Business News

Jo Malone hopes 'sense will prevail' in lawsuit over her name

April 09, 2026 • BBC Business

Summary

Jo Malone, a perfume designer, faces a legal case with Estée Lauder over the use of her name in a collaboration with Zara. Estée Lauder, which bought the rights to her brand name in 1999, claims that the use of Malone’s name on packaging violates previous agreements. Malone expressed surprise and sadness over the lawsuit and hopes for a resolution.

Key Facts

Estée Lauder purchased Jo Malone’s brand rights, including her name, in 1999.
Jo Malone established a new company called Jo Loves in 2011.
Estée Lauder is suing Jo Malone, Jo Loves, and Zara for using Malone’s name on product packaging.
The packaging in question includes the text: “A creation by Jo Malone CBE, founder of Jo Loves.”
Jo Malone has not been allowed to use her name for commercial purposes according to the terms of the 1999 sale agreement.
Malone is willing to defend her case in court but hopes for a resolution.
The collaboration with Zara started in 2019 and used Malone's name prominently.
Estée Lauder emphasizes the importance of protecting contractual obligations and their brand investment.

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BBC Business BBC Top Stories

Airfare Hikes Likely As Delta Makes Major Change Amid Soaring Oil Prices

April 09, 2026 • Newsweek

Summary

Delta Air Lines plans to decrease its flight capacity due to rising fuel costs linked to the conflict in the Middle East. These changes could lead to higher airline ticket prices as Delta aims to manage increased expenses.

Key Facts

Delta intends to cut its planned flight capacity growth by 3.5 percentage points.
Rising oil prices have led Delta to expect a higher fuel bill by $2 billion in the next financial quarter.
Jet fuel prices rose to $4.81 a gallon from about $2.50 earlier this year.
Delta increased checked baggage fees to offset rising fuel expenses.
Delta’s CEO noted the company's own refinery could help reduce fuel costs.
The airline aims to recover 40 to 50% of the additional fuel costs.
Despite cost increases, Delta reports strong demand for travel, particularly for premium services.

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Is the world economy heading towards stagflation?

April 09, 2026 • Al Jazeera

Summary

The article discusses concerns that the world economy might be moving toward stagflation, a situation where economic growth slows while prices continue to rise. It explains what stagflation is and why some experts are worried about this possibility.

Key Facts

Stagflation is when an economy experiences slow growth and rising prices at the same time.
Economists and investors are concerned about the possibility of global stagflation.
The report is by Yasmeen ElTahan for Al Jazeera.
The article was published on April 9, 2026.
The discussion focuses on factors that might lead to stagflation in the global economy.

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Al Jazeera

How To Find a Gas Credit Card That Actually Pays Off in 2026

April 09, 2026 • Newsweek

Summary

The article discusses how to choose a gas credit card that offers good rewards on fuel purchases. It explains the types of gas credit cards available and suggests factors to consider when selecting one, such as rewards rates, spending caps, and fees.

Key Facts

The average American household spends about $2,400 per year on gas.
There are two main types of gas credit cards: co-branded gas station cards and general rewards cards with gas categories.
Co-branded cards offer high savings at specific gas stations, while general cards offer broader flexibility and rewards.
Important factors for choosing a gas credit card include the rewards rate on gas, spending caps, and annual fees.
Some cards offer as much as 5% back on gas purchases.
It's essential to know if spending caps or fees affect the card's value.
Rewards can be redeemed in various ways, with cash-back options being the simplest.
Existing warehouse club members might benefit from co-branded credit cards with those clubs.

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Newsweek

Jennifer Meyer on Turning One Hit Product Into a 20-Year Brand

April 09, 2026 • Newsweek

Summary

Jennifer Meyer, a jewelry designer, started her brand by promoting a unique leaf necklace that caught attention after appearing in a movie with Jennifer Aniston. This exposure helped her turn her jewelry line into a lasting business without the advantage of modern tools like social media. She emphasizes creating timeless and meaningful jewelry that forms a personal connection with the wearer.

Key Facts

Jennifer Meyer began her jewelry brand by personally pitching her designs to various jewelers.
Her big break came when a leaf necklace she made was featured in the movie "The Break-Up" with Jennifer Aniston.
The movie's success led to high demand for her leaf necklace, starting her business growth.
Meyer initially did not know how to price her jewelry or reproduce her samples.
She believes in creating jewelry that holds personal meaning and can be worn every day.
Meyer's brand grew over 20 years, adapting from institutional retail to current digital spaces like Instagram.
She learned jewelry-making from her grandmother, and values the emotional stories tied to each piece.
Meyer mentions the joy of giving and receiving jewelry and its lasting significance.

