Business

British Steel’s Turkish Contract: Innovation, Investment, and the Race Against Time

British Steel's deal to supply rail for Turkey's new 599km Ankara–İzmir high-speed railway is a story of innovation — in products, in export finance, in the resumption of 24-hour manufacturing. It is also, however, a race against time. The plant is losing £1.2 million every day, and the window for securing a sustainable future may not be open indefinitely. The eight-figure contract with ERG International...

Quality Considerations Join Price in Crude Procurement Decision Framework

India's crude oil procurement framework in 2025 increasingly incorporated quality considerations alongside price, with refiners seeking optimal crude grades for their facilities. Data shows that US crude imports to India surged by 65.6% to $8.2 billion during April-December 2025, while Russian crude imports contracted by more than 17%, falling from $40 billion to $33.1 billion year-on-year. December 2025 reflected this expanded decision framework. Russian crude...

JP Morgan’s £3 Billion Bet: London HQ Plan Secures Thousands of UK Jobs

JP Morgan has made a profound statement about its future in the UK, announcing a colossal £3 billion investment for a new, state-of-the-art headquarters...

British-Built Cars to Dominate Disability Fleet as Luxury Options Disappear

The framework for providing vehicles to disabled drivers through Motability is experiencing fundamental transformation with far-reaching economic implications for industry and users. The scheme...

Productivity Gains, Poverty Pain: Why US Innovation Doesn’t Reach the Bottom 4 Million

The United States leads the world in economic productivity and innovation, particularly in lucrative sectors like technology and artificial intelligence. However, the benefits of...

Geopolitical Ice: White House Pushes Back Chip Tax to Avoid Beijing Clash

The rollout of a key economic policy—the widespread semiconductor tariffs first proposed under Donald Trump—is reportedly being deferred by US officials amid rising geopolitical...

UK’s Steel Future: A “Slew of Crises” Spurs Radical New Plan

Facing a "slew of crises," from global tariffs to Chinese oversupply, the UK government is promoting a radical new plan for its steel industry....

Atlanta Fed President Bostic to Retire, Capping Historic Career

Raphael W. Bostic, the president of the Atlanta Fed, will retire in February, capping a historic career as the first African American and openly...

Trading Hardware for Brains: SoftBank Exits Nvidia to Double Down on OpenAI

SoftBank has made a definitive statement about the future of technology, liquidating its $5.8 billion stake in the chip hardware titan, Nvidia. The proceeds...

“A Mockery of Agreements”: 700 New US Tariffs Threaten EU/UK Pacts

European exporters are accusing the US of "making a mockery" of their trade agreements as the Commerce Department considers new tariffs on 700 products....

Google’s ‘AI Supplier’ Strategy Wins Big with $1B Siri Deal

Google's strategy to become a premier "AI supplier" has paid off massively, culminating in a $1 billion-a-year deal with its biggest rival, Apple. Google's...

“Consistent Views”: Norway Fund Again Rejects Massive Musk Payout

Sticking to its principles, Norway's sovereign wealth fund is once again rejecting a massive payout for Elon Musk, citing "consistent views on executive compensation." The...

45% of China’s Russian Oil Imports at Risk from “Buyers’ Strike”

As much as 45% of China's oil imports from Russia are at risk from a new "buyers' strike," according to Rystad Energy AS. This...

$5.05 Trillion: Nvidia’s New Value Redefines Market Limits

Nvidia has officially redefined the limits of the stock market. The chipmaker's valuation hit $5.05 trillion on Wednesday, making it the first company in...