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Oil shock, inflation pressures dampen RBI rate-cut hopes

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Oil shock, inflation pressures dampen RBI rate-cut hopes
Mumbai: The probability of a further cut in India’s policy interest rates in the current easing cycle has significantly reduced, economists told ET, citing the risks of supply disruptions and oil-fed imported inflation due to the West Asia crisis, and the end to a favourable base effect that had made recent food price increases seem rather modest.

They said the Reserve Bank of India’s move to hit the ‘pause’ button on rates could quickly change if inflation rears its head yet again. Sustained foreign outflows from Indian growth assets and the consequent pummelling of the rupee – on course to be Asia’s worst currency this year, – could force the RBI to act sooner on rates than previously thought.

“The chances of a long pause for which the market was preparing before this crisis have certainly diminished. Of course, the RBI would not take the call immediately,” said Indranil Pan, chief economist, Yes Bank. “It is fair to assume that there will be no action in April – or even June – but the chances of a cut are almost non-existent now.”

Global benchmark Brent crude rose to a four year-high of $120 per barrel Monday over concerns of a supply disruption, but has since eased to $90 per barrel after the International Energy Agency announced a historic release of emergency reserves. Prices are still higher than around the $73 per barrel before the US-Israel coalition attacked Iran on February 27.

The Monetary Policy Committee (MPC) would announce its decision on benchmark rates next on April 9. Of course, the latest inflation prints – and broader trends in economic activity – would have a bearing on the rate action, economists said.

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The last inflation reading was at 2.75% in January. The February reading will be made public Thursday (March 12). Consumer inflation has trended below the central bank’s price stability mandate of 4% since January 2025, having touched a low of 0.25% in October 2025, mainly helped by a favourable base effect for food prices.
But economists are concerned the base-effect impact due previous spikes in inflation would wane soon. When that’s yoked together with the expected supply side disruptions, prices should harden.Moreover, with the central bank already delivering four rate cuts totalling 125 basis points since January 2025 to 5.25%, the room for further reduction is small.

Little Room to Manoeuvre
“Besides the inflationary pressures due to the Iran war the banking system itself is not equipped to handle another cut since deposit rates cannot go any lower,” said Madan Sabnavis, chief economist, Bank of Baroda. “Food inflation, which was helped by a base effect, will also not get that benefit starting April. This together with issues linked to LPG supply, airline fares and a possible El Nino condition will lead to higher inflation.”

The World Meteorological Organisation (WMO) has predicted El Nino weather conditions in the second half of 2026, leading to higher temperatures and likely patchy monsoons in India, further affecting food prices.

Sabnavis said he expects inflation will start inching up and go beyond 4% in the first half of next fiscal eliminating any chances of a further rate cut.

Rising oil prices and the risk of widening deficit has also accelerated foreign portfolio outflows from India. So far this calendar foreign funds have pulled out ‘35,808 crore from Indian markets, reflecting in the weakness of the rupee which plunged to an all time low of ‘92.35 per dollar on Monday. A weak rupee means RBI cannot afford to reduce rates further.

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“The situation remains fluid. However, the balance of risks has shifted away from an extended pause/ last rate cut to a pause plus hike. It’s premature to pencil in a hike just as of now. But if oil prices remain in USD90-100 a barrel for a year and global rate hikes begin, the MPC might have to consider a hike sooner rather than later for external sector management,” said Anubhuti Sahay, head, India economic research, Standard Chartered.

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Toyota issues recall for Highlander vehicles due to seat-back safety issue

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Toyota issues recall for Highlander vehicles due to seat-back safety issue

Toyota is recalling 550,007 vehicles because of a seat-back locking issue, federal regulators said.

The recall affects 420,771 Highlander and 129,236 Highlander Hybrid vehicles, all from model years 2021 through 2024, according to a notice filed with the National Highway Traffic Safety Administration.

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The notice said “second-row seat backs may fail to lock into position during seat back adjustment.”

TOYOTA RECALLS 141K VEHICLES OVER DOORS THAT COULD OPEN WHILE DRIVING

A green Toyota Highlander parked outside.

The exterior of a model year 2024 Toyota Highlander SUV (Toyota Motor Co.)

FORD RECALLS MORE THAN 83,000 VEHICLES OVER HEADLIGHT, ENGINE VALVE ISSUES

A seat back that has not been secured in a locked position may fail to properly restrain occupants, increasing the risk of injury in the event of a crash at higher speeds, the notice said.

