Business

Britain’s long and often spectacular history of mismanaged inventions, doomed projects and ill-fated ideas is finally getting its own cultural institution. Next spring, the internationally touring Museum of Failure will open in the UK, celebrating everything from grand design disasters to corporate overreach – all viewed through the lens of learning rather than ridicule. Its founder, Dr Samuel West, believes …

British businesses are sharply reducing their public support for Pride, mirroring a broader retreat from diversity, equity and inclusion (DEI) initiatives that has gathered pace in the United States. Analysis of corporate social media activity shows that references to Pride by some of the UK’s largest companies have fallen dramatically in the past two years. Mentions are down by more …

Boxing Day sales are expected to deliver a £3.6 billion boost to UK retailers this year, around £1 billion less than in 2024, as cost-of-living pressures continue to weigh on household spending. The forecast comes from Barclays, which tracks nearly half of all credit and debit card transactions across the UK. The anticipated decline represents a blow to retailers during …

The UK is on course to overtake Japan and become the world’s fifth-largest economy by the end of the next decade, according to new long-term projections from Centre for Economics and Business Research (CEBR). In its latest global outlook, the think tank forecasts that Britain’s gross domestic product will rise from just under $4 trillion in 2025 to around $6.8 …

Glastonbury Festival has reported a rise in profits after a strong year that featured performances from global stars including Dua Lipa and Shania Twain, enabling millions of pounds to be channelled into charitable causes. Accounts filed at Companies House show that Glastonbury Festival Events Limited, the operating company behind Glastonbury Festival, increased revenues to £75.2 million in the year to …

The global market for humanoid robots could be worth as much as $9 trillion by 2050, with China expected to dominate demand and basic household models potentially entering homes within the next five years, according to new research. A report by Royal Bank of Canada estimates that humanoid robots could become a core part of everyday life over the coming …

The US economy expanded at its fastest rate in two years during the third quarter of 2025, buoyed by a powerful rebound in consumer spending that more than offset weaker investment growth. Gross domestic product grew at an annualised rate of 4.3 per cent between July and September, according to revised figures from the US Bureau of Economic Analysis. The …

One of the City of London’s most prominent financiers has become the latest billionaire to relocate abroad, adding momentum to the growing exodus of wealthy individuals from the UK. Alan Howard, the co-founder of hedge fund group Brevan Howard Asset Management, is understood to have taken up residency in Switzerland, according to UK registry filings cited by Bloomberg. Howard, 62, …

The government on Tuesday sold its 75 percent stakes in the Pakistan International Airlines (PIA) for Rs10.1 billion cash to business tycoon Arif Habib-led consortium, marking the completion of the first major privatisation transaction in two decades by offloading the white elephant. The consortium of Arif Habib, Fawad Ahmed Mukhtar, Gohar Ejaz and Aqeel Karim Dhedhi – Pakistan’s renowned businesspersons, …

Major sports events are not just thrilling spectacles; they are economic powerhouses. These events ripple through various industries, driving significant economic activity. The betting sector, in particular, sees a notable surge in activity during such times. Global sports events such as the FIFA World Cup play a pivotal role in the economy by attracting millions of spectators and participants. These …