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The Actual News

Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

Airport inferno could cost Bangladesh $1bn in damages - experts

Airport inferno could cost Bangladesh $1bn in damages - experts

Summary

A fire at Bangladesh's main airport damaged goods worth more than $1 billion, mainly affecting the garment and export industries. The fire occurred in the logistics section of Hazrat Shahjalal International Airport and took 27 hours to extinguish. Investigations are underway to determine the cause.

Key Facts

  • A fire at Hazrat Shahjalal International Airport in Bangladesh caused over $1 billion in damage.
  • The fire broke out in the airport's logistics section and included clothes and raw materials.
  • The blaze took 27 hours to put out and temporarily stopped flights and airport operations.
  • Bangladesh is the world's second-largest exporter of clothing after China.
  • The garment sector contributes $40 billion a year to Bangladesh's economy, over 10% of its GDP.
  • About 35 people were injured while trying to control the fire.
  • The logistics hub where the fire occurred stores essential products, affecting future business deals.
  • The cause of the fire is still being investigated, with conspiracy theories circulating about its origins.

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Rail firm losing £45.5m revenue from fare evasion

Rail firm losing £45.5m revenue from fare evasion

Summary

South Western Railway (SWR) reports a loss of £45.5 million annually due to passengers not paying for tickets. The company is addressing fare evasion, and it also reimburses passengers for delays. SWR became the first rail company nationalized by the Labour government in May.

Key Facts

  • SWR loses an estimated £45.5 million each year from passengers not paying fares.
  • The fare evasion rate is around 3.9%.
  • SWR's efforts have reduced ticketless travel by 40% since 2017.
  • Across the UK's rail industry, fare evasion costs nearly £240 million annually.
  • SWR spent over £370,000 on hotels and taxis for delayed passengers last year.
  • 7,293 train services had fewer carriages than planned due to issues.
  • SWR was renationalised by the Labour government in May.
  • SWR aims to improve customer experiences and has a "duty of care" during disruptions.

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Chancellor says Brexit deal caused long-term damage to economy

Chancellor says Brexit deal caused long-term damage to economy

Summary

The UK Chancellor, Rachel Reeves, stated that the Brexit deal has caused long-term harm to the UK economy. She highlighted this issue during an international economic meeting, noting a 4% economic decline compared to staying in the European Union. The government plans to integrate this argument into discussions leading up to the upcoming Budget.

Key Facts

  • Rachel Reeves is the UK Chancellor, and she voiced concerns about Brexit's economic impact.
  • She cited a 4% decline in the economy due to Brexit, as estimated by the Office for Budget Responsibility (OBR).
  • The concerns were shared at an International Monetary Fund (IMF) committee meeting attended by global financial leaders.
  • The government intends to discuss these economic challenges in the upcoming Budget on November 26.
  • The potential for tax increases and government spending cuts is part of the response to the economic situation.
  • The UK aims to strengthen trade ties and address productivity challenges as part of its economic strategy.
  • Changes to post-Brexit trade checks and involvement in European defense contracts are being considered to improve the situation.

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China's economic growth slows as trade tensions with US flare up

China's economic growth slows as trade tensions with US flare up

Summary

China's economic growth slowed to 4.8% in the third quarter of 2024, partly due to increased trade tensions with the United States. The tensions increased after China imposed export controls on rare earth minerals, which are important for electronics production. President Trump threatened new tariffs on Chinese imports in response.

Key Facts

  • China's economy grew by 4.8% from July to September 2024, down from 5.2% in the previous three months.
  • China imposed export controls on rare earth minerals, which are essential for electronics.
  • President Trump proposed a new 100% tariff on imports from China after the rare earth controls.
  • US Treasury Secretary Scott Bessent plans to meet with Chinese officials in Malaysia to ease tensions.
  • China's exports grew by 8.4% in September 2024 before the recent trade flare-up.
  • The service sector and industrial output, including 3D printing and electric vehicles, showed growth.
  • China aims for around 5% economic growth in 2024 and has received government support to avoid a downturn.

