https://news.ketelle.co.uk/categories/business Business stories, told neutrally, with how each side covers them. en-gb https://news.ketelle.co.uk/stories/trump-expected-to-announce-54bn-south-korean-investment-in-alaska-lng https://news.ketelle.co.uk/stories/trump-expected-to-announce-54bn-south-korean-investment-in-alaska-lng Wed, 30 Sep 2026 22:42:06 +0100 Business President Trump was due on 30 September to announce that about $54 billion of South Korea's pledged US investment would go to the Alaska LNG project, within a wider package the White House put at $200 billion. Outlets differ on emphasis: the midterm politics, the wider package, and the project's risks. (8 outlets: 3 left · 2 centre · 3 right) https://news.ketelle.co.uk/stories/nubank-in-takeover-talks-with-monzo https://news.ketelle.co.uk/stories/nubank-in-takeover-talks-with-monzo Wed, 30 Sep 2026 22:40:23 +0100 Business Media reports said Brazil's Nubank was in early talks to buy UK digital bank Monzo for up to £10bn. On 30 September Nubank said in a securities filing that it is not pursuing a transaction. (2 outlets: 0 left · 1 centre · 1 right) https://news.ketelle.co.uk/stories/federal-reserve-watchdog-finds-no-criminality-in-renovation-project https://news.ketelle.co.uk/stories/federal-reserve-watchdog-finds-no-criminality-in-renovation-project Wed, 30 Sep 2026 21:47:39 +0100 Business The Federal Reserve's inspector general said it found no reasonable grounds to believe federal criminal law was violated in the renovation of the Fed's Washington buildings, but found the Board managed the project ineffectively. President Trump responded by demanding former Chair Jerome Powell resign from the Board. (12 outlets: 5 left · 2 centre · 5 right) https://news.ketelle.co.uk/stories/paramount-and-warner-bros-move-toward-closing-111bn-merger https://news.ketelle.co.uk/stories/paramount-and-warner-bros-move-toward-closing-111bn-merger Wed, 30 Sep 2026 20:53:18 +0100 Business A federal judge approved Paramount's settlement with 12 Democratic state attorneys general, removing the last barrier to its $111bn takeover of Warner Bros. Discovery, tentatively set to close on 6 October. (12 outlets: 7 left · 2 centre · 3 right) https://news.ketelle.co.uk/stories/bmw-reveals-range-and-price-details-for-electric-i3-sedan https://news.ketelle.co.uk/stories/bmw-reveals-range-and-price-details-for-electric-i3-sedan Wed, 30 Sep 2026 20:01:37 +0100 Business BMW said the 2027 i3 50 xDrive will start at $61,500 with an estimated range of up to 468 miles, arriving in the US in the first quarter of 2027. Two left-leaning US tech outlets covered the details. (3 outlets: 2 left · 1 centre · 0 right) https://news.ketelle.co.uk/stories/lindsay-owen-s-book-gouged-on-surveillance-pricing https://news.ketelle.co.uk/stories/lindsay-owen-s-book-gouged-on-surveillance-pricing Wed, 30 Sep 2026 19:51:01 +0100 Business Lindsay Owens, CEO of Groundwork Collaborative, is promoting "Gouged", which argues that companies use data and software to charge different prices. Wired and NBC's TODAY both covered the book. (2 outlets: 2 left · 0 centre · 0 right) https://news.ketelle.co.uk/stories/elevenlabs-hits-22bn-valuation-after-employee-share-sale https://news.ketelle.co.uk/stories/elevenlabs-hits-22bn-valuation-after-employee-share-sale Wed, 30 Sep 2026 19:50:27 +0100 Business ElevenLabs completed a $300m employee tender offer at a $22bn valuation, double its February level. City A.M. frames it as a boost for UK