Category Archives: Business

DiDi raises prices in Australia to cover soaring petrol costs amid conflict in the Middle East

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Other delivery and transport companies such as Uber, DoorDash and Australia Post are weighing whether to charge more

Rideshare giant DiDi has raised its prices to cover soaring petrol costs, becoming one of the first major companies after the airlines to charge Australian consumers more as a result of the conflict in the Middle East.

Uber, DoorDash and Australia Post were among the delivery and transport companies weighing whether to add charges, as small businesses hike fees.

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Rachel Reeves reveals push for fiscal devolution to English regions, says Brexit caused damage, and admits student loan system is ‘broken’ – as it happened

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Chancellor says Brexit may have cost 8% of UK GDP in wide-ranging Mais lecture at Bayes Business School in London which also called for AI push

The number of people in England and Wales falling into insolvency has jumped.

There were 11,609 individual insolvencies registered in England and Wales in February, the Insolvency Service has reported this morning. This was 18% higher than in February 2025 and 6% higher than in January 2026.

The individual insolvencies consisted of 768 bankruptcies, 4,210 debt relief orders (DROs) and 6,631 individual voluntary arrangements (IVAs). The number of DROs in February 2026 was a record high in the monthly time series going back to their introduction in 2009, exceeding the previous high of 4,185 in August 2025.

The number of IVAs was higher than both January 2026 and the 2025 monthly average. Bankruptcies were 25% higher than in February 2025, although numbers were affected by the clearing of a backlog following the Insolvency Service moving to a new case management system.

Average 2-year fix has risen from 4.83% at the start of March to 5.28% today. It’s highest since April 2025.

Average 5-year fix has risen from 4.95% at the start of March to 5.32% today. It’s highest since February 2025.

“War in the Middle East has added almost £800 to a typical annual mortgage bill in just two weeks, which will be unwelcome news for anyone currently seeking a fixed rate deal.

“The average two-year fixed rate has jumped from 4.83% at the start of March to 5.28% today – its highest level since April 2025. The average five-year fix has risen from 4.95% to 5.32%, now at its highest since February 2025. For a borrower with a £250,000 mortgage over 25 years, that equates to paying £788 more per year on a two-year fix, or £651 more on a five-year deal compared to just a fortnight ago.

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Arizona charges Kalshi, alleging illegal gambling with election bets

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Kalshi calls Arizona’s case ‘paper-thin’ and says the platform should not be overseen by ‘inconsistent state laws’

Arizona’s attorney general on Tuesday filed criminal charges against Kalshi, accusing the prediction markets platform of operating an illegal gambling business in the state and unlawfully allowing people to place bets on elections.

The charges filed by Kris Mayes, the Arizona attorney general, marked the first time a state has pursued a criminal case against Kalshi, which has been at the center of an escalating battle over the ability of state gaming regulators to police prediction markets operators.

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Bentley to cut hundreds of UK jobs amid ‘challenging global market environment’

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Carmaker reduces office-based roles and will not fill vacancies ‘to ensure long-term competitiveness of business’

Bentley is to cut 275 jobs in the UK as the carmaker faces a “challenging global market environment”.

The luxury brand, owned by Germany’s Volkswagen, is preparing to launch its first all-electric model but acknowledged it had some work to do to persuade consumers to switch away from internal combustion engine vehicles.

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Train delays: compensation claims to be easier under Great British Railways

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Refund systems for individual train operators to be merged into single service under nationalised rail body

Rail passengers will be able to claim compensation for delayed trains directly from the website where they bought their ticket, the government has said, as part of a shake-up to make rail travel simpler.

Passengers who use third-party retailers such as Trainline to buy tickets currently, have to submit applications for refunds to the relevant train operator for processing.

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European takeover battle hots up with UniCredit’s ‘unfriendly attack’ on Commerzbank

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Milan-based bank plans to up its near-30% stake in German lender to trigger formal talks despite strong opposition from Berlin

Two European banking powerhouses have become embroiled in a €35bn (£30bn) takeover battle after Italy’s UniCredit stepped up its long-running pursuit of German lender Commerzbank, despite strong opposition from the German government.

