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Business news, market updates, and economic developments
Gold prices in Lebanon have been changing quickly, causing confusion among jewelers. Economic instability in Lebanon and globally is linked to these gold price changes, but the exact reasons are unclear.
Key Facts
Gold price recently fluctuated between $4,600 and $5,595 per troy ounce.
Lebanon has faced an economic and banking crisis since 2019.
Many Lebanese buy gold to protect their money from inflation.
President Trump’s actions are seen as contributing to global instability.
Jewellers report a slowdown in business due to unpredictable gold prices.
Analysts do not agree on the reasons for the gold price changes.
JP Morgan analysts predict gold prices could rise by 30% by 2026.
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Coca-Cola is stopping the production of Minute Maid's frozen juice concentrates in North America after 80 years. The decision is due to changes in consumer preferences, with more people wanting healthier drink options. The phase-out will begin in early 2026, and no replacement products have been announced.
Key Facts
Coca-Cola is discontinuing Minute Maid's frozen juice concentrates in North America.
The phase-out will start in the first quarter of 2026.
The decision is due to changing consumer preferences, with a demand for low-calorie and zero-sugar drinks.
Coca-Cola is focusing on healthier beverage options, like zero-sugar drinks and premium dairy products.
Henrique Braun will become Coca-Cola’s CEO in March 2026.
The frozen juice lines were among Minute Maid’s longest-running products.
Consumers expressed sadness about the discontinuation on social media.
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Bitcoin's value dropped by nearly 14% on Friday, continuing a trend of losses from the past week. The cryptocurrency's price has decreased by about one-third since the start of the year. This decline occurs amid challenges such as geopolitical tensions, regulatory uncertainties, and broader financial market sell-offs.
Key Facts
Bitcoin's price fell almost 14% on Friday, reaching around $62,900.
The cryptocurrency has lost about one-third of its value since January.
Bitcoin's price briefly reached $100,000 after President Trump's re-election in 2024.
The price has been declining since October, after peaking at over $127,000.
A Trump-supported bill to regulate digital assets is stalled in the US Senate.
The Trump-related cryptocurrency firm, World Liberty Financial, is under scrutiny for a $500 million investment deal.
Global stock markets, including the S&P 500 and Nasdaq, also saw declines this week.
Prices of commodities like gold and silver have also dropped recently.
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People in England and Wales are struggling to sell retirement flats they inherited from relatives, leaving them with high annual costs. These flats, which are only for older buyers, often stay empty for a long time despite price reductions. Families face high service charges, ground rent, and taxes while trying to sell these properties.
Key Facts
Many retirement flats in England and Wales sit empty, causing financial strain for families.
Flats are hard to sell because they can only be bought by people over a certain age.
One family reduced their flat's price by £200,000 with no offers.
Annual costs for keeping a flat include service charges, ground rent, and council tax.
An expert estimates 10,000 such properties are empty long-term in privately owned blocks.
McCarthy Stone, a leading developer, has many empty flats despite building new ones nearby.
Some families must pay up to £11,279 a year in charges for empty flats.
Other families around England share similar struggles with vacant properties and accumulating fees.
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Canada announced a plan to strengthen its auto industry by encouraging electric vehicle production. This move aims to reduce Canada's dependence on the U.S., following new tariffs imposed by President Trump.
Key Facts
Prime Minister Mark Carney announced the plan to boost the Canadian car industry.
The plan includes financial incentives for carmakers and reintroduces rebates for electric vehicles (EVs).
President Trump imposed a 25% tariff on Canadian cars, impacting auto production.
About 90% of Canadian vehicles are exported to the U.S.
The U.S.-Canada-Mexico (USMCA) free trade agreement is under review but does not currently focus on removing tariffs.
Thousands of Canadian auto workers have lost jobs due to reduced production by major U.S. carmakers in Canada.
Canada also reached new trade agreements with China and South Korea to encourage vehicle manufacturing.
The plan includes reintroducing EV buyer incentives and stronger emissions standards, aiming for EVs to make up 90% of sales by 2040.
