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AI giants are beating estimates while airlines and food brands struggle. The second-quarter earnings season has revealed a sharp divergence, with firms like Alphabet and IBM reaping AI gains, while consumer-facing businesses report weakening demand and rising costs.
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Kimberly-Clark UK signs green hydrogen deal to cut emissions. The company partners with Carlton Power and HYRO to invest £125 million in green hydrogen infrastructure at its UK sites. This initiative aims to reduce greenhouse gas emissions by 80% by 2027, enhancing sustainability efforts….
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Europe’s small caps surge as Trump’s 30% tariff threat looms. Investors rotate into domestically focused stocks while export-heavy giants slide. Year-to-date gains in smaller firms outpace large caps, driven by tariff fears, a strong euro, and market volatility as negotiations continue.
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UK retail sales rose 0.9% in June, rebounding from May’s drop. Driven by hot weather and online promotions, volumes remain below pre-pandemic levels as consumer caution and inflation weigh on the sector’s recovery.
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UK businesses are cutting staff at fastest rate since February. The latest PMI data shows economic momentum slowing, with declining new orders and export sales. Rising payroll costs and subdued demand are prompting companies to reduce headcounts, impacting growth.
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ICJ releases advisory opinion on states’ climate change obligations. The International Court of Justice has clarified that nations must reduce greenhouse gas emissions and adapt to climate change under international law, potentially requiring wealthier countries to compensate those most affected by climate change….
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Standard Chartered launches Sustainable Escrow and Account Bank solution. The initiative assists clients in integrating sustainability into cash management by aligning funds with the bank’s sustainable loans and projects, enhancing its suite of sustainability-focused financial solutions….
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EU seeks input on new environmental legislation simplification proposal. The European Commission aims to streamline environmental laws and reduce administrative burdens in areas such as circular economy, industrial emissions, and waste management, enhancing effectiveness while maintaining environmental protection….
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UK vehicle production hits 70-year low amid industry challenges. Car output fell 7.3% and van production plunged 45%, impacted by factory closures and uncertainty over US tariffs. The government’s EV grant scheme lacks clarity, hindering recovery efforts.
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Most young UK workers now weigh up second jobs for survival. More than half of Gen Z and 71% of Millennials are considering side hustles as the cost-of-living crisis drives up financial anxiety among the UK’s youngest employees, according to new research by Boostworks.