A study found that people who were prescribed a weight loss injection are at an increased risk of developing a condition in the eye which can cause blindness. Researchers found that diabetics who took semaglutide (also known by the brands Wegovy or Ozempic) were four times more likely than other people to develop a condition […]

Investors in City have stated that a landslide win for Keir Starmer at the general elections on Thursday would give Britain a premium of stability in global markets. This could boost the pound, share prices and investment in Britain during a period of political turmoil in other countries. Analysts in London’s City of London, in […]

Hawksmoor, a high-end chain of steakhouses, has been listed for sale. The deal could be worth around £100m. The restaurant chain hired Stephens Investment Bank to begin looking for potential buyers for its business. It hopes to expand overseas. Hawksmoor was founded by Will Beckett & Huw Gott in 2006. It now has 13 locations, […]

The EU has plans to charge customs duties on low-cost goods. This could affect imports from online retailers, and a London listing that was hoped for by fast-fashion seller Shein. This potential change is a response to growing concerns among retailers in mainland Europe and the US over the increasing competition from Chinese-linked marketplaces Shein […]

Ineos, owned by Sir Jim Ratcliffe, has delayed the release of its Fusilier electric vehicle. The company blames a lackluster consumer demand as well as uncertainty over government policies. Ratcliffe announced its plans to manufacture the low-emission vehicle in February. Production is expected to start in 2027. On Wednesday, however, it was revealed that the […]

The employee share scheme of Britain’s largest supermarket chain is set to pay out more than £30million in total. Tesco announced that over 20,000 employees, who work mainly in its stores and warehouses, will benefit from the growth of its share price. It has increased by a fifth in the last year. The company announced […]

Jeff Bezos is the founder and executive chair of Amazon and a multi-billionaire. He plans to sell shares worth almost $5 billion in the ecommerce group and technology. This will bring his total sales this year to over $13.4 billion. The shares of the largest cloud computing and online retail company in the world hit […]

Belfast has undergone many changes since the 1930s. The Short Brothers factory continued to produce planes and parts through the Second World War, the Troubles, and the decline of heavy industries. But now, a takeover of Spirit AeroSystems by US planemaker Boeing has raised concerns about the future of this factory. Workers and politicians are […]

Two of Europe’s largest arms companies will form a joint venture worth €20 billion to build tanks. Leonardo and Rheinmetall announced that they would jointly develop, industrialise, and market a fourth generation main battle tank to be used by the Italian Army. Leonardo, the Italian aerospace and defence group, was formerly called Finmeccanica. In Britain, […]

You might find car parts, berries and medicines in your hold luggage this summer, as well as mail or even drum sets from pop bands. It’s a big deal. According to the International Air Transport Association, airlines worldwide are expected to deliver more than 62 million tons of cargo in 2018. Traffic is expected to […]

The partnership between GSK CureVac that was formed during the pandemic is now restructured into a deal valued at up to €1,45 billion. The FTSE 100 drug company has acquired full rights worldwide to develop, manufacture, and commercialise mRNA candidates vaccines for influenza, Covid, and combinations. CureVac, the German biotechnology expert, will receive an initial […]

Marks & Spencer faces shareholder concerns over its annual dividend of just 3p, despite paying millions of pounds to its top executives in bonuses. At the retailer’s annual meeting, held on Tuesday evening, several investors expressed their disappointment at the “really low dividend payment,” the first in four years. This was after the retailer had […]

The European Central Bank (ECB) is “very worried” that member states are not adhering to the fiscal rules of Brussels. This is because the bank fears it will be unable to use its emergency tool to prevent a French bond market crash after the upcoming election. Christine Lagarde said that the ECB was “monitoring’ the […]

HM Revenue & Customs has filed a petition to wind up Jessops. The 89-year old camera shop chain is now owned by Peter Jones. He is the Dragons’ Den actor. If the retailer fails to pay its tax, it could fall into insolvency. It has already filed for bankruptcy three times over a period of […]

