BAE Systems to pay $36m penalty after 104 violations of US arms export rules
State department says it has reached administrative settlement with company’s US arm to resolve breaches
Policy
Water customers are not a ‘blank cheque’, Burnham tells suppliers
Companies in England and Wales get green light for extra spending that will add billions to bills
Tesla paid Elon Musk 2.5m times more as CEO than its average worker in 2025
Tech billionaire’s $158.3bn deal an outlier in report showing widening gap of CEO to worker pay at top companies
USS George Washington heads to Middle East after record 265-day Lincoln deployment
WASHINGTON (AP) — The world's largest aircraft carrier, the USS Gerald R. Ford, broke the U.S. record Wednesday for the longest post-Vietnam War deployment, a nearly 10-month span that saw it take part in both the milit…
Federal Reserve Board issues enforcement action with former employee of Regions Bank
ICLG - Anti Money Laundering covers issues including criminal enforcement, regulatory and administrative enforcement and requirements for financial institutions and other designated businesses – in 16 jurisdictions.
Sports Direct owner buys Harvey Nichols department store chain
The owner of Sports Direct has bought Harvey Nichols out of administration after the upmarket department store chain warned it could run out of money if it did not find new funding.
T+1 Settlement: are firms ready for 2027?
The UK’s move to a T+1 securities settlement cycle on 11 October 2027 is a fundamental shift in how securities transactions are settled.
Cash remains most widely accepted payment method in euro area
According to the latest survey on the use of cash by companies in the euro area published today by the European Central Bank, cash acceptance has rebounded slightly.
Cisco’s AI-driven profit jump; PPI ahead - what’s moving markets
August 13, 2026, 3:58 AM EDT. The UAE has reportedly unlocked billions of dollars in previously frozen Iranian assets, including 1.5 tonnes of gold flown out on UAE Royal Jet aircraft. This move saw Bitcoin rebound by 1…
UK economy grows by 0.4% in second quarter as some businesses helped by World Cup and hot weather – business live
Across Europe stock markets are mostly doing better than the FTSE 100 in London.
Sun and World Cup helped some UK businesses as economy grew in April to June
An added boost from summer sun and sports fixtures for some businesses helped the UK economy to grow by 0.4% between April and June, according to official data.
India fuels worldwide jump in planned coal production
Enough new coalmining projects were proposed last year to increase global supplies by 2.5bn tonnes a year, an increase of 11% from the year before, even as demand for coal plateaus, according to a new report.
Victims of road crime feel ‘forgotten by system’, official review finds
Bereaved families or seriously injured victims of road crime feel “forgotten by the system” with offences not treated with the seriousness they deserve, an official review has found.
U.S. budget deficit widens to $1.8 trillion through July
It’s been just over one year since Liberation Day—when the US administration announced sweeping tariffs on all trade partners to reduce imbalances—but trade deficit hasn’t narrowed while trade has been diverted.
Greenland forces Trump-linked US oil firm to delay drilling
Greenland authorities have forced a US oil company connected to Donald Trump to postpone drilling wells in the Arctic territory, defying claims by the US president’s envoy that Americans could be extracting crude by nex…
Trump sued over $100,000-a-month early-access offer to Truth Social posts
Donald Trump has been sued after a subscription service charging up to $100,000 a month for early access to his posts on his Truth Social platform sparked allegations of corruption.
Ship traffic through Strait of Hormuz near three-month low
Oil prices have fallen to pre-Iran war levels as more oil tankers exited the strait of Hormuz.
Josh Kushner and Bob Iger reportedly buying Los Angeles Lakers for $12.5bn
Josh Kushner and Bob Iger are purchasing the Los Angeles Lakers for more than $12.5bn in a record-breaking deal, ESPN reported on Wednesday , citing sources with knowledge of the deal.
Burnham warned Iran war could hit UK growth next year
Andy Burnham has been warned that the UK economy could barely grow next year if disruption in the Strait of Hormuz continues until the end of 2026.
US inflation cooled slightly to 3.4% in July but prices still elevated
US consumer prices cooled slightly in July as the annualized inflation rate dipped down to 3.4%, though prices still remain higher than levels seen before the war with Iran.
Panama canal fees soar due to Iran war and El Niño as ship ‘pays $4m to jump queue’
Commercial ships travelling through the Panama canal are facing a rise in costs amid disruption triggered by the Iran war and falling water levels linked to this year’s intense El Niño weather system .
Live facial recognition cameras to be used on UK’s busiest shopping street
The Metropolitan police are understood to be planning to use live facial recognition (LFR) technology on Britain’s busiest shopping street.
AI was supposed to destroy jobs. Where’s the carnage?
The AI jobs apocalypse never showed up. Still, jobs are changing and economists expect more to come.
Iran war and high living costs fueling last-minute holiday bookings, Tui says
Geopolitics and cost of living crisis have cost Europe’s largest travel company €60m so far