Business & Economy

Published: 02 March 2026. The English Chronicle Desk. The English Chronicle Online. Oil prices surged sharply on Monday as the escalating Iran war rattled global financial markets. Investors reacted swiftly after coordinated strikes by the United States and Israel intensified tensions across the Middle East. The sudden spike in oil prices and the slump in major stock indices signalled deep anxiety about the global economy. Traders fear prolonged disruption to...

Published: 02 March 2026. The English Chronicle Desk. The English Chronicle Online. UK house prices rise in February as the property market shows renewed resilience. The latest figures suggest confidence is returning after months of caution. Fresh data from Nationwide Building Society indicates steady momentum across much of the country. Buyers appear less anxious about sudden fiscal shocks than last autumn. The average home now costs £273,176, marking a modest...

Published: 02 March 2026. The English Chronicle Desk. The English Chronicle Online. The UK hotel data sharing probe has sent ripples across the global hospitality sector this week. Britain’s competition watchdog has launched a formal investigation into three of the world’s largest hotel groups. The inquiry centres on concerns that competitively sensitive information may have been shared between rival firms. Regulators stress that no conclusions have yet been reached. However,...

Published: 2 March 2026 . The English Chronicle Desk.The English Chronicle Online India and Canada agreed on a suite of strategic economic and diplomatic measures during Canadian Prime Minister Mark Carney’s official visit to India, marking a significant reset in ties with Prime Minister Narendra Modi. The talks in New Delhi and progress on long-stalled cooperation reflect intentions to deepen bilateral relations after years of diplomatic strain. At the centre...

Published: 2 March 2026The English Chronicle DeskThe English Chronicle Online The government has unveiled fresh proposals aimed at tightening transparency rules around corporate ownership, in a move designed to curb money laundering, fraud and the misuse of shell companies. The plan would require stronger verification of individuals who ultimately control or benefit from companies registered in the UK, with expanded powers for regulators to publish and scrutinise ownership data. At...

Published: 2 March 2026The English Chronicle DeskThe English Chronicle Online Aston Martin, the iconic British luxury carmaker, faces a pivotal period of transformation as it seeks to remain competitive in an industry undergoing rapid change. Shifts in consumer expectations, tightening emissions regulations and the acceleration of electrification are forcing the company to rethink its product strategy, market positioning and long‑term business model. One of the most pressing challenges for Aston Martin is...

Published: 3 March 2026The English Chronicle DeskThe English Chronicle Online Air travellers around the world are facing major disruption as flights have been cancelled, rerouted and delayed following a wave of military strikes by Iran and escalating conflict involving the United States and Israel. Major airspaces across the Middle East have been closed or severely restricted, prompting airlines to cancel thousands of flights, leave passengers stranded and airlines and governments to issue...

Published: 02 March 2026. The English Chronicle Desk. The English Chronicle Online. The debate over OBR reform has intensified as the spring forecast approaches. An unusual alliance of thinktanks is urging Chancellor Rachel Reeves to rethink the powers and purpose of the Office for Budget Responsibility. They argue that without meaningful OBR reform, Britain risks underinvesting in its future at a critical economic moment. The intervention comes just days before...

Published: 2 March 2026The English Chronicle DeskThe English Chronicle Online Global oil prices climbed sharply this week after a series of attacks on ships near the strategically vital Strait of Hormuz and growing fears that the ongoing Middle East conflict could disrupt energy supplies. The narrow shipping corridor, through which roughly 20 per cent of the world’s crude oil is transported, has seen tanker traffic grind to a halt and...

Published: 27 February 2026. The English Chronicle Desk. The English Chronicle Online. The British hobby landscape experienced a seismic shift this morning following a major corporate announcement. Hornby has officially sold its iconic slot car brand, Scalextric, for a total of £20 million. This landmark deal marks the end of an era for the historic Kent-based model manufacturer. The buyer is Purbeck Capital Partners, a firm led by a highly...