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Starmer has a reasonable list of achievements in power but has undermined himself with a lack of political storytellingNet migration down by three-quarters, the biggest fall in NHS waiting lists for 17 years, knife crime cut by 10%, the economy growing the fastest in the G7, rising wages, energy bills and petrol prices held down, the biggest sustained rise in defence spending since the cold war, a massive expansion of free childcare …If Keir Starmer did tub-thumping lists of Labour’s achievements in the style of Gordon Brown, he would not actually have a shortage of things to talk about. Continue reading...

• China’s economy slowed in April, with industrial output, retail sales and fixed-asset investment all missing expectations as global energy-market volatility added pressure. • Retail sales rose just 0.2% year on year, down from 1.7% in March, while industrial output increased 4.1%, below the 5.63% forecast cited by economists. • National Bureau of Statistics spokesperson Fu Linghui said the economy had “generally speaking” maintained steady growth, but warned the external environment remained “complex and volatile.”

Recent consumer alert on ebike safety laws says some vehicles should be classified as mopeds or motorcyclesAmazon said it plans to stop selling certain high-speed electric bicycles in California after a string of high-profile incidents and a consumer alert that the state attorney general issued last month.In April an 81-year-old man in Orange county died after a teenager illegally riding an e-motorcycle struck him. The teen’s mother, Tommi Jo Mejer, has since been charged with involuntary manslaughter in Ed Ashman’s death as officials say she was warned it was illegal for her son to operate the vehicle. Continue reading...

• Chenbro Micom, a Taiwan-based tech firm, posted Q1 2026 sales of TWD 7.1 billion, up 70% year-over-year, with net income doubling to TWD 1.34 billion. • The company achieved annual revenue growth of 31.1% and earnings growth of 32.7%, outperforming industry averages amid Asia's tech momentum. • This performance highlights Chenbro's strong positioning in high-tech sectors like server components, bolstered by resilient Asian demand.

• WESCO International reported Q1 2026 sales of $6,080.1 million and net income of $153.8 million, both higher than the prior year. • Basic earnings per share from continuing operations increased to $3.16, demonstrating stronger profitability. • The results signal robust demand in capital goods distribution, potentially boosting sector confidence amid economic recovery signals.

• Nvidia released stellar quarterly earnings on May 9, 2026, but results were clouded by ongoing US export controls restricting advanced chip sales to China. • The company agreed to a 15% revenue-sharing deal with the US government on China sales to overturn the controls, allowing resumed exports of certain AI chips. • This arrangement highlights escalating US-China tech tensions, impacting Nvidia's growth in its largest overseas market amid broader semiconductor restrictions.

Carmaker gives one of biggest warnings yet of conflict’s impact on businesses while Trump tariffs also take tollToyota has reported a £3bn hit from costs from the war in Iran, as prices of parts and materials soared and sales dropped.The world’s biggest carmaker said profits declined in its financial year to March as it was “likely unable to absorb newly added impact from the Middle East”, in one of the largest warnings yet of the war’s impact on businesses. Continue reading...

• APAC recorded the fastest regional growth in semiconductor sales at 45.4% year-over-year in 2025, propelled by demand for AI systems and advanced logic chips. • The boom ties directly to expanding AI infrastructure needs and power electronics in the region. • Singapore and Southeast Asia hubs benefit as key players in global supply chains amid rising tech demands.

Appliance giant slashes earnings forecast and hikes prices by 10% with another 4% spike plannedWith the war in Iran and economic concerns putting pressure on consumers and how they spend their money, Whirlpool is having to adjust to Americans delaying big-ticket purchases while also raising prices to help stabilize its North American business.The company known for brands such as KitchenAid, Maytag and its namesake, said that the Iran war led to a “recession-level industry decline” in America as consumer confidence collapsed in late February and March. Revenue dropped nearly 10% in the quarter as sales of major appliances in North America declined more than 7%. Continue reading...

