Business
Markets, companies, regulation and economic developments shaping global and local economies.
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RAC Owners Prepare Strategic Review for Potential £5 Billion Exit
RAC's owners are set to explore a £5 billion sale or listing, driven by rising revenues and membership growth, according to industry reports.
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FTSE 100 Surpasses 10,000 Points as Index Marks Record Growth
The FTSE 100 reached over 10,000 points for the first time, reflecting a 21.5% rise in 2025, driven by key sectors like mining and finance.
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Global Avian Influenza Developments Prompt Ongoing Surveillance
Recent H5N1 avian influenza outbreaks in India and the Americas have prompted increased surveillance and import bans, raising public health concerns.
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Trump Presses Oil Executives for $100 Billion Venezuela Investment
U.S. oil executives may influence Venezuela's oil sector with a proposed $100 billion investment, as Trump emphasizes private funding and security.
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Trump Proposes One-Year Cap on Credit Card Interest Rates
A proposed one-year cap on credit card interest rates may affect over $1 trillion in US debt, pending Congressional approval amid industry concerns.
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Volkswagen Faces Declining US Sales Amid Tariffs and Incentive Changes
US vehicle sales for Volkswagen dropped 13% in 2025, with tariffs costing up to €5 billion annually, impacting profitability and future exports.
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Record Numbers Seek Debt Advice Over 2025 Christmas and New Year
Requests for debt advice surged during the 2025 holiday season, with over 11,900 seeking assistance, indicating rising financial pressures on families.
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Argentina Repays $2.5 Billion US Currency Swap Drawdown
Argentina's $2.5 billion repayment to the US concludes a currency swap, potentially stabilizing its economy and impacting US taxpayers, reports...
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Venezuela’s Oil Industry: A Century of Change and Control
Impacts of nationalization and oil reserves reshape Venezuela's energy sector, affecting global oil markets and...
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US Labor Market Posts Weakest Annual Job Growth Since Pandemic
Weak job growth in 2025 adds only 584,000 positions, raising concerns over long-term unemployment and economic...