Section front
Latest reporting, briefings and public-interest updates from the business desk.
GSK plans job cuts and a £1.9 billion cost-reduction programme while committing £400 million to UK life sciences and consolidating research operations around Cambridge and Ware.
Ethiopian Electric Utility has launched a distribution expansion and modernization roadmap estimating $30.65 billion in investment through 2049.
Ethiopia’s Ministry of Revenues says collections reached 1.518 trillion birr in 2025/26, 68.69 percent above the previous fiscal year and ahead of a revised target.
DCC Energy’s board recommended a £5.75 billion takeover offer from KKR and Energy Capital Partners despite concerns from the company’s founder and major shareholders.
Australia recorded 103,855 battery-electric vehicle sales in the first half of 2026, slightly more than the 103,269 sold during all of 2025, according to industry data.
Economists expect the Bank of England to hold its benchmark rate at 3.75% this week, but warn that sustained oil prices above $90-$100 a barrel could force increases later this year.
Ethiopia’s installed electricity generation capacity has exceeded 9,730 megawatts, Water and Energy Minister Habtamu Itefa said in an annual performance update.
Brent crude rose above $100 a barrel on 23 July 2026 for the first time in two months as renewed Middle East fighting and reported Houthi attacks on Saudi tankers raised fears of deeper supply disruption.
