Business
Earnings call transcript: Raiffeisen Bank misses EPS forecast in Q4 2025
Business
New to ingredient markets? Market Fundamentals course a good place to start

Industry experts lay the ground for understanding commodity markets amid market volatility noise.
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Dubai expats fleeing Middle East conflict fear UK tax bills over 183-day rule
Thousands of British expatriates fleeing the escalating conflict in the Middle East are urging the UK government to clarify whether they could face unexpected tax bills after returning to Britain earlier than planned.
Tax specialists warn that some of the roughly 160,000 British nationals living across the region, including many based in Dubai, may inadvertently breach the UK’s tax residency rules if their emergency return pushes them over the 183-day threshold spent in the country during the current financial year.
The UK tax year ends on April 5, meaning the timing of the crisis could have significant financial consequences for expatriates who were already close to the residency limit before the conflict intensified.
Under the UK’s statutory residence test, individuals who spend 183 days or more in Britain within a tax year are generally considered UK tax residents. If that threshold is crossed, global income, including earnings generated overseas, may become liable for UK taxation.
For many British expatriates who relocated to the United Arab Emirates specifically to benefit from its largely tax-free regime, such a change in residency status could create a substantial and unexpected tax liability.
The concern has been amplified by the sudden deterioration of the security situation across parts of the Gulf following US-Israeli attacks on Iran and retaliatory strikes by Iranian forces. Drone attacks have reportedly targeted infrastructure in the UAE, including areas of Dubai, prompting some expatriates to temporarily return to Britain with their families.
Sandra Jeevan, a partner at accountancy firm UHY Hacker Young, said the situation has created significant anxiety for expatriate families who left the region primarily for safety reasons.
“We are hearing from many families who never intended to return to the UK this year but now have had no choice,” she said. “They could face exposure to UK tax simply because their emergency return alters their UK residence position.
“When you are trying to move your family to safety, you are not focused on day-count rules or technical residence tests.”
The UK’s tax rules do allow limited flexibility in certain circumstances. HM Revenue & Customs permits individuals to disregard up to 60 days spent in the UK if those days arise due to “exceptional circumstances” beyond their control.
Events such as war, civil unrest, natural disasters or sudden travel restrictions can potentially qualify under this provision. However, tax advisers warn that the exemption is narrow and subject to strict interpretation.
For example, HMRC guidance states that remaining in the UK for personal reasons after the immediate crisis has passed, such as staying with family or delaying a return abroad, may not be treated as an exceptional circumstance.
This creates uncertainty for expatriates who may initially return for safety but remain in Britain for several weeks while assessing the evolving situation in the region.
Nimesh Shah, chief executive of advisory firm Blick Rothenberg, said the number of enquiries from UAE-based expatriates has risen sharply in recent weeks.
“I’ve had a disproportionate number of calls from people wanting to leave the UAE,” he said. “But I’ve advised them not to rely too heavily on the exceptional circumstances provisions.
“HMRC is likely to take the view that people chose to move abroad primarily to benefit from a low-tax environment. It may therefore be reluctant to allow extended periods back in the UK without triggering residency consequences.”
As a result, some expatriates are reportedly considering temporary relocation to other countries rather than returning directly to Britain. Countries such as Ireland or France are being explored as short-term alternatives that would allow individuals to remain outside the UK long enough to avoid breaching the 183-day rule.
The issue highlights the complex interaction between international mobility and tax residency rules at times of geopolitical crisis.
While the UAE has become a major destination for British professionals over the past decade, particularly in sectors such as finance, property and technology, the region’s exposure to geopolitical tensions means that sudden relocations can quickly create tax complications.
A spokesperson for HM Revenue & Customs said the existing framework already provides protections for individuals caught up in extraordinary situations.
“The existing rules provide the right protection while following the basic principle that individuals living in the UK should pay tax in the UK,” the spokesperson said.
“Exceptional circumstances, such as being affected by a war, are taken into account.”
However, advisers say greater clarity from the government would help provide reassurance to expatriates making urgent decisions about their safety.
With the end of the tax year approaching rapidly, many affected individuals are now seeking urgent professional advice to assess their residency status and determine whether emergency travel could leave them facing a significant UK tax liability.
Business
Mondelez starts up new Toblerone manufacturing line

Part of major investment announced nearly a year ago.
