Business
Latest stories in this section, ordered by the original publication time from each source.
The overlooked reason why new drugs take so long—and the $10 trillion fix
A new report estimates speeding up FDA drug approvals by one year could generate over $10 trillion in economic value from faster medical innovation.
Pakistan mulling purchase of cheaper oil, gas from Iran: petroleum minister
LAHORE: Petroleum Minister Ali Pervaiz Malik on Sunday said that Pakistan was “considering” purchasing cheaper Iranian oil and gas. The option of sourcing Iranian crude oil supplies has again become available to Pakistan after a temporary easing of US sanctions on Tehran. By availing this opportunit...
England players using drink developed by Brownlee to help beat World Cup heat
CoreCtrl is made by Alistair Brownlee’s companyProduct reduces temperature body starts to sweat atEngland’s players are using a sports drink developed by the double Olympic triathlon champion Alistair Brownlee to help control their body temperatures at the World Cup.The Football Association placed a...
Lucy Powell agrees Ed Miliband would be ‘good’ as Andy Burnham’s chancellor
Labour deputy leader says she thinks energy secretary would suit Treasury but ‘tittle-tattle’ over posts ‘unedifying’Ed Miliband would make a “good” chancellor to Andy Burnham, Labour’s deputy leader, Lucy Powell, has said, before the likely next prime minister’s first major speech on the economy si...
Feeling bored and disconnected for your job? You may be facing workplace 'rust-out' | Gene Marks
The latest work buzzword describes feeling under-stimulated at your job – but you can break free from workplace monotonyThere is a woman I know who works in the accounts payable department at one of my clients. She’s in her late 40s and she’s been doing the same job for at least 10 years. Entering p...
Ministers urged to curb energy costs as Great British homes face 13% bill surge
Quarterly Ofgem price cap rises to equivalent of £1,862 a year from 1 July amid growing consumer energy debtMinisters are facing growing pressure to lower energy costs as households in Great Britain face the steepest rise in summer bills in four years this week.The quarterly cap on gas and electrici...
Complaints filed to police watchdog over Met’s handling of Al Fayed abuse allegations
IOPC confirms complaints from three survivors of alleged sexual misconduct by late Harrods owner in addition to ongoing investigationSurvivors of abuse at the hands of the late Harrods owner Mohamed Al Fayed have complained to a watchdog about how the Metropolitan police handled allegations.More tha...
From Thomas Tuchel to Andy Burnham, men are having a polo shirt moment
Callum Turner wore one for three-day wedding to Dua Lipa, but the perennial favourite has never really gone awayIf Dua Lipa’s Chanel wedding dress was among the most anticipated fashion moments this summer, her new husband Callum Turner’s wardrobe is proving just as influential. But forget the bespo...
‘Crypto v community’: 4,000 local US lenders join forces to fight ‘stablecoins’ law
Up to 4,000 community banks fear looming legislation to regulate digital cash will deprive rural firms and farmers of $850bn-worth of loansOn a quiet summer morning, above a small mid-western town, an American flag is waving in the breeze. The camera cuts to a father helping his son at the wheel of ...
Spirit airlines is dead and a bus travel boom looks likely – but will Greyhounds ever be cool again?
For most Americans, riding a bus means abandoning expectations of basic dignity – but with an increase in ridership, that could change“It’s a grueling experience,” Greyhound bus enthusiast Miles Taylor explains. “You’re not treated very well. Everyone is yelling at you the entire time. When the bus ...
LA delays $30 'Olympic wage' until after games as hotel owners warn of layoffs, economic fallout
Los Angeles delays its $30 minimum wage plan for hotel workers until 2030 amid industry warnings of layoffs, reduced hiring and rising labor costs.
How Polymarket Traders Revolted Over One Silly Syllable
How one silly syllable ignited a bitter dispute over the nature of reality on Polymarket.
Karachi Port Trust sets cargo handling record in 138-year history: maritime minister
Minister for Maritime Affairs Junaid Anwar Chaudhry on Sunday said the Karachi Port Trust (KPT) has achieved the highest annual cargo handling volume in its 138-year history. Pakistani ports, including the KPT, have emerged as a safe trading hub in recent months due to the closure of the Strait of H...
Ed Miliband as chancellor would benefit every part of the UK – and the bond markets | Josh Ryan-Collins
If Andy Burnham chooses the energy secretary, Labour could fully use the benefits of net zero to promote growth and jobsIt should have been a great week for Ed Miliband and his mission to decarbonise the UK economy. Western Europe has experienced one of its worst ever heatwaves, providing powerful e...
When it comes to taxing the super rich, there’s no need to reinvent the wheel
Any new tax on the rich won’t raise much money unless many of the exceptions and loopholes are dealt withIn this new era of rampaging oligarchs, nothing may seem as satisfying as slapping a tax on Elon Musk’s new trillion-dollar fortune. What most bothers Americans about federal taxes is that billio...
‘British food will disappear’: trade deal after Brexit is hitting UK farmers hard
Home-grown food may become a niche product for wealthy in our supermarkets as British farmers’ incomes plummetFor Liz Webster, who farms 647 hectares (1600 acres) in Wiltshire, south west England, the latest impact of Brexit has been particularly brutal. About £400 per animal has been wiped off the ...
Ocado boss Tim Steiner’s near £100m in pay raises ‘serious concerns’
Reports claim replacement being lined up for co-founder amid concern over high pay and company’s struggling share priceThe boss of Ocado has collected nearly £100m since the online grocery company floated on the stock market in 2010 despite its share price now languishing below its flotation level, ...
Nearly 1 million bottles of heart and kidney medication recalled over foreign substance found on tablets
Amgen recalled nearly one million bottles of Corlanor and Sensipar tablets after unexpected foreign matter was found on tablet surfaces during sampling.
‘Tech firms are losing the public’: social media age bans near tipping point
UK is latest country to set minimum age for social media access but big tech is fighting back globally against curbsSocial media bans go global: big tech faces a reckoning after Australia’s crackdownArturo Béjar, a former employee turned whistleblower at Mark Zuckerberg’s Meta, has talked to parents...
Rising cost of insuring against climate crisis will have wider knock-on effects for UK economy | Heather Stewart
As extreme weather events become more common, economists say government will need to take more active role to protect consumersAnyone attempting to notch up a productive day’s work in the searing heat of southern England this last week was left in little doubt about the impact of extreme weather.But...
Governor Kundi calls for joint efforts to secure KP’s share under NFC
CHARSADDA: Governor Faisal Karim Kundi has called for a united political effort to secure Khyber Pakhtunkhwa’s constitutional and financial rights, including a fair share under the National Finance Commission Award. Speaking to party workers, elders and journalists during a visit to the residence of...
Will Andy Burnham ‘go big’ in expanding the role of the state?
In the first of a series on nationalisation, we look at the critical tests ahead for the PM-in-waiting, from choosing a chancellor to the future of Thames WaterAs he swept towards victory in the Makerfield byelection, Andy Burnham told voters he wanted to see “the essentials of life being run primar...
Lost your crypto access code? Be wary, there‘s a scam for that too
A niche type of fraud is lucrative enough for criminals to set up fake websites with dodgy software to harvest your dataAfter holding them for a few years, you have decided it is time to cash in your cryptocurrency holdings. The problem is, it is so long since you set up the digital wallet which man...
Labour has abandoned the missions that brought it to power. Here's how Burnham could revive them. | Mariana Mazzucato
With a new prime minister incoming, Labour faces a fundamental question about its economic visionAs Keir Starmer stands down as prime minister and attention turns toward Andy Burnham, the current moment should not be reduced to a story of personalities. The question that matters is strategy, and the...