Business

Markets, companies, regulation and economic developments shaping global and local economies.

  1. Trojan Energy is exploring strategic options, including a potential sale, as the UK Treasury plans a 3p-per-mile EV tax starting in 2028.

  2. Oil prices fell nearly 3% due to President Trump's comments on reduced violence in Iran. Market concerns eased, according to reports.

  3. A filing describes Saks Global's Chapter 11 bankruptcy on January 13, 2026, and $1.75 billion in financing, according to reports.

  4. JPMorgan Chase reported a $13 billion net income for Q4 2025, marking a 7% decline from last year, influenced by lower investment banking fees.

  5. Volkswagen's global deliveries fell 0.5% to 8.98 million in 2025, with an 8% drop in China, while battery-electric vehicle deliveries rose 2.7%.

  6. Restrictions on rare earth exports to Japan have been implemented, according to reports. Lynas is now positioned as a leading alternative supplier.

  7. The UK government may intervene if X fails to manage its AI chatbot Grok effectively, with new laws criminalizing non-consensual image creation.

  8. The Golden Globes introduced a Best Podcast category in 2026, with Good Hang winning the inaugural award among six nominees.

  9. Allegiant plans to acquire Sun Country Airlines for $1.5 billion. Shareholders will receive cash and stock, according to company reports.

  10. Thirteen councils received the lowest road maintenance ratings. The Department for Transport allocated £300,000 for improvements, according to reports.