BBC Business

BBC Business

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Global business/economy coverage with commodities price and macro stories

Panic Buying Prompts PM to Reassure Australians over Fuel Supply
NewsMar 27, 2026

Panic Buying Prompts PM to Reassure Australians over Fuel Supply

Prime Minister Anthony Albanese told Australians that the nation’s fuel supply remains secure despite soaring prices and reports of panic buying after the Iran‑Israel conflict closed the Strait of Hormuz. The government attributes current shortages to distribution bottlenecks rather than...

By BBC Business
JLR Temporarily Halts Production at Solihull Plant
NewsMar 26, 2026

JLR Temporarily Halts Production at Solihull Plant

Jaguar Land Rover announced a temporary two‑week production pause at its Solihull facility due to a parts supply issue with a key vendor. The shutdown, which coincides with a pre‑planned Easter break, will affect the output of the Range Rover...

By BBC Business
'Wildly Unaffordable': The Harsh Reality of Shared Ownership
NewsMar 25, 2026

'Wildly Unaffordable': The Harsh Reality of Shared Ownership

The National Audit Office report highlights that shared‑ownership homes in England, once marketed as affordable, are becoming financially unsustainable due to soaring service charges. Buyers like the Bertagna brothers and Jamie face monthly service‑charge bills that have risen from around...

By BBC Business
Social Media Bans and Digital Curfews to Be Trialled on UK Teenagers
NewsMar 24, 2026

Social Media Bans and Digital Curfews to Be Trialled on UK Teenagers

The UK government is launching a pilot that will impose social‑media bans, nightly curfews, or one‑hour daily limits on 300 teenagers to gauge real‑world effects. Participants are split into three intervention groups and a control group, while parents and children...

By BBC Business
Australia and EU Agree Sweeping Trade Deal in Face of Global Uncertainty
NewsMar 24, 2026

Australia and EU Agree Sweeping Trade Deal in Face of Global Uncertainty

Australia and the European Union have signed a sweeping free‑trade agreement valued at about A$10 bn ($7 bn), ending eight years of negotiations. The pact eliminates almost all tariffs on Australian agricultural products and expands cooperation on defence, critical minerals, and space....

By BBC Business
Low-Deposit Mortgage Deals Hit as Rates Continue to Soar
NewsMar 24, 2026

Low-Deposit Mortgage Deals Hit as Rates Continue to Soar

Mortgage rates in the UK are climbing sharply, with two‑year fixed mortgages now averaging 5.51% and five‑year fixes 5.52%, the highest levels since early 2023. Low‑deposit products favored by first‑time buyers have been rapidly withdrawn – more than 200 deals...

By BBC Business
HS2 Train Speeds Could Be Cut to Save Money
NewsMar 23, 2026

HS2 Train Speeds Could Be Cut to Save Money

The UK government is asking HS2’s builder to evaluate lower operating speeds on the London‑Birmingham segment to curb spiralling costs. The high‑speed line, originally designed for 360 km/h, now faces a projected price tag of over £100 bn and a likely completion...

By BBC Business
Why Do the West's Farmers Pay the Price for War in Iran?
NewsMar 23, 2026

Why Do the West's Farmers Pay the Price for War in Iran?

The war in the Middle East has shut the Strait of Hormuz, sending global oil prices soaring and causing farm diesel in the West of England to double to about £1.25 per litre. Fertiliser costs have jumped from £350 to...

By BBC Business
US Weight Loss Drugmakers Slash Prices in Fight to Win Customers
NewsMar 23, 2026

US Weight Loss Drugmakers Slash Prices in Fight to Win Customers

U.S. weight‑loss drugmakers are slashing GLP‑1 prices to win cash‑pay customers as insurers balk at coverage. Eli Lilly reduced Zepbound’s monthly cost by $50‑$100, bringing it to $299, while Wegovy now sells for $149 a month, far below its $1,600 launch...

By BBC Business
Colombia's Budding Tech Scene Needs a Cash Boost
NewsMar 20, 2026

Colombia's Budding Tech Scene Needs a Cash Boost

Colombia’s tech ecosystem has surged, highlighted by Rappi’s $5 billion valuation and 35 million monthly users. KPMG reports 2,100 startups—a 24 % YoY rise—making the country the second‑largest Latin American hub after Brazil. While firms like Foodology and Habi have secured sizable funding...

By BBC Business
Ad for AI Editing App Which Said It Could 'Remove Anything' Banned
NewsMar 18, 2026

Ad for AI Editing App Which Said It Could 'Remove Anything' Banned

A UK advertising regulator banned a YouTube ad for PixVideo’s AI video‑maker after it appeared to show a woman’s clothing being digitally removed. The ad’s "Erase anything" claim led eight complaints that it sexualised and objectified women, prompting the ASA...

By BBC Business
Easter Holidaymakers Switching From Dubai to Spain as Flights Fill Up
NewsMar 17, 2026

Easter Holidaymakers Switching From Dubai to Spain as Flights Fill Up

British holidaymakers are rapidly rebooking Easter trips away from Dubai after the Iran‑related conflict disrupted Middle‑East airspace. Demand has jumped for “reassuring” destinations such as Spain, Portugal, Italy, the Caribbean and other Atlantic spots, with Portugal bookings up 42% and...

