Business

Courtney SargentBBC News, Guernsey, Sark BBC Rosemary Barum says she will need to turn off freezers in the shop to help combat price increases A Sark shop worker says she will have to turn off some of the store’s freezers due to electricity prices almost doubling. Sark Electricity Limited (SEL) has said from Monday, fees will rise to £1.16 per …

Neve Gordon-FarleighBBC News, Norfolk Getty Images The Lotus factory has been based in Hethel since the 1960s Sportscar manufacturer Lotus is to cut 550 jobs at its UK headquarters in Norfolk, the BBC understands. Lotus, which is based at Hethel, near Wymondham, had previously denied reports that it was to close its factory there and set up a new plant …

Pritti MistryBusiness reporter, BBC News Ford The first electric car (EV) models eligible for the £3,750 discount under the government’s grant scheme have been announced. The Department for Transport confirmed Ford’s Puma Gen-E or e-Tourneo Courier would be discounted as part of plans to encourage drivers to move away from petrol and diesel vehicles. Under the grant scheme, the discount …

In March, when Trump escalated trade tensions with China, Beijing initiated discreet diplomatic communications with India. (AI image) US President Donald Trump’s global tariff war has had one major consequence – India and China, the world’s second and fifth largest respectively – are growing closer, with focus on trade ties. The development is significant since ties between the two neighbouring …

The government on Thursday announced a three-month extension for duty-free cotton imports, allowing the benefit to continue until December 31 to aid textile exporters hit by 50 percent US tariffs.“In order to support exporters further, the Central government has decided to extend the import duty exemption on cotton (HS 5201) from 30th September 2025 till 31st December 2025,” the finance …

Sales of British-made cars to the US rose in July following the introduction of the UK-US tariff deal. The 6.8% rise follows three months in a row of falling sales, according to data from the Society of Motor Manufacturers and Traders (SMMT). US President Donald Trump initially proposed a 25% import tax on UK cars in April, which sent shockwaves …

Kevin Hassett (Image: X@/ani_digital) Donald Trump’s 50 percent tariffs on Indian exports to the US took effect on Wednesday, with White House officials linking the move to both trade disputes and geopolitical tensions.US national economic council director Kevin Hassett described the India-US relationship as “complicated,” citing India’s “intransigence” to open its markets to American products and its continued purchase of …

BBC Euginia Nobrega works night shifts in order to look after her child in the school break Parents in Guernsey said they have had to adjust their working hours or take extended periods of leave in order to afford childcare costs in the summer holidays. A recent report found summer holiday clubs, which cover Britain’s six-week school break, cost parents …

Peter Whittlesea BBC News, Whitstable Patrick Barlow BBC News, South East Peter Whittlesea / BBC Parents say they are increasingly turning to pre-worn school uniform to avoid paying up to £150 at the beginning of the school year Parents say a school uniform recycling programme is a “lifesaver” as they face paying hundreds to kit out their children for the …

Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Thursday a day after 50% US tariffs came into effect on India. While Nifty50 went below 24,550, BSE Sensex dropped over 600 points. At 9:27 AM, Nifty50 was trading at 24,539.05, down 173 points or 0.70%. BSE Sensex …