Businesses

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chairBusiness live – latest updatesHSBC bosses have said the Iran war is already hitting global economic confidence, as a string of business leaders warned over the impact of the conflict.Georges Elhedery, the Lebanon-born chief executive of the bank, told Bloomberg Television at a HSBC conference in Hong Kong: “We’re saddened and concerned with what’s happening in the Middle East, and we’re concerned not just with what’s happening but also with how long this will take. Continue reading...

Sector cites ‘billions of pounds in additional costs’ from new business rates and increase in minimum wage thresholdsTwo-thirds of hospitality businesses are planning to cut jobs as a result of “suffocating” costs imposed by government, as new business rates and higher wage bills come into force.Many pubs, restaurants and hotel companies will see their costs increase significantly from 1 April after Rachel Reeves’s changes to business rates and an increase in minimum wage thresholds announced at the chancellor’s November budget. Continue reading...

Exclusive: Pubs, restaurants and hotels warn of mounting pressure days before rates rises and higher wage bills take effectOne in five hospitality businesses fear collapse in the next 12 months, according to an industry-wide survey that comes days before rises in tax and employment costs kick in.From Wednesday, many pub, restaurant and hotel companies face the prospect of a higher bill for business rates paid to their local authority, while an increase in minimum wage thresholds takes effect on the same day. Continue reading...

• On March 3, 2026, the U.S. Senate unanimously passed S. 3971, the Small Business Innovation and Economic Security Act, reauthorizing the SBIR and STTR programs through September 30, 2031, after their expiration on September 30, 2025. • The bill, providing over $4 billion annually in non-dilutive R&D funding, introduces enhanced foreign due diligence, application limits, strategic breakthrough funding, and carryover of FY2026 funds. • This legislation safeguards U.S. technological leadership by prioritizing small innovative firms amid global competition.

Lawmakers consider latest bill that targets trans people for using the bathroom that matches their gender identityIdaho lawmakers are considering a bill that would make it a crime for transgender people to use the bathroom that matches their gender identity – even inside privately owned businesses.At least 19 states, including Idaho, already have laws barring transgender people from using bathrooms and changing rooms that align with their gender in schools and, in some cases, other public places. The LGBTQ+ advocacy organization Movement Advancement Project’s tracking of the laws shows that three other states – Florida, Kansas and Utah – have made it a criminal offense in some circumstances to violate the bathroom laws. Continue reading...

Class action settles after retailers argued state government should pay them for economic loss resulting from pandemic lockdown Businesses affected by one of the world’s longest Covid-19 lockdowns will receive $125m from taxpayers after a state government agreed to settle the matter.A class action was brought in the supreme court on behalf of businesses affected financially by Victoria’s 2020 lockdowns. Continue reading...