The UK government is pushing for late-night openings across pubs and restaurants to fuel economic growth, while the Bank of England (BOE) warns of a looming market correction amid soaring AI valuations. Elsewhere, the UK steel industry faces what could be its biggest crisis yet as the EU plans steep tariffs, and Discord reports a third-party data breach affecting around 70,000 users. Read on for LCN’s pick of this week’s top commercial stories making headlines!

In the UK, inflation rates have fallen and X has seen a significant drop in revenues and profits since Elon Musk's takeover of the social media platform. Meanwhile, we continue to see the impact of President Donald Trump’s tariffs on chip manufacturing company Nvidia and China has unexpectedly appointed a new trade envoy.

UK general election, proposed acquisitions, Taylor Swift ticket scams and Microsoft’s new AI feature are on our radar this week. Read on for a summary of these stories and use the PESTLE technique to delve further into the impacts of each one. 

There’s another streaming service in town; car sales are back on the up following difficulty in the industry as a result of the pandemic; and a code of practice has been put together to govern researchers’ work on biological models of human embryos. 

Dive into this week’s commercial news round-up for an update on the state of the UK economy and unemployment rates. We also take a look at the latest in the legal battle between EasyGroup and an indie band, and provide an update to the Premier League’s financial rules system for the 2024/25 season.

UK economic growth slows but beats expectations, Rolls-Royce eyes nuclear-powered AI dominance and Russia takes actions against WhatsApp and Telegram. Meanwhile, fake Labubu dolls spark safety warnings across the UK. Catch up on the latest headlines in this week’s commercial news round-up.

Whether you’re a first-year university student or you’re making training contract applications as we speak, building on your commercial awareness should be a top priority and is key to your success. Use LawCareers.Net’s weekly Thursday round-ups and our commercial awareness hub to help to keep you in the loop.

While the UK economy shows a modest recovery, concerns about prolonged stagnation persist. Meanwhile, a new report highlighted the potential for catastrophic climate shocks to halve global GDP by 2090 if immediate action isn't taken. Back in the UK, there’s been a call for fairer treatment of rail passengers who make honest mistakes when purchasing tickets. Plus, TikTok users in the US are flocking to the Chinese app RedNote as a potential ban looms. Dive into these pressing issues in this week’s commercial news round-up!

US pharmaceutical giant Merck has abandoned its £1 billion UK expansion and John Lewis has reported significant losses in the first half of the year. Meanwhile, a groundbreaking climate study has directly linked emissions from fossil fuel companies to deadly heatwaves and, in the digital realm, Snapchat is under fire after a Danish watchdog exposed widespread drug dealing on its platform. Read on to discover the trending commercial news stories this week!

Excellent commercial awareness is a key skill that all law firms look for in their future lawyers. What steps are you taking to develop yours? We have summarised some of the week’s commercial news for you.

Jeremy Hunt announced the UK’s 2023 budget and we’ve broken down what’s in it for you. Plus, the UK saw its largest strike in decades this week; the BBC has been accused of bowing to government pressures over headlines; Gary Lineker caused quite the stir with a controversial Tweet; and there’s some exciting news for anyone planning a holiday.

Sun’s out, shades out! The LCN team enjoyed a lovely stroll down Blackfriars Bridge this afternoon – modelling our trendy sunnies, baking in the warmth and feeling like we were in Spain – (let us dream!).

Summer has vanished in a flash leaving us with cold mornings and dark nights. Soon it will be Christmas and you’ll be gathered around the TV drinking mulled wine and watching Home Alone.

Rishi Sunak’s U-turn on net-zero pledges, "an act of weakness” or a necessary adjustment to prevent “bankrupting the British people”? You decide. More on this in our first story, plus we’ll be covering the future of Uber, police suspensions, shares in tech giant Toshiba and Katy Perry.  

It’s certainly been a busy week of scandals, hefty fines, hacks and Christmas stockpiling!

Without further ado, let’s tuck into this week’s headline-grabbing commercial news stories.

The Solicitors Qualifying Exam officially came into force yesterday, changing the way aspiring lawyers qualify. As well as staying up to date with training and education trends that impact you directly, it’s also important to continue to develop your commercial awareness. 

Rising inflation, party resignations, state takeovers, Chat GPT and, of course, Eurovision! Use today’s round-up to catch up on what’s been happening across the UK this week.

Are you up to date with this week’s commercial news? A lobby group has advised that the next UK government should build stronger trade relations with the EU and junior doctors have announced a strike before the general election.

New trade tariffs, Tesla sales, Chelsea Football Club profits and the acquisition of Wild by Unilever are this week’s chosen stories for LawCareers.Net’s commercial news round-up. Read on to find out more about these developments and consider their impact on the world, your shortlisted law firms and their clients.