Business
Canada Inflation Cooled in February
OTTAWA—Inflation in Canada eased off in February to a nine-month low and fell back below the Bank of Canada’s target, a break for consumer wallets ahead of a likely acceleration as the conflict in the Middle East lifts energy costs and clouds the outlook.
The consumer-price index rose 1.8% from a year earlier, the national statistics agency said Monday. That was a tick slower than the 1.9% inflation economists had expected after the pace dipped to 2.3% the month before.
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Business
Affordable Powerhouse Delivers Blazing Speeds and Robust Privacy
Surfshark VPN has solidified its position as one of the top budget-friendly virtual private network services in 2026, earning high marks from independent reviewers for its combination of low cost, unlimited simultaneous device connections and strong performance across streaming, torrenting and general privacy needs.
Launched in 2018 and headquartered in the Netherlands, Surfshark has grown rapidly into a major player in the VPN market, now boasting more than 3,200 servers in over 100 countries. Recent expert evaluations from sources including TechRadar, Cybernews, Security.org and vpnMentor highlight its evolution from an underdog to a reliable, feature-rich option that frequently outperforms more expensive competitors.
Pricing remains one of Surfshark’s strongest selling points. As of March 2026, the Surfshark Starter plan starts at $1.99 per month on a two-year subscription, often bundled with three extra months free, delivering savings of up to 87%. Higher tiers include Surfshark One at $2.49 monthly (adding antivirus, private search and data leak alerts) and Surfshark One+ at $4.19 (including identity protection and credit monitoring). All plans come with a 30-day money-back guarantee, making it easy for users to test the service risk-free.
Independent speed tests in early 2026 confirm Surfshark’s impressive performance. Reviewers report average speed losses as low as 21% on high-quality connections, with the provider rolling out 10 Gbps servers in key locations during 2025 to further boost throughput. This enables seamless 4K streaming without buffering, low-latency gaming and fast torrent downloads. TechRadar noted in its February 2026 update that Surfshark’s WireGuard protocol delivers particularly quick connections, while maintaining low ping times ideal for real-time applications.
Streaming capabilities stand out as a major strength. Surfshark reliably unblocks more than 30 global catalogs, including Netflix libraries in the U.S., U.K., Japan and elsewhere, as well as Disney+, Hulu, BBC iPlayer and Amazon Prime Video. Testers in 2026 praised its ability to bypass geo-restrictions consistently, with minimal interruptions even during peak hours. The CleanWeb feature blocks ads, trackers and malware, enhancing the browsing experience on streaming sites.
Security and privacy features receive consistent praise. Surfshark employs AES-256 encryption, supports WireGuard, OpenVPN and IKEv2 protocols, and includes a strict no-logs policy independently audited multiple times. Key additions include a kill switch, Camouflage Mode (to disguise VPN traffic), MultiHop (double VPN routing), Bypasser (split tunneling) and Nexus technology for dynamic server chaining. While one review mentioned temporary IP logging for troubleshooting, the overall consensus affirms strong privacy protections, with the company based outside the 14 Eyes surveillance alliance.
Unlimited simultaneous connections set Surfshark apart from rivals like ExpressVPN or NordVPN, which cap users at five to ten devices. This makes it especially appealing for households, small businesses or users with multiple gadgets, from smartphones and laptops to routers and smart TVs.
The apps earn high usability scores across platforms. Windows, macOS, iOS, Android and Linux clients feature intuitive interfaces with quick-connect options, server lists sorted by speed or location, and advanced settings for power users. Recent updates have refined the user experience, adding better dark mode support and streamlined onboarding.
Customer support includes 24/7 live chat, email tickets and an extensive knowledge base. Response times are generally quick, with reviewers noting helpful agents who resolve issues efficiently. Trustpilot ratings hover around 4.3 out of 5 from tens of thousands of reviews, reflecting solid user satisfaction.
Potential drawbacks exist. Some testers found occasional inconsistencies in connecting to certain servers in heavily censored regions, though performance in most locations remains strong. The base plan lacks extras like dedicated IP addresses (available as add-ons), and renewal prices increase after promotional periods — a common industry practice.
In broader comparisons, Surfshark frequently ranks among the best value VPNs for 2026. PCMag includes it in its top-tier picks for unlimited connections and rock-solid privacy. CNET highlights its speeds and unique features on a budget, while Tom’s Guide praises its introductory pricing and core capabilities. Cybernews and TheBestVPN.com call it the go-to for streaming and torrenting enthusiasts seeking affordability without sacrificing quality.
