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Global Business News - From BBC

River Island set to close 33 shops
The retailer blames the rise of online shopping for its decision, which risks hundreds of jobs.

'Dismal' month for supermarkets pushes down retail sales
Sales volumes in May saw their biggest monthly fall since December 2023.

Thames Water nationalisation prep 'stepped up'
The Environment Secretary Steve Reed says the government "stand ready for all eventualities".

BBC threatens AI firm with legal action over unauthorised content use
It is first time that the BBC has taken such action regarding alleged scraping of its content for AI.

'Crumbling' hospitals, schools and courts to get funding boost
The announcements on Thursday focussed on what the Chief Secretary to the Treasury Darren Jones called a "soaring maintenance backlog".

Tech giants unleash AI on weather forecasts: are they any good?
The biggest tech firms are using AI to forecast the weather but is that better than existing models?

Telegram boss says he will leave fortune to over 100 children he has fathered
The technology tycoon said his children would not have access to their inheritance for 30 years.

Adorable or just weird? How Labubu dolls conquered the world
The dolls have almost tripled their maker's profits - and, according to some, energised Chinese soft power.

New emissions guidance for oil and gas projects
This guidance will determine whether production can go ahead in the controversial Scottish fields, Rosebank and Jackdaw.

Interest rates held at 4.25% as Bank hints at further cuts to come
The central bank decides to hold interest rates at 4.25% with inflation remaining above its target level.

Millions more to get £150 off energy bills
The criteria has changed so 2.7 million more people will get the money automatically knocked off their bills.

Old meter switch-off is pushed back
Thousands of households will now not face disruption to hot water and heating, the government says

Texas Instruments pledges 'historic' $60bn US chip investment
The announcement comes as Trump pressures big technology firms to increase manufacturing in America.

Fed holds interest rates for fourth time despite tariff turmoil
The US central bank leaves its key interest rate unchanged at 4.3%, as its view of the economy darkens.

Japan's Nippon seals controversial US Steel deal after Trump pact
Nippon agreed to give a "golden share" to the US government to win approval of the takeover.

HS2 line to be delayed again with no new date given
Transport Secretary Heidi Alexander said the HS2 project was an "appalling mess".

Chocolate prices soar as UK inflation stays at highest in over a year
Food prices grew for a third month in May, as the overall rate of inflation remained at 3.4%.

OpenAI boss: Meta offering $100m plus to poach my staff
Sam Altman said so far none of his "best people" had jumped ship to his big tech rival.

Co-op offers members £10 discount on shopping after cyber attack
The retailer says the offer is to thank members but a retail analyst says the bar is high to redeem it.

Trump to extend US TikTok ban deadline, White House says
The app was supposed to be banned in the US after its Chinese owner refused to sell it by a January deadline.

More than 1,000 jobs at risk as Poundland plans 68 store closures
The discount chain sets out turnaround plans a week after it was bought by a US investment firm.

Amazon boss says AI will replace jobs at tech giant
Andy Jassy tells staff to embrace artificial intelligence (AI) as he warns the workforce will get smaller.

UK watchdog fines 23andMe for 'profoundly damaging' data breach
The fine comes as the DNA testing firm, which filed for bankruptcy in March, is set to be sold to a new owner.

Trump signs order confirming parts of UK-US tariff deal
The pact between the US and UK means tariffs will be reduced on certain goods such as cars entering the US.

Experts question whether $499 gold Trump phone can be US-made
It is the latest plan by US President Donald Trump's family that looks to cash in on his name.

Nissan unveils new electric car to be built in UK
The new Leaf will be powered by batteries also manufactured in Sunderland.

British Steel secures £500m contract to supply UK train tracks
The company will forge more than 337,000 tonnes of track in a deal safeguarding its future for the next five years.

Why Ukraine is one of the world's most digital countries
Despite the war, Ukraine has developed of the most advanced systems for digital government services.

Can shoes be made in the US without cheap labour?
American production is possible, but it often needs to be automated to be cost effective.

Race to mine metals for EV batteries threatens marine paradise
Photographs appear to show how nickel mining damaged one the world's most diverse marine environments

The women at the centre of Somalia's construction boom
Mogadishu's rapid expansion after decades of war is giving unexpected opportunities in a male-dominated society.

Indian scientists search for the perfect apple
India can't grow enough apples to meet demand but farmers are struggling to raise production.

A Belgrade landmark bombed by Nato could get Trump makeover
The Serbian project, led by Trump's son-in-law Jared Kushner, has run into opposition and scandal.

US tariff turmoil makes Spain's flagship foods seek other markets
Spanish ham and olive oil producers are looking at other nations to replace sales in the US.

From festivals to weddings: Why drone shows are booming
Light shows involving hundreds and even thousands of drones are becoming big attractions.

Why food firms are scrambling to cut down on ingredients
Food firms are marketing ranges with fewer ingredients, but are they healthier?

How airline fees have turned baggage into billions
The amount carriers now charge for luggage is raising the ire of politicians and consumer groups.

The British jet engine that failed in the 'Valley of Death'
Workers at Reaction Engines felt they were close to completing a revolutionary jet engine.

Chile's salmon farms hope for calmer waters
Chilean salmon producers are being criticised for operating in some of the country's national parks.

'We make more money from weddings now than farming'
From falconry and helicopter rides to spas and solar farms, three quarters of farmers now have a side hustle.

Frugal tech: The start-ups working on cheap innovation
Indian start-ups are using local materials and innovative ideas to make useful and affordable products.

Winemakers finding Trump's tariffs hard to swallow
Wine producers in both France and the US are unhappy at the US president's trade actions.

Driving instructors say rising prices are fair - but learners can't keep up
Paige Williams, a single mum from Barnsley, says she's having to drastically cut back on spending to afford her £35-an-hour driving lessons.

How a joke about rice cost a Japan cabinet minister his job
Soaring rice prices are a powerful trigger in Japan, where shortages have caused political upsets before.

Did Trump really strike Gulf deals worth $2tn?
Some analysts question whether the amount of investment will ultimately be that high.

Group stepping in where 'everyone is struggling'
The BBC visits a community centre in one of Wolverhampton's most deprived areas.

Music shop closure brings fear for industry's future
Professional Music Technology closed their 11 UK stores after filing for administration in June.

Millions more to get £150 off energy bills
The criteria has changed so 2.7 million more people will get the money automatically knocked off their bills.

How much is the winter fuel payment and who will get it?
The government has confirmed it will reverse some of the recent changes to the winter fuel payment.

China's electric cars are becoming slicker and cheaper - but is there a deeper cost?
The future for EVs will inevitably involve China. But where does that leave the UK and Europe markets – and what of the questions around national security?

The secretive US factory that lays bare the contradiction in Trump's America First plan
An exclusive look inside the closely guarded factory the president wants to become a foundation stone for a US golden age.

Xi's real test is not Trump's trade war
The real battleground of the current trade war might be China's domestic economy

The curious case of why a billionaire wants to buy Royal Mail
From the end of April, the 500-year-old Royal Mail will be controlled by Czech billionaire Daniel Kretinsky who co-owns a football club - but why does he want it?

Trump has turned his back on the foundation of US economic might - the fallout will be messy
What made the US step back from the system that it profited handsomely from for decades?

The Briefing Room
From McKinley to Trump, the rise, fall and rise again of US tariffs.

Are house prices too high to get on the property ladder?
New data shows record house price rises are currently "centred" in south Wales.

Panorama
Ros Atkins sets out to discover the truth about how our money is spent







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