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Some young people, like Lily-May Edwards, are choosing to commute long distances for work instead of working remotely. Employers and workers have different opinions on remote work, with debates on productivity and flexibility. Flexibility and the option to work from home remain important to many.
Key Facts
Lily-May Edwards commutes two hours each way from north Wales to Liverpool for her university job.
She prefers working at the office but chooses to work from home two days a week due to the long commute.
A survey found that Gen Z workers are more often in the office compared to older workers.
Some business leaders argue remote work reduces productivity, but there's no strong evidence supporting this.
Flexibility in working arrangements has become more valued since the pandemic.
Hybrid working, a mix of office and home work, is most common among those aged 30 to 49.
Another worker, Daisy Willis, switched to a fully remote job to improve her work-life balance and reduce travel costs.
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PepsiCo announced it would lower prices for its popular snacks, such as Lay’s and Doritos, by up to 15%. This decision comes after customer concerns about high grocery costs. The price drop is intended to make shopping more affordable before the Super Bowl.
Key Facts
PepsiCo plans to reduce snack prices by up to 15%.
This includes well-known brands like Lay’s, Doritos, Cheetos, and Tostitos.
The change aims to address customer worries about rising grocery bills.
PepsiCo has raised prices in recent years due to inflation.
The move coincides with the company's effort to support consumer budgets.
Price reductions are suggested; retailers set final prices.
The U.S. Bureau of Labor Statistics reported a 2.4% rise in grocery prices as of December 2025.
Weight loss drugs are causing some consumers to spend less on food.
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Advertisers are ready for Super Bowl 60, hoping to reach more than 120 million viewers with commercials filled with celebrities and trending themes like AI and weight-loss drugs. The high cost and competitive nature of advertising during the game reflect the event's importance in reaching large audiences. NBC sold its ad space for record prices, with some 30-second spots reaching over $10 million each.
Key Facts
Super Bowl 60 will air on NBC and reach over 120 million viewers.
Advertisers like Fanatics Sportsbook and Grubhub are using celebrities like Kendall Jenner and George Clooney to promote their products.
Ad trends this year include AI technology, health products, and nostalgia with iconic movie themes.
NBC sold out of ad space for the Super Bowl, with 30-second ads averaging $8 million, some surpassing $10 million.
The Super Bowl consistently attracts advertisers because of its enormous audience, making it a key event for brand promotion.
As in the past, many brands choose a lighthearted advertising tone during the Super Bowl.
NBC reports that 40% of advertisers are using packages that include all major sports properties, and 70% of Super Bowl advertisers are also advertising during the Olympics.
Oakley Meta and Wix feature AI prominently in their Super Bowl ads, showcasing new tech products.
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Homeowners are discovering "zombie mortgages," which are unpaid loans they believed were resolved in the past. These debts can unexpectedly threaten their ownership of homes.
Key Facts
"Zombie mortgages" refer to old loans people thought were forgiven but still exist.
These mortgages can create financial problems for the homeowners who do not expect them.
"Zombie mortgages" can lead to the risk of losing one's home.
This issue was reported by economics correspondent Paul Solman and producer Diane Lincoln Estes.
The report is part of a collaboration with Retro Report, a documentary news group.
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Jobs at the Wedgwood ceramics factory in Barlaston are set to be cut due to low customer demand and rising costs. The factory had already paused production for 90 days to address these issues. The company plans to focus on high-end, handmade products while working with unions to support affected workers.
Key Facts
Wedgwood plans to cut jobs at its Barlaston factory.
The factory paused production for 90 days in September due to low demand.
70 employees were put on temporary leave during this pause.
Owner Fiskars Group says the cuts are to match production with demand and costs.
The GMB union wants more support to help the ceramics industry.
High energy prices have been a challenge for the ceramics sector.
Wedgwood will focus on making high-end, handcrafted products.
The company will consult with workers and unions over the job cuts.
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Christie's auction house plans to sell a newly discovered foot sketch by Michelangelo for $1.5 to $2 million. This sketch, related to the famous Sistine Chapel ceiling, was inherited by the current owner from his grandmother and has been in the family since the late 1700s.