The London-listed studio behind Fortnite, Call of Duty, and Harry Potter has agreed to be acquired for £2.1 billion. EQT is a Swedish private equity company that has acquired the Dublin-based Keyword Studios. The deal is funded by a consortium that includes Temasek Singapore, the state-backed fund of Singapore, and CPP Investments Canada, a Canadian […]

Tesla’s deliveries surpassed Wall Street expectations Tuesday, as its price cuts and incentives stimulated demand. Elon Musk’s carmaker delivered 443,956 cars in the three-month period ending June. This is a 4.8% drop year-on-year, but it was better than analysts’ expectations of 438,000 vehicles for the second quarter. Its shares reached a new five-month high after […]

Although the private sector grew faster than originally estimated, domestic spending “stopped up” after the election as people delayed their purchases. The composite purchasing manager’s index, compiled jointly by S&P Global & the Chartered Institute of Procurement & Supply (CIPPS), fell to 52.3 from 53 the month before. The closely watched survey’s reading was below […]

Investors in Britain are anticipating a possible cut in interest rates, and have poured money into equity funds faster than ever before. Calastone’s latest data on funds flows shows that over £11 billion has been invested in equity funds so far this year. This is up from just £700 million for the same period last. […]

A landmark Supreme Court judgment ruled that individuals and private landowners can sue water companies for sewage discharged into UK waters. The lawsuit is one of many that water companies are facing as the anger grows over the storm water and raw sewerage mixtures pouring into rivers, coastal waters and threatening the health of humans […]

Big ports say that the UK’s transition towards net zero is threatened by delays in the approval of new infrastructure, which puts billions of dollars of investment into offshore wind schemes as well as other essential upgrades at risk. The British Ports Association has written to both the government and Labour to urge them to […]

Google’s greenhouse gases emissions have risen 48 percent in the last five years, due to its expansion of data centres which underpin artificial-intelligence systems. This puts its commitment to achieve “net zero” by the year 2030 into doubt. Google’s annual environmental report said that the Silicon Valley company will pollute 14.3mn tonnes equivalent carbon in […]

Marine Le Pen’s high-spending policy will be funded by debt, according to the president of the European Central Bank. Christine Lagarde, who won the first round of France’s snap elections just days before, made a veiled warning to the leader National Rally on Tuesday. Ms Lagarde stated: “There are certain guidelines within which the members […]

People who care for family members without charge take a big hit on their finances. This could last into retirement, as they are unable to balance their paid work and their caring obligations. According to a recent analysis by the financial firm just Retirement, seven out of ten people receiving carer’s benefits are not working […]

Lloyd’s of London’s opposition casts doubt on plans for City Tower The decision on whether to approve London’s tallest skyscraper was delayed after new criticisms that the design would “robb” office workers vital outdoor space. Officials had expected the 1 Undershaft, a proposed behemoth of 73 floors in the heart the financial district to be […]

The energy price cap in Great Britain will be reduced by £122 per year, which is equivalent to £1,568 annually for the typical charge. The latest cap only applies from July to the end of September. Bills are expected to increase again this winter and millions will struggle to heat their homes. The Monday adjustment […]

Jensen Huang did not mention a fall in the share price when he spoke last week at the Nvidia Annual General Meeting. The US chipmaker briefly became the most valuable company in June, but it quickly lost the title. Nvidia lost about $550bn from its $3.4tn peak market value (£2.68tn), as investors combined profit-taking and […]

Shell has suspended the construction of Europe’s biggest biofuel plant, which was to convert waste by the end the decade into green jet fuel or biodiesel. The oil company announced on Tuesday that it will “temporarily” pause work on one its largest energy transition projects in order to resolve the technical issues which have slowed […]

Marks & Spencer has increased its stock of women’s clothing in smaller sizes after a surge in sales left gaps in the shelves. Stuart Machin is the chief executive at the high-street stalwart. He said that, three years ago, about a fifth of its seasonal items were in sizes six to ten. That number has […]

Harland & Wolff has suspended trading in its shares after failing to publish audited results for the past year. PKF Littlejohn’s auditor failed to sign the accounts on time because of a delay in deciding whether revenue should be recognised in the latest financial year or deferred into future years. The company that is most […]