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The two words you need to help you push back at work

The two words you need to help you push back at work

Summary

The article discusses how workers can set boundaries at work to prevent burnout. It highlights the value of using the phrase "I don't" instead of "I can't" to establish firm limits. Experts suggest recognizing one's limits and adjusting goals to align with personal capacity.

Key Facts

  • Saying "I don't" instead of "I can't" can help set boundaries at work by being more definitive.
  • Lorraine Pascale, a model and TV chef, experienced burnout due to not setting boundaries.
  • Burnout symptoms include exhaustion, detachment, and reduced performance.
  • Nine out of 10 workers have experienced high stress levels in the past year.
  • Dr. Claire Ashley recommends adjusting goals to match current mental and emotional resources.
  • Establishing a routine for finishing work helps complete the "stress cycle."
  • The term "burnout" is used loosely but requires specific symptoms for a clinical diagnosis.
  • Experts advise celebrating personal achievements and avoiding comparisons with others.

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One Third of Americans Approve of Trump’s Handling of Economy: Poll

One Third of Americans Approve of Trump’s Handling of Economy: Poll

Summary

A recent poll shows that 36% of Americans approve of President Donald Trump's handling of the economy. The poll highlights financial stress among Americans, with many concerned about costs like groceries and housing. Inflation and unemployment have also been rising.

Key Facts

  • A poll by AP-NORC found that 36% of Americans approve of President Trump’s economic management.
  • This poll was conducted with 1,289 adults between October 9 and 13.
  • Previous polls showed higher approval rates, with 37% last month and 43% in late August.
  • The AP-NORC poll indicates 68% of Americans view the economy negatively.
  • Rising grocery costs are a major financial stress for 54% of Americans surveyed.
  • Concerns about housing costs affect 45% of respondents, and 52% are worried about retirement savings.
  • Inflation rose to 2.9% and unemployment to 4.3% in August.
  • Criticism from politicians highlights concerns about the broader impacts on families and the economy.

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Steak 'N Shake Reveal Major Fries Update After MAHA Inspired Move

Steak 'N Shake Reveal Major Fries Update After MAHA Inspired Move

Summary

Steak 'n Shake has stopped using seed oils in its fries as part of a move supported by Health and Human Services Secretary Robert F. Kennedy Jr. The company announced it now uses beef tallow for cooking fries, onion rings, and chicken tenders. This change aligns with the "Make America Healthy Again" movement.

Key Facts

  • Steak 'n Shake no longer uses seed oils in its fries, onion rings, and chicken tenders.
  • The company now cooks these foods with 100% beef tallow.
  • Health and Human Services Secretary Robert F. Kennedy Jr. has spoken against seed oils in fast food.
  • Kennedy Jr. supports healthier cooking options, aligning with the "Make America Healthy Again" movement.
  • Steak 'n Shake's social media post about the change has received over a million views.
  • The company has invested in working with suppliers to eliminate seed oils from its products.

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Government vows to create 400,000 jobs in energy sector

Government vows to create 400,000 jobs in energy sector

Summary

The UK government announced a plan to create 400,000 jobs in the country's clean energy sector by 2030. These jobs will include roles for plumbers, electricians, and welders, with a focus on renewable energy such as wind, solar, and nuclear power. The strategy involves setting up training colleges and offering career programs for various groups, including veterans and oil and gas workers.

Key Facts

  • The UK plans to create 400,000 jobs in the clean energy sector by 2030.
  • Training will focus on 31 in-demand occupations like plumbers and electricians.
  • Five new colleges will receive funding to train workers for clean energy jobs.
  • Programs will help veterans transition to solar and wind energy careers.
  • Oil and gas workers may receive up to £20 million for training in clean energy.
  • The Sizewell C nuclear power station project will require 10,000 more workers.
  • Clean energy jobs offer higher average salaries than the general UK average.