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Newsweek

Fed Minutes Reveal How Officials Reacted to Iran Conflict

April 09, 2026 • Newsweek

Summary

The Federal Reserve released minutes from a recent meeting showing concerns about the economic effects of the conflict in Iran. Officials worried the ongoing war might lead to higher energy prices and impact the U.S. economy, including inflation and job markets. Despite these concerns, the Federal Reserve decided to keep interest rates unchanged.

Key Facts

The Federal Reserve held a meeting on March 17-18 and decided not to change interest rates.
Officials were worried about the impact of the Iran conflict on the U.S. economy.
The conflict was in its third week during the meeting and had led to increased uncertainty.
Concerns included potential rises in energy prices and their effect on inflation.
The conflict might lower business confidence and weaken the job market.
Despite the ceasefire, economic effects like high oil prices continue to affect businesses and consumers.
Federal Reserve Chair Jerome Powell stated the policy aims at maximum employment and stable inflation.
A ceasefire between the U.S. and Iran led to a drop in oil prices and some recovery in U.S. stock markets.

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Newsweek

WATCH: Kalshi founders talk insider trading, gambling, Don Jr. on "The Axios Show"

April 09, 2026 • Axios

Summary

The co-founders of Kalshi, a predictions market company, discussed their operations on "The Axios Show," explaining how their platform is similar to a stock market rather than a gambling site. Despite some legal challenges and criticism, Kalshi continues to expand and is valued at $22 billion. The company is involved in ongoing legal battles about the regulation of predictions markets.

Key Facts

Kalshi is a predictions market where people place bets on events like elections and sports.
The company recently handled nearly $13 billion in bets in one month.
Kalshi is raising new funding, with a reported valuation of $22 billion.
All its prediction contracts have approval from the Commodity Futures Trading Commission.
Kalshi makes money by taking a cut from wins and selling data to institutions.
About 70% of Kalshi's trades in March were sports-related, which helps boost platform activity.
Kalshi has faced and often won legal challenges in multiple states regarding its operation.
The Supreme Court may ultimately decide the legality of Kalshi’s services.

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Axios

Britain's 'most beautiful coin' sold for £110,000

April 09, 2026 • BBC Top Stories

Summary

A rare British coin called the "Una and the Lion" sold for £110,000 at an auction. The coin, made in 1839 to mark Queen Victoria's reign, is considered very beautiful and is sought after by collectors.

Key Facts

The "Una and the Lion" coin sold for £110,000 at an auction.
Fewer than 300 of these coins were produced in 1839.
The coin celebrates the start of Queen Victoria's reign.
It shows Queen Victoria as Lady Una from a 16th Century poem.
The coin was designed by William Wyon, a prominent 19th Century engraver.
It's known for its artistic value and rarity.
The previous record sale for this coin is £340,000.
The coin is part of a private collection found during a probate valuation.

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BBC Top Stories

How To Use Your Tax Bill To Get a Free Vacation

April 09, 2026 • Newsweek

Summary

The article explains how paying taxes with a credit card can help earn points or miles, which might lead to travel rewards. By using a credit card for a large tax bill, people could meet spending requirements for credit card bonuses, despite a small processing fee involved. It advises considering the costs and benefits to decide if this strategy is worthwhile.

Key Facts

You can pay taxes with a credit card, but it results in a processing fee of 1.75% to 1.85%.
Using a credit card for taxes can help meet spending requirements for welcome bonuses.
A high tax bill could help quickly achieve a card's spending minimum.
Consider the credit card's annual fee and whether you can handle it.
Points earned from taxes can lead to rewards like travel points or hotel stays.
The value gained from points could exceed the fees paid, depending on how points are used.
This strategy is most beneficial if you plan to pay the full tax amount upfront without credit.

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Newsweek

Can Paying Cash for Health Care Save You Money?

April 09, 2026 • Newsweek

Summary

People can pay for health care services directly without using insurance, a method known as "cash-pay health care." This approach might be cheaper than using insurance, especially for those with high deductibles or copays.

Key Facts

Cash-pay health care is paying directly for medical services without involving insurance.
You can use cash-pay even if you have insurance, especially if your insurance costs are high.
Paying out of pocket might avoid costs related to insurance claims, like denials or delays.
This option might be cheaper than paying deductibles or copays.
You can choose any health care professional, not limited to your insurance network.
Types of cash-pay options include concierge care, convenience care, direct primary care, and sliding scale care.
Patients are entitled to a good faith estimate (GFE), detailing expected costs, when not using insurance.