UniCredit first took a stake of 9% in Commerzbank in September 2024 and has since built up its holding to just under 30%. It said on Monday it was pushing to increase that holding further and push the rival lender into formal merger talks.

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Trump claims he has ‘absolute right’ to impose new tariffs after supreme court blow

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US supreme court has ‘ransacked’ the country, president argues, in wake of its ruling against his trade agenda

Donald Trump has claimed he has “the absolute right” to impose new tariffs after the US supreme court ruled many of the import duties he imposed last year were illegal.

The president attacked the court in a late night broadside on Sunday, accusing it of having “unnecessarily RANSACKED” the US – and failing to show him sufficient loyalty.

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ACM to brief staff after co-owner Antony Catalano charged with assault of a woman

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Australian Community Media says employee ‘wellbeing’ top priority amid ‘shock and deep concern’ over 59-year-old’s charges

Australian Community Media will hold a staff meeting on Monday afternoon to share the regional media group’s response to the arrest of its part-owner Antony Catalano who is facing charges of assault of a woman.

On Sunday the board and executive leadership team of ACM distanced itself from the 59-year-old newspaper mogul, saying they were “shocked and deeply concerned” about the charges.

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Florida’s real estate ‘gold rush’ draws the super-rich as rising costs push others out

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The luxury property surge fuels growth in Miami, but a poll finds many residents weighing an exit over housing and living costs

To a casual observer, everything in south Florida’s real estate garden is looking rosy. There’s a “gold rush” in Miami as ultra-wealthy buyers snap up mega-mansions and luxuriously appointed condos as soon as they hit the market; and the Guardian has also reported recently on the “Mamdani effect” of elite New Yorkers arriving in the sunshine state with bulging pocketbooks in search of a high-priced escape from the city’s new mayor.

Yet alongside the boom, there are rumblings of a more troubling parallel reality. Undoubtedly, the billionaire class is helping to pump even more dollars into an already thriving Florida economy. But as prices rise and the less affluent find everything from housing and insurance to gas and groceries increasingly expensive, many are considering doing something about it.

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Stout clobber? Guinness tie-up features £1,295 ‘pub carpet’ jumper

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Brand enlists JW Anderson to help brew up 17-piece range of luxury fashionwear, from ‘beer towel’ shorts to branded trousers and tops

You too can look like a pub carpet – and for the bargain price of £1,295. Such sartorial elegance – perhaps an option for anyone stepping out to celebrate St Patrick’s Day this week – is the aesthetic love-child of a partnership between Guinness and the luxury clothing brand JW Anderson.

The tie-up, launched earlier this month, allows fashionistas to get their hands on a range of Guinness wear that exploits the continuing metamorphosis of the “black stuff” from unfashionable pub staple to social media status symbol.

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NSW to crack down on property underquoting, forcing sellers to publish price guides on all listings

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Underquoting and ‘dummy bidding’ will attract fines of $110,000 in bid to create a ‘fair property market’

The New South Wales government will introduce new laws this week to force property sellers to publish a price guide on all advertising, and impose a fivefold increase to fines for underquoting real estate agents.

The government says the draft laws, first flagged last year, are aimed at cracking down on agents providing misleading price estimates on property listings, a practice often used to inflate interest.

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Wealthy British nationals fleeing Gulf conflict bypass UK to avoid tax bills

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High-net-worth residents of UAE heading to Ireland and France to wait out missile attacks before tax year ends

Wealthy UK nationals fleeing war in the Gulf are seeking sanctuary in countries such as Ireland and France to avoid hefty tax bills back home.

In the face of possible demands from HM Revenue and Customs, high-net-worth individuals who had been living in the United Arab Emirates and neighbouring countries are hoping to wait out the missile and drone attacks elsewhere rather than return to the UK.

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‘Shockingly bad’: Nissan Leaf drivers voice anger over app shutdown

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Carmaker’s decision to drop NissanConnect EV app on relatively recent cars fuels warnings from experts

Owners of some Nissan Leaf electric vehicles are angry after the carmaker announced it would shut down an app that lets them remotely control battery charging and other functions.