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Ticker Security Last Change Change %
TM TOYOTA MOTOR CORP. 220.77 -0.24 -0.11%

The NHTSA said all owners of the affected vehicles will be notified to return their vehicles to a Toyota dealer. The dealer will replace the return springs in the recliner assemblies with improved ones, free of charge.

Owner notification letters are expected to be mailed in April.

Toyota also recalled around 141,000 Prius and Prius Prime vehicles last month after discovering that rear doors can unexpectedly open while the car is moving.

Opening Day Of The 2023 New York International Auto Show

Toyota recalled around 141,000 Prius and Prius Prime vehicles in February. (Stephanie Keith/Bloomberg via Getty Images)

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FOX Business reached out to Toyota for comment.

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Purchasing Seminar to explore commodity, consumer trends

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Purchasing Seminar to explore commodity, consumer trends

2026 Sosland Purchasing Seminar to be held May 31-June 2.

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(VIDEO) Real Madrid vs Manchester City: Where To Watch Livestream?

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Arsenal have three wins from three and are yet to concede a goal in this season's Champions League

Soccer enthusiasts worldwide are gearing up to live stream one of European football’s most anticipated matchups as Real Madrid hosts Manchester City in the first leg of their UEFA Champions League round of 16 tie on Wednesday, March 11, 2026.

Manchester City
Manchester City

The high-stakes encounter at the iconic Santiago Bernabéu Stadium marks the fifth consecutive season these two powerhouses have met in the knockout stages of the competition, solidifying their rivalry as a modern European classic. Kickoff is set for 9 p.m. local time (8 p.m. GMT, 3 p.m. ET, 12 p.m. PT), with fans seeking reliable live stream options to catch every moment of the action.

For viewers in the United States, Paramount+ stands as the primary platform for exclusive English-language coverage of UEFA Champions League matches this season. The streaming service provides comprehensive access to the full tournament, including pre-match analysis, live commentary, and post-game highlights. Subscribers can tune in via the Paramount+ app on smart TVs, mobile devices, web browsers, or connected streaming devices. A subscription starts at competitive rates, often with promotional offers for new users, making it an accessible choice for cord-cutters.

DAZN also offers streaming rights in select markets, including the U.S. and Canada, where fans can access the match alongside other soccer content. In Canada, fuboTV provides an additional option for live streaming, bundling Champions League coverage with a broad sports package. SiriusXM FC serves as an audio alternative for those preferring radio-style commentary while multitasking.

In the United Kingdom, the match airs live on Prime Video and TNT Sports 1, with discovery+ and the discovery+ app delivering streaming access. Viewers can follow along through official club apps and social media channels for additional updates and behind-the-scenes content.

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Globally, broadcasting rights vary by region. In India, SonyLIV holds streaming rights, while Stan Sport covers Australia. Many international fans turn to official UEFA partners or local broadcasters listed on livesoccertv.com for region-specific options. Free-to-air coverage remains limited in most territories due to the premium nature of Champions League rights, though highlights packages often appear on YouTube and club channels shortly after full time.

To ensure a seamless live stream experience, experts recommend a stable high-speed internet connection of at least 5 Mbps for standard definition and 25 Mbps for HD or 4K quality. Using a virtual private network (VPN) can help access geo-restricted streams if traveling or residing outside home markets, though users should comply with service terms and local laws. Paramount+ and other platforms support multiple devices simultaneously on higher-tier plans, allowing households to watch on phones, tablets, and TVs.

The matchup carries significant historical weight. Real Madrid and Manchester City have clashed repeatedly in recent years, with dramatic ties in semifinals (2022, 2023) and quarterfinals (2024). Last season’s playoff encounter saw Real Madrid advance, adding extra motivation for Pep Guardiola’s City side seeking revenge. The tie’s winner will face the victor of Atalanta versus Bayern Munich in the quarterfinals.

Team news adds intrigue to the broadcast. Real Madrid continues without star forward Kylian Mbappé due to injury concerns noted in recent reports, potentially relying on Vinícius Júnior and Jude Bellingham to lead the attack. Manchester City arrives with a strong squad, though manager Pep Guardiola emphasized the challenge of facing Real Madrid “in the eyes” during his pre-match press conference, highlighting the need for focus at the hostile Bernabéu.