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List of US Airline Routes Cancelled So Far This Year

List of US Airline Routes Cancelled So Far This Year

Summary

U.S. airlines are changing their flight networks by canceling some routes while adding others due to financial pressures and changing travel demands. Spirit Airlines has filed for bankruptcy and canceled 40 routes but added new ones. Delta and American Airlines are also adjusting their routes with both cancellations and new additions.

Key Facts

  • U.S. airlines are revising their flight routes due to financial pressures and changing travel habits.
  • Spirit Airlines filed for bankruptcy and canceled 40 routes.
  • Spirit added new routes, including daily flights from Savannah/Hilton Head International Airport to Newark.
  • Delta is ending its nonstop route from New York JFK to Brussels in January 2026.
  • Delta will also stop flights between Austin and Midland, Texas, in November.
  • American Airlines discontinued its Dallas to Eugene, Oregon, route.
  • Delta has added flights from New York JFK to locations in Italy, Portugal, and Malta.
  • Airlines face $11 billion in extra costs from supply chain disruptions in 2025.

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Inside a Book Lover’s Dream Home—for Sale With 7,000-Story Library

Inside a Book Lover’s Dream Home—for Sale With 7,000-Story Library

Summary

A unique house in Columbus, Ohio, known as the "Book House," is up for sale. The home, designed by Guy Marshall, features over 7,000 books on floor-to-ceiling shelves and combines historical design elements with modern construction techniques. It is listed for $1.689 million and serves as a short-term rental that can accommodate up to 24 guests.

Key Facts

  • The "Book House" is located at 43-45 W. Markison Ave. in Columbus, Ohio.
  • The house features shelves with more than 7,000 books.
  • Guy Marshall designed and built the home to look like a historic mansion.
  • Although it appears historic, the house is newly built with modern materials.
  • The house uses masonry construction, with dyed blocks to mimic antique bricks.
  • The property is currently on the market for $1.689 million.
  • The house is also a short-term rental and can host up to 24 guests.
  • Marshall decided to sell the home due to interest in new projects but enjoyed the hospitality aspect.

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Betfred says all its shops may close if Reeves hikes gambling tax

Betfred says all its shops may close if Reeves hikes gambling tax

Summary

Betfred, a UK gambling company, says it might close all its shops if gambling taxes increase. The company's chairman, Fred Done, warned that higher taxes could lead to job losses and closures. The UK government is considering raising taxes on gambling companies to help reduce child poverty.

Key Facts

  • Betfred has 1,287 shops in the UK and employs about 7,500 people.
  • The company's chairman, Fred Done, said that even a tax increase to 35-40% could force them to close shops.
  • There is a proposal for significant tax hikes on gambling to raise funds for social causes like reducing child poverty.
  • The Institute for Public Policy Research suggested a tax rate increase could generate £3.2 billion.
  • Betfred reported nearly £1 billion in revenue but only £500,000 in operating profit after write-downs.
  • Currently, the gambling industry in the UK pays various taxes, including a 21% tax on online casino gaming.
  • Other gambling firms, like William Hill and Paddy Power, have also pointed to potential closures due to financial pressures.
  • Critics highlight the social and financial issues associated with gambling.

Source Verification

Another Company Recalls Frozen Shrimp Due to Radioactive Contamination

Another Company Recalls Frozen Shrimp Due to Radioactive Contamination

Summary

Aquastar (USA) Corp, a company based in Seattle, is recalling frozen shrimp sold across the U.S. as a precaution due to concerns about potential exposure to a radioactive material called cesium-137. The recall affects shrimp from Indonesia sold under various brand names, though no shrimp have tested positive for cesium-137, and no illnesses have been reported. Consumers are advised to return or dispose of the recalled shrimp for safety, following several other recent recalls by different companies for similar reasons.

Key Facts

  • Aquastar (USA) Corp recalled frozen shrimp in the U.S. due to concerns about radioactive contamination.
  • The recall includes shrimp imported from Indonesia and sold under brand names such as AquaStar, Best Yet, and Publix.
  • No shrimp tested positive for the radioactive isotope cesium-137, but the recall is a precautionary measure.
  • There have been no reported illnesses related to the recalled shrimp.
  • The affected shrimp were sold from June 12 to September 17, 2025, at retailers including Kroger and Ralphs.
  • Customers are advised to return the shrimp for a refund or safely dispose of it.
  • The FDA has increased screening of seafood imports from certain suppliers in response to similar recalls.
  • Cesium-137 can pose health risks such as cancer if consumed over time.