Drivers of Leaf cars made before May 2019 and the e-NV200 van (produced until 2022) have been told that the NissanConnect EV app linked to their vehicles will “cease operation” from 30 March. This means they will lose remote services, including turning on the heating, and some map features.

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NHS and MoD will be urged to buy British tech to drive growth amid Iran crisis

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Treasury minister Spencer Livermore trails new strategy as chancellor pins hopes on benefits of AI amid global uncertainty

The NHS and Ministry of Defence will be urged to buy British tech, as the government pins its hopes on the benefits of artificial intelligence to kickstart growth in the face of the Iran crisis, Treasury minister Spencer Livermore has said.

The chancellor, Rachel Reeves, will restate her economic strategy in a high profile lecture on Tuesday, just as rocketing oil prices have raised fears of higher inflation and weaker growth.

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Iran threatens to escalate war after Trump says ‘many countries’ will send warships to strait of Hormuz

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US president calls on China, France, Japan and the UK to send vessels after US strikes Kharg Island oil facilities

Iran threatened on Saturday to further escalate the war raging in the Middle East by targeting any facility in the region with US ties, after Donald Trump predicted “many countries” would send warships to support a US bid to reopen by force the strait of Hormuz, a critical waterway closed to virtually all maritime traffic by Tehran since the beginning of the war.

Iran has responded to the joint US-Israeli offensive, which is entering its third week, with daily attacks on oil and other infrastructure around the Gulf region, as well as against Israel.

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‘I don’t give a shit about Iran. I don’t want to pay higher gas’: Motor City motorists feel pinch as gas prices surge

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Drivers in Detroit are unhappy with the spike in gas prices, even if reactions are mixed to the US-Israel war on Iran

On a rainy Detroit afternoon at a gas station off Interstate 75, Victor Rodriguez watched the pump tally tick up as he filled up his F-250 diesel pickup truck for $4.19 per gallon. It totaled $110. “Ridiculous,” he said.

The US-Israel war on Iran has crippled major portions of the oil supply chain, sending gas prices soaring as the conflict enters its third week. Rodriguez said he supports “getting rid of this thug”, referring to Iran’s Ayatollah Ali Khamenei, who was killed by the US, but the cost is too high.

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Who are the key figures in the sewage crisis, and where are they now?

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With anger stoked by Channel 4’s drama Dirty Business, we look at what has happened to some of the main players

Water companies have been in the public eye for the wrong reasons again recently. South West Water was in the dock pleading guilty to supplying water unfit for human consumption, while the regulator fined South East Water £22.5m for repeated supply failures that affected more than 280,000 people over three years.

As the full scale of the sewage pollution scandal has been revealed to the public over the past six years, key figures working for the regulators and the privatised companies have been heavily criticised. Channel 4’s drama Dirty Business has focused attention on individuals at the heart of the scandal.

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Bailiffs board Ryanair plane after airline refuses to pay delayed flight compensation

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Austrian officials took action after airline ignored court order to pay €890 to unnamed women

Bailiffs have boarded a Ryanair aircraft after the airline refused to pay compensation to a passenger whose flight was delayed.

Austrian officials took action after the budget carrier ignored a court order to pay the unnamed woman €890 (£742) in legal costs and compensation for a delayed flight two years ago.

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Patients face long journeys for medicines as pharmacies cut weekend hours

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More than 20% of weekend availability lost in England since 2022, forcing some to turn to A&E, says national association

People who need to obtain medication at the weekend are having to undertake long trips because more pharmacies are cutting their opening hours on Saturdays and Sundays.

One in six pharmacies in England have reduced their hours at weekends since 2022, with some shutting altogether, as a result of “unsustainable” pressures on their budgets.

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John Lewis pays first annual staff bonus in four years as profits rise

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Payment of 2% at employee-owned partnership follows sales increase to £13.4bn

The owner of John Lewis and Waitrose has paid an annual bonus to workers for the first time in four years after underlying profits rose by 6%.

The retail group’s 69,000 employees – which it calls partners – will share £35m, the equivalent of 2% of salary, after it recorded an increase in sales and profits. The payout amounts to about one extra week of pay.

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