Markets
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Lotus plans to cut 550 UK jobs to ensure survival. The Norfolk-based carmaker, majority-owned by Geely, cited falling sales, electric vehicle transition, and global tariffs as reasons for the cuts, which affect 40% of its British workforce.
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US duty‑free import threshold scrapped for parcels under $800. The United States has eliminated its longstanding tariff exemption for low‑value imports, forcing businesses and logistics providers to reconfigure shipping strategies as new charges and regulatory complexity take effect.
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The UK is becoming a top destination for tech businesses. Barclays reports that UK tech leaders favour their market over Europe, Asia-Pacific, and the US, citing strong opportunities and talent access. Rising AI demand and economic confidence bolster growth.
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Frontier facilitates $31 million carbon removal agreements with Planetary. The agreements involve delivering 115,000 tons of carbon removals by 2030 using Ocean Alkalinity Enhancement, marking the largest of its kind. Buyers include Stripe, Google, and Shopify….
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Nvidia posted record quarterly revenue but shares still fell. The chipmaker’s dominance is being tested by valuation concerns, rival competition, and escalating US–China trade tensions. Hyperscaler spending secures demand for now, but questions grow over whether Nvidia’s strength is a shield or a liability.
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Ineos invests in Castore, shifting Belstaff ownership in strategic deal. The company’s strategic investment in sports apparel brand Castore facilitates Castore’s acquisition of heritage brand Belstaff, marking a shift towards luxury fashion.
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Amazon partners with nuclear firms to expand US energy capacity. The collaboration with X-Energy, KHNP, and Doosan aims to deploy advanced nuclear reactors to support data centres and AI infrastructure, potentially mobilising $50 billion in investments for over 5 GW of nuclear energy….
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The Net-Zero Banking Alliance (NZBA) pauses activities, restructuring. Following high-profile exits, the NZBA plans to transition from a membership alliance to a new framework initiative. Members are voting on the proposal, with results expected by the end of September….
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Virgin StartUp launches ‘Momentum’ accelerator programme to support dyslexic entrepreneurs. The programme aims to help dyslexic founders scale their businesses through workshops, mentoring, and resources. Dyslexic entrepreneurs contribute significantly to the UK economy, with many possessing skills ideal for entrepreneurship.
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European car sales rose nearly 6 percent in July 2025. The market’s rebound, led by strong German registrations, was accompanied by a sharp reshuffling in electric vehicle leadership. Tesla’s sales fell 40 percent year-on-year while China’s BYD surged ahead, underscoring shifting dynamics as hybrids and EVs now dominate new registrations.