Source Verification

Publix Issues Recall for Ice Cream With Life-Threatening Risk

Publix Issues Recall for Ice Cream With Life-Threatening Risk

Summary

Publix Super Markets has recalled a batch of its Rich & Creamy Vanilla Ice Cream due to a labeling mistake. The containers might actually contain a version of the ice cream with eggs, posing a risk for people with egg allergies. The affected batch was sold in several states, and customers can get a refund.

Key Facts

  • Publix recalled one lot of its Rich & Creamy Vanilla Ice Cream because of an undeclared egg allergen.
  • A labeling error meant containers were packaged with mismatched lids, confusing the contents.
  • The sell-by date on the affected containers reads "June 19, 2026, A" with UPC code 41415 03043.
  • The recalled product was distributed in Alabama, Georgia, Kentucky, South Carolina, Tennessee, and Florida (excluding Jacksonville, Tallahassee, Tampa, and Sarasota).
  • Publix reports no confirmed illness cases so far.
  • Customers can return the product to any Publix store for a full refund.
  • Consumers depend on accurate labeling to avoid allergens, highlighting the importance of this recall.
  • The issue pertains to the labeling of French Vanilla ice cream, which contains eggs, instead of plain Vanilla.

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Is silver the new gold? Prices surge as demand outpaces supply

Summary

Silver prices have increased significantly because more people want it than there is available. This has led to comparisons with gold, traditionally seen as a valuable investment.

Key Facts

  • Silver prices are currently reaching record highs.
  • The demand for silver is greater than the available supply.
  • Traders are comparing silver to gold as a valuable investment.
  • This situation is affecting investors interested in metals.
  • Veteran trader Robert Gottlieb discussed the reasons behind the price surge.

Source Verification

Cinnamon Recall Expanded as Another Company Finds Lead Danger

Cinnamon Recall Expanded as Another Company Finds Lead Danger

Summary

A recall has been issued for cinnamon powder products due to potential lead contamination. The FDA has identified 16 companies affected, cautioning consumers to stop using the products and dispose of them. Lead exposure can pose serious health risks, especially for children.

Key Facts

  • The recall involves cinnamon powder with potential lead contamination.
  • The FDA found 16 manufacturers affected after testing products.
  • Lead is a dangerous metal that can cause health problems, notably in children.
  • Haitai, Inc. recalled its Haetae brand Cinnamon powder specifically.
  • The FDA suggested the issue might stem from raw material or natural lead in cinnamon.
  • No illnesses or injuries have been reported as of the recall date.
  • Consumers can contact Haitai Inc. for more information during specific business hours.
  • The recalls were identified during routine product testing and sampling.

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Why are so many rich Americans investing in British soccer teams?

Summary

Many wealthy Americans are buying British soccer teams. This trend involves millionaires and celebrities from the United States investing in the sport in the UK.

Key Facts

  • American millionaires are increasingly investing in British soccer teams.
  • Celebrities from the U.S. are also part of this investment trend.
  • The number of such investments is higher than before.
  • British soccer, also known as football in the UK, is attracting U.S. investors.
  • This shift shows growing interest from Americans in international sports markets.

Source Verification

Woman Thrifts 'Dirty' Halloween Costume for $5, Sells for Over $700 on eBay

Woman Thrifts 'Dirty' Halloween Costume for $5, Sells for Over $700 on eBay

Summary

A woman in California bought an old Halloween mask for $5 and later sold it for more than $700 on eBay. The mask turned out to be a rare vintage Ghostface mask from the Scream movies, which is now a valuable collector's item.

