Business & Economy

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...

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...

Published: 06 February 2026. The English Chronicle Desk. The English Chronicle Online. In an unprecedented shift within Norway’s automotive market, petrol car sales collapsed to just seven vehicles in January, underscoring the dramatic rise of electric vehicle adoption across the Scandinavian nation and beyond. The astonishingly low petrol car tally juxtaposed against thousands of battery electric vehicles highlights a transformation once seen as distant now unfolding at full speed. The...

Published: 06 February 2026. The English Chronicle Desk. The English Chronicle Online. UK home price reached a record £300,077 in January, Halifax confirmed, highlighting rising housing costs. This milestone comes as property values climbed 0.7% month on month, marking the fastest growth since November 2024. Annual house price growth was 1%, showing the housing market recovering steadily after a slower period before Christmas. While Halifax reported the £300,000 benchmark, Nationwide...

Published: 06 February 2026. The English Chronicle Desk. The English Chronicle Online. Barclays has reportedly ended its relationship with Global Counsel following mounting scrutiny around the firm’s co-founder Peter Mandelson. The decision comes after renewed attention on Mandelson’s past connections with Jeffrey Epstein triggered political and corporate concern across Britain. The Global Counsel matter has rapidly shifted from a reputational issue into a wider governance debate among major UK institutions....

Published: 04 February 2026. The English Chronicle Desk. The English Chronicle Online At the Singapore Airshow, where the global aviation industry gathers to showcase its latest ambitions, familiar giants dominate much of the floor. Scale models of the Airbus A320neo and Boeing 737 MAX sit beneath gleaming lights, surrounded by mock cockpits, immersive simulations and promises of greater efficiency. Yet amid these established heavyweights, one stand has been drawing particular...

Published: 03 February 2026. The English Chronicle Desk. The English Chronicle Online. The Reserve Bank’s cash rate decision has sent mortgage holders across Australia into immediate concern, as borrowing costs are set to rise sharply. The RBA increased the cash rate to 3.85%, up from 3.6%, marking the first rate hike in more than two years and signalling potential further increases if inflation remains elevated. This rate adjustment reflects the...

Published: 03 February 2026. The English Chronicle Desk. The English Chronicle Online. The European Union has shown an open mind on UK customs union discussions, signalling potential for closer trade ties. In comments to the BBC, EU economy commissioner Valdis Dombrovskis confirmed the bloc was ready to engage constructively with the UK, highlighting the possibility of a customs union as part of broader economic discussions. The focus on a customs...

Published: 03 February 2026. The English Chronicle Desk. The English Chronicle Online. The latest Riverford sales figures show strong growth as the UK organic food sector records its biggest expansion in twenty years. Riverford sales increased by six percent over the past financial year, reflecting changing consumer habits and rising trust in organic suppliers. The employee-owned delivery company reported higher customer demand, larger basket sizes, and steady repeat orders across...