By BBC Business
Is It Possible to Build a Plastic-Free Home?
NewsMar 17, 2026

Is It Possible to Build a Plastic-Free Home?

Erica Cirino set out to build a plastic‑free home in rural Connecticut but found PVC plumbing prohibitively expensive, ultimately delivering a low‑plastic residence with metal roofing, wood siding and hemp‑fiber insulation. Her experience highlights how plastics dominate construction, yet alternatives such...

By BBC Business
Alcohol-Free Beer and Pet Grooming Used to Measure Inflation
NewsMar 16, 2026

Alcohol-Free Beer and Pet Grooming Used to Measure Inflation

The UK Office for National Statistics has refreshed its consumer price basket, adding items such as non‑alcoholic beer, houmous, motorhomes, dashboard cameras and pet‑grooming services. The revision introduces 27 new products and removes 19, keeping the basket at 760 items....

By BBC Business
Judge Says 'No Evidence' To Justify Federal Reserve Probe
NewsMar 13, 2026

Judge Says 'No Evidence' To Justify Federal Reserve Probe

A U.S. district judge blocked the Justice Department's subpoenas seeking Federal Reserve records, ruling there was no evidence to justify the probe. Judge James Boasberg concluded the subpoenas were a pretext to pressure Chair Jerome Powell into lowering interest rates....

By BBC Business
'My Hotel Bill Is £12,000': British Holidaymakers Stranded by Iran War
NewsMar 13, 2026

'My Hotel Bill Is £12,000': British Holidaymakers Stranded by Iran War

British tourists have been stranded abroad after the US‑Israeli war with Iran forced airlines to cancel flights and close key Middle‑East air corridors. Travelers in the Maldives, Thailand and Sri Lanka face mounting accommodation and living costs, with some bills...

By BBC Business
Can Plastic-Eating Fungi Help Clean up Nappy Waste?
NewsMar 13, 2026

Can Plastic-Eating Fungi Help Clean up Nappy Waste?

Disposable nappies generate massive waste, with 300,000 units discarded each minute worldwide. Texas startup Hiro introduced unbleached diapers that contain a packet of fungi designed to break down the product, pricing the monthly supply at $136 and a $199 subscription,...

By BBC Business
A Small US Grocer Is Calling Out the Lower Prices at Big Chains
NewsMar 12, 2026

A Small US Grocer Is Calling Out the Lower Prices at Big Chains

Independent grocer Alap Vora of Concord Market in Brooklyn testified that he pays roughly $5 wholesale for a box of cereal, the same price big chains charge consumers. The pricing gap, driven by manufacturers’ preferential deals with large retailers, makes...

By BBC Business
Spain's Migrants Welcome Amnesty: 'It Will Help Us in Every Way'
NewsMar 9, 2026

Spain's Migrants Welcome Amnesty: 'It Will Help Us in Every Way'

Spain's government unveiled a regularisation programme that will grant one‑year renewable residency visas to up to half a million undocumented migrants, with applications open from early April to late June. The measure is pitched as both humanitarian and economic, aiming...

By BBC Business
Oil Price at Two-Year High After Qatar Warns All Gulf Production Could Stop Within Days
NewsMar 6, 2026

Oil Price at Two-Year High After Qatar Warns All Gulf Production Could Stop Within Days

Oil prices surged to a two‑year high after Qatar’s energy minister warned that all Gulf oil and gas exporters could cease production within days amid the escalating Middle‑East conflict. Brent crude rose above $93 a barrel, and the minister suggested...

By BBC Business
UK Firms Pull Fixed Energy Deals as Iran War Pushes up Prices
NewsMar 5, 2026

UK Firms Pull Fixed Energy Deals as Iran War Pushes up Prices

UK energy suppliers are rapidly withdrawing fixed‑price tariffs as wholesale gas and oil prices surge amid the US‑Israel conflict with Iran. Uswitch data shows the number of fixed deals fell from 38 on Saturday to 15 by Thursday, while annual...

By BBC Business
How Do You Modernise Mango Farming?
NewsFeb 20, 2026

How Do You Modernise Mango Farming?

India produces roughly 23 million tonnes of mangoes annually, yet climate‑driven season shifts and rising input costs are eroding yields. Researchers at ICAR have sequenced the mango genome, accelerating breeding of temperature‑resilient and pest‑tolerant varieties. Farmers like Upendra Singh and Neeti...

By BBC Business
US to Exempt some Bangladeshi Clothes From Tariffs
NewsFeb 10, 2026

US to Exempt some Bangladeshi Clothes From Tariffs

The United States announced a new trade pact that lowers its tariff on Bangladeshi apparel from 20% to 19% and grants tariff‑free status to garments made with U.S. cotton and man‑made fibers. In return, Bangladesh will open its market to...

By BBC Business