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Newsweek

Lidl begins building its first ever pub

April 09, 2026 • BBC Business

Summary

Lidl, a supermarket chain, is building its first pub in Northern Ireland due to the region's strict alcohol licensing laws. Unable to get a standard license to sell alcohol in its store, Lidl is constructing a separate pub next door. The plan faced legal challenges but was allowed by the court.

Key Facts

Lidl is opening its first-ever pub in Dundonald, Northern Ireland.
Northern Ireland's strict licensing laws make it hard for supermarkets to get standard alcohol sales licenses.
Lidl's pub will be next to its store and can seat up to 60 customers.
The plan to open the pub faced a legal challenge, which was dismissed in January 2025.
Lidl's pub will sell selected beers, wines, and spirits, focusing on local products.
In Northern Ireland, supermarkets must buy a surrendered license and show a need for more alcohol-selling venues to sell alcohol.
Lidl could not pass the test for a standard off-license but succeeded for a pub due to recent local pub closures.

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BBC Business BBC Top Stories

Disney Announces Major Shake-Up To Affect up to 1,000 Workers

April 09, 2026 • Newsweek

Summary

Disney plans to lay off up to 1,000 employees in the coming weeks. This will be the first job cut since Josh D’Amaro became CEO in March. The layoffs will mainly impact the marketing department.

Key Facts

Disney aims to reduce its workforce by up to 1,000 employees.
Josh D’Amaro became Disney's CEO in March.
The layoffs will mostly affect the marketing department.
Disney employs about 231,000 people worldwide.
In 2025, Disney reported an annual revenue of $94.4 billion.
Previous large-scale layoffs occurred in 2023, impacting 7,000 positions.
The layoffs are part of a restructuring plan started before D’Amaro's tenure.
Disney is focusing on consolidating its marketing efforts under Project Imagine.

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Newsweek

Exclusive: JPMorgan strikes carbon removal deal that doubles as wildfire prevention

April 09, 2026 • Axios

Summary

JPMorgan Chase has made a deal with a startup called Graphyte to remove carbon dioxide from the air with the added benefit of reducing wildfire risks. This agreement involves removing 60,000 tons of carbon over ten years through processes in Arkansas and Arizona. While carbon removal is key to fighting climate change, the industry faces challenges like policy changes under President Trump.

Key Facts

JPMorgan Chase partnered with Graphyte for carbon removal, which could also help prevent wildfires.
Graphyte will provide 60,000 tons of carbon removal credits over ten years.
The project involves existing work in Arkansas and a new facility planned in Arizona.
Carbon removal is seen as essential for climate goals but faces challenges without federal policy support.
Graphyte’s method involves storing compressed agricultural and forestry waste underground to prevent carbon re-entry into the atmosphere.
The Arizona facility will use forest thinning material to help prevent wildfires.
The carbon removal agreement is the largest known deal for Graphyte.
Despite the industry's hurdles, JPMorgan continues investing in carbon credits even as federal support declines.

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Axios

Who Is Sara Cohen? 'The Housemaid' Author Reveals Identity After 23 Years

April 09, 2026 • Newsweek

Summary

The author known as Freida McFadden has revealed her real identity as Sara Cohen, a physician. Cohen, who wrote the bestselling book "The Housemaid," decided to go public after over 20 years of anonymity coinciding with changes in her professional life. The book's success led to a successful film adaptation and a growing thriller franchise.

Key Facts

Freida McFadden is actually Sara Cohen, a 45-year-old doctor.
Cohen specializes in traumatic brain injury and wrote novels under a pen name.
"The Housemaid" became a bestselling book and a hit movie.
Cohen's identity reveal follows her decision to work less frequently in medicine.
The book spent 83 weeks on Amazon’s best-seller list and 60 weeks on The New York Times best-seller list.
Cohen used a wig and glasses to maintain privacy while writing under a pseudonym.
A sequel to "The Housemaid" has been announced, with plans for more installments in the series.

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Newsweek

Oil prices rise as traders eye fragile US-Iran ceasefire

April 09, 2026 • BBC Business

Summary

Oil prices went up as traders watched a temporary ceasefire between the U.S. and Iran. The ceasefire is under stress after Israel conducted strikes in Lebanon, and Iran issued warnings in response. Despite the ceasefire announcement, oil prices increased, and shipping through the Strait of Hormuz faced threats due to tensions.

Key Facts

Oil prices rose in Asian trading on Thursday.
There is a temporary two-week U.S.-Iran ceasefire in place.
Israel's strikes in Lebanon challenged the ceasefire.
Iran warned it might respond if the attacks continue.
Oil prices dropped initially when the ceasefire was announced.
The Strait of Hormuz, a major shipping route, faced threats of attack by Iran.
Brent crude oil went up 3.3% to $97.90.
West Texas Intermediate oil increased by 3.2% to $97.55.