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Pre-match buildup includes open training sessions streamed by both clubs. Manchester City’s session offered fans a glimpse of preparations, available on their official YouTube channel and website. Real Madrid’s channels provide similar content, building anticipation among global audiences.

For those unable to watch live, on-demand replays and extended highlights become available on Paramount+, DAZN, and club platforms within hours of the final whistle. Social media feeds from @realmadrid, @ManCity, and @ChampionsLeague deliver real-time updates, clips, and fan reactions.

The fixture underscores the Champions League’s global appeal, drawing millions of viewers across continents. As one of the tournament’s marquee ties, it showcases elite talent, tactical battles, and high drama — elements that make live streaming essential for fans unwilling to miss a second.

Officials from both clubs and UEFA have not reported any broadcast disruptions, though fans should check local listings closer to kickoff for any last-minute changes. With the second leg set for March 17 at the Etihad Stadium, Wednesday’s result will set the tone for what promises to be another thrilling chapter in this enduring rivalry.

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Whether rooting for Los Blancos’ European pedigree or City’s possession-based dominance, securing a reliable live stream ensures fans experience the full intensity of this blockbuster clash.

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Illinois Player Claims First Jackpot of 2026 Worth $536 Million

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Nancy Guthrie

An Illinois ticket holder became an instant multimillionaire after matching all six numbers in Tuesday night’s Mega Millions drawing, securing the first jackpot win of 2026 and ending a weeks-long streak without a top prize winner.

Mega Millions
Mega Millions

The winning numbers drawn on March 10, 2026, were white balls 16, 21, 30, 35, 65 and the gold Mega Ball 7. A single ticket sold in Illinois matched the combination to claim the estimated $536 million annuity prize, with a cash option valued at $245.6 million, according to official Mega Millions announcements. The final amount edged slightly higher than the pre-draw estimate of $533 million ($244.2 million cash) due to stronger-than-expected ticket sales.

The victory marks the first Mega Millions jackpot awarded this year, following the last win on Dec. 2, 2025, in New Jersey. Over the intervening 28 drawings, the prize rolled repeatedly, building excitement and drawing players nationwide. Illinois, one of the original participating states since the game’s launch in 2002, now boasts 17 jackpot wins or shares, reinforcing its reputation as a frequent big-prize destination.

Mega Millions officials confirmed the win Wednesday morning, noting the ticket was purchased within the state but withholding the specific retail location pending the winner’s decision on publicity. Winners in Illinois have the option to remain anonymous under state law, a provision that has shielded many past jackpot claimants from immediate media attention.

The prize structure allows the winner to choose between 30 graduated annual payments totaling $536 million or a one-time lump-sum cash payout of $245.6 million before taxes. Most large winners historically opt for the cash option, though financial advisors often recommend evaluating tax implications, investment opportunities and long-term needs.

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Federal taxes will claim about 37% of the lump-sum amount upfront, with Illinois state taxes adding another layer — typically around 4.95% for lottery winnings. After deductions, the take-home could fall to roughly $140 million to $150 million, depending on final calculations and any additional withholdings.

The drawing’s timing added extra significance, as Friday the 13th jackpots have occurred seven times historically, including notable wins in Michigan, New York and Ohio. While Tuesday’s win preceded Friday’s reset drawing, observers noted the coincidence of the game’s occasional Friday the 13th lore.

Ticket sales surged in the lead-up to the $533 million estimate, fueled by media coverage and the allure of a nine-figure windfall. Mega Millions, co-administered by 45 jurisdictions plus the District of Columbia and U.S. Virgin Islands, starts its jackpots at $50 million and grows based on sales and rollovers. The game’s odds of hitting the jackpot remain steep at 1 in 302,575,350, yet the massive potential payout continues to attract millions of players each draw.

This win follows a pattern of significant prizes in recent years. In late 2025, a Georgia player claimed a historic $983 million jackpot — the largest in state history — after purchasing a Quick Pick ticket at a Publix supermarket in Newnan. That prize, drawn in November 2025, ended a prolonged rollover streak and highlighted the game’s ability to produce life-changing sums.

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Earlier in 2025, other notable wins included a $980 million jackpot also in Georgia, underscoring the southeastern state’s recent luck. Illinois’ latest triumph adds to a diverse winner map, with jackpots previously landing in states like California, Florida and New Jersey.

