Business

President Donald Trump has claimed that Rupert Murdoch and his son Lachlan are expected to join a U.S. consortium seeking to acquire TikTok’s American operations from its Chinese owner, ByteDance. Speaking during a Fox News interview, Trump said the Murdochs would join Oracle founder Larry Ellison and Dell Technologies founder Michael Dell in the group. He suggested that the Murdochs’ …

Karachi: Lucky Investments Limited (“Lucky Investments”) has crossed PKR 100 Billion (USD 350 Million) in Assets Under Management (AUMs) in under six months of launch of its first fund in April 2025.  This remarkable achievement makes Lucky Investments the only AMC in Pakistan’s history that has achieved this landmark feat. Since inception, the company has received overwhelming response from both …

Vodafone was warned by its franchisees four years ago that commission cuts were having a “massive impact” on their mental health, long before dozens of small business owners launched a £120 million High Court case against the company. In a 2020 survey conducted weeks after Vodafone reduced fees paid to franchisees for selling its products and services, participants reported suffering …

Yaso, a UK ecommerce firm that helps British beauty brands sell in China, has raised more than £8 million to expand into new consumer sectors including supplements, fashion and food. Founded in 2022 by Jonny Plein, James Campbell and Adam Knight, Yaso provides a software-based platform that integrates brands into leading Chinese social media and ecommerce channels such as Douyin, …

Fenyx Bridging, a newly established specialist property lender, has secured a £10 million block facility from Shawbrook to support its launch and growth strategy in the UK bridging finance sector. The funding line will enable the lender to back professional property investors and developers across England and Wales with short-term finance solutions for residential and mixed-use transactions. Led by a …

Rachel Reeves is under mounting pressure from senior policymakers and economists to target wealthier pensioners and homeowners with new taxes as she seeks to stabilise the public finances ahead of November’s Budget. In a letter to the Chancellor, signatories including Lord Gus O’Donnell, the former cabinet secretary, and Lord Jim O’Neill, the former Treasury minister, argued that the government should …

BMW’s UK motor finance division has sharply increased the money set aside to cover potential compensation for drivers mis-sold car loans, allocating nearly £207 million in provisions. The move underscores the growing cost of the industry-wide scandal as regulators prepare a formal redress scheme. The Financial Conduct Authority (FCA) is expected to outline shortly how it will compensate millions of …

The UK risks a “long, slow death” of its economic engines if businesses continue to trail international rivals in adopting artificial intelligence, according to Matt Clifford, the prime minister’s former AI adviser. Clifford, who also chairs the Advanced Research and Invention Agency (Aria), said Britain is guilty of “dangerous complacency” despite its reputation as a hub for technology and innovation. …

The US has collected $1.36 billion in tariffs on British exports in just four months, six times more than in the same period last year, highlighting the toll of President Donald Trump’s duties on UK manufacturers. According to estimates from the US International Trade Commission, American buyers of British goods paid significantly more in tariffs between April and July than …

Casinos have never been without data to remain profitable; however, the manner in which they collect and utilise the data has undergone a significant transformation. Live statistics can now allow operators to monitor what is going on the gaming floor or on an online platform in real-time. This stream of information constantly shows which games are drawing players, how long …