Business

After weathering a decade-long financial crisis, Greece has re-emerged as a magnet for global wealth and investment and is now a Continent-defying pioneer of economic growth. Central to this transformation is the country’s ability to attract high-net-worth individuals – particularly through the Golden Visa program – which has positioned Greece as a top destination for millionaire migration. Introduced in 2013, Greece’s Golden Visa scheme offers residency to non-EU nationals who invest at least €250,000 in...

August brought a wave of positive news for the cryptocurrency market. 94% of Ripple (XRP) holders are currently profitable, making XRP one of the most promising crypto assets of 2025. As a key pillar of the global cross-border payment network, XRP not only offers advantages in practicality and liquidity, but also creates enormous wealth potential for investors. Against this backdrop, RICH Miner officially launched its XRP-based cloud mining and profit conversion service, helping users convert...

Hospitality businesses across Britain are being forced to shut their doors at least one day a week as soaring wage costs and higher taxes pile pressure on the sector. A new survey by leading trade bodies found that almost three quarters of pubs, restaurants and cafes were operating at or below 85 per cent of their normal capacity, with many cutting back opening hours in a scramble to save cash. The closures follow the Chancellor...

King’s College, Cambridge has revealed the 24 startups selected for its first-ever incubator programme, SPARK 1.0, an initiative designed to turn research-backed ideas from students and alumni into investable companies. The new scheme, created by King’s Entrepreneurship Lab (King’s E-Lab) in partnership with Founders at the University of Cambridge, aims to support the next generation of entrepreneurs tackling global challenges ranging from disease prevention to climate resilience and fertility support. King’s College has long been...

A new study has set out a strategic digital roadmap to fast-track the UK steel industry’s transition to net zero, warning that overcoming skills shortages, regulatory hurdles and investment uncertainty is vital if the sector is to meet its climate goals. The research, developed by academics at the University of Warwick and supported by the InterAct programme, identifies 12 critical barriers to the adoption of Industrial Digital Technologies (IDTs). These include everything from regulatory complexity...

Inflation climbed to its highest level in a year and a half in July, driven by surging air fares, hotel stays and grocery bills, dealing a blow to Rachel Reeves as she prepares her first autumn budget as Chancellor. The Office for National Statistics (ONS) said annual consumer price inflation rose to 3.8 per cent last month, up from 3.6 per cent in June and the sharpest reading since January 2024. The figure overshot economists’...

The number of private schools collapsing into administration has doubled in the first half of this year, as the government’s VAT changes bite into the sector’s finances. Figures released by risk advisory firm Kroll show that 12 private schools went into administration between January and July, compared with six during the same period last year. Four of those failures occurred in July alone, raising fears that closures could accelerate further. Kroll warned that administrations across...

Applied Nutrition, the sports nutrition business backed by JD Sports and Coleen Rooney, has posted forecast-beating sales and profits in its first year as a public company, defying concerns over consumer spending. The Liverpool-based firm told investors that revenues for the year to 31 July are expected to hit £107 million, comfortably ahead of City forecasts of £100 million and up 24 per cent year-on-year. Adjusted underlying profit is also set to be 19 per...

Chancellor considers ending capital gains exemption on properties above £1.5m amid £40bn funding shortfall Rachel Reeves is weighing plans to impose capital gains tax (CGT) on the sale of high-value homes, a move expected to be framed as a “mansion tax” as she seeks to address a £40 billion hole in the public finances. Currently, homeowners do not pay CGT on their primary residence thanks to private residence relief. But under proposals being explored by...