Key Facts
Christie's says the foot sketch could sell for between £1.1 and £1.47 million.
The sketch is of the Libyan Sibyl, part of the Sistine Chapel ceiling.
The owner realized its value only after sending a photo to Christie's for an estimate.
The sketch dates back to around 1511-1512.
The owner is based in the US and inherited the sketch from his grandmother.
Infrared reflectography confirmed the sketch matched Michelangelo's style.
The sketch stands as a significant discovery in Christie's Old Master Drawings.
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Companies are increasingly focusing on supporting women in the workplace because it aligns with consumer values and can improve business performance. Women control a significant amount of global consumer spending and influence most purchasing decisions. Various companies are being recognized for their efforts to promote women in leadership and create supportive workplace cultures.
Key Facts
Women worldwide control approximately $31.8 trillion in spending as of 2024.
Women influence 70 to 80 percent of consumer purchasing decisions.
More than 50% of women in the U.S. are employed, yet they hold only 29% of executive positions.
Companies supporting women in leadership tend to perform better.
Newsweek ranked companies for their efforts to support women, based on a survey of over 89,000 female employees.
Over 70 new companies appeared on this ranking in 2026, including well-known brands like Microsoft and Starbucks.
Campbell’s Company has a strong history of women in leadership roles and was recognized for promoting such a culture.
Women controlling the majority of purchases highlight the importance of companies understanding their needs for product innovation and marketing.
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Barron Trump, President Donald Trump's youngest son, has started a new drinks company called Sollos Yerba Mate Inc. The company, which plans to sell yerba mate tea, is registered in both Delaware and Florida and has raised $1 million in capital through private funding.
Key Facts
Barron Trump is involved in a business called Sollos Yerba Mate Inc.
The company focuses on selling yerba mate, a caffeinated herbal tea.
It is registered in Delaware and Florida, both states known for accommodating business ventures.
The business has five directors, including Barron Trump, and involves college students he studied with in high school.
The company raised $1 million in capital via private placement.
Barron Trump’s venture is close to the Trump family’s Florida residence.
The business registration data initially listed the company name as SOULSTICE, INC., which was later changed.
President Trump is not involved in managing this business venture.
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Kim Kardashian's net worth is estimated at $1.9 billion, largely due to her successful fashion brand, Skims. Her new collaboration with Nike, called NikeSkims, introduces a special sneaker aimed at millennial women. This partnership may help both Kardashian's brand and Nike reach more customers.
Key Facts
Kim Kardashian's estimated net worth is $1.9 billion.
Nike and Kardashian launched a new product called NikeSkims Rift, a sneaker with a unique design.
NikeSkims Rift is priced at $150 and targets higher-income millennial women.
Skims, a key part of Kardashian's success, is valued at $5 billion after a 2025 funding round.
Kardashian has not passed the bar exam yet but is working towards becoming a lawyer via an apprenticeship program.
Following her divorce, she retained ownership of a $23 million mansion.
Kardashian has major business partners and investors, including well-known billionaires.
Nike's collaboration with Kardashian could help it connect more with female consumers.
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Fashion retailer Quiz has entered administration for the third time in six years, leading to job losses for 109 employees in Scotland. The company is holding clearance sales in its stores and has closed its online store, citing tough economic conditions and changing consumer shopping habits as main challenges.
Key Facts
Quiz has entered administration three times in six years.
109 staff in Scotland will lose their jobs, affecting the head office and distribution center.
Quiz currently operates 40 shops in the UK, catering to young, fashion-conscious women.
Quiz's online store is closed, and stores are running clearance sales without accepting refunds.
Interpath, the company managing the administration, states that economic challenges and changes in shopping habits are impacting retailers.
Quiz's concession stands in stores like New Look and Matalan are not part of this administration process.
Quiz shares were first listed on the London Stock Exchange in 2017.
The company had also entered administration in 2020 and 2025.
