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Backlash in China as bubble tea chain Molly Tea ordered to pay Louis Vuitton £1.1m over logo

6 July 2026 No Comments

Chinese bubble tea chain Molly Tea must pay Louis Vuitton £1.1m after a court ruled its logo copied the luxury house's four-petal flower trademark, sparking a fierce online backlash.

US jobs growth stalls in June as World Cup boost fails to materialise

6 July 2026 No Comments

US payrolls rose by just 57,000 in June, barely half of Wall Street forecasts, as the World Cup failed to lift hiring and the Fed weighs its next move on…

ITV agrees £1.6bn sale of media and entertainment arm to Sky in landmark broadcasting deal

6 July 2026 No Comments

ITV has agreed to sell its media and entertainment business to Sky for up to £1.6bn, creating a UK broadcasting champion to take on Netflix and YouTube. Free-to-air protected until…

Electric and plug-in hybrid cars overtake petrol-only sales as Chinese brands claim one in seven UK registrations

6 July 2026 No Comments

Electric and plug-in hybrid cars have outsold petrol-only models in the UK for the first time, as Chinese brands MG, Chery and BYD take one in seven sales.

Firms ‘taxed out of existence’ as investment appetite falls to lowest level since Covid

6 July 2026 No Comments

BCC survey of 4,744 firms finds just 17% plan to raise investment, the weakest reading since the pandemic, as tax rises and soaring costs squeeze UK businesses.

Insolvency Service turns to AI in crackdown on rogue directors behind £800m ‘phoenixism’ problem

6 July 2026 No Comments

The Insolvency Service's new 50-strong taskforce will use AI analytics to catch directors who liquidate firms to dodge tax, amid an £800m phoenixism problem.

Burnham’s small business rates pledge could take 140,000 firms out of the tax, at a cost of £880m a year

6 July 2026 No Comments

Andy Burnham's plan to raise the small business rates relief threshold to £18,000 could free 140,000 firms from the tax, but at a cost of £880m a year.

Ghosts on the grid: whatever happened to the sponsors that bankrolled Formula One’s golden age?

5 July 2026 No Comments

From Rothmans and Benson & Hedges to Sega and Compaq, we trace what became of the brands that bankrolled F1's golden age — and the business lessons they left behind.

Sunak admits Covid bailouts were a mistake as he urges Britain to let failing firms go bust

5 July 2026 No Comments

Rishi Sunak admits Covid-era business support propped up firms that should have failed, urging the UK to embrace US-style creative destruction to revive growth.

World Cup 2026: Air-conditioned stadiums v 39C heat, is this really a level playing field?

5 July 2026 No Comments

Richard Alvin asks whether World Cup 2026 is judging oranges with oranges when some teams play in 22C air-conditioned comfort while others melt at 39C or gasp at altitude.

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