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BBC Business BBC Top Stories BBC World

Chicago Cafe Under Fire After Viral Videos Expose ‘Ridiculous’ Pricing

April 09, 2026 • Newsweek

Summary

A coffee shop in Chicago, Sakrid Coffee, is facing criticism after videos on TikTok highlighted high prices for its drinks, with some drinks reportedly costing as much as $16. The cafe has acknowledged pricing and billing issues and is working to improve clarity and operations. This comes amid rising coffee prices due to global factors affecting coffee harvests.

Key Facts

Sakrid Coffee in Chicago is criticized for high drink prices, notably a $16 iced vanilla latte.
Customers report being double-charged and later refunded.
The cafe admitted to inconsistencies in pricing and is addressing the problems.
Rising coffee costs globally, due to weather affecting harvests, contribute to price increases.
The U.S. saw record high ground roast coffee prices in July at $8.41 per pound.
Online reactions were critical, with many questioning the justification for high prices.
Sakrid Coffee is working to clarify menu pricing and improve customer communication.

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Newsweek

The construction boss who built a new life after three years in prison

April 08, 2026 • BBC Business

Summary

Traci Quinn, a former nurse, started a successful all-female construction company, Pink Hats, in Chicago after serving a prison sentence. She faced challenges, including sexism and racism, but overcame them by gaining construction skills and business knowledge.

Key Facts

Traci Quinn was previously a nurse and served three years in prison for transporting cannabis.
After her release, she started Pink Hats, a construction firm based in Chicago.
The company began during the COVID-19 pandemic in 2020.
Traci initially used sub-contractors but faced issues with their work quality.
The construction industry in the U.S. has a low percentage of women, around 11%, and even fewer are Black women, less than 7%.
Traci faced sexism and racism in the male-dominated construction industry.
To improve her skills, she took construction classes and joined mentorship programs.
Pink Hats grew from earning $125,000 in its first year to over $1 million.

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BBC Business BBC Top Stories

'Even if Iran war ends now, farmers' costs will have to be passed on'

April 08, 2026 • BBC Business

Summary

The conflict in Iran has increased costs for UK farmers, especially in fuel and fertiliser, leading to higher food prices. Even with a ceasefire, the costs are already impacting the farming sector. Farmers face difficulty in absorbing these costs and must pass them on to consumers.

Key Facts

War in Iran has led to increased costs for UK farmers, affecting prices of fuel and fertiliser.
Fertiliser costs have increased by 40%, and red diesel costs have doubled.
The Strait of Hormuz, a key passage for global fertiliser, has been blocked, contributing to price rises.
Inflation of farm costs in March is over 7% higher compared to last year.
The Food and Drink Federation expects UK food inflation to reach at least 9% before the year ends.
Farmers report they cannot absorb these costs, likely leading to higher food prices for consumers.
Previous increases in farming costs occurred due to the Ukraine-Russia conflict.

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BBC Business BBC Top Stories

FAA Floats Penalty for Airline Over Flight Attendants’ Drug Allegations

April 08, 2026 • Newsweek

Summary

The Federal Aviation Administration (FAA) plans to fine American Airlines $255,000. The airline allegedly let flight attendants who failed drug and alcohol tests return to work without proper checks.

Key Facts

The FAA is proposing a $255,000 fine against American Airlines.
The airline is accused of violating federal drug and alcohol rules.
Between May 2019 and December 2023, 12 flight attendants returned to work after failing drug tests.
The substances involved included alcohol, amphetamines, cocaine, marijuana, and methamphetamine.
These flight attendants resumed safety-related duties without completing required follow-up tests.
American Airlines has 30 days to respond to the FAA’s enforcement letter.
Newsweek contacted American Airlines for comments regarding the issue.

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Newsweek

Book Vacation Plane Tickets Now—Before Pricing Gets Worse, Experts Say

April 08, 2026 • Newsweek

Summary

Airfare prices are increasing due to high jet fuel costs caused by a conflict involving the U.S. and Iran. These costs, along with higher baggage fees and fewer available flights, are expected to continue for several months, affecting travelers financially.

Key Facts

Airline ticket prices are rising and may stay high for 6 to 9 months.
The conflict between the U.S. and Iran has increased jet fuel prices.
Fuel costs have nearly doubled compared to before the conflict.
Airlines have raised checked-bag fees, adding to travel costs.
United, Delta, and JetBlue have increased their base fares.
Major airlines are reducing flight schedules to manage costs.
Historically, once airlines raise fees, they tend not to lower them again.
Fewer flights mean less seat availability, making travel more expensive.

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