For the immediate future, the Mega Millions jackpot resets to its minimum $50 million (cash value $22.9 million) for the next drawing on Friday, March 13, at 11 p.m. ET. Players can purchase tickets through authorized retailers or, in select jurisdictions like Illinois, via online platforms where available. The game requires selecting five numbers from 1 to 70 and one Mega Ball from 1 to 25, with the optional Megaplier feature multiplying non-jackpot prizes up to 10 times for an additional $1.

Lottery experts remind players to sign the back of winning tickets immediately, store them securely and contact state lottery offices for claiming instructions. Large prizes typically require in-person validation at headquarters, with deadlines varying by state — often 180 days to one year from the draw date.

The Illinois winner’s story remains unfolding, as officials await confirmation of the claim process. Past jackpot recipients have used winnings for philanthropy, debt elimination, family support and business ventures, though financial planners caution against rapid spending and stress the importance of professional guidance.

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As word spreads, the win injects fresh energy into the lottery landscape, reminding participants that while odds are long, someone eventually beats them. With the reset jackpot now in play, eyes turn to Friday’s drawing and the possibility of another rapid buildup.

Mega Millions drawings occur Tuesdays and Fridays, broadcast live and available through official apps and websites. Players are encouraged to check results promptly and responsibly.

The identity and plans of the Illinois winner may emerge in coming weeks, but for now, one fortunate individual holds the distinction of starting 2026 with an extraordinary financial windfall.

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Latifah Says ‘I’m 100% A-OK’ in Instagram Video

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Enhypen

Queen Latifah has firmly debunked a viral death hoax that spread across social media this week, assuring fans in a personal video that she is alive, well and “100% A-OK.”

Queen Latifah
Queen Latifah

The rapper, actress and producer, whose real name is Dana Owens, posted a short Instagram clip on Thursday, March 5, 2026, directly addressing the false rumors that had begun circulating online earlier in the week. In the video, filmed from inside her car, the 55-year-old entertainment icon appeared relaxed and smiling as she spoke to her followers.

“Good morning. It’s me, Latifah,” she said in the clip, which quickly garnered widespread attention. “I’m 100% A-OK. Can’t believe what you read on the internet or see. Can’t believe nothin’ now, right? I’m good. Peace.”

She blew a kiss to the camera before ending the message, emphasizing the unreliability of online information. The post included a note clarifying that a specific clip circulating on Facebook — which some users had misinterpreted or fabricated as evidence of her passing — was fake.

The rumors, which appeared to originate from unverified social media posts and quickly spread to platforms including X (formerly Twitter) and Facebook, falsely claimed the star had died. Some variants of the hoax speculated about causes such as complications from cosmetic surgery like a tummy tuck or hernia procedure, though no credible sources supported any of these claims. The misinformation prompted concern among fans, leading her name to trend briefly as people searched for confirmation.

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Queen Latifah’s swift response highlights a growing trend among celebrities facing similar hoaxes in the digital age. Death rumors have targeted numerous high-profile figures in recent years, often fueled by fabricated posts, AI-generated content or simple misinformation that spreads rapidly before facts can catch up.

The multi-talented artist, known for her pioneering work in hip-hop as one of the first female rappers to achieve mainstream success, has maintained a relatively low-key social media presence in recent times. She rarely addresses rumors directly, making her decision to post the video a notable exception. Sources close to the situation say she felt compelled to speak out after seeing the level of worry among supporters.

Queen Latifah rose to fame in the late 1980s and early 1990s with albums like “All Hail the Queen” and hits including “U.N.I.T.Y.,” which earned her a Grammy Award and became an anthem for women’s empowerment. She transitioned successfully into acting, starring in films such as “Set It Off,” “Chicago,” “Bringing Down the House” and “Girls Trip.” Her television work includes leading roles in “Living Single” and the CBS drama series “The Equalizer,” where she plays Robyn McCall, a modern-day vigilante.

In recent years, she has expanded her influence behind the camera through her production company, Flavor Unit Entertainment. Just around the time the rumors surfaced, reports emerged that she had signed a deal with Lifetime to executive produce three original movies, continuing her commitment to storytelling that highlights diverse voices.

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Queen Latifah has been open about personal health and wellness in interviews. In a June 2025 conversation with The Healthy, she discussed making lifestyle changes to feel stronger and healthier, including adjustments to her routine amid navigating menopause. She has not disclosed any serious medical issues, and her recent public appearances — including attending the 68th Grammy Awards in February 2026 — showed her in good spirits.