tech; TechCrunch as a staff-retention move. (3 outlets: 0 left · 2 centre · 1 right) https://news.ketelle.co.uk/stories/mattel-ceo-ynon-kreiz-announces-exit-tipped-for-paramount-warner-bros- https://news.ketelle.co.uk/stories/mattel-ceo-ynon-kreiz-announces-exit-tipped-for-paramount-warner-bros- Wed, 30 Sep 2026 19:38:22 +0100 Business Mattel announced Ynon Kreiz will leave as chairman and CEO on Oct. 2 for another public company. Trade outlets report he is expected to take a senior role at Paramount, which has not commented. (3 outlets: 2 left · 1 centre · 0 right) https://news.ketelle.co.uk/stories/volkswagen-terminates-german-labor-agreements-amid-cost-cuts https://news.ketelle.co.uk/stories/volkswagen-terminates-german-labor-agreements-amid-cost-cuts Wed, 30 Sep 2026 18:21:54 +0100 Business Volkswagen gave notice on Wednesday that it is ending most company-level collective agreements in Germany from 31 December, citing cost pressure. IG Metall and the works council object and warn of a dispute, with strikes possible from 1 January 2027. (2 outlets: 0 left · 2 centre · 0 right) https://news.ketelle.co.uk/stories/faa-investigates-software-glitch-in-some-boeing-737-max-jets https://news.ketelle.co.uk/stories/faa-investigates-software-glitch-in-some-boeing-737-max-jets Wed, 30 Sep 2026 16:30:45 +0100 Business The FAA is investigating a software glitch in some Boeing 737 Max jets that can disengage automated vertical guidance during an aborted landing. Transportation Secretary Sean Duffy said he sees no current safety concern and no need to ground the fleet. (2 outlets: 1 left · 1 centre · 0 right) https://news.ketelle.co.uk/stories/astrazeneca-invests-2bn-in-summit-therapeutics-cancer-drug-tie-up https://news.ketelle.co.uk/stories/astrazeneca-invests-2bn-in-summit-therapeutics-cancer-drug-tie-up Wed, 30 Sep 2026 16:10:31 +0100 Business AstraZeneca is investing $2bn in US drugmaker Summit Therapeutics and the two will test Summit's ivonescimab alongside AstraZeneca's cancer medicines. Summit shares rose sharply in after-hours trading. (3 outlets: 0 left · 1 centre · 2 right) https://news.ketelle.co.uk/stories/conde-nast-ceo-roger-lynch-to-become-mattel-ceo https://news.ketelle.co.uk/stories/conde-nast-ceo-roger-lynch-to-become-mattel-ceo Wed, 30 Sep 2026 16:05:30 +0100 Business Mattel said Roger Lynch, Condé Nast's CEO, will become its chairman and CEO, succeeding Ynon Kreiz, who is leaving for a role at another public company. Mike Perlis will be interim CEO of Condé Nast. (3 outlets: 2 left · 1 centre · 0 right) https://news.ketelle.co.uk/stories/dangote-to-launch-kenya-oil-refinery-despite-land-protests https://news.ketelle.co.uk/stories/dangote-to-launch-kenya-oil-refinery-despite-land-protests Wed, 30 Sep 2026 15:30:33 +0100 Business Aliko Dangote and President William Ruto launched a $16bn, 700,000-barrel-a-day refinery in Lamu, Kenya, while residents contest the land in protests and in court. (3 outlets: 0 left · 3 centre · 0 right) https://news.ketelle.co.uk/stories/oura-postpones-ipo-citing-market-uncertainty https://news.ketelle.co.uk/stories/oura-postpones-ipo-citing-market-uncertainty Wed, 30 Sep 2026 14:41:46 +0100 Business Smart ring maker Oura postponed its planned US stock market listing, saying the IPO market was uncertain. Coverage differs on the valuation the offering would have implied. (2 outlets: 1 left · 1 centre · 0 right) https://news.ketelle.co.uk/stories/uk-film-distributor-true-brit-entertainment-enters-administration