News | Latest Breaking News Stories & Headlines

Nike plans to cut more jobs and shake up its global business divisions after it projected a surprisingly steep drop in full-year revenue

Nike plans more job cuts to boost sputtering turnaround

Nike is deepening its restructuring under CEO Elliott Hill as its woes in China intensify, announcing a plan to cut more jobs and shake up its global business divisions after the sportswear giant projected a surprisingly steep drop in full-year revenue.

Business • 15 mins

a blue Volvo vehicle parked in front of a Volvo showroom

Volvo Cars warns of weaker sales, cash flow

Sweden-based Volvo Cars said today it will not fulfil its previous full-year outlook statements on volume and cash flow due to an increasingly challenging market situation and deteriorating near term outlook.

Business • 16 mins

Oil prices rise $3 as China suspends fuel exports

Brent benchmark oil prices rose by $3 today after China suspended oil products exports, potentially tightening fuel markets already coping with supply shortages globally, while investors continued to assess diplomatic efforts to end the US-Israeli war on Iran.

Business • 17 hrs

The recall affects VW's Tiguan, Touran, Golf and Caddy vehicles built between 2013 and 2024, and Audi models built from 2017 to 2024

Volkswagen announces global recall of almost 3m cars

German car giant Volkswagen has confirmed a recall of around 2.86 million vehicles worldwide over a potential steering risk, according to the German transport authority KBA.

Business • 26 Sep

US President Donald Trump and China's President Xi Jinping are pictured in the Oval Office

Taiwan denounces Xi's comments to Trump in Washington

Taiwan's government has denounced the Chinese President's comments on the island's future to Donald Trump as a "distortion of the facts", saying only the Taiwanese people can decide their future.

World • 25 Sep

NEW YORK, NEW YORK - SEPTEMBER 22: Britain's Prime Minister Andy Burnham meets with European Commission President Ursula von der Leyen on the sidelines of the 81st United Nations General Assembly on September 22, 2026 in New York City. This is Andy Burnha

EU urges Britain to raise tariffs on Chinese cars, - FT

Brussels has told British Prime Minister Andy Burnham that Britain needs to raise tariffs on Chinese cars and align more closely align with EU trade ‌policy to avoid "made in Europe" barriers on key exports, the Financial Times said today.

Business • 25 Sep

Peng Liyuan, China's first lady, from left, Xi Jinping, China's president, US President Donald Trump, and First Lady Melania Trump

AI must develop under 'human control', says China's Xi

Chinese President Xi Jinping has said the US and China have a responsibility to "develop and manage AI for good," with the rapidly developing technology key on the agenda for his meeting with Donald Trump.

World • 24 Sep

Lines of workers at a Chinese wig factory with a blonde wig in the forefront

Chinese beauty product exporters still sitting pretty

From pre-bleached straight hair wigs to wavy clipped extensions and blinged-out coffin-shaped nails, sales of Chinese-made beauty accessories are surging across the US.

Business • 23 Sep

Two robots take part in a fighting demonstration

China slows humanoid robot IPO rush

Chinese regulators are putting the brakes on a rush of humanoid-robot companies seeking listings, people familiar with the matter said, as they scrutinise whether soaring valuations and revenue tied to state-backed projects reflect commercial demand.

Business • 21 Sep

China retail sales growth weakens further in August

China's retail sales grew last month at their slowest pace since May, official data showed today, as the country's leaders struggle to reverse a persistent slump in spending.

Business • 15 Sep

China, the world's second-largest economy, continues to grapple with weak domestic demand

Chinese inflation picks up in August, still below target

China's consumer and producer prices picked up slightly last month but remained below target, official data showed today, as the world's second-largest economy grapples with weak domestic demand.

Business • 09 Sep

A Chinese port with a truck and container in front of a large red crane

China's exports surge on demand for high-tech, AI

China's export growth quickened last month, buoyed by strong overseas appetite for high-tech and AI-related products, providing vital support for an economy weighed down by sluggish domestic demand.

