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The Business Times
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- 1
Shipping costs are climbing sharply, adding fresh inflationary pressure to the UK economy. Higher freight rates typically feed through to import prices, affecting retailers, manufacturers and consumers alike. The rise adds to concerns about the UK's economic outlook, which is already strained by elevated prices and sluggish growth, prompting debate among economists and businesses about the impact on trade.
- 2
The Financial Times reports that SpaceX is shifting its strategic focus away from its core space launch business, in a piece headlined 'SpaceX pivots away from space' with the subheading 'Starbase, we have a problem'. The framing suggests trouble at the company's Texas Starbase site and questions about where Elon Musk's firm is heading next.
- 3Russian shelling damages businesses in Dnipro and Kryvyi Rih●Russian shelling damages businesses in Dnipro and Kryvyi Rih Russian forces attacked three districts in the Dnipropetrov
Russian forces shelled three districts in Ukraine's Dnipropetrovsk region nearly 20 times in a single afternoon, damaging businesses in both Dnipro and Kryvyi Rih. The strikes are part of ongoing attacks on the industrial region, with local officials reporting damage to commercial property. The bombardment underlines the continued pressure on cities in central-eastern Ukraine as the war grinds on.