Bangladesh’s garment industry, the second-largest in the world after China, is emerging as a key beneficiary of shifting trade winds as U.S. tariffs redirect sourcing away from traditional giants. With Washington imposing new duties on imports from China and India, American buyers are increasingly turning to Bangladesh for apparel orders, injecting new momentum into the…
Japanese automakers are beginning to raise prices for U.S. consumers in response to higher tariffs imposed under the Trump administration, marking a significant shift in strategy after months of absorbing costs. The move comes as export prices from Japan to the United States rose for the first time in six months, signaling the start of…
IKEA, the Swedish home furnishings giant, is reshaping its strategy for the Indian market with a bold expansion plan that combines smaller, city-friendly outlets with large-scale supply chain investments. The shift marks a departure from the brand’s traditional reliance on massive, warehouse-style stores, signaling its intent to adapt to India’s dense urban environments and fast-evolving…
The Indian government is preparing to impose a nationwide ban on online betting games, citing mounting concerns over their potential to fuel addiction, compulsive behavior, and financial distress. The move, which could reshape the future of the country’s booming online gaming sector, underscores the tension between rapid industry growth and the state’s responsibility to safeguard…
The West Midlands’ business, professional and financial services (BPFS) sector is at the heart of Mayor Richard Parker’s ambitious plans to reignite the regional economy and create thousands of well-paid jobs for local people. Already the UK’s largest BPFS cluster outside London, the sector boasts 48,000 firms employing more than 342,000 people across banking, legal…
The University of Birmingham has announced plans to sell two sections of its Selly Oak campus, signaling a major step in its long-term development strategy for the area. The land, acquired by the university in 2001, includes several heritage buildings that are currently vacant, offering potential for both residential and commercial development. Erica Conway, Chief…
Birmingham’s social housing sector has received a significant boost with the expansion of Niyaa People. This city-based recruitment agency has grown into one of the UK’s leading suppliers of talent to housing associations. With the backing of Business Growth West Midlands (BGWM), the company is set to double its workforce and deepen its contribution to…
WH Smith shares plunged 42% on Thursday, marking one of the company’s worst single-day declines on record, after it revealed an accounting error that led to an overstatement of profits in its North American division. The London-listed retailer, which now operates primarily as a travel-focused brand in airports, railway stations, hospitals, and service stations, admitted…
The UK’s steel industry has been rocked by a seismic development after the nation’s third-largest steelworks was placed under government control, putting the future of nearly 1,500 workers in Rotherham and Sheffield into uncertainty. The ruling came after insolvency courts granted a compulsory winding-up order against Speciality Steels UK (SSUK), part of Liberty Steel –…
Wholesale prices in the United States jumped sharply in July, highlighting the growing impact of new tariffs on the economy and fueling concerns about inflation in the months ahead. The Labor Department reported that the producer price index (PPI), which measures the average selling price received by US producers, rose 0.9% from June to July—its…
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