Business & Economy

Global markets face turmoil as Hormuz crisis deepens

Published: 04 March 2026. The English Chronicle Desk. The English Chronicle Online. The atmosphere across international trading floors remains incredibly tense as global markets continue to experience a significant and worrying downturn this Wednesday. Investors are reacting with deep skepticism toward recent attempts by the United States to stabilize the volatile situation. Even though Donald Trump has pledged military support to protect vital shipping lanes, his words have not calmed...

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Peak Greggs fears as profits tumble sharply

Published: 03 March 2026. The English Chronicle Desk. The English Chronicle Online. The phrase Peak Greggs is echoing across the high street this week. Investors are questioning whether Peak Greggs has quietly arrived after slowing growth. The bakery giant Greggs revealed a sharp fall in annual profits. The figures have reignited debate about the limits of its remarkable expansion. The company reported statutory pre-tax profits of £167.4 million. That represents...

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Grocery Inflation Rises Amid War Fears

Published: 03 March 2026. The English Chronicle Desk. The English Chronicle Online. Grocery inflation has risen unexpectedly across the UK, unsettling households already facing tight budgets. The latest figures show grocery inflation climbing to 4.3 percent in February. This marks a reversal after four consecutive months of steady decline. The change has revived concerns about rising living costs this spring. Analysts warn that grocery inflation could worsen if geopolitical tensions...

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Bars Close and Hundreds Lose Jobs as US Firm Buys BrewDog in £33m Deal

Published: March 3, 2026 . The English Chronicle Desk . The English Chronicle Online In a stark illustration of the turmoil facing parts of Britain’s hospitality and brewing sectors, iconic Scottish craft beer company BrewDog has been acquired by a United States‑based beverages and cannabis firm in a deal worth £33 million. The takeover — confirmed this week — has led to the closure of dozens of BrewDog’s bars across the...

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The Little Town Making Nearly All of China’s Lanterns

Published: March 3, 2026 . The English Chronicle Desk . The English Chronicle Online In a quiet corner of northern China, far from the bustling metropolises, lies a small town whose name has become synonymous with one of the nation’s most enduring cultural symbols: the lantern. This unassuming settlement has developed over decades into a manufacturing powerhouse whose workshops and family‑run stalls produce the vast majority of the lanterns seen...

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UK Firms Warned of Rising Iran Cyber Threats

Published: 03 March 2026. The English Chronicle Desk. The English Chronicle Online. UK businesses operating in the Middle East have been warned of escalating cyber threats from Iran. The National Cyber Security Centre (NCSC) emphasised that companies with offices or supply chains in the region face an almost certain risk of indirect cyber attacks. Despite the devastating US-Israeli bombing campaign, which significantly weakened Iran’s leadership and resulted in the death...

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UK Firms Warned of Rising Iran Cyber Threats

Published: 03 March 2026. The English Chronicle Desk. The English Chronicle Online. UK businesses operating in the Middle East have been warned of escalating cyber threats from Iran. The National Cyber Security Centre (NCSC) emphasised that companies with offices or supply chains in the region face an almost certain risk of indirect cyber attacks. Despite the devastating US-Israeli bombing campaign, which significantly weakened Iran’s leadership and resulted in the death...

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India and Canada Reset Ties with Landmark Nuclear Energy Deal

Published: 3 March 2026. The English Chronicle Desk. The English Chronicle Online India and Canada have taken a significant step toward revitalising bilateral relations with the signing of a landmark nuclear energy cooperation agreement, marking a reset in ties that had been strained in recent years. The centrepiece of the renewed partnership is a long‑term uranium supply deal valued at approximately $2.6 billion Canadian dollars, under which Canada’s Cameco Corporation will...

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Gulf shipping crisis as war risk cover pulled

Published: 03 March 2026. The English Chronicle Desk. The English Chronicle Online. The Gulf shipping crisis has deepened after leading maritime insurers cancelled war risk cover across the region. The decision follows intense airstrikes by the United States and Israel on Iran, which have sharply escalated tensions in the Middle East. The cancellations have shaken global shipping markets and triggered fresh concern among traders and governments. Industry experts warn that...

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Rachel Reeves Faces Middle East Conflict Test

Published: 03 March 2026. The English Chronicle Desk. The English Chronicle Online. Rachel Reeves faces a defining moment as Middle East conflict rattles fragile economic optimism across Britain. The Middle East conflict has sent energy markets soaring, threatening her plans to tame inflation and revive growth. Economists warn that rising oil and gas prices could quickly derail the stability she hopes to project today. As the Chancellor prepares her spring...

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