As online privacy concerns grow amid increasing data collection and cyber threats, Surfshark’s blend of accessibility and advanced tools appeals to both beginners and experienced users. Its focus on innovation — including ongoing server upgrades and feature expansions — positions it well for continued growth.
For those prioritizing cost savings alongside reliable protection, Surfshark emerges as a compelling choice in the crowded VPN landscape. With its current promotions and proven track record, it offers substantial value for anyone looking to secure their online activity without breaking the bank.
Disclosure: This post contains affiliate links. We may receive a commission for purchases made through these links at no additional cost to you.
Business
Key Differences Explained as Severe Weather Season Intensifies
As spring severe weather season ramps up across the United States, the National Weather Service continues to emphasize the critical distinction between a **tornado watch** and a **tornado warning** — two alerts that often cause confusion but carry vastly different implications for public safety.

With recent devastating tornado outbreaks in the Midwest during early March 2026 leaving damage in states like Indiana and Illinois, including at least 10 fatalities reported in preliminary assessments from the first 10 days of the month, meteorologists and emergency officials are urging residents to understand these terms clearly. The difference can mean the difference between preparation and immediate life-saving action.
According to the latest guidance from the National Oceanic and Atmospheric Administration’s National Weather Service, a **tornado watch** signals that conditions are favorable for the development of tornadoes in and near a designated area. Issued by the Storm Prediction Center in Norman, Oklahoma, watches cover large regions — often spanning multiple counties or even several states — and are typically announced several hours in advance, sometimes up to 4 to 8 hours or more.
A watch does not mean a tornado is occurring or imminent. Instead, it means the atmospheric ingredients — such as instability, wind shear and moisture — are in place for severe thunderstorms that could produce tornadoes, along with damaging winds of 58 mph or higher and hail of 1 inch in diameter or larger. The NWS describes it as a “be prepared” alert: Residents should review family emergency plans, check supplies like flashlights, batteries and water, identify safe shelter locations and stay tuned to weather updates or NOAA Weather Radio.
In contrast, a **tornado warning** represents an urgent “take action” directive. Issued by local National Weather Service forecast offices, warnings are triggered when a tornado has been sighted by trained spotters, law enforcement or storm chasers, or when radar strongly indicates a rotating storm with tornadic characteristics. These alerts cover much smaller areas — often the size of a city or a portion of a county — and usually last 30 to 60 minutes.
When a warning is in effect, there is imminent danger to life and property. The NWS instructs people to seek shelter immediately: Move to an interior room on the lowest floor of a sturdy building, away from windows, and cover yourself with blankets or mattresses for protection from flying debris. Those in mobile homes, vehicles or outdoors should relocate to the nearest substantial shelter. Basements or storm cellars offer the best protection, though any low-lying interior space is preferable to remaining exposed.
The NWS stresses that warnings can sometimes be issued without a preceding watch if a tornado develops suddenly, though most major events occur under watch conditions. In extreme cases involving particularly violent, long-track or densely populated threats, forecasters may escalate language to a **tornado emergency** — a rare, enhanced wording within a warning that underscores catastrophic potential and urges immediate protective action.
Recent events highlight the real-world stakes. During the March 10, 2026, outbreak across parts of the Midwest, multiple tornado warnings were issued as storms produced confirmed tornadoes, resulting in widespread damage to homes, infrastructure and communities in Indiana and Illinois. Videos and reports from the scene showed debris scattered across fields and neighborhoods, underscoring how quickly conditions can deteriorate from watch-level risk to warning-level emergency.
Experts note that public response improves dramatically when people recognize the progression: A watch prompts proactive steps like charging devices and designating roles for family members, while a warning demands instant movement to safety. Misunderstandings persist, with some interpreting a watch as time to “go look for a tornado” or a warning as merely something to monitor — dangerous misconceptions that the NWS actively combats through public education campaigns, especially during Severe Weather Awareness Weeks held in various states.
In 2026, as climate patterns continue to influence severe weather frequency and intensity, forecasters report that early-season outbreaks like the recent one align with historical norms for March and April in the central and southern Plains, extending into the Southeast and Midwest. The Storm Prediction Center’s convective outlooks often include watch probabilities days in advance, giving communities extra lead time.
Safety recommendations remain consistent regardless of location. The NWS advises against seeking shelter under highway overpasses, in vehicles during warnings or near exterior walls and windows. For those with disabilities or mobility challenges, advance planning — such as identifying accessible shelters or arranging assistance — is essential.
