...

BBC

Ovo energy customers urged not to panic as takeover planned

All existing tariffs will be honoured in full under a planned deal that could create one of Britain's largest energy suppliers.

ET

Refinery tax relief sought from ECC

Minister says upgradation stalled; sales tax exemption key to viability

ET

EPZ duty structure leads to double taxation

Steel makers demand duties only on value addition in export zones

ET

Pak-China sign $13b in MoUs, JVs in 2 years

A separate MoU was signed between KCCI and China's IBI Group

ET

PSX sheds 610 points in cautious trading

Uncertainty about ME peace negotiations fuels stock offloading

ET

FinMin eyes tech-led tax overhaul

ICAP proposes documentation, group taxation measures as budget consultations continue

ET

Gas firm rejects costly spot LNG bids

Saves $22-50m; Qatari LNG tanker en route to Port Qasim

ET

SMEDA vows regional SME cooperation at D-8

CEO stresses technology, market access; D-8 meeting targets $500b intra?trade by 2030

ET

Remittances expose Gulf dependency

Saudi Arabia, UAE account for over half of $34b inflows amid regional tensions

NYT

‘It’s Getting Unfriendlier’: International Students Race to Find Jobs

Students say they have been passed over for jobs and interviews because of visa restrictions. Some have a Plan B: leaving the United States.

NYT

Will a Ban on Bromated Flour Change New York Bagels and Pizza?

Bromated flour, which makes breads and crusts stretchy and springy (and cheap), is among the carcinogens forbidden in pending state legislation.

DAWN

PM extends austerity drive till June 13 to deal with impact of Middle East war

Prime Minister Shehbaz Sharif on Monday extended the countrywide austerity drive till June 13. The Middle East war, which began with US-Israeli attacks on Iran on February 28, has given rise to a global oil crisis. In order to deal with the situation, the government had announced unprecedented auste...

GDN

AI-powered hacking has exploded into industrial-scale threat, Google says

Criminal groups and state-linked actors appear to be using commercial models to refine and scale up attacksBusiness live – latest updatesIn just three months, AI-powered hacking has gone from a nascent problem to an industrial-scale threat, according to a report from Google.The findings from Google’...

GDN

UK borrowing costs rise as Starmer speech fails to dispel investor ‘jitters’

Bond yields creep higher on concerns about potential for political instability and rising inflationBusiness live – latest updatesUK politics live – latest updatesThe cost of government borrowing has crept higher as Keir Starmer’s crucial speech failed to dispel investor “jitters” in the bond markets...

BBC

Oil prices jump after Trump dismisses Iran proposal to end war

The Strait of Hormuz waterway remains effectively shut, severely disrupting global energy shipments.