Business
China Seizes Market Share in Fighter Jet Exports Amid Declining Russian Sales

China is strategically expanding its fighter jet exports as Russia’s sales face significant decline due to geopolitical tensions and economic sanctions. Over the past decade, China has positioned itself as a viable alternative for countries seeking advanced military aircraft, especially as Russia’s market presence wanes. This shift marks a pivotal change in the global arms market, highlighting China’s growing influence in military aviation.
Historical Context of Fighter Jet Exports
Historically, China’s fighter jet exports catered primarily to nations with strained relations with the West. During the Cold War, the Sino-Soviet split allowed China to emerge as a supplier for anti-Western countries, particularly those with limited options. Early on, China primarily exported basic models like the Chengdu J-7, a derivative of the Soviet MiG-21, which were considered inferior to their Western counterparts.
However, this landscape is evolving. Recent models such as the J-10C Vigorous Dragon and the forthcoming J-35, a fifth-generation fighter jet, present advanced capabilities that appeal to various nations looking to diversify their military aircraft options.
Current Operators of Chinese Fighter Jets
Numerous countries continue to operate older Chinese fighter jets, often due to budget constraints. The Shenyang F-5, Shenyang J-6, and Chengdu J-7 remain in service in countries such as North Korea, Myanmar, and Pakistan. The F-5, a relic first introduced in 1952, exemplifies the age of many Chinese aircraft still in use.
The Shenyang J-6 is utilized by nations including Myanmar and Sudan, while the J-7 has seen export production extending until 2013, with operators in Africa and South Asia. Many of these nations are not currently acquiring new jets but have established a legacy of operating older Chinese models.
China’s export strategy has heavily focused on African nations in recent years, yet a notable shift is occurring. Countries are increasingly considering Chinese jets, like the J-35, as potential alternatives to Western models.
An important player in this landscape is Pakistan, which has transitioned from reliance on U.S. military aircraft to Chinese options. Pakistan is currently the only export operator of the Chengdu J-10, with approximately 20 units in service and an additional 16 on order. This aircraft is often compared to the U.S. F-16 Fighting Falcon.
The JF-17 Thunder, co-developed with Pakistan, is another significant success. This low-cost multirole fighter, which incorporates Chinese technology, has also found buyers in nations such as Azerbaijan and Nigeria.
Negotiations are ongoing for potential sales of high-end fighters. Egypt has shown interest in the J-10, particularly after the United States restricted its acquisition of advanced aircraft. Similarly, the United Arab Emirates (UAE) is exploring options following a setback in its F-35 negotiations with the U.S.
Challenges and Opportunities in the Fighter Jet Market
Despite the promising outlook for Chinese fighter jet exports, certain challenges persist. Political rivalries hinder potential markets; for example, India remains unlikely to purchase Chinese aircraft due to longstanding tensions. Similarly, Vietnam, wary of China’s intentions, continues to seek alternatives in Russian and U.S. fighter jets.
In the Asia-Pacific region, nations such as South Korea, Japan, and Australia remain firmly aligned with Western military hardware, further complicating China’s ambitions. However, there is potential for growth in countries like Malaysia and Indonesia, which are reportedly considering Chinese fighters as options.
As of July 2025, reports indicate that the J-35 has entered mass production. While no confirmed export orders exist yet, the aircraft’s design suggests it may be well-suited for naval operations as China enhances its carrier fleet.
The United States continues to lead in global combat aircraft exports, with approximately 996 aircraft sold, followed by France and South Korea. China holds a modest position with 57 exports, primarily focusing on lower-tier fighter jets and trainers.
In summary, while China’s fighter jet exports are relatively limited at present, the landscape is shifting. As demand for advanced military aircraft rises and Russia’s capacity to supply dwindles, China may be poised for significant expansion in the coming years. The potential for countries like Iran to engage in negotiations for Chinese jets reflects a broader trend of seeking alternatives to traditional suppliers. The future of Chinese fighter jet exports appears promising, contingent on geopolitical dynamics and technological advancements.
Business
Supermarket Lorries Raided as EU Custard Regulations Spark Controversy

