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World Economy Mar 23, 2026

South Yorkshire's Creative Revival Gains Momentum with New Industries

South Yorkshire is experiencing a creative revival, driven by new industries and investments, trans…
South Yorkshire is on the cusp of a significant transformation, driven by a surge in creative industries and investments. The region, once known for its steel industry, is now home to the UK's biggest podcast festival, Crossed Wires, and Persephonica, a leading independent podcast producer. The success of Adolescence, a Netflix hit produced by Warp Films, has been a catalyst for this change. The show's multiple awards at the Emmys and Golden Globes have brought international recognition to the region. Oliver Coppard, the Labour mayor of South Yorkshire, attributes the region's renewed confidence to a shift in mindset. He believes that the area's leaders have finally begun to offer an ambitious vision for its future. The region's economic growth is also driven by investments in defence and manufacturing. BAE Systems and Sheffield Forgemasters are among the companies contributing to this growth. However, experts caution that the region's future cannot rely solely on these industries. Jim O'Neill, a leading economist, emphasizes the need for a diversified economy and a strong public transport system. Despite challenges, the mood in South Yorkshire is optimistic. The region's young people are choosing to stay and work in the area, driven by the availability of high-skilled jobs and new opportunities.
#south #yorkshire #not
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World Economy Mar 22, 2026

Moma Porridge Recall: UK Brand Withdraws Products Over Mouse Contamination Risk

Moma Foods recalls several porridge products in the UK due to possible mouse contamination at their…
Moma Foods, a British porridge and oat drink brand, has issued a recall for several of its porridge products in the UK due to a potential mouse contamination at their manufacturing site. The recall affects seven versions of its pots and two of its sachets.Customers are advised not to consume the affected products and to return them to the place of purchase for a full refund. The Food Standards Agency (FSA) confirmed the recall on its website, stating that these products may contain mouse contamination, making them unsafe to eat.The affected products include:Porridge pots: almond butter and salted caramel; apple, cinnamon and brown sugar; banana and peanut butter protein; blueberry and vanilla; cranberry and raisin; golden syrup; and plain no-added sugar.Sachets: almond butter and salted caramel; and apple, cinnamon and brown sugar.Moma Foods emphasized that the chance of contamination is low, but they have taken this precautionary step to ensure consumer safety. The company was founded in 2006 in a railway arch in Deptford, south-east London, initially selling porridge and smoothies.
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World Economy Mar 22, 2026

The SBA's Politicization Hurts Small Businesses

The Small Business Administration's new policy of denying loans to non-citizen small business owner…
The recent decision by the Small Business Administration (SBA) to deny loans to small business owners who are not US citizens has raised concerns about the politicization of the agency. Kelly Loeffler, the new administrator of the SBA, announced that the agency would no longer approve loans to small business owners unless they are US citizens, effectively excluding legal immigrants with green cards and full residency from accessing loans.This move has been criticized for being a political decision that harms small businesses and the economy. The SBA's mission is to support small businesses, which are the backbone of the US economy. By denying loans to certain entrepreneurs, the agency is limiting access to capital and hindering the growth of small businesses that could benefit their communities and the country at large.The decision is also seen as a reaction against the Biden administration's efforts to promote diversity and inclusion. Under Biden, the SBA had often featured diverse groups of business owners in its marketing materials, but this new policy seems to be tailoring the message to serve the Trump administration's political agenda.Supporting small businesses should not be a controversial position, and most of the time it is not. However, the SBA's politicization has made it a propaganda tool for the party in power, rather than a neutral agency serving the interests of small businesses.To address this issue, some suggest taking the SBA out of the government and spinning it off into a separate entity, similar to the Manufacturing Extension Partnership or the MITRE Corporation. This entity would be funded by both the government and private industry and would be required to report to Congress through its existing small business committees.The goal of this new entity would be to coordinate government loan guarantees, assist with federal funding, and provide training, counseling, and support to small businesses. This would help to insulate the agency from political cycles and ensure that it serves the interests of small businesses, rather than the interests of the party in power.
#small #businesses #sba
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