Business & Economy

Published: 05 August '2025. The English Chronicle Desk Diageo, the world’s leading spirits producer and owner of iconic brands such as Guinness, Johnnie Walker, and Smirnoff, has reported a sharp 28% fall in its annual operating profits. This downturn has been attributed to a combination of internal challenges, shifting consumer habits, and external economic pressures—including a looming $200 million hit from new U.S. tariffs imposed under former President Donald Trump's...

Published: 05 August '2025 | The English Chronicle Desk In an ever-evolving economic climate where financial caution is more important than ever, this week's edition of the award-winning Money newsletter brings a fresh batch of insights to help UK households make the most of their budgets — from coffee cups to child benefit deadlines. In a surprising result from a blind taste test, an own-brand instant Americano has outshone established...

Published: 05 August '2025 | The English Chronicle Online In a historic milestone for the UK space industry, the Civil Aviation Authority (CAA) has officially granted permission for the first vertical rocket launch from British soil by a domestic company. Glasgow-based Skyrora has been authorised to launch its Skylark L rocket from the SaxaVord Spaceport in the Shetland Islands, marking a significant step toward establishing sovereign UK launch capabilities. The...

Published: 04 August '2025. The English Chronicle Desk Former UK Chancellor George Osborne has raised alarm over the United Kingdom’s lagging position in the fast-evolving global cryptocurrency landscape, warning that indecision and regulatory delays could cost the country its competitive edge in the next wave of digital finance. In a strongly worded opinion article for the Financial Times, Osborne, who currently serves as an advisor to the cryptocurrency exchange Coinbase,...

Published: 04 August '2025 | The English Chronicle Desk High street banks in the United Kingdom are witnessing a dramatic shift in customer behaviour, with an estimated £100 billion in savings being redirected toward online challenger banks and building societies. The trend, attributed to more competitive savings rates offered by these digital institutions, reflects a significant erosion in the traditional banks’ dominance. Market share for major high street lenders has...

Published: 03 August '2025. The English Chronicle Online. The chief executive of Yorkshire Water, Nicola Shaw, has come under fire following revelations that she received an additional £1.3 million in undisclosed payments through an offshore parent company, Kelda Holdings, since 2023. This information, initially withheld and only disclosed after persistent media inquiries, has ignited debate over transparency, corporate ethics, and the governance of Britain’s privatized water utilities. Kelda Holdings, a...

Published: 03 August '2025. The English Chronicle Online The Bank of England appears set to deliver its fifth interest rate cut within a year as economic turbulence, rising joblessness, and fresh protectionist trade measures from the United States mount pressure on policymakers. City analysts and financial markets are forecasting a quarter-point reduction in the base rate, bringing it down to 4% when the Bank’s Monetary Policy Committee (MPC) meets this...

Published: 03 August '2025. The English Chronicle Online In a move that underscores renewed investor confidence in the UK's aviation sector, London-listed investment powerhouse ICG is reportedly finalising a major acquisition of three regional airports—Bournemouth, Exeter, and Norwich—for a combined value of approximately £200 million. Sources close to the deal indicate that a formal agreement with the current owner, Rigby Group, is expected to be signed later this month. This...

Published: 01 August 2025. The English Chronicle Online A landmark Supreme Court decision on car finance is expected today in the United Kingdom, potentially carrying vast financial consequences for banks and affecting millions of motorists who purchased vehicles through financing deals. At the heart of the case is a question of transparency: should customers be fully informed about the commissions that car dealers earn when arranging finance on their behalf?...

Published: 01 August 2025 | The English Chronicle Desk The long-standing strategic partnership between India and the United States has hit a turbulent stretch, as U.S. Secretary of State Marco Rubio described India's continued oil imports from Russia as a “point of irritation” in bilateral ties. His comments, made in an interview with Fox News Radio, follow U.S. President Donald Trump’s announcement of a potential 25% tariff on Indian goods,...