Finance

**Published: 13 August 2026. The English Chronicle Desk. The English Chronicle Online** Bank of England Governor Andrew Bailey has warned that a sharp reversal in the booming artificial intelligence sector could contribute to a global economic downturn, while increasingly powerful AI systems could also create serious cybersecurity threats for banks and financial institutions. Bailey issued the warning to finance ministers from the G20, arguing that financial markets could be particularly...

Published: 29 August 2026.The English Chronicle Desk. The English Chronicle Online. Prime Minister Andy Burnham is heading towards his first major autumn budget under growing pressure from a combination of worsening economic conditions, strict fiscal commitments, rising defence costs and promises to ease the financial burden on households. Burnham returned to Westminster promising what he described as one of the most significant moments of political change in Britain for decades....

Published: 29 August 2026. The English Chronicle Desk. The English Chronicle Online. Millions of households across Great Britain are facing another increase in energy costs this autumn, but consumers could potentially save up to £173 a year by switching from a standard variable tariff to one of the cheaper fixed energy deals currently available. The latest increase in the energy price cap is due to take effect on 1 October,...

Published: 27 August 2026. The English Chronicle Desk. The English Chronicle Online Chief executives at some of America's largest low-paying corporations earned an average of 614 times more than their workers in 2025, highlighting a widening gap between executive compensation and ordinary employee pay, according to a new analysis by the Institute for Policy Studies. The report examined executive compensation and worker wages at the 100 S&P 500 companies with...

Published: 24 August 2026 | The English Chronicle Desk | The English Chronicle Online Small businesses on both sides of the US-Canada border are bracing for higher costs, falling sales and potential job losses after trade talks between Washington and Ottawa collapsed and both governments moved towards imposing 50% tariffs on selected goods. For some companies, the dispute threatens a large share of their business almost overnight. In Calgary, Alberta,...

Published: 17 August 2026. The English Chronicle Desk. The English Chronicle Online Fast-fashion giant Shein is targeting a valuation of almost $27bn when it makes its long-awaited debut on the Hong Kong stock exchange on 1 September, marking a major milestone for the company after years of regulatory obstacles in other major financial centres. The Singapore-headquartered retailer, which was founded in China in 2008, said it plans to offer almost...

Published: 17 August 2026. The English Chronicle Desk. The English Chronicle Online The way business rates are calculated for pubs and hotels in England and Wales is to undergo a major review, in a move that could eventually lead to significant changes in how hospitality businesses are taxed. The Treasury has appointed business rates specialist Jerry Schurder to lead the review, which will examine how properties are valued for business...

Published: 17 August 2026 | The English Chronicle Desk | The English Chronicle Online The Tata Group is preparing for a significant leadership transition after the resignation of Tata Sons chairman N Chandrasekaran, leaving one of corporate India's most influential positions vacant at a particularly challenging moment for the conglomerate. Chandrasekaran's departure has created uncertainty at the top of a business empire valued at roughly $300bn, with interests ranging from...

Published: 15 August 2026.The English Chronicle Desk. The English Chronicle Online. Weight-loss medication may reduce grocery spending, but only the highest earners appear likely to save enough on food to offset the cost of the drugs, according to an analysis that has raised concerns about growing inequality in access to obesity treatments. Research by consultancy Baringa found that people taking GLP-1 weight-loss medication would generally spend less on food, but...

Published: 11 July 2026. The English Chronicle Desk. The English Chronicle Online. The proposed takeover of easyJet by American investment giant Apollo has triggered widespread debate across the aviation industry, raising concerns that Britain's largest airline could soon prioritise financial engineering over passenger experience. While shareholders are celebrating a higher offer and the prospect of stronger returns, industry experts warn that travellers may ultimately bear the cost if one of Europe's...