Business

Warning high borrowing costs may mean tax rises or spending cuts

Warning high borrowing costs may mean tax rises or spending cuts

Higher borrowing costs may force UK tax hikes or spending cuts to meet fiscal rules. Debt interest is £7B over budget. Experts warn of market turbulence.

St Giles: Firms defiant in wake of Elgin shopping centre closure

St Giles: Firms defiant in wake of Elgin shopping centre closure

Elgin's St Giles Centre closed, but most businesses plan to stay in town. Many are relocating, with support and hopes for town's future.

Staff rejuvenated by four-day working week - firm

Staff rejuvenated by four-day working week - firm

A marketing exec reports a 4-day week boosts staff happiness and productivity. UK firms across sectors see benefits; it's expanding beyond office jobs.

UK will not be able to resist China's tech dominance

UK will not be able to resist China's tech dominance

China's tech rise, fueled by AI focus & STEM PhDs, is evident in DeepSeek's AI, patents, EVs & clean tech. It challenges the West economically & geopolitically.

OpenAI says Chinese rivals using its work for their AI apps

OpenAI says Chinese rivals using its work for their AI apps

OpenAI accuses China of using its research for AI. DeepSeek, a Chinese app, rivals ChatGPT, raising US security concerns and IP issues. US Navy bans it.

WH Smith High Street sales fall amid talks to sell stores

WH Smith High Street sales fall amid talks to sell stores

WH Smith's UK high street sales fell 6%. Considering selling 500 UK stores to focus on strong travel business, US expansion planned.