UK government borrowing falls to £1.1bn in July, despite third-highest year-to-date deficit on record – business live

OnlyFans, the popular subscription-based adult content platform, paid out $701 million in dividends last year. The company reported a revenue of $1.4 billion for the 2024 financial year, marking a 9% increase from the previous year as it prepares for a potential multibillion-dollar sale.

Editor’s Note: This news highlights the financial success of OnlyFans, which has gained significant traction in the adult content industry. The substantial dividends and rising revenue indicate a strong business model, making it an attractive prospect for potential buyers.

Asia shares are rising as global markets focus on the upcoming speech by US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium. Analysts suggest this speech could be pivotal for Powell's legacy and may influence future monetary policy.

Editor’s Note: This event is significant as it could shape market expectations regarding interest rates and the future direction of US monetary policy. Investors are keenly awaiting Powell's insights, which may impact global financial markets.

Barclays has reported that tariff headwinds are expected to negatively impact consumer and cyclical earnings in the second half of 2025.

Editor’s Note: This matters because it highlights potential challenges for the economy and specific sectors, indicating that rising tariffs could affect consumer spending and business performance.

Jefferies has urged leading bankers to work together to secure larger bonuses, highlighting a collaborative approach in the finance sector.

Editor’s Note: This matters because it reflects a shift in the banking industry towards teamwork, which could lead to increased earnings for professionals and a more cohesive work environment.

European natural gas prices are on track for their first weekly gain in three weeks as optimism over efforts to resolve the conflict in Ukraine fades.

Editor’s Note: This development is significant as it reflects the ongoing volatility in energy markets, influenced by geopolitical tensions. Understanding these price movements can help consumers and businesses prepare for potential changes in energy costs.