M&S unveils Oxford Street revamp as part of £700m growth plan
Marks & Spencer has completed a major revamp of its Pantheon store on Oxford Street, using the site as a model for a £700 million programme covering stores, logistics and products.
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Ethiopian Airlines moves Bishoftu airport contractor selection to January 2027
Ethiopian Airlines has shifted contractor selection for the planned Bishoftu International Airport from August 2026 to early January 2027 as bidders seek more time to arrange proposals and financing.
Amhara region supplies 357 kilograms of gold to Ethiopia’s central bank
Amhara regional authorities say the region delivered 357 kilograms of gold to the National Bank of Ethiopia during the 2018 Ethiopian fiscal year, its first such supply.
US economic growth slows to 1.5% as inflation remains above Fed target
U.S. GDP growth slowed to an annualised 1.5% in the second quarter of 2026, while the Federal Reserve’s preferred inflation measure remained above its 2% target.
Lloyds plans £2 billion cost reduction in four-year AI strategy
Lloyds Banking Group plans to cut £2 billion in costs while investing £13 billion through 2030 as it expands its use of technology and artificial intelligence.
Airbus Pays Record £6.4 Million UK Settlement Over Export-Control Breaches
Airbus’s UK operations paid £6.4 million after self-reporting record-keeping and licence-condition breaches involving controlled technology.
Shell Quarterly Profit More Than Doubles to $9.84 Billion
Shell reported $9.84 billion in second-quarter net profit as higher oil and gas prices boosted earnings despite a sharp decline in integrated gas production.
US Federal Reserve Holds Rates Steady as Inflation Remains Elevated
The US Federal Reserve kept interest rates unchanged on July 29, 2026, saying inflation remained elevated as supply shocks, including higher energy costs, continued to lift prices.