BEV sales jumped nearly 60% in April, taking total electric car registrations to more than 2m, says SMMTBusiness live – latest updatesA recent jump in electric car sales in the UK is likely to be “tempered” by worries over rising inflation and energy prices caused by the Iran war, a leading industry body has warned.New car sales in the UK rose by 24% year on year to 149,247 in April, according to the Society of Motor Manufacturers and Traders (SMMT). Continue reading...

BYD's first-quarter net profit dropped 55.4 per cent from a year earlier to 4.1 billion yuan.

• The Snohomish County Board of Health approved new protections mandating septic system inspections prior to any home sale. • Ordinance aims to prevent buyer exposure to faulty systems, promoting public health and property safety. • Impacts thousands of rural Washington homes reliant on septic over municipal sewer.

ONS says sales up by 0.7% in March, spurred by big rise in fuel purchases and sunny weather helping retailersBusiness live – latest updatesRetail sales in Great Britain rose last month due to motorists stocking up on fuel as they watched prices at the pump escalate rapidly because of the Iran war.The Office for National Statistics (ONS) said that the volume of retail sales rose 0.7% last month, well above analysts’ forecasts of just 0.1%, as the quantity of fuel bought hit the highest level since 2021. Continue reading...

Top buyers promised access at Mar-a-Lago event as Democrats and watchdogs warn of pay-to-play risksDonald Trump is slated to star at a cryptocurrency bash on 25 April at his Mar-a-Lago club for scores of purchasers of his crypto memecoin $Trump that has enriched him while in office. The move is fueling renewed criticism from top Democrats and ethics watchdogs that he is using the presidency for financial gains in a break with ethical norms.The Trump-linked Fight Fight Fight LLC has hyped the event as “THE MOST EXCLUSIVE CRYPTO & BUSINESS CONFERENCE IN THE WORLD”. It’s promising a luncheon with Trump as its keynote speaker, according to the memecoin’s official website and its social media account. Continue reading...

The trend has been accelerated by the US-Israel war on Iran, leaving households – and cafe owners – glum, surveys suggestFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFor many coffee drinkers, takeaway orders are changing from a habitual purchase to an occasional treat, as elevated petrol prices and other living costs leave households feeling glum.This rapid shift in behaviour has disappointed cafe owners and surprised economists, raising an uneasy question: if takeaway coffee sales are falling, is the economy next? Continue reading...

Norway leads the way in terms of switching as data shows 224,000 new EVs were registered in MarchBusiness live – latest updatesSales of electric cars soared 51% in continental Europe last month, amid a rise in petrol and diesel costs driven by the Iran war.Data shows that 224,000 new electric vehicles (EVs) were registered in March, and 500,000 across the first three months of the year – a 33.5% increase on a year earlier, according to analysis of national sales data in 15 countries by New Automotive and E-Mobility Europe, a trade body. Continue reading...

• Apple announced a delay of the Vision Pro 2 launch to Q4 2026 on April 19, pushing the release back six months as initial sales of the first-generation headset underperformed internal forecasts. • The company cited mixed customer feedback regarding the $3,499 price point, limited app ecosystem, and extended battery life requirements as factors influencing the postponement and product refinement timeline. • The delay marks a strategic recalibration for Apple in the spatial computing market and provides competitors including Meta's Quest 3 and Sony's PlayStation VR2 additional time to strengthen market position.

• Salesforce announced Headless 360 on Wednesday, enabling AI agents to access its platform capabilities via APIs, MCP tools, or CLI commands. • The initiative marks the company's most ambitious architectural transformation in 27 years, aiming to enhance AI integration across its ecosystem. • This development matters as it positions Salesforce as a leader in AI-driven enterprise software, potentially accelerating agentic AI adoption in business operations.

Attempt by independent senator set to test Democratic support for longtime US ally amid Trump’s war on IranAn attempt set for Wednesday by senator Bernie Sanders to block sales to Israel of bombs and bulldozers will serve as the latest litmus test of support for the longtime US ally among Democrats.Sanders, an independent who caucuses with Senate Democrats, plans to call up for a vote a resolution halting a $151.8m sale of 12,000 1,000lb bombs to Israel’s military, as well as a second resolution that would prevent the sale of $295m in bulldozers. Continue reading...

