Business

Michael Buchanan Social affairs correspondent, BBC News Getty Images Government plans to speed up employment support for people affected by the changes to welfare benefits will be “undeliverable”, the BBC has been told. As part of the U-turn on welfare reforms, ministers are expected to fast-track a £1bn support plan to get people into work, which was originally scheduled for …

India on Friday banned imports of certain jute products and woven fabrics from Bangladesh through all land routes, permitting entry only via the Nhava Sheva seaport in Maharashtra, amid increasingly strained relations between the two nations.The Directorate General of Foreign Trade (DGFT), in a notification, said “Import from Bangladesh shall not be allowed from any land port on the India-Bangladesh …

Nike shares surged 15% at the opening bell Friday after the company announced a shift in production away from China, even as it warned that tariffs imposed by the Trump administration will cost it about $1 billion (roughly Rs 8,300 crore) before internal adjustments take effect.The US sportswear giant said it will begin implementing “surgical” price increases in the US …

The Employees’ State Insurance Corporation (ESIC) on Friday relaunched the SPREE scheme to bring unregistered employers and left-out workers under the ESI Act, as part of a broader push to improve compliance and reduce litigation.The Scheme to Promote Registration of Employers/Employees (SPREE), originally introduced in 2016, has so far enabled over 88,000 employers and 1.02 crore employees to enrol in …

India-US trade deal: Currently, India’s main trade representative is conducting negotiations in Washington. (AI image) India-US trade deal: The United States and India appear to be in the final stages of discussions to finalise the first-cut of the US-Indian trade deal. With US President Donald Trump’s July deadline looming, the trade deal could determine the trajectory of their economic relationship, …

Nissan is looking to cut about 250 jobs from its UK factory, as part of a global shake-up in the face of weak sales. A spokesperson confirmed a voluntary leave scheme had opened to shop floor and office staff at the Sunderland plant this week. Manufacturing staff will not be affected by the move, which is intended to “support efficiency”. …

PA Media The PM was in The Hague this week attending this year’s Nato summit, speaking at a media conference on Wednesday Sam Francis Political Reporter The government has confirmed it will make major concessions to rebels in its own party over its planned benefits reforms. Work and Pensions Secretary Liz Kendall told Labour MPs that claimants of the personal …

Shares of Adani Power climbed nearly 14% this week to hit Rs 605 on the BSE on Friday, riding on robust trading volumes and a strong technical setup.The stock rose 4.7% in intraday trade before settling at Rs 584.35, up 1.08%. As of 10:50 a.m., the total traded quantity stood at 6.96 lakh shares, with turnover touching Rs 41.44 crore. …

This is an AI-generated image, used for representational purposes only. India’s thermal coal imports from Russia surged 52 per cent in May 2025 over April, touching a two-year high of 1.3 million metric tonnes. This marks the first time since June 2023 that Russian monthly shipments to India crossed the 1-million-tonne mark, business daily Kommersant reported, citing data from the …

Labour’s original plan to reform the welfare system was a hasty effort to try to make billions of pounds of cuts to a rapidly growing bill in order to help the chancellor meet her self-imposed rules on government borrowing. But this latest U-turn raises significant questions about just how stability and credibility-enhancing it really is to tweak financial plans every …