Business

Business · 10 October 2026

Axel Springer Trims Telegraph Newsroom After Investment Promise

Iris Quay, London desk

German media group Axel Springer, the new owner of the Telegraph, has announced a plan to cut between 50 and 100 editorial positions, a reversal of its earlier pledge to invest in the paper.

Business · 10 October 2026

Verification Tax Squeezes AI Efficiency as Wall Street Pretends It’s Still Robust

Helen Pell, Washington desk

A new verification tax is turning AI‑driven productivity into a paperwork marathon, while earnings reports cheerfully tout robust growth and the Fed repeats the word “robust” four times in a single briefing.

Business · 10 October 2026

Trump's Unexpected Russian Fuel Truce: A Midterm Miracle or Diesel Disaster?

Noor Hale, World desk

President Trump’s surprise deal with Russia aims to cool soaring fuel prices and soothe his party ahead of next month’s midterm elections, sparking a chorus of bewildered commentary.

Business · 10 October 2026

Nikon calls AI‑enhanced micro‑film a ‘cheat’, pulls plug on Small World in Motion winner

Helen Pell, Washington desk

Nikon has stripped the Small World in Motion contest winner after determining the entry relied on artificial intelligence. The decision has sparked a debate over the role of AI in creative competitions.

Business · 10 October 2026

EU Caps Chinese Hybrid Car Exports, Halving Shipments and Unintentionally Fueling Beijing’s Auto Ambitions

Etienne Marlow, Brussels desk

The EU has agreed to limit Chinese hybrid vehicle exports to the EU, roughly cutting shipments in half over the next four years. While the move is intended to ease trade tensions, analysts warn it could strengthen the Ch…

Business · 10 October 2026

Pine‑to‑Power: New Zealand’s New Biofuel Boom Turns Timber Trash into Tomorrow’s Fuel

Moss Harlow, Auckland desk

Entrepreneurs in the Bay of Plenty are turning discarded woody biomass into high‑value biofuels and biochemicals, heralding a green future for the country.

Business · 10 October 2026

Shein’s cheap‑parcel coup: outsells Asos as UK duty‑free loophole fuels 26% revenue surge

Noor Hale, World desk

Shein’s UK revenue jumped 26% to £2.58 bn, overtaking rival Asos after the retailer exploited a duty‑free parcel exemption that lets low‑value shipments enter the country without customs charges.

Business · 10 October 2026

Delta’s Wi‑Fi Upgrade Leaves Musk’s Starlink Out of the Cabin

Helen Pell, Washington desk

Delta Air Lines is refreshing its in‑flight Wi‑Fi, but the move didn’t win over Elon Musk. The SpaceX founder publicly rebuked the airline’s top executive for not choosing Starlink, turning a routine upgrade into…

Business · 9 October 2026

Trump Pitches Fuel‑Price Cut Ahead of Midterms – Will It Actually Fill the Tank?

Noor Hale, World desk

President Trump has floated a proposal to lower fuel prices as the midterm elections approach, a move that comes amid soaring gasoline costs and a cost‑of‑living crunch for many Americans. Details on how the reductio…