Key Facts

  • Brittany Carey, a stay-at-home mom, bought the mask at a Goodwill store for $5.
  • The mask looked worn out, with holes and dirt, but had the "Fun World" label that indicated its value.
  • Ghostface masks are linked to the Scream movie franchise and are popular among collectors.
  • Carey listed the mask on eBay starting at 99 cents; bids reached over $700.
  • Money from the sale helped Carey pay for household expenses like diapers and groceries.
  • Ghostface masks were originally part of the "Fantastic Faces" line from the early 1990s.
  • The Scream movie's director, Wes Craven, adopted the mask's design for the film's killer.

Source Verification

Amazon Recall Update: Risk of Death Warning for Items Sold Nationwide

Amazon Recall Update: Risk of Death Warning for Items Sold Nationwide

Summary

The U.S. Consumer Product Safety Commission (CPSC) issued recalls for several products sold on Amazon due to safety risks, including potential for serious injury or death. The recalls involve Wilteexs bioethanol fuel bottles, Belivium baby loungers, WLIVE fabric dressers, and NordicTrack rowing machines. No injuries have been reported for the recalled items, but incidents of malfunction and property damage have occurred.

Key Facts

  • CPSC recalled products sold on Amazon due to safety risks.
  • Wilteexs bioethanol fuel bottles are recalled for lacking safety devices, posing a fire risk.
  • Belivium baby loungers were recalled for not meeting safety standards for infant sleep products.
  • WLIVE fabric dressers are recalled for stability issues that could cause tip-over incidents.
  • NordicTrack rowing machines have screen consoles that may overheat and pose fire hazards.
  • The recalls affect thousands of units sold over different periods, priced from $17 to $1,700.
  • No injuries have been reported, but the NordicTrack machines had eight malfunction incidents.
  • CPSC advises consumers to stop using the recalled products immediately.

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Does the sale of Dominion Voting Systems mean a transformation? Depends who's asking

Does the sale of Dominion Voting Systems mean a transformation? Depends who's asking

Summary

Scott Leiendecker announced he is buying Dominion Voting Systems, a company involved in 2020 election controversies. His new company, Liberty Vote, suggests changes but privately reassures customers that operations will stay similar. Liberty Vote's public announcement focuses on restoring trust in elections and aligns with conservative priorities.

Key Facts

  • Scott Leiendecker has bought Dominion Voting Systems and aims to transform it into Liberty Vote.
  • Dominion Voting Systems was central to controversies and legal issues after the 2020 U.S. presidential election.
  • Liberty Vote claims to focus on restoring trust in elections with secure and transparent voting systems.
  • Leiendecker has a history in election technology, having started KNOWiNK, the largest U.S. vendor for voter check-in technology.
  • Liberty Vote's press release highlights 100% American ownership and aligns with President Trump's executive order on election security.
  • In private communications, Liberty Vote assures existing customers that operations will remain similar to Dominion's.
  • Some election officials express concern that the company's public messaging could increase suspicion and drama.

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Lamborghini swerves away from all-electric future

Lamborghini swerves away from all-electric future

Summary

Lamborghini's chief executive, Stephan Winkelmann, stated that the company will continue to focus on internal combustion engines and hybrids for at least the next decade. Despite previous plans for all-electric models, the company now sees waning enthusiasm for electric cars and considers hybrids a better option. Lamborghini is reassessing its plans for future electric vehicles, such as the Lanzador.

Key Facts

  • Lamborghini will use internal combustion engines for at least the next 10 years.
  • The company sees a decline in enthusiasm for electric cars among buyers.
  • Lamborghini is considering whether the new Lanzador model will be all-electric or a hybrid.
  • Currently, Lamborghini's main models, the Temerario and Revuelto, are plug-in hybrids.
  • The Urus SUV is available as both a plug-in hybrid and a conventional petrol car.
  • A previously planned all-electric SUV model has been delayed until at least 2035.
  • Lamborghini sold about 10,000 cars last year, a small fraction compared to global car production.
  • New petrol and diesel cars, including plug-in hybrids, are set to be banned in the EU and the UK from 2035.

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