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Business
UK Government Backs Universal Studios Resort
The UK government commits £1.3 billion to support Universal Studios’ first European theme park near Bedford. The project is expected to create 28,000 jobs and generate nearly £50 billion in economic growth by 2055.
Latest in Business
Ford Recalls 420,000 Vehicles For Seat Belt Defect
Ford Motor Co. is recalling nearly 420,000 vehicles due to a seat belt defect that may cause injury in a crash. The recall affects 2018–2022 Ford Expedition and Lincoln Navigator models and expands on earlier actions related to the same issue.
6 Million Children Enroll in Trump Accounts
Nearly 6 million children have enrolled in Trump Accounts, new tax-advantaged savings accounts for minors launching July 4. The accounts allow contributions without requiring the child to have earned income.
9/11 Memorial Launches $75 Million Youth Education Campaign
The 9/11 Memorial and Museum launched The Never Forget Fund to teach U.S. youth about the 2001 attacks. The campaign will support exhibits, classroom resources, and free access for students, first responders, and veterans.
U.S. Home Delistings Hit Highest Since 2020
In April 2026, 5.8% of U.S. home listings were taken off the market, matching the highest delisting rate since March 2020. Atlanta had the highest metro delisting rate at 10.7% among the 50 largest U.S. metropolitan areas.
Newsom Proposes $38 Million More for Calbright College
Governor Gavin Newsom proposed $38 million in new funding for Calbright College, bringing state support to $53 million. The college faces layoffs and scrutiny over cost-effectiveness despite rising enrollment and certificate awards.
Older Student Parents Face Higher Eviction Rates
Student parents aged 35 to 39 face double the eviction filing rate of nonstudent peers. Richard Davis and Nick Graetz cite systemic gaps in financial aid and housing support.
Congress Expands Low-Income Housing Tax Credit
Congress approved the largest expansion in decades of the Low-Income Housing Tax Credit program. Researchers say it fails to reach the poorest households and underperforms compared to rental vouchers.
Trump Administration Considers Tariff on Australia For Forced Labor Imports
The Trump administration may impose a 12.5% tariff on Australia for failing to enforce bans on forced labor imports. U.S. Trade Representative Jamieson Greer called such failures unacceptable and harmful to American workers.
Ovo Energy Pays £10M For Prepayment Meter Failures
Ovo Energy will pay over £10 million in redress after Ofgem found it failed to monitor vulnerable prepayment meter customers from 2018 to 2024. The settlement includes payments to a redress fund, customer debt relief, and compensation for rural Scottish customers.
Mamdani Delays EDC Leadership Appointment
Mayor Zohran Mamdani has not named a permanent head for the Economic Development Corp. five months into his term. His administration is reorienting the agency toward economic justice and community input.
Zuo Xiaoyong Receives 1,000 Applications for Herding Job
Zuo Xiaoyong received over 1,000 applications for a remote sheep herding job offering 16,000 yuan monthly. Many urban youth sought escape from competitive city life and high unemployment.
Cambodia Advances Toward CPTPP Accession Ahead of LDC Graduation
Cambodia is preparing to join the CPTPP as it nears graduation from Least Developed Country status in 2029. Senior Minister Sok Siphana leads efforts to align Cambodian laws with the trade pact's high standards.
Copper Wire Theft Surges in California
Copper wire theft has surged across California, with AT&T reporting 7,000 incidents in the state over the past year. Rising copper prices correlate with increased thefts targeting essential infrastructure, prompting new security measures and a statewide enforcement response.
Social Security Administration Cuts 7,100 Jobs in 2025
The Social Security Administration eliminated over 7,100 positions in 2025, its largest workforce reduction ever. It also closed six regional offices and removed key customer service metrics from its website.
Novo Nordisk Launches Wegovy Pill in UAE
Novo Nordisk launched its Wegovy weight loss pill in the United Arab Emirates in 2026. The Emirates Drug Establishment approved it for weight management and cardiovascular risk reduction in high-risk patients.
Albanese Government Admits Illegal Welfare Cancellations
The Albanese government acknowledged it unlawfully cancelled about 300,000 Centrelink payments between 2020 and 2024. Economic Justice Australia estimates one-fifth of affected recipients may qualify for remediation.
Chalmers Highlights Datacentre Boom During Slowing GDP
Australia's real GDP growth slowed to 0.3% in the March 2026 quarter. Treasurer Jim Chalmers cited strong datacentre investment as a key driver of business spending.
OECD Warns Rural UK Confronts Diesel Shortage Risk
The OECD warns rural UK areas risk diesel shortages due to Iran conflict. It cites higher fertilizer costs and revises UK growth forecasts upward for 2024.
OECD Cuts Global Growth Forecast During Strait Disruptions
The OECD lowered its global growth projections due to conflict disrupting the Strait of Hormuz. Chief economist Stefano Scarpetta warned prolonged disruptions would raise economic and social costs.
S&P Dow Jones Proposes Easing MegaCap Listing Rules
S&P Dow Jones Indices proposed waiving key listing requirements for MegaCap companies. The changes would shorten seasoning periods, drop earnings rules, and reduce public float thresholds.
Vonore Commission Hears Opposition to Data Center Zoning
The Vonore Regional Planning Commission considered zoning changes for data centers but made no amendments after public opposition. Mayor John Hammontree cited community concerns about water use, electricity demand, and long-term environmental impacts.
Remote Work Linked to Rise in Youth Unemployment
New York Fed researchers found remote work may explain 64% of increased youth unemployment since the pandemic. Recent college grads aged 22 to 27 face a 5.6% unemployment rate.
Thailand Scrutinizes 50,000 Foreign-Linked Companies
Thai authorities are investigating 50,000 companies suspected of using Thai nominees to bypass foreign ownership laws. Prime Minister Anutin Charnvirakul pledged prosecution of those violating the Foreign Business Act.