Gopichand Hinduja, the head of the UK's wealthiest family, has died at age 85. The Hinduja family's vast wealth comes from the Hinduja Group, a global company that operates in various industries. The family topped the Sunday Times Rich List with a net worth of £35.3 billion, but it's unclear who will lead the company now.
Key Facts
Gopichand Hinduja led the Hinduja Group, an international conglomerate based in India.
The Hinduja Group operates in 11 sectors, including finance, media, and oil, with 200,000 employees globally.
The family is Britain's richest, with a net worth of £35.3 billion, and ranked 11th among India's wealthiest in 2024.
Gopichand was the second oldest of four brothers who jointly managed the Hinduja business for years.
The eldest brother, Srichand, died at 87 in 2023; it’s unclear who will take over leadership now.
The youngest brother, Ashok, oversees operations in India, including the truck maker Ashok Leyland.
Significant family properties in London include real estate near St James's Park and the refurbished Old War Office at Whitehall.
Gopichand was involved in the "Hinduja affair" in 2001, relating to citizenship issues and political controversy.
The UK government is considering raising taxes because productivity growth forecasts are expected to decrease. Lower productivity means the economy grows slower, leading to lower tax revenue, which pressures the government to find ways to cover its expenses. Slow productivity growth has been an issue in the UK since the financial crisis, with various factors contributing to it.
Key Facts
Chancellor Rachel Reeves may increase taxes in the upcoming Budget due to lowered productivity forecasts.
The Office for Budget Responsibility (OBR) has reduced its UK productivity growth forecast.
Productivity measures how much the economy produces per hour of work.
Lower productivity growth can result in less GDP growth and lower tax revenue.
Each 0.1% point drop in productivity growth could increase projected borrowing by £7 billion in 2029-30.
Since 2010, UK productivity has grown by only 0.4% a year on average, much lower than the previous average of 2% from 1971 to 2009.
The UK's productivity slowdown is similar to other advanced countries but is notably worse compared to some, like Germany and Japan.
Factors like the financial crisis and past austerity measures may have contributed to the UK's weak productivity growth.
Boeing is facing its first civil trial related to the 2019 crash of a 737 Max plane in Ethiopia, where all 157 people aboard died. The trial will decide how much Boeing should pay to the families of two victims, as the company has already accepted responsibility for the accident. Most lawsuits have been settled, but 14 cases remain unresolved.
Key Facts
A Boeing 737 Max crashed in Ethiopia in March 2019, killing 157 people.
Boeing has settled most wrongful death lawsuits from families of victims.
Jury selection began for two cases in federal court in Chicago.
The trial will determine the financial compensation for two victims' families.
Boeing has accepted responsibility for the Ethiopian Airlines crash and another similar crash in Indonesia.
An out-of-court settlement is still possible even as the trial proceeds.
14 lawsuits related to the crashes are still unresolved.
Boeing was charged with conspiracy to commit fraud over the crashes due to misleading regulators about a flight-control system.
IBM plans to lay off thousands of employees before the end of the year, impacting a small percentage of its global workforce. The company aims to improve financial performance amidst broader industry trends towards efficiency and AI adoption.
Key Facts
IBM announced layoffs affecting a "low single-digit percentage" of its 270,000 global workers.
A 1 percent reduction means about 2,700 jobs lost.
Many companies are laying off workers to boost profits and adapt to changing business priorities.
IBM reported a 10 percent revenue increase in its software division last month.
The tech industry is focusing on AI tools to remain productive with fewer employees.
IBM anticipates that U.S. job numbers will not change significantly despite the layoffs.
Other tech firms, like Meta and Amazon, have also announced significant layoffs recently.
Business experts predict more layoff announcements as the year ends due to operational reviews and economic adjustments.
Yum! Brands is thinking about selling its Pizza Hut chain because it is having a hard time competing in the U.S. pizza market. U.S. sales have dropped over several months, affecting overall business performance. Other Yum! chains like KFC and Taco Bell are doing better, partly due to their lower price points.
