UK borrowing costs surge to highest since 2008 as gilt yields hit 5%, driven by energy price spikes and inflation fears linked to Middle East conflict. Read more: UK borrowing costs hit highest level since 2008 as markets reel from energy shock
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Turo is expanding in London targeting former Zipcar users with a capital-light peer-to-peer model, as traditional fleet-based car clubs struggle with rising costs. Read more: Truro targets former Zipcar users with capital-light expansion in London
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UK borrowing jumps to £14.3bn, raising concerns over limited government capacity to support households as energy bills rise amid Middle East tensions. Read more: Surge in UK borrowing limits scope for energy bill support as fiscal pressures mount
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UK aims to produce 50% of its steel domestically as import quotas are cut and a 50% tariff introduced, sparking industry support and political criticism. Read more: UK sets 50% domestic steel target as tariffs ramp up on imports
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Electric vessel maker Candela secures €30m funding to scale hydrofoil ferry production as rising oil prices accelerate demand for zero-emission maritime transport. Read more: Candela raises €30m as electric ferries gain momentum amid fuel price surge
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UK individual insolvencies have surged 18% year-on-year, with experts warning households are at breaking point as high interest rates, inflation and debt pressures intensify. Read more: Individual insolvencies surge 18% as experts warn households are at ‘breaking point’
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UK manufacturers warn of collapsing domestic orders and rising costs, with firms raising prices at the fastest pace since 2023, according to Make UK. Read more: UK factories hit by ‘collapse’ in orders as costs surge across manufacturing sector
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Rising petrol and diesel prices could force one in ten drivers to reduce hospital visits, according to a FairFuelUK survey of 37,000 motorists warning of wider economic impact. Read more: Fuel price surge could force one in ten drivers to cut hospital visits, survey warns
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Jet fuel prices, which were around $85 to $90 per barrel before US-Israeli strikes on Iran, have soared to between $150 and $200 The post Airlines raise fares as Middle East conflict lifts fuel costs, disrupts flights appeared first on Gulf Business.
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Porsche, a subsidiary of Volkswagen, forecast a group operating return on sales in the range of 5.5 per cent to 7.5 per cent in 2026 The post Porsche to expand sports car lineup in turnaround push appeared first on Gulf Business.
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