Business & Economy

Published: 10 February 2026. The English Chronicle Desk. The English Chronicle Online. South Korea’s crypto exchange Bithumb is working urgently to recover the massive Bithumb bitcoin mistake that occurred last week during a promotional event. The incident, which mistakenly credited customers with 620,000 bitcoins, has left the exchange facing potential financial and legal complications. Bithumb confirmed it corrected most erroneous credits but still faces challenges recovering approximately 13bn won after...

Published: 10 February 2026. The English Chronicle Desk. The English Chronicle Online. A subtle yet powerful shift in European travel behaviour is reshaping global tourism patterns and sparking industry debate this year. The trend away from the United States as a preferred holiday destination has become unmistakable, prompting major travel operators and analysts to reassess long‑haul demand and forecast future travel flows. The travel shift away from the US emerged...

Publishing Date: 10 February 2026Desk: Business & Economy Desk A major UK clothing company has collapsed into administration, putting 109 jobs at risk and sending shockwaves through the retail sector. The firm, known for its high street presence and popular seasonal collections, cited financial pressures and declining sales as key factors behind the sudden insolvency. The UK clothing firm collapses news underscores the ongoing struggles faced by retail businesses amid...

Published: 10 February 2026. The English Chronicle Desk. The English Chronicle Online. Telstra AI jobs changes are reshaping the telecom giant’s workforce after the company confirmed plans to cut more than 200 roles as part of a major artificial intelligence rollout and global restructuring plan. The decision follows a previously announced $700 million joint venture with Accenture, designed to modernise systems, accelerate data programs, and embed advanced automation across core...

Publishing Date: 10 February 2026Desk: Business & Trade Desk The United States has announced it will exempt certain Bangladeshi clothing exports from tariffs, a move that could provide a welcome boost to the South Asian country’s struggling garment sector. The decision, aimed at easing trade tensions and supporting economic recovery, has been hailed by industry groups in Bangladesh as a step toward sustaining jobs and improving competitiveness in the global...

A growing row has erupted at David Lloyd leisure clubs across the UK following the introduction of a controversial premium membership option that allows customers to bypass queues and gain priority access to facilities — at a reported cost of up to £140 per month. The so-called “queue-jumping” pass has sparked anger among existing members, many of whom already pay significant monthly fees, and has reignited wider debates around fairness,...

London talent drain? London, long regarded as the beating heart of career ambition in the UK, is facing a surprising challenge: its ability to attract and retain young talent appears to be waning. Recent trends suggest that an increasing number of ambitious graduates and early-career professionals are seeking opportunities outside the capital, raising questions about London’s role as the nation’s economic and cultural hub. Experts point to a combination of...

The British pound fell sharply against major currencies this week, while borrowing costs surged, as political instability surrounding Labour leader Sir Keir Starmer intensified. The combined impact of market turbulence and leadership uncertainty has reignited concerns about the UK’s economic stability, investor confidence, and the political fate of Starmer himself. Sterling experienced one of its worst sessions in recent months, dropping against the US dollar and the euro amid heightened...

Published: 09 February 2026. The English Chronicle Desk. The English Chronicle Online. The UK export of carbon fibre machinery has sparked fresh concern among experts and sanctions analysts. Carbon fibre machinery, pivotal in both civilian and defence sectors, is set to be exported by Cygnet Texkimp to Armenia. Critics fear this could indirectly benefit Russia’s military programs due to leadership ties between the Armenian firm Rydena and former executives of...

Published: 09 February 2026. The English Chronicle Desk. The English Chronicle Online. NatWest has confirmed its purchase of Evelyn Partners in a £2.7bn deal, marking the bank’s largest acquisition since its 2008 taxpayer bailout. This earned settlement acquisition aims to strengthen NatWest’s wealth management services, extending its reach alongside Coutts and other private banking operations. Analysts note the earned settlement purchase positions NatWest to compete more aggressively with rivals in...