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Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

JLR supply chain staff told apply for universal credit, union claims

JLR supply chain staff told apply for universal credit, union claims

Summary

Workers in the Jaguar Land Rover (JLR) supply chain have been advised to apply for government financial support due to reduced or no pay following a cyber attack. The cyber attack shut down JLR's computer systems, halting production and causing significant financial losses. The union, Unite, is asking the UK government for a support plan, while JLR aims to resume production as investigations continue.

Key Facts

  • JLR's supply chain is telling workers to apply for universal credit due to pay cuts from a cyber attack.
  • The attack shut down JLR’s IT networks, stopping car production.
  • The union, Unite, wants the UK government to create a furlough scheme like the one in Scotland.
  • JLR's production might not restart until late November.
  • The hack affects 104,000 jobs and costs JLR at least £50 million per week.
  • Small suppliers may struggle financially due to the extended business stoppage.
  • A criminal investigation into the cyber attack is ongoing.
  • An MP has asked for emergency government help similar to Covid-19 support.
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Newsweek New & Noteworthy: Products You Need to Try (Sep 17, 2025)

Newsweek New & Noteworthy: Products You Need to Try (Sep 17, 2025)

Summary

The article highlights new consumer products featured in a weekly series by Newsweek and the Best New Product Awards. This week's products include Shark's cordless cleaner, Blue Bunny's new frozen dessert, Gain's scent boosters, Breathe Right's nasal strips, and Eggo's protein waffles.

Key Facts

  • Newsweek's New & Noteworthy is a weekly feature showcasing the latest consumer products.
  • Shark introduced the StainForce, a cordless cleaner for tackling stains.
  • Blue Bunny launched the Candy Bar Scoopable, a frozen dessert with chocolate and peanut butter flavors.
  • Gain Tango Scent Boosters are new laundry beads that keep clothes smelling fresh for up to 12 weeks.
  • Breathe Right released Menthol Scented Extra Strength nasal strips for congestion relief.
  • Eggo introduced Protein Buttermilk Vanilla Waffles for a high-protein breakfast option.
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San Francisco's Biggest Mall Is 93% Empty as Valuation Plummets: Report

San Francisco's Biggest Mall Is 93% Empty as Valuation Plummets: Report

Summary

San Francisco's biggest mall, the San Francisco Centre, is now 93% empty as more people shop online instead of going to stores. The mall's value dropped significantly, losing over $1 billion since 2016, partly due to rising online shopping and other local challenges.

Key Facts

  • San Francisco Centre was valued at $195 million, a 25% decrease from August last year and over $1 billion since 2016.
  • The mall is 93% empty due to a decline in in-store shopping.
  • Major tenant Nordstrom left, citing changes in the downtown San Francisco market.
  • High rents and increased retail crime are challenging for San Francisco's stores.
  • The owner, San Francisco Unified School District, is negotiating lease issues with the mall's management.
  • Conversion to housing is difficult due to the mall's layout and lease terms.
  • Foreclosure auctions for the mall have been delayed several times, with the next scheduled soon.
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Ben & Jerry’s cofounder leaves firm amid dispute with Unilever over Gaza

Ben & Jerry’s cofounder leaves firm amid dispute with Unilever over Gaza

Summary

Jerry Greenfield, cofounder of Ben & Jerry’s, has retired due to disagreements with Unilever, the parent company. The clash centers around Ben & Jerry’s stance on not selling ice cream in the occupied West Bank and their comments on Israel's actions in Gaza.

