Day Headlines in Business News: 2026-05-12
-
Air India crisis deepens ahead of final Ahmedabad crash report (BBC Business 2026-05-12 22:15:50)
Air India faces a leadership vacuum and mounting financial losses as it struggles to recover from the crash. -
Elon Musk said control of OpenAI should go to his children, Sam Altman tells jury (BBC Business 2026-05-12 18:51:56)
Sam Altman said Elon Musk tried many times for total control of OpenAI, which he's now suing. -
UK borrowing costs jump as uncertainty over PM's future continues (BBC Business 2026-05-12 14:15:23)
The possibility of a change of leadership in the UK has unsettled some investors and sent bond yields higher. -
eBay rejects $55.5bn offer from GameStop (BBC Business 2026-05-12 14:07:18)
The online auction giant said it doubted how the video game retailer would finance its offer. -
US inflation jumps to 3.8% as energy costs surge from Iran war (BBC Business 2026-05-12 14:06:08)
The key measure of US inflation rises its highest level since May 2023 as consumers feel the impact of the Iran war. -
UK borrowing costs hit highest for 18 years as uncertainty over PM continues (BBC Business 2026-05-12 12:20:06)
The possibility of a change of leadership in the UK has unsettled some investors and sent bond yields higher. -
Water firm fined after customers' details hacked (BBC Business 2026-05-12 11:18:10)
The hack went undetected by the Staffordshire firm for 20 months, regulator says. -
Texas accuses Netflix of spying on users, including children (BBC Business 2026-05-12 10:01:54)
The lawsuit comes amid increased scrutiny over platform features like auto-play that deliver endless content to users. -
Snack giant switches to black and white packaging as Iran war hits ink supplies (BBC Business 2026-05-12 07:46:47)
The effective closure of the Strait of Hormuz has severely disrupted global supplies of energy and petrochemicals. -
China should stop hoarding food and fertiliser, says former World Bank chief (BBC Business 2026-05-12 00:02:58)
David Malpass' comments come as US President Donald Trump and China's Xi Jinping are due to meet in Beijing.