Business • 08 Sep

A black Range Rover vehicle displayed at a car show

Jaguar Land Rover to cut 4,000 jobs over next two years

Britain's Jaguar Land Rover said today it would cut nearly 10% of its workforce through voluntary redundancies over the next two years, as the car industry faces heightened pressures including from Chinese competition and tariffs.

Business • 07 Sep

A huge variety of products at an ultra-low cost made Shein a major player in the fashion world - but changes in the EU and US have forced it to rethink its business model

Lost its Shein? Why the fashion giant's value has slumped

The slump in Shein's valuation represents doubts about the Chinese firm's ability to grow rapidly into the future rather than an expectation that consumers are abandoning fast fashion, writes Adam Maguire.

Business • 05 Sep

Nepal's army personal take part in search operations in the aftermath of flash floods in Nepal's Nuwakot district

Over 1,200 dead in Nepal floods amid tunnel rescue hunt

Rescue teams are racing ⁠to reach dozens of workers believed to be trapped inside hydropower tunnels in Nepal's mountains, offering one of the last hopes of finding survivors a week after a Himalayan flood killed more than 1,200 people.

World • 03 Sep

Men and women working with cables in a factory in China

China's factory activity slides for second month in a row

Factory activity in China contracted in August for a second month in a row, official data showed today, as soft demand weighs on the world's second-largest economy.

Business • 31 Aug

An aerial photo shows houses at a town along the Trishuli River destroyed by the flash floods in Nepal

Nepal resumes flood rescue, seeks technical help

Nepal has resumed search and rescue work after a brief weather-related suspension as authorities searched for thousands missing following a devastating flood that tore through a region bordering Tibet.

Asia • 29 Aug

Non-Resident Nepalese Association (NRNA)

Ireland's Nepalese are fundraising for flood victims

Fundraising is under way in Ireland's Nepalese community to support victims of the devastating floods in their home country.

Ireland • 28 Aug

BYD posts first quarterly profit rise in over a year

Chinese electric vehicle maker BYD today posted its first quarterly profit rise in more than a year, helped by a surge in exports that offset weak domestic sales.

Business • 28 Aug

A woman salvages her belongings from her house heavily covered in mud

As it happened: Rescue workers searching for survivors

Follow all the latest development as rescue efforts continue in Nepal following devastating flash floods that struck two days ago.

World • 28 Aug

Rescue workers prepare to conduct search and rescue operations at Gyirong Port in the Xizang Autonomous Region of China

Over 2,400 missing after deadly Nepal, China floods

The number of people missing in Nepal and China leapt to more than 2,400, days after a tsunami-like wall of water and debris swept away villages and killed hundreds.

World • 28 Aug

The Annapurna Himalayas on the border between Tibet and Nepal

The missing in Nepal-Tibet flash floods

Citizens from more than 30 countries are among the nearly 1,400 people reported missing after flash floods and landslides at the Nepal-Tibet border.

World • 27 Aug

A residential colony damaged by devastating flash floods in Devighat, Nuwakot, Nepal

Hundreds killed, nearly 1,000 missing after Nepal floods

Rescuers searched Himalayan valleys and hillsides after a flash flood that killed at least 389 people and left nearly 1,000 missing, as Nepal and China warned of a risk of fresh flooding from water pooling in two lakes.

World • 28 Aug

Houses lie partially submerged in muddy water along a riverside after flash floods at Trishuli Bazar in Nepal's Nuwakot district

What triggered the flood on the Nepal-Tibet border?

At least 157 people have been killed in massive floods that struck the Himalayan border region of Nepal and China's Tibet.

World • 26 Aug

Drone footage shows the scale of damage in Nepal after floods

Drone footage shows devastation after Nepal floods

A devastating flash flood swept through parts of Nepal's Nuwakot district, leaving a trail of destruction along the banks of the Bhote Koshi river.

World • 26 Aug