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Business Desk

The Business Desk covers markets, central banks, corporate earnings, energy and the economics behind the headlines. Every figure is reproduced exactly as its source published it and tied to a date, reported results are kept separate from analyst forecasts, and when outlets disagree on a number the disagreement is reported rather than settled silently. Story tips: [email protected].

Royal Mail plans to cut 2,500 head office and support jobs by the end of…

Royal Mail plans to cut 2,500 head office and support jobs by the end of…

Royal Mail plans to cut up to 2,500 head office and support roles by the end of 2027 through voluntary departures, drawing criticism from labor unions.

Business ·7 Oct 2026, 14:37 ·Business Desk 5 min read
G7 to release 100m barrels of oil and diesel to combat surging prices

G7 to release 100m barrels of oil and diesel to combat surging prices

The G7 has announced a coordinated release of 100 million barrels of oil and diesel reserves to stabilize surging fuel prices and market volatility.

Business ·2 Oct 2026, 20:09 ·Business Desk 5 min read
Apple Pay Launches in India with Axis Bank Partnership

Apple Pay Launches in India with Axis Bank Partnership

Apple Pay has officially debuted in India in partnership with Axis Bank, bringing contactless device-based payments and tokenized security to local credit cardholders.

Business ·30 Sep 2026, 13:06 ·Business Desk 5 min read
OpenAI launches Dots always-on AI agents to compete with Meta's Muse

OpenAI launches Dots always-on AI agents to compete with Meta's Muse

OpenAI has unveiled Dots, persistent AI assistants powered by the GPT-6 Astra model designed to manage complex tasks across digital ecosystems.

Business ·29 Sep 2026, 21:51 ·Business Desk 4 min read
Anthropic warns AI may pose 'existential risks to humanity' in IPO filing

Anthropic warns AI may pose 'existential risks to humanity' in IPO filing

Anthropic's IPO prospectus warns that advanced AI systems could pose existential risks to humanity, dedicating 80 pages of the document to potential hazards.

Business ·29 Sep 2026, 14:18 ·Business Desk 5 min read
Trump announces $15 billion Essar Group steel plant in Iowa

Trump announces $15 billion Essar Group steel plant in Iowa

President Trump unveiled plans for a $15 billion Essar Group steel plant in Iowa, slated to begin production by 2030 and create thousands of jobs.

Business ·29 Sep 2026, 05:15 ·Business Desk 4 min read
UK diesel prices hit record high of 199.18p per litre

UK diesel prices hit record high of 199.18p per litre

UK diesel prices have reached a record 199.18p per litre due to geopolitical tensions and disrupted oil shipping routes, pushing family car fill-ups to £110.

Business ·28 Sep 2026, 14:23 ·Business Desk 4 min read
Three-Day Nationwide Bank Strike Deferred After IBA-UFBU Talks

Three-Day Nationwide Bank Strike Deferred After IBA-UFBU Talks

The United Forum of Bank Unions has postponed its three-day nationwide strike following talks with the Indian Banks’ Association to form a high-level committee.

Business ·28 Sep 2026, 11:08 ·Business Desk 5 min read
US Appeals Court Upholds Pentagon Designation of Anthropic as Supply Cha…

US Appeals Court Upholds Pentagon Designation of Anthropic as Supply Cha…

A federal appeals court affirmed the Pentagon's decision to designate Anthropic as a supply chain risk, barring its Claude AI from military operations.

Business ·25 Sep 2026, 21:32 ·Business Desk 4 min read
OpenAI launches GPT-6 Sol and Luna models with slashed API prices

OpenAI launches GPT-6 Sol and Luna models with slashed API prices

OpenAI introduced GPT-6 Sol and Luna with 50% lower API costs than predecessors, offering specialized pricing for complex tasks and high-volume work.

Business ·23 Sep 2026, 00:17 ·Business Desk 3 min read
Meta Platforms shares surge on bullish AI agent and monetization outlook

Meta Platforms shares surge on bullish AI agent and monetization outlook

Meta Platforms stock rallied after analysts raised price targets, driven by optimism surrounding the upcoming Muse personal AI agent and monetization strategies.

Business ·22 Sep 2026, 00:42 ·Business Desk 5 min read
Air traffic control technical issue disrupts flights across UK airports

Air traffic control technical issue disrupts flights across UK airports

A technical failure at the Prestwick air traffic control centre triggered widespread flight disruptions across Scotland, northern England, and Northern Ireland on 21 September 2026.

Business ·21 Sep 2026, 12:43 ·Business Desk 5 min read
Researchers used Anthropic's Claude to hack into OpenAI systems

Researchers used Anthropic's Claude to hack into OpenAI systems

A team from Hacktron AI used Claude to exploit a HEIF image vulnerability, gaining access to OpenAI employee accounts and GitHub repositories in under 72 hours.

Business ·18 Sep 2026, 19:05 ·Business Desk 4 min read
Bank of England holds interest rates at 3.75% in split vote

Bank of England holds interest rates at 3.75% in split vote

The Bank of England maintained the base rate in a 6-3 split vote, balancing rising energy costs and inflation against the risk of stifling economic recovery.

Business ·17 Sep 2026, 17:15 ·Business Desk 4 min read
Costco expands US delivery via DoorDash and Uber Eats across 47 states

Costco expands US delivery via DoorDash and Uber Eats across 47 states

Costco has broadened its U.S. delivery footprint by partnering with DoorDash and Uber Eats across 47 states while maintaining its membership requirements.

Business ·17 Sep 2026, 16:24 ·Business Desk 4 min read
Govt cuts windfall tax on petrol, diesel, ATF exports

Govt cuts windfall tax on petrol, diesel, ATF exports

The Indian government has lowered windfall export duties on petrol, diesel, and aviation turbine fuel following a decline in global crude prices.

Business ·17 Sep 2026, 06:45 ·Business Desk 4 min read
Federal Reserve Raises Interest Rates by Quarter Point Amid Persistent I…

Federal Reserve Raises Interest Rates by Quarter Point Amid Persistent I…

The Federal Reserve has implemented its first interest rate hike since 2023, signaling a potential prolonged tightening cycle as inflation remains above target.

Business ·16 Sep 2026, 23:15 ·Business Desk 5 min read
OpenAI, Anthropic and Google are collaborating on AI safety measures

OpenAI, Anthropic and Google are collaborating on AI safety measures

OpenAI, Anthropic, and Google DeepMind have partnered to establish shared AI safety protocols and shape federal legislation, navigating growing political and antitrust scrutiny.

Business ·16 Sep 2026, 12:59 ·Business Desk 5 min read
Anthropic CEO Calls for Slowing Down AI Development Amid Safety Concerns

Anthropic CEO Calls for Slowing Down AI Development Amid Safety Concerns

Dario Amodei proposes a framework of third-party evaluators and government coordination to mitigate the risks of recursive self-improving AI systems.

Business ·12 Sep 2026, 20:43 ·Business Desk 4 min read
NSE IPO Price Band Set at ₹1,700-₹1,785; Issue to Open on September 17

NSE IPO Price Band Set at ₹1,700-₹1,785; Issue to Open on September 17

The National Stock Exchange has finalized its long-awaited IPO with a price band of ₹1,700-₹1,785 per share, opening for subscription on September 17, 2026.

Business ·11 Sep 2026, 11:45 ·Business Desk 4 min read