Legal & General announced a new fund that can handle billions of pounds. This will allow millions of employees to invest their workplace pension savings in illiquid assets. L&G operates workplace pension schemes, including those for Tesco and NatWest. Its new fund will invest the money of pension savers in private equity, debt, and infrastructure […]

Boeing has agreed with Spirit AeroSystems to purchase the company in an all-shares deal worth $4.7 billion as it attempts to overcome its production crisis. Spirit, a Boeing spin-off from 2005, manufactured the door plug on a 737 Max 9 Alaska Airlines jet that blew open in midflight on January 5. This exposed safety and […]

The external auditor of the EU has warned that a proposed agreement between the UK and EU allowing lawyers, bankers, or architects to work more easily across the continent will not solve the mobility issues faced by professionals after Brexit. Rachel Reeves is Labour’s shadow chancellor. She has proposed that London and Brussels work together […]

Norway has blocked the sale the last privately-owned property on Svalbard. Invoking national security concerns amid increased activity by Russia and China in Arctic Ocean. Oslo’s centre left government told the owners of a property in the Arctic archipelago of Sore Fagerfjord that they could only sell it with the Norwegian state’s approval after they […]

The proposed Japanese takeover by Graphcore of the British artificial-intelligence company is being reviewed for national security reasons amid concerns that foreign investors are targeting UK technology. SoftBank, a Tokyo-based conglomerate of technology companies that holds a majority stake at Arm , has been questioned after it struck a deal to acquire Graphcore. The government […]

The couple who built an outdoor theater on their Suffolk farm estate were catapulted to the top of Britain’s Rich List after they made £2bn off the sale of their financial information business. Mark and Lindy o’Hare who own a Grade II listed farmhouse and a 350-seat theater have signed a deal with fund giant […]

The European stock market rose today on signs that France’s Hard-Right will not be able to win enough seats in the legislative elections for an overall majority. On the bond market the premium investors demanded to hold French government bonds fell from its 12-year-high. Analysts said that investors hoped there would be less chance for […]

After the split of Spirit AeroSystems by Boeing and Airbus, the future of a British aerospace facility is uncertain. Up to 2,400 jobs are at risk. The future of the Belfast factory is in danger because a large part of Spirit’s Belfast operations has been left unowned. Boeing will buy Kansas-based Spirit, for $4.7bn ($3.7bn), […]

France’s flag carrier, Air France, is preparing for a €180m loss (£153m), as tourists avoid Paris during the Olympics. Air France reported on Monday that despite the alleged allure of the Paris Games, many people avoid the City of Light, leaving empty seats and reducing revenue. It said that “international markets show a significant lack […]

Tata Steel is facing a £500-million loss from its shocking decision to close its Port Talbot plant earlier than planned. The bosses are scrambling to reach a last-minute deal. The Indian-owned firm has decided to delay plans to take a final decision about closing the plant early. The company had originally planned to close the […]

British territory consults with islanders about plans to drill 500m barrels for oil First time in history the Falkland Islands have opened their waters to oil exploration, which could lead to an economic boom. The ruling council of the territory has asked the islanders whether they support the plan to extract 500m barrels from the […]

Restaurants are desperate to hire UK workers but can’t find them The celebrity chef Yotam Ottolenghi blamed a lack of staff when he cut the hours for some of his London-based restaurants last year. There are many pubs, hotels and restaurants that are struggling to fill their positions. The Office for National Statistics’ (ONS) latest […]

Under Britain’s largest former naval base, vast salt caverns will be excavated to store hydrogen as part of plans for the country to boost its energy security. The 19 caverns, each the size of St Paul’s Cathedral in Dorset, will be dug and filled with sufficient hydrogen to power a power station for several days. […]

The crop nutrition industry warned that a flood of cheap Russian fertilizer could drive European producers out or off the continent. This would pose a threat to food security on the long term. After Russia’s invasion of Ukraine at full scale, the flow of Russian gas into Europe slowed down significantly. European countries began to […]

