News from The Guardian – Business
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Rachel Reeves: archangel of hope fails miserably at making everyone feel better off
The recent fiscal plan outlined by the Treasury highlights continued budget constraints and austerity measures, signaling ongoing economic challenges that may impact public spendin...
Read Full Article →From defence to social housing: Rachel Reeves's spending review in two minutes – video
The recent budget plan outlines increased annual funding for national security, healthcare services, and infrastructure, while allocating substantial investments to housing, correc...
Read Full Article →‘They went too far’: Musk says he regrets some of his posts about Trump
Tesla’s stock experienced an increase following Elon Musk’s expression of regret over recent controversial tweets involving Donald Trump, which had previously raised concerns about...
Read Full Article →Aircraft leasing firms win multibillion-dollar lawsuit over planes ‘lost’ in Russia
The London high court’s decision allows aircraft leasing companies to obtain substantial compensation from insurers for planes immobilized in Russia following geopolitical events,...
Read Full Article →Trump says China will face 55% tariffs as he endorses trade deal
The recently negotiated agreement is expected to impact tariffs on Chinese goods and enhance the availability of essential materials, potentially influencing production costs in th...
Read Full Article →Rachel Reeves says use of hotels for asylum seekers to end ‘in this parliament’ – video
The government plans to increase funding for border security by up to £280 million annually while phasing out expenditures on temporary hotel accommodations for asylum seekers with...
Read Full Article →Spending review: Reeves vows to ‘renew Britain’ with big rises for NHS, housing and defence
The planned allocation of over £100 billion towards health, defence, and infrastructure signals a strategic shift aimed at boosting public services and long-term investments while...
Read Full Article →Meta to announce $15bn investment in bid to achieve computerised ‘superintelligence’
Meta’s planned $15 billion expenditure, including acquiring a substantial stake in Scale AI, highlights the company’s strategic financial commitment to advancing artificial intelli...
Read Full Article →Rachel Reeves delivers spending review and says use of hotels for asylum seekers to end ‘in this par...
Ending the use of hotels for asylum seekers during this parliamentary term is projected to reduce government expenditures by approximately one billion pounds annually, impacting bu...
Read Full Article →Tesla shares rise as Musk ‘regrets’ posts about Donald Trump; US-China trade framework cheers market...
Tesla’s stock experienced a notable increase as investors responded positively to Musk’s conciliatory remarks toward political tensions, alongside market optimism fueled by progres...
Read Full Article →Competition watchdog to investigate Evri merger with DHL’s UK parcel arm
The proposed consolidation between two major delivery firms is under review to assess potential impacts on market dynamics and pricing within the United Kingdom’s parcel delivery s...
Read Full Article →BT considers takeover move for struggling rival TalkTalk
BT’s evaluation of acquiring a financially challenged competitor could impact market dynamics and investor confidence, although no formal offer or negotiations have commenced at th...
Read Full Article →What to do if your bike is stolen – and how to break the cycle
Reporting a stolen bike promptly and utilizing insurance coverage, identification registers, and secure locking methods can mitigate potential financial losses and improve chances...
Read Full Article →DHSC’s £122m claim against Michelle Mone-linked company reaches high court
The government is pursuing a substantial legal action to reclaim payments made to a supplier linked to a notable peer, following issues with PPE contracts awarded during the pandem...
Read Full Article →US-China trade talks: ‘framework’ deal amid dispute over rare earths
The tentative agreement between the United States and China aims to ease ongoing trade tensions by addressing key issues related to strategic mineral resources, potentially impacti...
Read Full Article →Cheaper imported chicken and beef increasingly seen in UK supermarkets
The increased availability of lower-cost chicken and beef from countries like Australia, Poland, and Uruguay in UK supermarkets may impact domestic producers by introducing more af...
Read Full Article →The Guardian view on Labour’s nuclear bet: big promises, but bigger questions remain unanswered | Ed...
The government’s substantial new funding commitment to nuclear energy represents a strategic attempt to boost the sector, though concerns over financial risks, waste management, an...
Read Full Article →Rachel Reeves’s economic vision is coming into focus – a year too late | Rafael Behr
Delays in implementing Rachel Reeves’s proposed economic strategies have heightened concerns about immediate fiscal impacts, as voters seek quicker returns from policies amid growi...
Read Full Article →Sizewell C is needed – but critical cost numbers are still missing | Nils Pratley
The planned investment in the Suffolk nuclear facility represents a significant financial undertaking, yet the ultimate cost of the electricity it will produce remains uncertain, i...
Read Full Article →EU calls for lower price cap on Russian oil in move to tighten sanctions
Reducing the allowable sale price of Russian oil is intended to limit revenue streams to Russia, potentially weakening its financial capacity while reinforcing broader sanctions in...
Read Full Article →What’s behind Keir Starmer’s decision to back nuclear power?
The government’s plan to allocate nearly £18 billion towards developing a new nuclear facility highlights the considerable financial commitment aimed at supporting future energy st...
Read Full Article →2020s on course to be weakest decade for global economy since 1960s, says World Bank
The World Bank has lowered its projection for worldwide economic expansion, attributing the slowdown to trade conflicts, resulting in the poorest growth outlook for the global econ...
Read Full Article →Rolls-Royce named winning bidder for UK small nuclear reactors
Rolls-Royce’s selection as the preferred developer for small modular reactors signals significant progress in the UK’s multi-billion-pound initiative to expand domestic nuclear ene...
Read Full Article →FTSE 100 approaching record high; US-China trade talks ‘going well’ as meeting resumes – business li...
The potential acquisition of Revolution Beauty by a prominent UK retailer indicates ongoing consolidation in the market, while improving trade relations between major economies cou...
Read Full Article →Put Thames Water into temporary state control, ‘junior’ creditors will argue
The proposed £5 billion funding and significant debt reduction for Thames Water could impact bondholders financially, raising concerns about potential effects on future creditor ri...
Read Full Article →China bans banks from luring customers with popular Labubu dolls
China’s latest regulatory measures restricting promotional offers by banks aim to curb risky marketing tactics as financial institutions face shrinking profit margins due to decrea...
Read Full Article →UK unemployment rises to highest level in nearly four years
The rise in joblessness and slower wage advancements may reduce consumer spending power, potentially influencing monetary policy decisions and affecting overall economic growth in...
Read Full Article →Thames Water creditors offer up £5bn as part of emergency turnaround plan
Thames Water’s creditors have proposed a substantial funding package intended to stabilize the company, but the regulator worries the plan may not reduce debt sufficiently to impro...
Read Full Article →Social media creators to overtake traditional media in ad revenue this year
Advertising earnings from individually produced content on platforms like YouTube and TikTok are projected to exceed those generated by established media organizations, reflecting...
Read Full Article →Thames Water’s creditors are being too greedy | Nils Pratley
The group of lenders proposing a financial rescue for Thames Water is seeking significant concessions from regulators, highlighting the challenges involved in securing a viable tur...
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