Key Facts

  • Jerry Greenfield retired after working nearly 50 years with Ben & Jerry’s.
  • The company has been in dispute with Unilever since 2021, over sales in the occupied West Bank.
  • Greenfield and his business partner, Ben Cohen, wanted to maintain the brand's social mission, which they feel is being silenced by Unilever.
  • Ben & Jerry’s called Israel's actions in Gaza "genocide," a rare statement for a big US company.
  • Unilever has rejected claims from Ben & Jerry’s about being silenced and stands by its actions.
  • Ben Cohen was arrested for protesting the U.S. support of Israel's actions in Gaza.
  • Nearly 65,000 deaths occurred in Gaza after clashes following attacks on southern Israel in October 2023.
  • Efforts to sell Ben & Jerry’s for fair market value between $1.5 billion and $2.5 billion have been rejected.
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Industry Leaders Tackle Green Transition at Newsweek's Climate Week Event

Industry Leaders Tackle Green Transition at Newsweek's Climate Week Event

Summary

Newsweek is hosting the second Pillars of the Green Transition Conference during Climate Week 2025 in New York City. The event will focus on how companies can use technologies and partnerships to meet climate goals. Key topics include decarbonization, clean energy, and green supply chains.

Key Facts

  • Newsweek's conference coincides with Climate Week 2025 in New York City.
  • The event will be held at One World Trade Center on September 24, 2025.
  • Industry leaders, investors, policymakers, and innovators will attend.
  • Discussions will focus on technology, ESG reporting, and green supply chains.
  • The event aligns with the 10th anniversary of the Paris Climate Agreement.
  • President Trump's policies are influencing business approaches to climate action.
  • The conference will include panels on bioenergy, food system emissions, and energy storage.
  • Major companies like Bayer, Samsung, and Volkswagen will participate.
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GSK pledges $30bn US investment as UK's pharma woes deepen

GSK pledges $30bn US investment as UK's pharma woes deepen

Summary

British company GSK plans to invest $30 billion in the U.S. over five years for research and manufacturing. The funds will develop U.S. factories, artificial intelligence tools, and research labs. This announcement comes as drug companies face U.S. pressure to move production there.

Key Facts

  • GSK will invest $30 billion in the U.S. for research and manufacturing.
  • The investment aims to develop factories, AI, and research labs in the U.S.
  • A new factory in Pennsylvania will focus on medicines for respiratory diseases and cancer.
  • The investment is part of a broader trend where pharma firms redirect spending from the UK to the U.S.
  • GSK's investment continues amid U.S. tariffs on pharmaceutical imports.
  • Other pharmaceutical companies like Merck and AstraZeneca have also reduced investment in the UK.
  • British Prime Minister noted the investment as a positive example of U.S.-UK collaboration.
  • Construction for the Pennsylvania factory is expected to start next year.
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Ben & Jerry's co-founder quits over social activism row

Ben & Jerry's co-founder quits over social activism row

Summary

Jerry Greenfield, co-founder of Ben & Jerry's, has left the company after nearly 50 years. His departure follows disagreements with parent company Unilever over the ice cream company's involvement in social activism. The conflict began when Ben & Jerry's decided to stop selling products in Israeli settlements, leading to a series of disputes with Unilever.

Key Facts

  • Jerry Greenfield co-founded Ben & Jerry's, an ice cream company known for promoting social and political causes.
  • He left the company due to disagreements with Unilever about social activism.
  • The controversy started in 2021 when Ben & Jerry's stopped selling in Israeli settlements.
  • Unilever bought Ben & Jerry's 25 years ago, agreeing to protect its social activism mission.
  • In March, Ben & Jerry's CEO was removed by Unilever, which the company claimed violated a merger deal.
  • Unilever disagrees with Greenfield’s stance and tried to have discussions to resolve the issues.
  • Ben & Jerry's previously criticized President Trump, leading to tension with Unilever.
  • Co-founder Ben Cohen was arrested during a protest concerning US aid to Israel.
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Inflation remains at 3.8% in August as food costs rise

Inflation remains at 3.8% in August as food costs rise

Summary

Inflation in the UK stayed at 3.8% in August, largely due to rising food costs. This rate is higher than in some big European countries, like France and Germany. The Bank of England will discuss interest rates soon, but they are not expected to lower them.