Marks & Spencer will launch a clothing-repair service. Customers will be able to get alterations and repairs from August, as the retailer responds to an increased demand for fashion that is sustainable and reused. It has partnered up with Sojo, an expert repair and tailoring company founded in 2021 to launch this service on its […]

An investigation revealed that Rishi Sunak had abandoned his “legacy policy” to ban smoking in future generations due to a backlash by the tobacco industry, which included legal threats, lobbying, and a charm campaign aimed at Conservative Members of Parliament. The UK was on track to be the first country in the world to ban […]

Vanessa, a project manager in Brighton, 35, says that having children is an expensive luxury. My friends who started a family received large sums from their parents in order to get onto the property ladder. For those who are not lucky enough, they are stuck in the rental market with largely insecure and poorly paid […]

The road haulage sector is calling for the new government’s urgent attention to investment in infrastructure for electrical trucks. They point out that there is only one public charging station for HGVs across the UK. According to Zapmap, the number of electric vehicles is on the rise. There are currently 1.1 million fully-battery powered cars […]

Nursery and garden centres in Britain and Europe warned that the new border posts after Brexit are not functioning properly, causing delays, damage, and extra costs to importers of plants. The Horticultural Trade Association (HTA), which represents more than 1,400 garden retailers in the UK and grows, wrote an open letter with other European trade […]

Boots, the struggling US-owned chemist chain, has for the second consecutive time abandoned plans to sell its multi-billion pound assets. This puts the high street chemist in danger of further cuts on investments. Walgreens has abandoned its plans to cash out Boots after it issued a profit warning that was damaging on Wednesday. After the […]

The machines have already surpassed humans in a number of areas, including chess and bird identification. They can also predict complex protein structures. When it comes to really clever and intuitive things, such as original scientific research or chess, humans still like to believe that they have the edge. It’s possible that we need to […]

The head of Britain’s biggest business organization has warned that the next UK government should stop “walking around on eggshells” when it comes to improving EU trade relations. Shevaun Haivland, the director-general of British Chambers of Commerce urged on Thursday the winner of the election next week to intensify the current EU-UK deal for trade […]

The Bank of England warned that millions of UK mortgage holders will soon see their borrowing costs increase. Rightmove reported that the central bank stated more than 3mn home owners still pay interest rates below 3 percent, while Rightmove said the average rate for homeowners is currently above 5 percent. By the end of 2026, […]

This year, the number of UK residents paying the highest rate of income tax will surpass £1 million for the first. The state’s finances are boosted by a freeze on thresholds and wage increases. Due to the freezing of income tax thresholds, the number people who pay the 45 percent levy has more than doubled […]

Boeing was sanctioned for “blatantly violating” regulations when it revealed private information to media and speculated about the cause of the cabin-panel blowout that occurred on a brand new airplane operated by Alaska Airlines in January. The National Transportation Safety Board said that it was cooperating with the Department of Justice in deciding whether or […]

Official data shows that the number of people forced to pay income tax in Britain has risen by an estimated 4,4 million in just three years due to the government’s freezing of thresholds. This statistic is likely re-ignite the tax debate in the UK ahead of the election. According to the figures, a continued freeze […]

Shadow business secretary said that Labour would prefer stability in the UK-Europe relationship than to try and accelerate economic growth through joining the EU’s customs union or single market. Jonathan Reynolds, speaking at the British Chambers of Commerce conference (BCC), acknowledged that the Brexit has been “very hard for businesses”, because it has erected trade […]

The US Supreme court rejected Purdue Pharma’s bankruptcy settlement plan, which included a measure extraordinary to protect the Sackler family from further liability regarding the American opioid crisis in exchange for funds for compensation and treatment. Clarence Thomas was one of the four justices who backed Neil M Gorsuch’s 5-4 decision. The other three were […]

The Bank of England warned that the uncertainty caused by the global wave of election, which will begin this coming weekend, could destabilise the UK financial system. Officials are worried about the policies that newly-elected governments in large economies may implement, including in the US where Donald Trump is running for a second term as […]

