Business

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 …

Cryptocurrency has gone from a niche idea to a global tool for business. But behind the scenes, it still takes real work to make digital payments safe, fast, and reliable. Few companies have taken on that challenge with as much focus and discipline as ZixiPay. Founded in 2017 by a small team of engineers and early blockchain investors, ZixiPay has …

Rachel Reeves has confirmed that she will deliver an early spring statement on 3 March, as the Treasury moves to restore confidence after a year in which prolonged tax speculation was blamed by businesses for weakening the UK economy. In announcing the date, the Treasury said the chancellor had formally asked the Office for Budget Responsibility to prepare updated forecasts …

Former mineworkers and their families are celebrating a “historic” boost to their pensions after the government handed over a £2.3bn reserve fund, delivering increases worth up to £100 a week and backdated lump sums averaging £5,500. Members of the British Coal Staff Superannuation Scheme will see their pensions rise by 41% from Tuesday, following the transfer of the government’s share …

Former mineworkers and their families are celebrating a “historic” boost to their pensions after the government handed over a £2.3bn reserve fund, delivering increases worth up to £100 a week and backdated lump sums averaging £5,500. Members of the British Coal Staff Superannuation Scheme will see their pensions rise by 41% from Tuesday, following the transfer of the government’s share …