The hoax serves as a reminder of the challenges public figures face in an era of instant information sharing. Platforms have struggled to curb the spread of false death claims, which often exploit fans’ emotions for engagement or clicks. Similar incidents have affected other celebrities recently, underscoring the need for caution when consuming unverified online content.

Fans flooded Queen Latifah’s comments sections with relief and support following her video. Many praised her for handling the situation with grace and humor, while others shared messages of appreciation for her contributions to music, film and culture.

As of March 12, 2026, no further rumors have persisted, and Queen Latifah appears focused on her ongoing projects. Her Instagram post, which has been reposted and covered by outlets including TMZ, Billboard, E! News, BET and People, effectively quashed the false narrative.

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In an industry where misinformation can spread faster than verification, Queen Latifah’s direct approach offered a clear message: Verify before believing, and trust the source.

The incident also spotlights the resilience of icons like Queen Latifah, who continue to inspire across generations despite attempts to undermine their legacies through baseless claims. With her trademark poise, she reminded everyone that the Queen is very much alive and reigning strong.

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(VIDEO) FBI Warns California Police of Potential Iranian Drone Attack in Retaliation for U.S. Strikes

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LOS ANGELES

LOS ANGELES — Federal authorities have alerted law enforcement agencies across California to a possible Iranian retaliation involving drone attacks on the West Coast, according to a bulletin reviewed by multiple news outlets, though officials emphasized there is no confirmed imminent threat or specific details about timing, targets or methods.

LOS ANGELES
LOS ANGELES

The FBI distributed the alert to California police departments in late February 2026, warning that Iran had allegedly considered launching a “surprise attack” using unmanned aerial vehicles (UAVs) from an unidentified vessel off the U.S. coast, specifically targeting unspecified locations in California if the United States carried out strikes against Iran.

“We recently acquired information that as of early February 2026, Iran allegedly aspired to conduct a surprise attack using unmanned aerial vehicles from an unidentified vessel off the coast of the United State Homeland, specifically against unspecified targets in California, in the event that the US conducted strikes against Iran,” the bulletin stated, according to reports from ABC News and other sources. “We have no additional information on the timing, method, target, or perpetrators of this alleged attack.”

The warning surfaced publicly on March 11, 2026, amid escalating tensions in the Middle East following U.S. and Israeli military actions against Iran. Reports indicate recent American strikes under the Trump administration targeted Iranian assets, prompting retaliatory drone strikes by Iran against U.S. interests and allies in the region. President Donald Trump commented on the reports, stating he was “not worried” about Iran-backed attacks on U.S. soil.

An FBI spokesperson in Los Angeles declined to comment on the bulletin when reached by media outlets. Officials stressed that the intelligence remains uncorroborated and that no credible, specific threat has been identified. The alert appears intended to heighten vigilance among local law enforcement rather than signal an immediate danger.

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The bulletin fits into a broader context of heightened U.S. counterterrorism concerns related to the Iran conflict. A Department of Homeland Security threat assessment noted that Iran and its proxies “probably” pose a risk of targeted actions against U.S. interests. Additional worries include the potential activation of foreign terrorist cells or “lone wolf” actors inspired by Iranian rhetoric, particularly in areas with large Iranian-American populations like Los Angeles County, home to around 700,000 people of Iranian descent — the largest outside Iran.

The Los Angeles Police Department and other agencies have increased monitoring for such risks, including cryptic broadcasts that could serve as operational triggers for sleeper assets. However, investigators have found no concrete evidence linking these to active plots.

Experts point out logistical challenges for any seaborne drone attack on the U.S. mainland. Iran’s known drone capabilities, while advanced and used extensively in regional conflicts, would face significant hurdles in crossing the Pacific Ocean undetected or launching effectively from international waters off California. U.S. naval and air defenses, including radar systems and fighter intercepts, are designed to counter such threats far from shore.

The alert also coincides with separate concerns about drone threats from non-state actors, including potential use by Mexican drug cartels along the southern border. Officials have long monitored vessels that could preposition equipment for asymmetric attacks, a tactic Iran has employed through proxies in the Middle East.

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California Gov. Gavin Newsom addressed the warning on March 11, stating that state officials are aware of the intelligence and are coordinating with federal partners to ensure preparedness. Local law enforcement in major cities like Los Angeles, San Francisco and San Diego have been advised to remain vigilant, though no changes to public alert levels were announced.