In an apparent effort to appease investors unhappy with BP ‘s green goals, the head of BP imposed a hiring ban and halted all new offshore wind projects. Murray Auchincloss was BP’s former Finance Chief and took on the role of in January following the shocking departure of Bernard Looney. He promised to focus on […]

Tata Steel told its workers that it may have to close down the steel plant at Port Talbot earlier than expected due to a strike. The company planned to close one blast furnace by the end June, and the other by September. Tata has told workers in south Wales that it plans to stop operations […]

Legal and General Investment Management will sell some of Glencore’s shares due to concerns about the company’s coal production and its commitment to reduce carbon emissions. The UK asset manager will sell only a small portion of Glencore stock, but it will still remain a shareholder through certain holdings. This move highlights the heated debate […]

YouTube is in discussions with record labels about licensing their songs to artificial intelligence tools which clone the music of popular artists. The company hopes to gain industry acceptance by offering upfront payments. Three people with knowledge of the situation say that Google’s video site is in need of labels’ content for AI song generators. […]

Alliance Trust, one of Britain’s oldest and most respected investment trusts, announced a merger with its rival Witan Investment Trust to create a £5-billion giant. Witan will roll its assets into Alliance in order to create a vehicle large enough to be eligible for inclusion into the FTSE 100 Index of Shares. The aim is […]

Analysts suggest that other bidders may come forward soon. Shares of the UK food delivery service Deliveroo rose after reports that US rival Doordash had held takeover discussions with the company. Reuters reported that Doordash expressed an interest in a Takeover of Deliveroo, but the talks ended when the two parties could not agree on […]

Online electrical goods retailer AO World enjoyed a near tripling of profits, thanks to the booming sales of tumble dryers during the rainy winter and TVs for Euro 2024. The company attributes the popularity of air fryers to the fact that customers are looking for cheaper alternatives to take-outs in this time of cost of […]

Universal, the movie group, has announced that a Hollywood-themed park they plan to build in Bedfordshire will be open every day of the year. This will boost UK economic growth by almost £50bn. Universal Destinations & Experiences is a subsidiary of Comcast (the parent company of Sky) and plans to develop a 192 hectare (476 […]

Auditors have warned that the British arm of Atos – the French technology firm which is a key supplier to the NHS and UK Government departments – faces “material uncertainty” about its ability continue as a running concern. Grant Thornton’s audit firm said that financial difficulties facing the parent company in France may limit the […]

After the Czech billionaire who is bidding for the ownership of Royal Mail for £3.6bn suggested that he might implement an “incentive program” if successful, the union representing postal employees has demanded they be given a stake in Royal Mail. Daniel Kretinsky’s EP Group published a document Wednesday detailing its bid to acquire Royal Mail’s […]

Volkswagen announced plans to invest $5bn (£3.9bn), or up to 9% of its total revenue, in Rivian’s US electric carmaker. This comes as manufacturers are rethinking their strategies due to uncertain demand. The German automaker said that it would initially give $1bn to Rivian. Rivian aims to compete against Tesla by offering “electric adventure vehicles”. […]

Experts have predicted that weight-loss medicines will see a boom in popularity, now that the first generic versions are available at lower prices than the original drugs. Media-dubbed “skinny jabs”, these injections can help people to lose more than 10% body weight. They have been hugely popular over the past few years with celebrities applauding […]

Mike Ashley’s Frasers Group forged an agreement with THG, which will make it the first third party retailer to use their buy-now-pay-later product. The multi-year agreement will see the online retail company behind brands such as Cult Beauty, Myprotein, and Myprotein integrate Frasers Plus’ customer service program and loyalty program, Frasers Plus, onto its Ingenuity […]

Labour would oppose renationalising Thames Water. The utility company is in trouble and has a very uncertain future. Jonathan Reynolds, shadow secretary for business and trade, said that “people shouldn’t expect the government to bail out bad investments”. The comments were made just days before the next general election on Thursday. Reynolds stated in a […]