https://news.ketelle.co.uk/stories/uk-film-distributor-true-brit-entertainment-enters-administration Wed, 30 Sep 2026 14:02:55 +0100 Business True Brit Entertainment, the UK theatrical distributor founded in 2023 by Zygi Kamasa, has entered administration. Kamasa blamed extremely challenging market conditions. (3 outlets: 1 left · 1 centre · 1 right) https://news.ketelle.co.uk/stories/mcdonald-s-plans-ai-driven-pricing https://news.ketelle.co.uk/stories/mcdonald-s-plans-ai-driven-pricing Wed, 30 Sep 2026 13:25:59 +0100 Business A Reuters investigation says McDonald's uses AI to recommend restaurant-level prices across nearly 14,000 US stores. Franchisees describe pressure to follow the guidance; McDonald's calls it a tool, not a mandate. (2 outlets: 0 left · 0 centre · 2 right) https://news.ketelle.co.uk/stories/temasek-to-open-offices-in-abu-dhabi-and-riyadh https://news.ketelle.co.uk/stories/temasek-to-open-offices-in-abu-dhabi-and-riyadh Wed, 30 Sep 2026 13:18:37 +0100 Business Singapore state investor Temasek said it plans to open offices in Riyadh and Abu Dhabi in 2027, subject to approvals, bringing its network to 15 offices in 11 countries. (2 outlets: 0 left · 2 centre · 0 right) https://news.ketelle.co.uk/stories/meta-uses-research-tax-break-on-a-i-data-centers-to-cut-federal-taxes https://news.ketelle.co.uk/stories/meta-uses-research-tax-break-on-a-i-data-centers-to-cut-federal-taxes Wed, 30 Sep 2026 13:10:22 +0100 Business A New York Times report says Meta used a research-and-experimentation tax provision for its AI data centers, trimming nearly $4 billion from its 2025 tax bill. Meta says it uses incentives Congress created to encourage domestic investment. (2 outlets: 1 left · 1 centre · 0 right) https://news.ketelle.co.uk/stories/greggs-plans-to-close-four-manufacturing-sites-putting-740-jobs-at-ris https://news.ketelle.co.uk/stories/greggs-plans-to-close-four-manufacturing-sites-putting-740-jobs-at-ris Wed, 30 Sep 2026 12:40:44 +0100 Business Greggs said it plans to close four manufacturing sites, with around 740 jobs expected to be lost over two and a half years. It announced the proposals alongside stronger quarterly sales and a warning about inflation in 2027. (7 outlets: 3 left · 2 centre · 2 right) https://news.ketelle.co.uk/stories/huel-advert-featuring-spencer-matthews-banned-by-watchdog https://news.ketelle.co.uk/stories/huel-advert-featuring-spencer-matthews-banned-by-watchdog Wed, 30 Sep 2026 11:30:32 +0100 Business The Advertising Standards Authority banned a Huel advert in which Spencer Matthews described an ultramarathon runner winning on a Huel-only diet, ruling it encouraged irresponsible dietary habits. Huel says it has complied. (4 outlets: 0 left · 2 centre · 2 right) https://news.ketelle.co.uk/stories/meta-launches-enterprise-ai-business https://news.ketelle.co.uk/stories/meta-launches-enterprise-ai-business Wed, 30 Sep 2026 10:37:00 +0100 Business Meta announced an enterprise AI platform built around its Muse products, led by a new executive from MongoDB. Analysts quoted by Computerworld question whether businesses will trust it after Meta closed earlier enterprise products. (2 outlets: 0 left · 2 centre · 0 right) https://news.ketelle.co.uk/stories/oura-postpones-ipo https://news.ketelle.co.uk/stories/oura-postpones-ipo Wed, 30 Sep 2026 10:33:06 +0100 Business Smart-ring maker Oura has delayed its planned stock market listing, citing uncertainty in the IPO market. TechCrunch