The development underscores the evolving nature of threats to the U.S. homeland in an era of drone proliferation. Iran has invested heavily in UAV technology, exporting drones to allies and using them in strikes that have depleted air defense resources in conflict zones. While direct attacks on the continental U.S. remain unlikely due to distance and detection risks, the bulletin highlights fears of retaliatory actions extending beyond the Middle East.

Public reaction has been mixed, with some social media users expressing skepticism about the feasibility of such an operation, while others called for increased coastal surveillance. The story trended briefly on platforms following ABC News’ initial reporting, with outlets including the Los Angeles Times, Newsweek, Reuters and local California stations providing coverage.

As of March 12, 2026, no new developments or confirmed threats have emerged from the bulletin. Federal agencies continue to monitor the situation closely as the Iran conflict evolves. Officials urged the public to report suspicious activity but reiterated that everyday life should proceed normally absent specific warnings.

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This incident reflects ongoing U.S. efforts to counter Iranian influence operations, including past plots involving espionage, cyberattacks and procurement of sensitive technology for military drones. The FBI maintains that disrupting such threats remains a top priority.

In the absence of corroborated intelligence pointing to an active plot, the warning serves primarily as a precautionary measure to ensure law enforcement readiness amid geopolitical volatility.

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US group named as preferred bidder for Sheffield Wednesday

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Billionaire businessman David Storch is leading the bid

File photo dated 30/08/2023 of Hillsborough Stadium. A consortium seeking to buy Sheffield Wednesday says it has withdrawn from the process. Issue date: Wednesday February 25, 2026.

Sheffield Wednesday’s Hillsborough Stadium(Image: © 2026 PA Media, All Rights Reserved)

A group of US-based investors have been selected as the preferred bidder for collapsed Sheffield Wednesday. The club’s administrators at Begbies Traynor have chosen Arise Capital Partners LLC, led by aviation businessman David Storch, Michael Storch and investor Tom Costin.

Arise is said to have supplied a substantial deposit and evidence of funds in its bid to buy the club, which collapsed into administration last year. Their move has pipped rival bidder and former Newcastle United Mike Ashley.

Administrators say Arise has entered into an exclusivity agreement under which it will fund the club’s trading losses after eight weeks if the deal is not completed in that time. Documents show creditors of the club are owed more than £80m. The offer from Arise – which comes after a previous preferred offer led by James Bord was pulled – is less than the amount needed to pay creditors 25p in the pound..

Begbies Traynor said “Whilst the offer does not deliver the same level of creditor return as the previous proposed transaction, it nevertheless represents the best available outcome currently achievable and provides a clear pathway toward securing the club’s long term future.

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“Our focus remains unchanged: to secure a responsible sale of the Club, protect its future and achieve the best possible outcome for creditors.”

Owls manager Henrik Pedersen met with Mr Storch and Mr Costin ahead of the club’s 1-1 draw with Watford. He said: “They are some very friendly and very interesting people. There was not (a massive amount) of details but the energy was good and they are interesting, very interesting people.

“So I have a very, very positive feeling about it.”

David Storch added: “We are thrilled and excited to take this important step toward stewardship of this historic football club. As we continue through this process, we are looking forward to working with the local community, engaging transparently with fans and embarking together on this journey to restore Sheffield Wednesday to its rightful place.

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“We are absolutely committed to delivering a brighter future for our fans and bringing joy back to Hillsborough.”

To find all the planning applications, traffic diversions, road layout changes, alcohol licence applications and more in your community, visit the Public Notices Portal.

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Puratos reaches agreement to acquire Dawn Foods

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Puratos reaches agreement to acquire Dawn Foods

Deal would expand Belgian company’s presence as global baking ingredient supplier.

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Lindt Shares Sink as Iran Conflict Deepens Consumer Gloom

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Lindt Shares Sink as Iran Conflict Deepens Consumer Gloom

Lindt & Spruengli’s LISP -1.56%decrease; red down pointing triangle shares slumped after the company lowered its guidance for 2026, citing a bleak consumer mood exacerbated by conflict in the Middle East.

The Swiss chocolatier’s cut to growth expectations for the year comes after it booked lackluster sales over the key Christmas period. A continued gloomy mood among consumers and suppressed appetite for the company’s wares is a central concern for Lindt as uncertainty rises, Chief Executive Officer Adalbert Lechner said.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Slideshow: New products from Natural Products Expo West

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Slideshow: New products from Natural Products Expo West

Innovations highlighted capitalize on the latest trends.

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