One of Britain’s largest infrastructure investors called Britain “a Banana Economy” with the ethos “Build absolutely nothing anywhere (or anyone)”. But he said that there was a large amount of capital to change this. Dominic Veney, Finance Director of Pension Insurance Corporation (the insurer), said: “We do not see a shortage of domestic capital for […]

Vodafone’s boss has warned that Britain’s ambitions of becoming a leader in artificial-intelligence are at risk due to substandard mobile data networks. Margherita Dela Valle warned that the UK would be slower to adopt the technology and benefit from it than its competitors. The FTSE100 chief executive stated that the UK’s cellular network could be […]

According to a G20-commissioned report, a global minimum tax on billionaires could raise up to $250bn per year and be implemented successfully even if not all countries adopted it. Gabriel Zucman is an economist who wrote the paper. He said that a coordinated minimum tax on all the wealth of the 3,000 billionaires in the […]

Vauxhall’s owner Stellantis warned that it may stop production in Britain unless the British Government does more to encourage demand for electric cars or changes its current electrification policies. Maria Grazia Davino is the top executive of the company in the UK and she has warned that the UK’s EV quotas will be tougher due […]

Denmark has announced the first carbon tax in agriculture. Cattle farmers will be charged nearly €100 per year for each cow’s greenhouse gas emissions. After months of difficult negotiations with trade groups and environmental groups, Denmark’s ruling coalition agreed on Monday night to a tax rate of DKr120 (€16) per tonne equivalent carbon dioxide emissions […]

ExxonMobil executives work in a six-storey office building in the capital of Guyana, Georgetown. They are figuring out how to expand what is one of the world’s largest offshore oil projects. US energy giant, Hess, and Chinese group Cnooc have discovered 11bn barrels in the Stabroek Block. This vast oil reservoir is located about 120 […]

Last week, Sheikh Mohammed bin Zayed al-Nahyan found an Adnoc request in his in-tray. Can the team that is bidding on Covestro, Germany’s biggest company, show goodwill with a sweetening of €2 per share, or 3 percent? Sheikh Mohammed who is also the chair of Adnoc agreed. This unlocks a potential €14.4bn, including debt deal […]

Barclays has reduced several of its most important mortgage rates as brokers expect increased competition from high street banks to offer lower prices in anticipation of an anticipated interest rate reduction this summer. The high street bank announced on Monday that it will reduce rates for some of its mortgage fixed rate deals over two […]

Nvidia’s market value has dropped by more than $500bn since it briefly became the most valuable company in the world last week. Shares fell nearly 7 per cent Monday. Nvidia’s value has dropped from $2.91tn to $2.91tn. This is a drop of approximately $550bn since Thursday’s high. Last week, Nvidia had surpassed Apple and Microsoft […]

There are too many outdated and unreliable facilities with no improvement plans. Elected officials either blame others too quickly – or refuses to admit that there is a problem, even after being presented with facts. Many senior businessmen choose to hide behind a ludicrously high-paid army of spinners who will deflect, obstruct and divert at […]

Nestle will sell dietary supplements that counter the effects of weight loss drugs to “Ozempic Face”. The company announced that it would launch products to “complement” weight loss treatments. These include hair growth supplements and electrolyte tablet that improves skin elasticity. KitKat and Smarties maker is bracing for a drop in sales for ice cream […]

Carlsberg has now corrected the omission from its £3bn+ bid for British (the UK soft drink firm that makes Robinsons barleywater, J2O and Tango, as well as R White’s Lemonade). In pursuit of their “beyond beers” strategy, the Danes did not forget PepsiCo, which could end the adventure by taking the UK bottling right for […]

The low quality of high-street fashion contributes to the 30,000 containers of clothing, homewares and other goods that are thrown away by British consumers each year. John Lewis has launched the first products of a new clothing range designed to “minimise wastage and maximise durability”. The department store chain claims that the “circular” collection of […]

Mike Ashley’s Frasers bought luxury goods sites from THG. The deal also includes selling the protein powder of the online health, beauty and wellness retailer in Sports Direct stores. THG announced on Monday that it sold Coggles and other sites to Frasers. The deal also involves Frasers using THG’s technology for some aspects of their […]