Credit can be used to offset future bills as full-year losses at UK division widen to £41.3m and it adds 92 storesStarbucks’s UK retail arm received a £13.7m corporation tax credit last year, even as its sales increased 6% and it added more than 90 stores.The credit, which can be used to offset future tax bills, comes after losses widened to £41.3m in the 12 months to the end of September – almost matching the £40m it paid in royalty and licence fees to its parent company. Continue reading...

• The US Treasury Department announced sanctions on April 4, 2026, targeting 12 Chinese companies accused of supplying missile components to Taiwan's military in violation of export controls. • Sanctions freeze $2.1 billion in US-based assets and ban future transactions, following intelligence reports of shipments totaling 500 tons of avionics parts since January. • The move heightens US-China tensions, with Beijing calling it 'economic blackmail' that threatens South China Sea stability and global semiconductor supply chains.

• Trump's AI adviser David Sacks defended the decision to allow UAE access to powerful American semiconductor technology, calling it a turning point for establishing US tech dominance globally. • The UAE's $1.4 trillion investment and economic framework with the US, announced last year, continues as planned with accelerated deployment and funding in AI, energy, advanced manufacturing, and critical infrastructure. • Trump's 2025 visit to the UAE resulted in plans for a 5GW UAE-US AI Campus, a major joint infrastructure initiative.

Firm’s sales up 54% this month and Good Energy reports doubling of interest in solar after latest oil price shockSolar panel sales have risen sharply since the start of the Iran war, according to Octopus Energy, and households are opting for bigger arrays of roof panels.Sales were up 54% so far this month compared with the same period last month, the company said on Thursday. Continue reading...

• Semiconductor design giant Arm revealed on March 25, 2026, it will market its own chips for the first time, aiming for $15 billion in annual sales. • CEO Rene Haas discussed the move in exclusive interviews, marking a shift from licensing designs to direct competition in AI and data center markets. • The announcement boosted SoftBank shares and highlights re-industrialization trends in U.S. tech supply chains amid AI demand.

• North Carolina lawmakers introduced bills to scale back hospitals' property tax and sales tax exemptions, potentially shifting millions to state and local governments amid soaring medical costs. • The Joint Legislative Oversight Committee on Health and Human Services heard arguments on March 10, with a vote expected in April before advancing to full House and Senate. • Hospital groups like the North Carolina Healthcare Association warn of strained resources, especially for rural facilities operating on small margins, threatening patient access.

German food delivery firm’s share price has plummeted by 93% since 2021 boom during Covid lockdownsHelloFresh has reported a sharp decline in sales as the struggling food delivery company battles falling demand after the pandemic-era meal kit boom.The German company was forced to make 900 UK job cuts last year with the closure of a delivery site in Nuneaton, and the demand for meal kits tumbled as revenue fell by more than 11% during 2025. Continue reading...

• Research firm IDC significantly lowered its 2026 PC shipment forecast to an 11.3% decline, compared to the previous projection of a 2.4% drop, driven by ongoing memory shortages, rising component costs, and supply chain disruptions expected to persist into 2027. • Tablet shipments are also expected to fall 7.6% in 2026, though the overall market value is projected to increase slightly as higher component costs drive up per-unit prices for computers and devices. • IDC predicts that truly inexpensive computers will become rarer as the industry adapts to a new normal with elevated component pricing, fundamentally changing the affordable computing landscape.

Swift leads with 1.6m vinyl sales of The Life of a Showgirl in 2025 while Sabrina Carpenter and Kendrick Lamar round out the LP chartsFor the first time in over four decades, US vinyl sales have topped $1bn in annual revenue.Vinyl purchases reached $1.04bn in 2025, per a new report by the Recording Industry Association of America (RIAA) published on 16 March. It marks the 19th consecutive year of growth for the format that was once considered a niche interest. Continue reading...