Supermarket lorries in Northern Ireland were raided earlier this month, resulting in the seizure of custard due to newly enforced European Union regulations. The raids have drawn sharp criticism from local politicians and industry leaders, who argue that such actions have created food shortages in some stores across the region.
Sammy Wilson, a Member of Parliament representing the Democratic Unionist Party (DUP), highlighted the issue during a parliamentary debate. He stated that a major supermarket’s supply chain was disrupted as EU officials mandated that all custard transported to Northern Ireland bear labels indicating that the product was “not for sale in the EU.” These labeling requirements were initially scheduled for implementation on a later date, yet the sudden enforcement led to significant delays.
According to Wilson, mixed-load lorries were subjected to thorough checks, resulting in disruptions that prevented timely deliveries to supermarkets. He expressed his frustration, stating, “The offending custard was hunted down, discovered, and exposed.” This enforcement action delayed the lorries’ arrival at distribution depots, ultimately affecting the availability of goods in shops.
The European Commission responded to the situation by clarifying that the responsibility for executing the Windsor Framework provisions resides with the UK authorities. The Commission emphasized that all checks are conducted by UK officials and that there is no official ban on custard in Northern Ireland, as evidenced by the products available on supermarket shelves.
Critics, including Wilson, have condemned the EU’s approach, labeling it as “barmy” and indicative of the complex trade arrangements that have emerged post-Brexit. Wilson remarked on the absurdity of the situation, stating, “It is ludicrous.”
A spokesperson for the UK government reiterated that claims of EU raids are misleading, maintaining that all enforcement actions are managed by British officials. The spokesperson underscored that the availability of custard in Northern Ireland remains unaffected, despite the recent disturbances.
This incident raises broader questions about the implications of Brexit on trade and food supply chains, particularly in regions like Northern Ireland, where regulatory frameworks are still being established. As discussions continue, grocery retailers and consumers alike are left to navigate the evolving landscape of post-Brexit trade regulations.
Business
Britain’s Business Secretary Promises Tax Cuts for Pubs and Shops

The UK government has announced plans to implement tax cuts for pubs, clubs, and shops as part of a broader strategy to rejuvenate the hospitality sector. Business Secretary Jonny Reynolds revealed these intentions during an interview with The Sun on Sunday, emphasizing the need to make Britain “fun” again. The measures are expected to be outlined in the upcoming Budget, scheduled for November.
Reynolds acknowledged the financial strain that businesses have faced due to the rise in National Insurance Contributions (NICs), admitting, “there is a cost – you can’t deny that.” He confirmed that the government aims to introduce “permanent” reductions in business rates specifically targeting high street firms. “We would want to reduce the burden on businesses wherever we can, because we want them investing in people—new jobs, solid wages,” he stated.
Permanent cuts to the business rates are part of a broader strategy to reform the tax system for retail, hospitality, and leisure sectors. Reynolds described the current tax burden as disproportionate and expressed hope that these changes will be implemented in the Autumn Budget.
In addition to tax cuts, Reynolds outlined a significant overhaul of planning regulations aimed at reducing red tape for entertainment venues. Under the new proposals, pubs, cafes, and music venues will be allowed to operate in previously closed shops. The initiative includes the establishment of new “hospitality zones” that would facilitate extended hours for venues, outdoor dining, and community events such as street parties.
This move is aimed at encouraging more vibrant city centres, with Reynolds stating, “We want to take the burden off the kind of things businesses can do to grow and employ more people. We want more enjoyment and more fun in town centres.” He also addressed concerns about local opposition to nightlife, indicating that complaints related to noise should not hinder the operation of beloved venues.
Reynolds criticized calls from some Labour MPs for a wealth tax, arguing that such proposals could deter investors from the UK. He described these demands as “not a serious take,” cautioning that the perception of an impending tax not seen elsewhere in the world could negatively impact the country’s investment landscape.
The hospitality industry has welcomed the proposed tax cuts and regulatory changes but remains concerned about high operational costs. Kate Nicholls, chair of UK Hospitality, remarked, “Positive and encouraging as these measures certainly are, they can’t on their own offset the immediate and mounting cost pressures facing hospitality businesses which threaten to tax out of existence the businesses and jobs.”
As the November Budget approaches, stakeholders in the hospitality sector hope these measures will mark the beginning of a comprehensive approach to revitalizing the high streets and supporting local businesses.
Business
Shoppers Flock to B&M for £20 Spaceways Shelf Amid Stock Shortage