Boeing could face criminal charges, according to reports. US prosecutors reportedly informed the Department of Justice that Boeing had violated a settlement relating to two fatal crashes of 737 Max aircraft. According to Reuters and CBS News, the DoJ leaders must decide by 7 July whether they intend to bring criminal charges against Boeing following […]

London Tunnels has decided to list its company in Amsterdam instead of London, where it had planned to flotter in the capital. The company wants to turn the Kingsway Exchange Tunnels, an 8,000 sq metre network under Holborn, central London, into a brand new attraction that attracts 2 million visitors per year. The group announced […]

Shein, according to sources, filed confidential papers with Britain’s market regulator early in June. This started the process of a possible London listing for the online fast fashion retailer later this year. Reuters reported May that the China-founded firm, valued at $66bn during a fundraising round, had begun exploring a listing on London Stock Exchange. […]

RedBird IMI officially started the process of selling the UK’s Telegraph and Spectator magazines in an effort to recoup £600mn that was spent last year on its attempts to take control media assets. According to sources familiar with the matter, the US investment group, whose money comes from Abu Dhabi’s government, sent the deal information […]

The head of the UK-based company that is spearheading this development says that a cheap weapon capable of taking down multiple drones simultaneously by disrupting their electronic systems could be available next year. Alex Cresswell is the chair and chief executive officer of Thales UK. He said that the new radio frequency-directed energy weapon (RFDEW), […]

Linda Yaccarino, a year since she was appointed chief executive of X, has shaken her inner circle as she is under pressure from Elon Musk. She faces the need to increase sales and reduce costs. Three people with knowledge of the situation said that Yaccarino terminated her right-hand person and head for business operations and […]

The future of one of the Biden Administration’s flagship projects, to derive electricity from hydrogen, is uncertain due to community opposition. This highlights the difficulty in implementing a technology that was once touted as a key component to the green transformation. The Appalachian Regional Clean Hydrogen Hub, which spans the Marcellus Shale basin in West […]

According to the CEO of one of UK’s biggest listed landlords, office buildings are “melting ice” for investors due to how quickly they depreciate in the current market. Andrew Jones is the leader of LondonMetric. The company will enter the FTSE 100 in this week’s trading after a series deals culminated in a £1.9bn takeover […]

As the US prepares for a ban on the popular video app TikTok, agencies representing the biggest advertisers of the app are preparing contingency plans. This includes seeking break clauses within their marketing contracts. ByteDance TikTok, the Chinese parent of the app, was given until January 2015 to divest from its US business, or else […]

Apple has delayed the launch of three new artificial-intelligence features in Europe due to European Union rules on competition, which require that Apple ensure rival products and services are compatible with its devices. The features are set to launch in the US in the fall, but not in Europe until 2025. The company announced on […]

The government accused importers of goods from the EU making “deliberate”, “criminal”, and “serious” mistakes on important documentation to avoid new Border Charges after Brexit. The government sent a warning to traders informing them that it was aware of the fact that certain traders and logistic companies had repeatedly filled out incorrect forms. It promised […]

Emma Bridgewater , Britain’s “queen” of pottery, has suffered a loss of nearly £1.4m as her company had to drastically discount its crockery due to fierce online competition. The Stoke-on-Trent Group, founded by the designer Emma Bridgewater and named after her, suffered a loss in its first year of operation, following a profit of £1.1m […]

The EU and Beijing have concluded last-ditch negotiations over plans to increase tariffs on Chinese electric car imports amid concerns of an upcoming tit-fortat trade conflict. The European Commission and China’s trade ministers agreed to begin negotiations to resolve a dispute regarding EU plans to increase tariffs on imports of electric vehicles from China by […]

The motor leasing company headed by Lord Stuart Rose, a retail veteran, is in debt due to the slumping prices of second-hand electric vehicles. Moody’s has placed Zenith Automotive – owned by the private equity company Bridgepoint – on debt downgrade alert due to its financial concerns. The Leeds-based company is one of Britain’s largest […]