Mobile alert systems, including Wireless Emergency Alerts sent directly to cellphones, have become a primary dissemination tool for warnings, often arriving with distinctive tones and vibrations. Residents are encouraged to enable these notifications and supplement them with battery-powered radios for continued updates during power outages.
As severe weather threats evolve, understanding the watch-warning distinction empowers individuals and communities to act decisively. The NWS mantra remains straightforward: During a watch, prepare; during a warning, act without delay.
With spring just beginning and more active periods likely ahead, officials reiterate that familiarity with these alerts saves lives. In the wake of recent tragedies, renewed focus on education could prevent future losses when the next storm system approaches.
Business
Rivian: Return To Growth In 2026
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Nvidia Stock Gains
Nvidia stock was rising Monday morning ahead of the GTC event.
Shares were up 2.1% to $184.22 shortly after the stock market opened.
Wall Street is now waiting for CEO Jensen Huang’s keynote address to start at 2 p.m. EST. Investors are hoping the chip maker will announce something exciting that can get the stock moving again.
Business
Pet Food Processing Exchange 2026: Pet food manufacturing conference returns to Kansas City

The event’s third edition offers insights and solutions to help pet food processors succeed in today’s challenging environment.
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UK automotive skills shortage hits record high as 92% of employers struggle to recruit
The UK automotive sector is facing the most severe skills shortage of any industry in the country, with more than nine in ten employers struggling to recruit the specialist talent they need, according to new research.
Data from ManpowerGroup’s 2026 Talent Shortage Survey shows that 92 per cent of UK automotive employers report difficulty filling roles, making it the hardest-hit sector for recruitment in the country. The figure sits almost 20 percentage points above the national average, where 73 per cent of employers say they are unable to find suitable candidates.
The findings highlight growing strain within the automotive industry as the sector undergoes one of the most significant technological transformations in its history. Electrification, advanced vehicle software, and new manufacturing technologies are reshaping the types of skills companies require, but the supply of qualified workers is struggling to keep pace with demand.
Engineering skills remain the most difficult capability for employers to source, with 46 per cent of automotive businesses reporting a shortage in this area. Manufacturing and production roles follow closely behind, with 25 per cent of employers saying they are struggling to recruit workers with the required technical experience.
The shortage is particularly acute in regions traditionally associated with automotive manufacturing. The West Midlands, widely regarded as the historic centre of the UK automotive industry, is experiencing especially intense competition for engineering and technical talent. Manufacturers, suppliers and emerging electric vehicle companies across the region are increasingly competing for the same limited pool of skilled specialists.
The recruitment pressures come at a time when the sector is also grappling with declining production levels. UK vehicle manufacturing fell to its lowest level in more than seven decades in 2025, with output dropping to levels not seen since 1952. The combination of falling production and rising technological complexity is placing further pressure on companies already struggling to adapt to structural changes in the global automotive market.
Industry leaders warn that the shortage of skilled workers could slow the UK’s transition toward electrified and software-driven vehicles if urgent steps are not taken to expand the talent pipeline.
Michael Stull, managing director of ManpowerGroup UK, said the findings reveal a growing mismatch between the capabilities employers need and the skills currently available in the labour market.
“Automotive businesses are telling us they simply cannot get the skills they need,” he said. “Engineering talent in particular is in critically short supply. As the sector accelerates towards electrification and more technology-driven roles, the demand for new capabilities is growing much faster than the available talent.”
He added that solving the shortage will require long-term investment in workforce development rather than short-term recruitment strategies.
“Employers will only overcome these pressures by investing in upskilling programmes and working closely with schools, colleges and training providers to widen access to future-focused skills,” Stull said.
The shift toward electric vehicles and connected car technologies is creating new categories of roles across the industry, including software engineering, battery technology, data analysis and advanced manufacturing engineering. Many of these skills have historically been associated more closely with the technology sector than with traditional automotive manufacturing.
As a result, carmakers and suppliers are increasingly competing with technology companies for the same engineers and digital specialists.
Analysts say the growing skills gap underscores the importance of expanding technical education pathways and modern apprenticeships to ensure the UK automotive industry can remain competitive in the global transition to electric mobility.
Without a significant expansion of the talent pipeline, the sector risks facing prolonged recruitment challenges that could constrain investment, innovation and production capacity in the years ahead.
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