reports the offering was for up to $2.2 billion while the company's business is growing. (3 outlets: 0 left · 2 centre · 1 right) https://news.ketelle.co.uk/stories/trump-announces-plan-for-largest-us-steel-plant-in-iowa https://news.ketelle.co.uk/stories/trump-announces-plan-for-largest-us-steel-plant-in-iowa Wed, 30 Sep 2026 10:31:35 +0100 Business President Trump announced in the Oval Office a plan for what he called the largest steel plant in US history, to be built in Iowa by Mesabi Metallics. Coverage differs on emphasis: tariffs and jobs versus midterm timing and open questions. (3 outlets: 2 left · 0 centre · 1 right) https://news.ketelle.co.uk/stories/disney-cuts-hundreds-more-jobs-in-new-layoff-round https://news.ketelle.co.uk/stories/disney-cuts-hundreds-more-jobs-in-new-layoff-round Wed, 30 Sep 2026 10:27:21 +0100 Business Disney cut a few hundred jobs on 29 September, mainly in human resources and tech, under CEO Josh D'Amaro. Outlets differ on whether it is the third or fourth round this year, and on how to read the cuts. (4 outlets: 2 left · 1 centre · 1 right) https://news.ketelle.co.uk/stories/amd-to-acquire-fei-fei-li-s-world-labs-for-about-8-2-billion https://news.ketelle.co.uk/stories/amd-to-acquire-fei-fei-li-s-world-labs-for-about-8-2-billion Wed, 30 Sep 2026 10:23:05 +0100 Business AMD has agreed to buy World Labs, the world-model startup founded by AI researcher Fei-Fei Li, for about $8.2 billion. Li will become AMD's chief scientist, and the deal is expected to close by year-end. (5 outlets: 1 left · 3 centre · 1 right) https://news.ketelle.co.uk/stories/navy-picks-boeing-for-f-a-xx-next-generation-fighter-contract https://news.ketelle.co.uk/stories/navy-picks-boeing-for-f-a-xx-next-generation-fighter-contract Wed, 30 Sep 2026 10:21:27 +0100 Business The Pentagon announced on 29 September that Boeing won a contract worth about $20 billion to develop the Navy's F/A-XX sixth-generation fighter. It is Boeing's second such win after the Air Force's F-47. (5 outlets: 0 left · 1 centre · 4 right) https://news.ketelle.co.uk/stories/uk-video-game-company-enters-administration-with-job-losses https://news.ketelle.co.uk/stories/uk-video-game-company-enters-administration-with-job-losses Wed, 30 Sep 2026 10:05:39 +0100 Business Edinburgh games studio Build A Rocket Boy, founded by a former Grand Theft Auto developer, has appointed administrators a year after releasing MindsEye. Opus Restructuring says 49 of 85 staff were retained. (2 outlets: 1 left · 0 centre · 1 right) https://news.ketelle.co.uk/stories/uk-tech-founders-sign-open-letter-urging-end-to-non-compete-clauses https://news.ketelle.co.uk/stories/uk-tech-founders-sign-open-letter-urging-end-to-non-compete-clauses Wed, 30 Sep 2026 09:15:39 +0100 Business Founders of ElevenLabs, Synthesia, Fuse Energy and other UK AI startups published an open letter calling for limits on non-competes, notice periods and garden leave. They say the restrictions hold back UK growth compared with the US. (2 outlets: 0 left · 1 centre · 1 right) https://news.ketelle.co.uk/stories/eric-cantor-named-president-and-ceo-of-phrma https://news.ketelle.co.uk/stories/eric-cantor-named-president-and-ceo-of-phrma Wed, 30 Sep 2026 07:10:15 +0100 Business PhRMA announced on Tuesday that former House Majority Leader Eric Cantor will become its next president and CEO. Only Breitbart's full text was available; The Hill's article was retrieved as a snippet. (3 outlets: 0 left · 2 centre · 1 right)