Key Facts

  • UK inflation was 3.8% in August, unchanged from July.
  • Food prices, including cheese, fish, and vegetables, drove the inflation rate.
  • Inflation in the UK is higher than in France (0.8%) and Germany (2.1%).
  • The Bank of England's 2% inflation target was exceeded.
  • The Bank of England's Monetary Policy Committee is meeting to discuss interest rates.
  • Britain's inflation has been influenced by domestic policies, such as increased National Insurance Contributions.
  • The Office for National Statistics provides these inflation figures.
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Map Shows Only 14 States Where Homeowners Have Not Lost Equity

Map Shows Only 14 States Where Homeowners Have Not Lost Equity

Summary

Homeowners in the U.S. saw a decrease in home equity by about $9,200 on average over the last year as the housing market cooled. Despite these losses, the average homeowner still has significant equity due to high home prices during the pandemic. Most states experienced a drop in home equity, with only 14 states seeing increases.

Key Facts

  • U.S. homeowners lost an average of $9,200 in home equity over the past year.
  • The average homeowner has about $307,000 in equity.
  • Home prices rose greatly during the pandemic due to high demand and low inventory.
  • In 2025, total homeowner equity decreased by $141.5 billion.
  • Homeowners' total equity now is $17.5 trillion, a high number historically.
  • Negative equity homes increased to 2% from 1.7% last year.
  • 32 states saw a decline in home equity, while 14 states saw gains.
  • The largest equity losses were in the District of Columbia, Florida, and Montana.
  • Connecticut, New Jersey, and Rhode Island saw the largest equity gains.
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Chef Marcus Samuelsson Wants His Legacy to Be 'Delicious'

Chef Marcus Samuelsson Wants His Legacy to Be 'Delicious'

Summary

Chef Marcus Samuelsson is a well-known figure with restaurants around the world and appearances on TV. He has a diverse background, growing up in Sweden as an Ethiopian adoptee and gaining culinary experience in various countries. Samuelsson faced challenges in his career due to race but found success with the help of mentors and hard work.

Key Facts

  • Marcus Samuelsson was born in Ethiopia and raised in Sweden.
  • He has worked in kitchens in Tokyo, Switzerland, and New York City, among other places.
  • His flagship restaurant is called Red Rooster, located in Harlem, New York.
  • Samuelsson initially wanted to play soccer but turned to cooking after being cut from a team.
  • He trained in Europe, including in a Michelin-starred kitchen in France.
  • Samuelsson faced skepticism about opening a Black-owned restaurant but found support from other chefs.
  • Mentors like Chef Charlie Trotter and Leah Chase helped him in his career.
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Facing Trump's pressure, the Fed is likely to cut rates for the first time this year

Facing Trump's pressure, the Fed is likely to cut rates for the first time this year

Summary

The Federal Reserve is expected to reduce interest rates to help the U.S. job market, influenced by pressure from President Trump. The decision to cut rates comes amid concerns of slower job growth and political influence on the Fed's independence.

Key Facts

  • The Federal Reserve plans to cut interest rates by a quarter percentage point.
  • The decision follows pressure from the White House and signs of a slowing job market.
  • Investors expect the new interest rate range to be 4% to 4.25%.
  • This will be the first rate cut in nine months.
  • President Trump has been pushing for much lower interest rates.
  • Trump appointed economist Stephen Miran to the Fed's governing board.
  • Trump attempted to dismiss Fed Governor Lisa Cook, a move blocked by federal courts.
  • U.S. employers added only 22,000 jobs in August, indicating a slowdown.
  • Concerns about inflation from import tariffs are present, but job market issues are a higher priority.
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'I created a successful business thanks to a disability grant - but cuts will sink it'

'I created a successful business thanks to a disability grant - but cuts will sink it'

Summary

Josh Wintersgill runs a business that sells products for wheelchair users. He was using a government grant called Access to Work to help cover extra costs related to his disability. The support was cut by 80%, and he fears this will jeopardize his business.

