Bosch to cut 13,000 jobs to save billions in costs
The engineering giant says increased competition and costs mean it must scale back. Read More
Starbucks to close some US and UK stores
The coffee chain is restructuring to save money by closing its worst performing stores. Read More
Customers’ debt to energy suppliers soars to £4.4bn
More than a million households have no plan to pay off their energy debt, regulator Ofgem says. Read More
Co-op says cyber-attack cost it £206m in lost sales
The retailer’s IT networks were infiltrated by hackers in April, leading to payment problems and shortages of goods in shops. Read More
Labubu dolls make up 90% of fake toys seized at UK border
Of the 259,000 fake toys seized so far this year, 236,000 were counterfeit Labubus, the Home Office says. Read More
PM ‘remains committed’ to Northern Powerhouse Rail
Sir Keir said he wanted to “get it right” following the unravelling of HS2 plans. Read More
Farage urges Bank of England boss to stop bond sales
Reform UK argues the sell-off, started in 2022, is pushing up the government’s borrowing costs. Read More
US economic growth revised up on strong consumer spending
Growth was revised up to 3.8% in the period from April through to June – up from the previous estimate of 3.3%. Read More
Jaguar Land Rover restarts some IT systems after cyber-attack
The carmaker says it is working through a backlog of payments as its IT systems come back online. Read More
UK drug price rises necessary, says Patrick Vallance
His comments come after pharmaceutical giants either paused or scrapped projects in the UK. Read More