Global
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Harry Styles’ record label suffered a dramatic fall in its sales and profit in the year after the release of his third solo album. The former One Direction star released the Harry’s House album in May 2022 through his studio, Erskine Records, and Columbia Records. Its success resulted in Erskine Records achieving a turnover of…
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UK inflation is expected to jump to 3.6% in April, its fastest rise since 2022, driven by higher energy, water, and payroll costs, according to City analysts. Read more: UK inflation set for sharp rise in April after surge in household bills
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TrusTrace Enhances Supply Chain Platform with AI-Driven Data Capabilities Swedish supply chain traceability company TrusTrace has announced a significant upgrade to its platform, now enhanced with artificial intelligence to help businesses centralise, analyse, and act on supply chain data more effectively. Founded in Stockholm in 2016, TrusTrace specialises in digital traceability and compliance solutions across…
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A Liverpool-based contracting company accused of promoting tax avoidance is to be wound up after appointing liquidators, City AM can reveal. The firm, called, Umbrella Union, described itself as an “umbrella contracting company” which “can help you comply with financial regulations whilst remaining self employed.” In October last year, HMRC added the company to its…
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California Governor Gavin Newsom has unveiled a revised proposal for the state’s 2025–2026 budget, which includes a significant extension of its signature climate policy, the “Cap-and-Invest” programme. Under the plan, the scheme—which compels major industrial emitters to purchase allowances for carbon emissions that exceed an annually decreasing threshold—would be extended through to 2045. It had…
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Gold prices are on track for their worst week since November 2024, falling 3.3% amid a stronger dollar and easing US-China trade tensions. Read more: Gold set for steepest weekly drop in six months as trade fears ease and dollar strengthens
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Aviva CEO Dame Amanda Blanc says mandating pension funds to invest in UK assets would be “a sledgehammer to crack a nut”, urging government to prioritise fiduciary duty. Read more: Aviva warns against forcing UK pension funds to buy domestic assets
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The government’s stake in NatWest has dropped below 1%, marking a near-complete exit from the £45.5bn bailout era and paving the way for full reprivatisation within weeks. Read more: NatWest nears full reprivatisation as taxpayer stake falls below 1%
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British pension funds should not be forced to invest in UK assets, the boss of one of London’s biggest insurance firms has said, in a rebuke of the government’s pension reforms plans. The Treasury this week helped seal a voluntary, non-binding agreement by pension funds, dubbed the Mansion House Accord, will see increased investment into…
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Fifa has welcomed the qualified backing of its plan to cap football agents’ fees from a top judge at the European Court of Justice following legal challenges. The opinion issued by AG Nicholas Emiliou is not binding but offers an indication of the verdict that the ECJ may ultimately reach in a case with profound…