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Hims & Hers, a healthcare company, announced a partnership with GRAIL to offer their customers the Galleri multi-cancer detection test at a discount. This comes as President Donald Trump signed a new law to support Medicare coverage of these tests once they get FDA approval. The Galleri test aims to detect signals for over 50 types of cancer from a blood sample.
Key Facts
Hims & Hers is partnering with GRAIL to offer a cancer detection test to their customers.
The Galleri test can detect signals for more than 50 different types of cancer through a blood sample.
President Trump signed a law to pave the way for Medicare to cover multi-cancer detection tests after they receive FDA approval.
The Galleri test has not yet received approval from the FDA.
Some doctors worry that patients might skip recommended screenings if they receive a negative test result.
Costs of these cancer detection tests might limit access for some patients.
Official guidelines and Medicare decisions influence whether insurers will pay for these tests.
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The Bank of England has kept interest rates at 3.75% and hinted at possible future cuts, but does not expect rates to drop to the low levels of 2020. The Bank aims to control inflation at 2% while facing challenges like weak job growth and rising unemployment. Borrowers might see higher mortgage costs despite potential rate cuts.
Key Facts
The Bank of England held interest rates steady at 3.75%.
The Bank signaled that more interest rate cuts are possible in the future.
Current rates are expected to be close to their neutral level, balancing inflation and economic growth.
Inflation is expected to fall to about 2% soon but may see pressures from services like hotel costs.
Economic growth is predicted to be slow, with unemployment expected to reach 5.3%.
Previous low interest rates during the pandemic were due to economic support needs.
Rising food and energy costs, partly from the war in Ukraine, have affected inflation.
Borrowers refinancing mortgages might face higher costs than during the pandemic.
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Two former executives of a funeral plan company, Safe Hands, are facing fraud charges after the company's collapse in 2022. The collapse affected 46,000 customers who had prepaid for funeral services. The charges against Richard Wells and Neil Debenham were brought following an investigation by the Serious Fraud Office.
Key Facts
Two men, Richard Wells and Neil Debenham, appeared in court facing fraud charges.
They are accused of conspiracy to defraud and fraud by false representation.
Safe Hands, the company involved, collapsed in 2022.
The collapse affected 46,000 customers with prepaid funeral plans.
The Serious Fraud Office investigated the case leading to these charges.
The case was moved to Southwark Crown Court for a hearing on March 5.
Wells lives in Spain, and Debenham lives in Norwich.
Both executives received conditional bail.
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The housing market might change significantly by the end of the decade as a large portion of homeowners age. The CEO of Reventure app predicts that many older homeowners will sell their houses, increasing the number of homes for sale. However, some experts doubt this will cause a sudden change in the market.
Key Facts
The CEO of Reventure, Nick Gerli, said 14% of U.S. homeowners are over 75 years old.
In 2005, 8.5 million homeowners were over 75, which rose to 12.5 million now.
Gerli predicts that by 2029-2030, more homes will be for sale as these homeowners move out.
Areas like Hawaii and Florida have high percentages of older homeowners.
In Hawaii, 21.5% of homeowners are over 75; in Florida, it's 18.7%.
Some experts, like Michael Ryan, question if the market will "flip" and suggest changes may occur gradually.
Ryan noted that older people are still major home buyers.
Some believe changes in the housing market will be due to interest rates and the economy rather than just shifting demographics.
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It is becoming more expensive and difficult for people flying private jets to attend big events in the U.S. due to increased demand and fees. Events like the Super Bowl and Formula One races face restrictions on parking and special fees for private aircraft. To avoid issues, private jet travelers need to plan their flights well in advance.
Key Facts
Demand for private jets at big events has increased, raising costs and causing complications.
Events like Formula One races and the Super Bowl are facing parking and fee issues for private jets.
Special event fees can make landing at events such as the Super Bowl up to $25,000 more expensive.
Additional costs include fees from private terminals and accommodation costs for pilots.
San Francisco Bay Area airports are already challenged due to the Super Bowl's location in Santa Clara.
Travel complications include limited takeoff slots and traffic to airports after events.
Private jet companies recommend booking flights at least two weeks before an event to avoid problems.
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