Key Facts
Yum! Brands may sell Pizza Hut because of declining sales.
Pizza Hut’s U.S. market accounts for 42% of its global sales.
Pizza Hut's sales dropped 1% in the last quarter.
KFC and Taco Bell have seen recent sales increases.
Yum! Brands gets about 11% of its profits from Pizza Hut.
The company operates roughly 20,000 Pizza Hut stores worldwide.
Competitors like Domino's and Papa Johns are gaining market share.
Inflation and slow job growth have led to cautious consumer spending, affecting fast-food sales.
President Donald Trump stated that an upcoming Supreme Court hearing about tariffs is crucial for the U.S. He emphasized that a favorable decision is important for financial and national security.
Key Facts
President Trump discussed a Supreme Court hearing about tariffs.
He called the case "life or death" for the United States.
According to Trump, the case influences economic and foreign policy.
He mentioned that tariffs help maintain economic security.
Trump indicated that the U.S. stock market is performing well.
He posted his comments on the social media platform Truth Social.
Federal Reserve leaders are divided over whether to cut interest rates because of missing government data due to a shutdown. Some leaders want to wait for more information, while others believe they should continue with rate cuts despite the uncertainty.
Key Facts
There is a disagreement within the Federal Reserve about cutting interest rates next month.
The debate is partly due to missing government data because of a shutdown.
Federal Reserve Chair Jerome Powell mentioned the lack of data might make the Fed more cautious.
Some policymakers compare the situation to driving in fog, suggesting caution but not stopping.
Fed Governor Christopher Waller argues that the Fed should keep cutting rates despite the data gap.
The Fed's hawkish members, who worry about inflation, use the lack of data to argue against more rate cuts.
The division within the Fed reflects broader concerns about the U.S. economy and inflation management.
The Supreme Court is set to hear arguments about the legality of tariffs imposed under President Trump's policy. These tariffs have had an effect on the U.S. economy, and the court's decision could have significant implications.
Key Facts
The Supreme Court will listen to arguments on President Trump's tariff policy.
The focus is on whether the tariffs are legal.
Tariffs are taxes on imported goods.
President Trump's tariffs have had noticeable impacts on the U.S. economy.
The outcome of the case could affect future trade and economic policies.
Rachel Reeves, the Chancellor, suggested that taxes might increase soon, as she spoke about future budget changes. The announcement is in preparation for the upcoming budget on November 26, despite previous promises not to raise certain taxes.
Key Facts
Rachel Reeves is considering tax increases before the next budget.
The announcement happened on November 4, 2025.
The budget announcement is set for November 26, 2025.
Previously, Labour promised not to increase income tax, VAT, or National Insurance.
The statement was made to journalists during a speech about budget challenges.
The announcement was part of a daily political news podcast episode by the BBC.
French authorities are considering blocking Shein's market access after discovering sex dolls with a "childlike" appearance listed on its platform. France's consumer watchdog has fined Shein for misleading pricing and environmental claims. Shein plans to open its first permanent store in Paris amidst protests and criticism over labor and environmental practices.
Key Facts
French authorities might block Shein from the market due to controversial listings on its site.
The watchdog fined Shein 40 million euros for deceptive pricing and environmental claims.
Shein is opening its first permanent store in Paris.
There’s a protest against the store opening, with over 100,000 signatures on a petition.
Shein, founded in China, is known for fast fashion and operates mostly online.
Reports highlight labor issues, including excessive working hours and child labor in some suppliers.
Shein's high production rate raises concerns about environmental impact.
Manchester Pride owes £1.3 million to performers, suppliers, and venues. The charity behind the event has gone into liquidation after struggling with financial issues and low ticket sales for its 2025 event. The organization's attempts to secure financial stability and potential solutions were unsuccessful.
Key Facts
Manchester Pride owes £1.3 million to 182 companies and individuals.
Nelly Furtado's production company is owed £145,775.75.
The venue management company for Mayfield Depot is owed £330,329.
First aid charity St John Ambulance is owed £47,330.40.
