Business & Economy

Published: 07 October 2026. The English Chronicle Desk. The English Chronicle Online Royal Mail is planning to cut up to 2,500 jobs as part of a major restructuring programme aimed at reducing costs and simplifying its operations amid intense competition and a long-term decline in traditional letter deliveries. The postal service said the proposed reductions would mainly affect head office positions and other support-function roles. The restructuring is expected to...

Published: 07 October 2026. The English Chronicle Desk. The English Chronicle Online London has long enjoyed a reputation as one of the world’s most attractive destinations for billionaires and other ultra-high-net-worth individuals, combining financial influence, luxury, culture and international connectivity with a tax environment that historically offered considerable advantages to wealthy foreign residents. But a growing number of departures and complaints from some of Britain’s richest people are raising questions...

Published: 07 October 2026. The English Chronicle Desk. The English Chronicle Online Shell is expecting its refineries to generate almost twice as much profit from each barrel of fuel produced during the third quarter of 2026, as severe supply shortages and disruptions to refining capacity drive fuel prices to unprecedented levels. The energy giant has forecast refining margins of around $42 a barrel for the period from July to September,...

Published: 07 October 2026. The English Chronicle Desk. The English Chronicle Online UK house prices remained virtually unchanged in September as higher mortgage costs, stretched affordability and wider economic uncertainty continued to weigh on the housing market, according to a major property price index. The average price of a UK home stood at £298,441 during September, broadly unchanged from both the previous month and the same period a year earlier....

Published: 07 October 2026. The English Chronicle Desk. The English Chronicle Online. Samsung Electronics is heading towards what could become one of its strongest quarterly performances in years, as the rapid expansion of artificial intelligence infrastructure continues to drive extraordinary demand for advanced memory chips. The South Korean technology giant is expected to report a dramatic increase in operating profit for the third quarter of 2026, reflecting the powerful recovery...

Published: 07 October 2026. The English Chronicle Desk. The English Chronicle Online. Two miles off the coast of Gdańsk, Poland, a major transformation of the country’s energy system is taking shape on the Baltic Sea. Steel structures, construction vessels and offshore equipment are becoming part of an infrastructure project that reflects a much wider European effort to reduce dependence on vulnerable energy supplies and strengthen resilience against geopolitical shocks. At...

Published: 07 October 2026. The English Chronicle Desk. The English Chronicle Online Jaguar has unveiled its new Type 01 electric vehicle in New York, launching one of the most ambitious and closely watched stages of the British luxury carmaker's transformation as it seeks to attract a younger and wealthier generation of customers. The striking new electric model is designed primarily with affluent American buyers in mind and represents a dramatic...

Published: 07 October 2026. The English Chronicle Desk. The English Chronicle Online. European Union trade negotiators are travelling to China for two days of high-level discussions aimed at finding a practical way to reduce the growing flow of relatively cheap hybrid electric vehicles into the European market. The talks come at a sensitive moment in EU-China economic relations, as several member states increasingly fear that rapidly rising Chinese exports could...

Published: 06 October 2026. The English Chronicle Desk. The English Chronicle Online. Plans for a major datacentre at Drax’s North Yorkshire power station have come under renewed environmental scrutiny after campaigners estimated that the facility could be responsible for around 8.6 million tonnes of carbon dioxide emissions each year if it operates at its proposed scale. The analysis suggests the planned project could generate almost twice the annual carbon emissions...

Published: 06 October 2026. The English Chronicle Desk. The English Chronicle Online. Online fashion retailer Asos has launched an investigation after thousands of customers received a disturbing mobile notification claiming that hackers had gained full access to the company’s data. The unexpected alert, which appeared directly on users’ phones, triggered immediate concern among shoppers and sent the company’s shares sharply lower as questions grew over whether a significant cyberattack had...