Business & Economy

Published: 20 November 2025 Thursday . The English Chronicle Desk. The English Chronicle Online Nvidia, the world’s most valuable company and the undisputed engine behind the global artificial intelligence revolution, once again shattered Wall Street expectations on Wednesday as the chipmaker reported extraordinary quarterly figures that left investors both relieved and exhilarated. At a time when markets have been rattled by concerns of an overheated AI sector, Nvidia’s performance not...

Published: 19 November 2025 Wednesday . The English Chronicle Desk. The English Chronicle Online The UK government has confirmed that it will not step in with financial support to keep ExxonMobil’s Mossmorran operations alive, a decision that is expected to reshape the industrial landscape of Fife and send shockwaves through a community long reliant on petrochemical employment. Speaking in the House of Commons on Tuesday evening, Business Minister Chris McDonald...

Published: 18 November 2025 Tuesday. The English Chronicle Desk. The English Chronicle Online Canada’s parliament has narrowly approved Prime Minister Mark Carney’s first federal budget, allowing his minority Liberal government to avoid an early election. The fiscal plan, projected to raise Canada’s deficit to C$78 billion ($55.3 billion; £42.47 billion), passed with 170 votes in favour and 168 against. The budget’s approval relied on key support from opposition MPs, notably...

Published: 17 November 2025 Monday. The English Chronicle Desk. The English Chronicle Online China’s aggressive investment strategy in the United Kingdom over the past two decades has granted it access to cutting-edge technology with potential military applications, according to a BBC Panorama investigation. The spending spree, worth an estimated £45 billion ($59 billion) at 2023 prices, accelerated after a 2015 Chinese state directive aimed at positioning Beijing as a global...

Published: 14 November 2025. The English Chronicle Desk. The English Chronicle Online. Global markets fell sharply after a sell-off in technology stocks and alarming economic data from China signalled a slump in investment, rattling investors worldwide. The FTSE 100 opened down 1.1%, shedding roughly 100 points as major banking stocks, including Barclays, Lloyds, and NatWest, fell between 3% and 3.5%. The index now stands at 9,705, retreating from its recent...

Published: 14 November 2025. The English Chronicle Desk. The English Chronicle Online. Financial markets reacted sharply on Friday morning after the chancellor, Rachel Reeves, abandoned plans to raise income tax in the upcoming budget, prompting renewed concerns about the government’s fiscal strategy and its grip on economic stability. Within hours of the surprise U-turn, UK borrowing costs rose at their fastest pace in more than four months, while the pound...

Published: 14 November 2025. The English Chronicle Desk. The English Chronicle Online In a significant development for US-Latin America trade relations, former President Donald Trump has announced plans to ease tariffs on coffee, bananas, and other key agricultural products imported from the region. The move comes amid rising consumer concern over food prices and follows a disappointing performance for the Republican Party in recent off-year elections, which appears to have...

Published: 14 November 2025. The English Chronicle Desk. The English Chronicle Online Swiss ministers and business leaders have descended on Washington in a high-stakes effort to persuade the Trump administration to reduce the punitive 39% tariffs imposed on Switzerland’s exports to the United States, the steepest levies in Europe. The tariffs, introduced under former President Donald Trump, have hit the Swiss economy hard, affecting a range of industries from luxury...

Published: 13 November 2025. The English Chronicle Desk. The English Chronicle Online. An art gallery with which Princess Eugenie is associated has been charged with allegedly breaching sanctions on Russia, marking what is thought to be the first prosecution under the UK’s legal restrictions on luxury exports to the country. The Westminster magistrates’ court heard on Wednesday that Hauser & Wirth, an international art gallery of which Eugenie has been...

Published: 13 November 2025. The English Chronicle Desk. The English Chronicle Online The United States is striking its last one-cent coins at the Philadelphia Mint this Wednesday, bringing an end to over 230 years of penny production. While pennies will remain in circulation, the decision has already led businesses to adjust pricing strategies as coins become increasingly scarce. The government says ending production will save money, with President Donald Trump...