Legal advice was sought in September as ticket sales were low.
The organization explored rescue options but entered liquidation on October 16.
The Mardi Gras event did not make expected profits, impacting overall finances.
Manchester Pride unsuccessfully bid to host EuroPride 2028, which could have provided financial support.
Teen Vogue, a magazine known for covering fashion, celebrity, and social issues, is moving under Vogue.com. As part of this transition, several staff members have been laid off, and the magazine's editor-in-chief is leaving. The reorganization aims to integrate Teen Vogue into the larger Vogue brand.
Key Facts
Teen Vogue is transitioning to be part of Vogue.com.
Several staff members, including Teen Vogue's politics editor, are being laid off.
Six staff members laid off are part of a New York union.
The changes include the departure of the editor-in-chief, Versha Sharma.
Chloe Malle from American Vogue will oversee the new portfolio.
The Roosevelt Institute criticized the decision, saying it limits diverse voices.
Condé Nast says Teen Vogue will keep its unique identity under Vogue.
Chrysler is recalling over 320,000 Jeep plug-in hybrid vehicles because a faulty battery can cause fires. These include certain models of Jeep Wranglers and Jeep Grand Cherokees. Vehicle owners are advised to park outside and not charge their cars until a solution is found.
Key Facts
Chrysler is recalling more than 320,000 Jeep plug-in hybrids due to a battery issue.
The problem can cause the battery to fail and possibly catch fire.
Affected models include 228,221 Jeep Wranglers (2020-2025) and 91,844 Jeep Grand Cherokees (2022-2026).
Vehicle owners should park their cars outside and avoid charging them.
Interim notification letters will be sent to owners by December 2, 2025.
Another letter will be sent when a final fix is available.
The recall number is 68C and owners can contact Chrysler customer service for more information.
Vehicle Identification Numbers related to the recall can be checked on NHTSA.gov starting November 6, 2025.
The batteries were made by Samsung SDI America in Auburn Hills, Michigan.
Coca-Cola is facing criticism for using artificial intelligence (AI) to create its Christmas advertisement. The ad features animated animals and Santa Claus, created using generative AI, which sparked backlash from some viewers. Coca-Cola defended its decision, highlighting its ongoing goal to use new technology in its campaigns.
Key Facts
Coca-Cola's 2024 Christmas ad was made with generative AI.
The ad includes animated animals and Santa Claus, based on original company drawings.
Coca-Cola used music from its 1955 commercial in the ad.
The company first used an entirely AI-created film the previous year.
Some critics on social media called the ad an "eyesore" and criticized the use of AI over human animators.
Coca-Cola’s global VP for generative AI claimed this year's ad was "ten times better" than last year’s.
The company stated its aim to innovate with technology in content creation.
There is some public backlash against Coca-Cola's use of AI, with criticism highlighted on social media platforms.
Florida Blue and Cleveland Clinic are negotiating a contract that could affect health insurance coverage for Florida Blue members at Cleveland Clinic locations. If they do not agree, millions of Florida Blue members might lose coverage at Cleveland Clinic facilities in Florida by March 1, 2026. This issue arises during the health insurance open enrollment period.
Key Facts
Florida Blue is talking to Cleveland Clinic about a contract for insurance coverage.
If no deal is made, Florida Blue members will lose coverage at Cleveland Clinic starting March 1, 2026.
The open enrollment period for health insurance is from November 1, 2025, to January 15, 2026.
Florida Blue serves over five million people in Florida.
Cleveland Clinic has more than 50 places in Florida, like hospitals and care clinics.
Florida Blue has previously gone out of network with other health systems in 2023.
Patients are advised to keep current appointments and check care options with Florida Blue.
The article discusses the challenges faced by Chancellor Rachel Reeves as she prepares a new Budget. Tax increases are likely needed to address debt and improve public services, and some blame is placed on previous government decisions and external factors. The possibility of breaking promises related to not raising main tax rates is also highlighted.
Key Facts
Chancellor Reeves needs to prepare a Budget addressing debt and public services.