Key Facts

  • Josh Wintersgill's business sells products for wheelchair users to travel.
  • He used the government's Access to Work scheme for additional business costs.
  • His support was cut from five days a week to one day.
  • The Department for Work and Pensions is reviewing the Access to Work scheme.
  • Other disabled individuals have reported similar cuts in funding.
  • Josh is using his own money temporarily to keep his business running.
  • Over 4,000 people joined a group advocating for better Access to Work support.
  • A social enterprise also relies on Access to Work to employ neurodiverse adults.
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Ben & Jerry's Co-Founder Suddenly Quits Iconic Ice Cream Maker

Ben & Jerry's Co-Founder Suddenly Quits Iconic Ice Cream Maker

Summary

Jerry Greenfield, co-founder of Ben & Jerry’s, announced his decision to leave the company. He claims that Unilever, the parent company, broke a promise to maintain Ben & Jerry's independence, which was crucial to their social mission.

Key Facts

  • Jerry Greenfield is one of the co-founders of the ice cream company Ben & Jerry's.
  • Greenfield has decided to leave Ben & Jerry's after 47 years.
  • He accuses Unilever, which owns Ben & Jerry's, of not keeping the company independent as promised.
  • Unilever bought Ben & Jerry's in 2000, assuring it could continue its social and activist work.
  • Greenfield emphasizes the importance of an agreement that included the company's social mission in its governance.
  • The decision to leave was difficult and disappointing for Greenfield.
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'I've sold my flat before the Renters' Rights Bill becomes law'

'I've sold my flat before the Renters' Rights Bill becomes law'

Summary

Patricia Ogunfeibo, a landlord, sold her flat because of upcoming changes in the Renters' Rights Bill in the UK. This new law will ban "no-fault" evictions and give tenants more rights. Some landlords are worried the changes might lead to higher rents.

Key Facts

  • Patricia Ogunfeibo has rented out properties since 1986 and recently sold a flat in response to the Renters' Rights Bill.
  • The Renters' Rights Bill will stop Section 21 "no-fault" evictions, meaning landlords can't evict tenants without a reason.
  • Tenants will gain the right to challenge rent increases and won't face discrimination for being on benefits.
  • Some landlords are concerned that the new law could push up rent prices.
  • There has been a slight drop in the number of rental homes managed by agencies like the Property Franchise Group.
  • Data shows a decrease in the number of new rental properties entering the London market.
  • A survey indicated that smaller landlords are more likely to leave the rental market compared to larger landlords.
  • The bill aims to ensure that both tenants and responsible landlords have confidence in the rental system.
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NPR to trim $5 million this year as public radio stations struggle to pay bills

NPR to trim $5 million this year as public radio stations struggle to pay bills

Summary

NPR plans to cut over $5 million from its budget this year as local public radio stations face funding challenges. This comes after federal funding for public media was stopped and state support was reduced. NPR is offering financial relief to help stations manage the cuts.

Key Facts

  • NPR will reduce its budget by more than $5 million this fiscal year.
  • Federal funding for public media was stopped by a congressional vote in July.
  • NPR's fiscal year starts on October 1, and the budget is planned to stay balanced.
  • Listener donations have increased, partly compensating for federal funding cuts.
  • NPR is providing $8 million in financial relief to stations that need it most.
  • Some NPR and PBS stations in Florida lost nearly $6 million in state funding.
  • Since the defunding, 332 positions have been eliminated in public media.
  • NPR is exploring new fundraising methods, such as donation buttons on its content.
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End of the road for manual drivers? More learners opt for automatics in tests

End of the road for manual drivers? More learners opt for automatics in tests

Summary

There is a growing trend in Great Britain where more people are choosing to take their driving tests in automatic cars. This shift is influenced by the upcoming ban on petrol and diesel cars set for 2030, as many new cars, especially electric vehicles (EVs), use automatic transmissions. Consequently, driving schools report increased interest in learning to drive automatics.

