Revolut starts offering personal loans to UK customers
The fintech, valued at roughly $115 billion, has begun issuing unsecured personal loans in Britain, challenging the country's biggest high street banks.
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Business Desk
The Business Desk covers markets, the economy and the companies shaping it. Its articles are researched and drafted with AI assistance, and every one is reviewed by a named editor before publication.
Edited by Lasse Pedersen
Articles from the Business Desk
US holiday forecasts diverge: shoppers plan cuts, trade groups predict growth
Consumer surveys show Americans intend to spend significantly less this holiday season, even as retail trade groups forecast overall sales growth driven largely by higher prices.
UK growth beats forecasts as global tech shares slide on AI worries
Stronger-than-expected UK economic data for August has raised expectations that official forecasters will upgrade their growth outlook, even as a sell-off in technology and chip stocks unsettled global markets.
Delta Cuts 2026 Profit Forecast as Fuel Costs Surge $6 Billion
Delta Air Lines lowered its full-year earnings outlook on Friday, saying jet fuel costs tied to the Iran war are rising faster than it can recoup through higher fares.
Tech selloff hits Wall Street after report of OpenAI revenue shortfall
US stocks fell on Thursday after the Financial Times reported OpenAI's annualized revenue was roughly $20 billion below earlier investor estimates. A separate SpaceX spectrum deal hit telecom shares but lifted futures into Friday.
Guardian Columnist Warns Current Market Turmoil Echoes 2008 Crash
Economics writer Larry Elliott says rising oil prices, a bond market sell-off and an AI stock bubble mirror the warning signs that preceded the 2008 financial crisis.
Nike's Sliding Share Price Puts Its Dow Seat at Risk
Nike has already been dropped from the S&P 100 index. Analysts say its shrinking market value now makes it the most likely candidate to be removed from the Dow Jones Industrial Average as well.
airBaltic Files for Chapter 11 Bankruptcy Protection in New York
Latvia's flag carrier has entered a court-supervised restructuring in the United States to cut its debt, securing €350 million in emergency financing while insisting flights and ticket sales continue as normal.
Canada Seeks C$1 Trillion in Foreign Investment at Toronto Summit
Prime Minister Mark Carney is asking global investors for roughly US$723 billion over five years, betting that unease over US tariffs will send capital north.
Saudi Arabia Shuts Key Pipeline After Attacks as Oil Prices Surge
Riyadh halted its main oil export route bypassing the Strait of Hormuz after strikes on pump stations, as Houthi forces advance on another vital chokepoint and Brent crude climbs past $100 a barrel.
FT Reports Houthi Forces Seized Red Sea Islands, Details Unverified
The Financial Times says Yemen's Houthi movement has taken Red Sea islands from Saudi-backed forces in a rapid offensive. The specific claim could not be independently corroborated at the time of writing.
Jaguar Land Rover to cut 4,000 jobs worldwide over two years
Britain's largest carmaker will shed roughly a tenth of its workforce, mostly in management and research roles, as it tries to recover from a cyberattack, US tariffs and falling sales.
Mistral raises €3bn, becomes Europe's most valuable AI startup
The Paris-based AI company has closed a €3 billion funding round led by Samsung Electronics, valuing it at more than €21 billion and marking Europe's largest technology equity raise to date.
Hedge fund billionaire Chris Rokos to leave UK tax residency for Greece
Chris Rokos, founder of Rokos Capital Management and Britain's third-highest taxpayer last year, is preparing to move his tax residency to Greece and open an office in Athens, Bloomberg reports.
Houthi Attacks on Saudi Oil Sites Push Brent Crude Toward $100
Yemen's Houthi rebels struck energy facilities across southern Saudi Arabia on 8 September, injuring more than 70 people and driving oil and gas prices sharply higher.
Canada Hits Back at US With Tariffs on 700 Products
Canada has imposed retaliatory tariffs of up to 50% on roughly US$20 billion of American goods, deepening a trade dispute that began when President Trump raised duties on Canadian exports earlier this year.
US regulator investigates Tesla's driverless Cybercab after fatal crash
America's road safety agency has opened a probe into Tesla's Cybercab robotaxi, hours after the vehicles began carrying passengers in Austin, Texas. The investigation covers roughly 1,000 vehicles and at least nine crashes, including one that killed a pedestrian.
UK startup Souk raises $1.6 million to revive dormant B2B partnerships
Souk, a London-founded software startup, has secured pre-seed funding led by Sure Valley Ventures to build an AI system that finds and reactivates underperforming referral partners for B2B companies.
European tech startups raised over €475 million in one week
Tech.eu's latest weekly recap tracked more than 35 funding deals across Europe, a slower week compared with the totals recorded through most of August 2026.
Yen Slides Past ¥160 as Fed Chief Signals More Rate Hikes
A hawkish speech from new Federal Reserve Chairman Kevin Warsh sent the yen through ¥160 to the dollar and pushed Japanese bond yields to a 30-year high, wiping out much of the gain from a record currency intervention just weeks earlier.
Trump announces US stake in Venezuela's oil reserves after Maduro's capture
US President Donald Trump says a new joint venture gives Washington majority control of tens of billions of barrels of Venezuelan crude. The deal follows the capture of former president Nicolás Maduro and comes with a 100-year concession attached.
Space Tech Startups Head for Record $20.3 Billion Funding Year
Venture investment in space and satellite startups has already hit an all-time high in 2026, with four months still to go, as capital piles into a handful of massive late-stage rounds.
Fed's Warsh gives first Jackson Hole speech amid rate uncertainty
Kevin Warsh delivers his debut keynote as Federal Reserve chair on Friday, with investors seeking clarity on inflation and interest rates after months of sparse communication.
Dutch startup VitalFluid raises €17.2 million to fight crop disease with electrified water
VitalFluid, a spin-out from Eindhoven University of Technology, has closed a €17.2 million Series A round to expand plasma-activated water technology as a residue-free alternative to chemical fungicides.