Tax increases may be necessary, possibly amounting to £30bn.
Previous governments' decisions and external factors like trade tariffs and supply chain issues are cited for economic challenges.
The productivity of the economy, which measures output per hour worked, remains low.
There is speculation that tax rates like income tax might rise, despite previous pledges not to.
Official figures show public service efficiency, especially in healthcare, has decreased since Labour took power.
Analysts say tax rises from last year’s Budget have affected growth and inflation.
Options for tax increases include levies on banks or the gambling industry.
Papa Johns is introducing a new large pizza, the Grand Papa, and a dessert called Salted Caramel Blondie. These items will be available starting in November across the United States to attract more customers and promote sales growth.
Key Facts
Papa Johns will launch the Grand Papa pizza and Salted Caramel Blondie dessert in November.
The Grand Papa is an 18-inch pizza with deli-style pepperoni and a cheese blend, priced at $14.99.
The Salted Caramel Blondie is a dessert bar for $6.99 in a value deal or $9.49 alone.
Both items can be ordered via the app or website and are available for delivery and pickup.
Papa Johns plans to open up to 115 new restaurants in North America.
The company expects sales growth of 2 to 5 percent in 2025.
These menu changes come as consumer spending is tightening.
Sir Alan Bates, a campaigner for victims of the Post Office Horizon IT scandal, has reached a settlement with the UK government after more than 20 years of efforts. The scandal involved the wrongful prosecution of over 900 subpostmasters due to errors in the Horizon computer system, leading to a significant financial and personal impact on those affected. The government has paid over £1.2 billion to the victims, but the compensation process has faced criticism for being slow and insufficient.
Key Facts
Alan Bates led a group of 555 subpostmasters in a legal case against the Post Office.
These subpostmasters were wrongly accused of financial shortfalls due to flaws in the Horizon IT system.
The wrongful accusations led to over 900 prosecutions between 1999 and 2015.
Many subpostmasters used personal savings to cover the supposed shortfalls to avoid prosecution.
The government has settled with Bates but did not disclose the payment amount.
Over £1.2 billion has been paid to over 9,000 victims by the government.
The government now provides free legal advice for victims claiming compensation.
Criticism of the compensation schemes includes claims of them being slow and unfair.
Subway has launched a new limited-time menu called the Festive Feast collection, which includes three Thanksgiving-themed sandwiches. These sandwiches feature traditional Thanksgiving flavors and are available in Subway restaurants across the U.S. starting November 13. The menu aims to provide a quick and affordable Thanksgiving meal option.
Key Facts
Subway's new menu is called the Festive Feast collection and includes three Thanksgiving-inspired subs.
The new subs feature ingredients like oven-roasted turkey, stuffing, and cranberry sauce.
The collection includes three specific sandwiches: TurHamKen, Festive Turkey, and Festive Chicken.
Each sandwich comes with Monterey Cheddar cheese, spinach, red onions, mayonnaise, stuffing, and cranberry sauce.
Customers can add stuffing or cranberry sauce to any sub for an additional $1.
Subway offers a promotion for MVP Rewards members: buy one footlong sub and get another for $1 with a promo code.
It is unclear if the Festive Feast collection will be offered annually or in international locations.
Hy-Vee, a major supermarket chain in the Midwest, is offering free meals to children to help address food insecurity due to rising grocery costs and uncertainties in SNAP funding. The initiative runs from November 3 to 7 and encourages donations for local food banks.
Key Facts
Hy-Vee is providing free meals to children aged 12 and under from November 3 to 7 at its locations with hot food facilities.
Meals are available from 4 p.m. to 7 p.m. with options for dine-in or takeout.
Adults can buy similar meals for $3.
Hy-Vee customers can buy $5 and $10 donation bundles for nearby food banks at checkout.
The company has shared budget-friendly recipes on social media for meals costing $3 or less per serving.
Hy-Vee has a history of supporting food banks with donations, including a $100,000 recent contribution and $70 million in-kind food donations over the past year.
