Business & Economy

Published: March 10, 2026The English Chronicle DeskThe English Chronicle Online A Rangers hero has spoken warmly about a memorable conversation with businessman Andrew Cavenagh, describing the club investor as an “imposing” figure whose words left a lasting impression during a relaxed meeting over a glass of wine. The former Rangers star recalled the encounter while discussing the growing ambitions surrounding the Glasgow club and the influence that major investors can...

Published: March 10, 2026The English Chronicle DeskThe English Chronicle Online A sudden surge in global oil prices following escalating military conflict involving the United States and Israel in Iran is beginning to reverberate across the world economy. The disruption of energy supplies from the Gulf region has triggered a sharp rise in oil and gas prices, unsettling financial markets and raising concerns about inflation, supply shortages, and economic slowdown in...

Published: 10 March 2026 The English Chronicle Desk The English Chronicle Online — Business News One of Scotland’s best‑known lighting retailers has collapsed into administration, forcing the closure of 11 stores and leaving 70 employees redundant. Pagazzi Lighting, headquartered in Thornliebank, Glasgow, has been a fixture of the high street for nearly 45 years, specialising in decorative lighting, mirrors, and home furnishings. But rising costs, declining footfall, and sustained poor...

Published: 10 March 2026 The English Chronicle Desk The English Chronicle Online — World News US President Donald Trump has issued his most severe warning yet to Iran, vowing that the country would be struck “TWENTY TIMES HARDER” if it attempts to block oil shipments through the Strait of Hormuz. The statement, delivered via social media late Monday, comes as global oil prices surge past $119 a barrel amid escalating...

Published: 10 March 2026 The English Chronicle Desk The English Chronicle Online — UK News The war in Iran has dominated headlines for nearly two weeks, but its ripple effects are now being felt in Britain in a way that is impossible to ignore: the cost of living crisis has once again been thrust centre stage. BBC political editor Chris Mason reports that while the Foreign Office is consumed with...

Published: 10 March 2026 The English Chronicle Desk The English Chronicle Online — Business & Economy China’s export machine has roared back to life in the opening months of 2026, defying trade tensions with Washington and surging far beyond economists’ expectations. Official figures released in Beijing show that exports jumped by more than 20% in January and February, nearly three times the rate predicted by analysts. The performance puts the...

Published: 10 March 2026. The English Chronicle Desk. The English Chronicle Online. The UK’s multibillion-pound AI drive is facing growing scrutiny over phantom investments. Since 2024, the government has highlighted large-scale deals aiming to establish datacentres, supercomputers, and thousands of jobs across the country. These announcements have been central to promises of “mainlining AI into the veins” of the economy, promoting the idea that Britain could become a global AI...

Published: 9 March 2026 The English Chronicle Desk The English Chronicle Online — UK News As the conflict between Iran, the United States, and Israel intensifies, UK motorists are being urged to make immediate changes to their driving habits amid warnings that fuel prices are set to soar to levels not seen in years. With Brent Crude oil surging past $100 a barrel for the first time since 2022, experts...

Published: 9 March 2026 The English Chronicle Desk The English Chronicle Online — World For millions of cocoa farmers across West Africa, the global chocolate industry has long been both a lifeline and a trap — a sector worth billions, yet one that leaves those at the bottom of the chain struggling to survive. Today, as the international cocoa market slumps, the crisis has deepened into a humanitarian emergency. Farmers...

Published: 9 March 2026 The English Chronicle Desk The English Chronicle Online — UK News Chancellor Rachel Reeves has been thrust into the centre of an escalating economic emergency as global markets continue to plunge, oil prices surge, and fears mount that Britain is heading into a period of severe financial instability. While the war in Iran has triggered immediate shockwaves across the world economy, senior Treasury officials now warn...