A surge of interest has emerged for the £20 Spaceways Shelf at B&M, as shoppers across the UK rush to purchase the versatile storage unit. This item, which functions as both a set of shelves and a plant stand, has captivated customers seeking budget-friendly home organization solutions. According to B&M, stock levels are dwindling as demand continues to rise.
The Spaceways Shelf, measuring 38.5 x 33 x 151 cm, is designed for both indoor and outdoor use. Available in a sleek black finish, it offers an industrial aesthetic that has appealed to many consumers. The shelf can be arranged in multiple configurations, accommodating everything from plants and books to decorative items.
B&M’s reputation for value has played a crucial role in the product’s popularity. One shopper highlighted their find in the Facebook group, Extreme Couponing and Bargains UK, prompting a flurry of responses from others eager to secure their own shelf. Comments included enthusiastic remarks like, “ooop need this for plant pots!!!!” and “Fab idea. I want one now,” showcasing the excitement surrounding the product.
Product Details and Comparisons
In addition to the Spaceways Shelf, B&M features a range of discounted items. The retailer recently offered the Boucel Barstool in Beige for just £1, significantly lower than its regular price of £20. Shoppers are particularly eager to grab this deal before it sells out. B&M frequently reduces prices to clear inventory in preparation for new arrivals, which keeps customers engaged and returning for more.
Another noteworthy item is the Peyton Leather Effect Bench, now priced at £45, down from £90. The Chicago table has also seen a price cut, retailing at £40 after a reduction from £110, reflecting a 63 percent saving. With such substantial discounts, B&M continues to attract attention from bargain hunters.
Competing retailers like Asda and Tesco are also joining the trend of discounted furniture. Asda’s luxury rattan garden set is priced at £149, while Tesco offers a similar rattan set for just £16, down from an original price of £25. These price cuts illustrate the competitive nature of the market as retailers aim to capture consumer interest.
Consumer Trends and Shopping Tips
As shoppers flock to B&M and other retailers for these deals, it is essential to approach purchasing wisely. Just because an item is on sale does not guarantee it is the best option. Comparison websites like Google Shopping, Price Spy, and Idealo can help consumers evaluate prices and select the best deals.
Overall, the excitement surrounding B&M’s Spaceways Shelf demonstrates the power of social media in influencing retail trends. As shoppers share their finds online, the demand for budget-friendly, stylish home organization products will likely continue to grow. As B&M maintains its strategy of slashing prices, consumers can anticipate more viral products in the future.
Business
First Direct Shifts to Digital-Only Statements, Impacting 1.9M Customers

More than 1.9 million customers of **First Direct** will soon experience a significant change to their savings account management. Beginning on **September 1**, the online bank will transition from paper statements to digital-only statements. This move is part of a broader trend among financial institutions aiming to enhance efficiency and reduce environmental impact.
In an email sent to customers last week, First Direct announced that all savings account holders will no longer receive paper statements via post. Instead, they will have the ability to view, download, and print their statements through the bank’s app or online banking platform. This change solely affects those with savings accounts, while other account-related information may still be sent by mail.
Customer reactions have been mixed, with many expressing frustration on social media platforms. One long-time customer remarked, “Been with **@firstdirect** for 25 years. They’re fine except for ONE thing. I want a paper statement.” Another user added, “I just got an email from First Direct telling me they will no longer send me paper bank statements,” while a third commented, “So irritating!”
### How the Transition Works
First Direct clarified that the transition to digital statements will occur automatically, meaning customers do not need to take any action to implement this change. To ensure they receive notifications when new statements are available, customers are advised to update their email addresses in the ‘profile’ section of the app or the ‘my details’ section of online banking. Once a statement is ready, customers will receive an email prompting them to log in and access their new statement.
For those who prefer to continue receiving paper statements, First Direct has made provisions for customers to opt back into this service post-September 1. This can be done by logging into their online banking, selecting “my details,” and updating their statement preferences. Assistance is available through customer service in the “message us” section of online banking or via the app.
### Trends in Banking: A Broader Perspective
First Direct’s shift to digital statements is not an isolated occurrence. Other banks are also revisiting their account management strategies. Earlier this week, **Starling Bank** announced a temporary halt on the opening of second personal current accounts, a feature that many customers relied upon to manage their finances effectively. Starling stated that this pause is necessary while they implement improvements to their services.
Additionally, **NatWest** is increasing fees associated with cash and cheque transactions, effective **August 30**. Specifically, cash payments into and out of business accounts will see a fee rise from £0.70 to £0.95 per £100. Cheque payments will increase from £0.70 to £0.75, regardless of the processing method.
In a related move, **Santander** recently disclosed plans to charge customers an annual fee of **£120** for accounts that were previously advertised as “free forever.” This decision has left many small business owners and self-employed individuals feeling misled, as they are now required to pay **£9.99** per month starting in October for business accounts.
### Maximizing Savings Potential
With many savings accounts currently offering low-interest rates, individuals are encouraged to explore options that maximize their savings. According to **Lana Clements**, Editor at Sun Savers, flexible easy access savings accounts allow customers to withdraw funds as needed, though these accounts may have fluctuating interest rates.
For those willing to lock their money away for a fixed period, a fixed-rate account typically offers better interest returns. Regular savings accounts also present an opportunity, often yielding higher rates for individuals committed to making monthly contributions. Comparison websites like **Moneyfactscompare.co.uk** and **Moneysupermarket** can help users identify the best rates available across various account types.
As these changes unfold, customers are urged to stay informed and proactive in managing their finances, ensuring their savings are working effectively for them in an evolving banking landscape.
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