Key Facts

  • One in four driving tests in Great Britain are now conducted in automatic cars.
  • In 2024/25, 479,556 out of 1.8 million driving tests were in automatics.
  • The sale of new petrol and diesel cars will be banned in 2030 in the UK.
  • Passing a test in an automatic grants a Category B Auto licence, which limits drivers to automatic vehicles.
  • The cost of running electric vehicles is generally lower than petrol or diesel cars, despite higher purchase prices.
  • The number of men taking tests in automatics increased from 23.2% in 2012/13 to 39.1% last year.
  • Automatic car tests have a slightly lower pass rate than manual tests, though the difference has decreased since 2012.
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Why the US is expected to cut interest rates

Why the US is expected to cut interest rates

Summary

The U.S. central bank, known as the Federal Reserve, is expected to lower interest rates by 0.25 percentage points. This decrease aims to stimulate the economy by making borrowing cheaper. The decision follows trends in other countries and growing concerns about a weakening job market in the U.S.

Key Facts

  • The Federal Reserve is expected to lower the interest rate by 0.25 percentage points.
  • This change will bring the interest rate to a range of 4% to 4.25%.
  • The interest rate cut is the first since December of the previous year.
  • Other central banks in the UK, Europe, and Canada have already reduced rates.
  • U.S. job market data shows weak job growth or losses in recent months.
  • President Trump has criticized the Federal Reserve for not lowering rates more significantly.
  • Inflation in the U.S. has fallen since 2022 but remains slightly above the Fed's 2% target.
  • The rate cut decision is happening amid concerns about the labor market slowdown.
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WATCH LIVE: Powell holds news conference after Fed’s highly anticipated interest rate decision

WATCH LIVE: Powell holds news conference after Fed’s highly anticipated interest rate decision

Summary

The Federal Reserve is set to decide on interest rates during a key meeting. A new member, Stephen Miran, has joined the board and may push for a larger rate cut. Controversy surrounds Fed governor Lisa Cook, whom the Trump administration has unsuccessfully tried to remove.

Key Facts

  • The Federal Reserve is holding a meeting to decide on interest rates.
  • Stephen Miran, a Trump administration appointee, joined the Fed's board.
  • The Fed is expected to cut the key interest rate by a quarter-point.
  • Lisa Cook, whom the Trump administration tried to remove, remains on the board.
  • An appeals court ruled that Cook's removal violated her rights.
  • Lower borrowing costs are expected to follow the Fed's rate decision.
  • The White House plans to appeal the decision to keep Lisa Cook in her role.
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Economic fallout mounts as Trump halts near-finished wind power project

Economic fallout mounts as Trump halts near-finished wind power project

Summary

The Trump administration stopped work on a $6 billion wind farm called Revolution Wind near New England. This decision affects many workers and similar projects along the East Coast.

Key Facts

  • The project is called Revolution Wind.
  • It involves 65 wind turbines.
  • The project is located off the coast of New England.
  • The construction was almost finished before it was stopped.
  • The stopping of the project affects thousands of workers.
  • The situation creates uncertainty for other wind power projects in the eastern United States.
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Fish Recall Map Shows States With New Warning

Fish Recall Map Shows States With New Warning

Summary

Quality Poultry & Seafood, Inc. is recalling about 100,000 pounds of catfish fillets because they were produced without federal inspection. These fillets were distributed to stores and restaurants in Mississippi, Alabama, and Louisiana. People who bought these products should return them, and restaurants should not serve them.

Key Facts

  • Nearly 100,000 pounds of catfish fillets are being recalled due to lack of federal inspection.
  • The recall affects products distributed in Mississippi, Alabama, and Louisiana.
  • The recall was initiated to ensure compliance with food safety and public health standards.
  • The U.S. Department of Agriculture found that the firm produced the catfish without inspection.
  • No reported reactions have happened due to eating the recalled products.
  • Customers and restaurants are advised to return the fillets or not serve them.
  • Quality Poultry & Seafood can be contacted for more information via email.
  • This recall is part of ongoing efforts to prevent health risks from undeclared allergens or contamination.
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