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The moment Elon Musk's SpaceX’s Starship 36 explodes – video
The recent destruction of SpaceX’s latest Starship prototype during testing could impact the company’s development timeline and investment plans related to its ambitious space expl...
Read Full Article →Bank of England warns of ‘elevated’ global uncertainty after leaving interest rates on hold – busine...
The Bank of England highlighted increased global risks influencing energy costs and economic stability, while Norway’s unexpected rate cut signals varied central bank approaches am...
Read Full Article →Bank of England keeps interest rates at 4.25% but hints at cuts to come
The Bank of England’s decision to maintain current borrowing costs while indicating potential future decreases reflects ongoing economic challenges and influences expectations for...
Read Full Article →Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting
The chancellor indicated in a private discussion that increased taxation on energy firms would be balanced by government support through carbon capture and storage incentives.
Read Full Article →Recruiter Hays warns global slump in hirings will halve its profits
Hays has forecast a significant decline in its annual earnings due to reduced global recruitment demand, leading to a notable drop in its stock value amid broader economic uncertai...
Read Full Article →UK Uber drivers’ earnings cut after secretive algorithm changes
A recent study indicates that changes in Uber's pricing system have led to reduced hourly incomes for drivers in the UK, despite an overall increase in trip costs for passengers.
Read Full Article →Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates
Disruptions in the strategic maritime route essential for a significant portion of global oil transport may lead to volatility in energy prices and widespread consequences for inte...
Read Full Article →UK ministers to restart approval process for two North Sea oilfields
The government's decision to revisit permits for two significant North Sea energy projects highlights ongoing challenges in reducing reliance on imported gas and influencing long-t...
Read Full Article →UK watchdog criticises ‘offensive’ portrayal of older people in adverts
Negative portrayals of elderly individuals in advertising, such as those highlighted by the watchdog, can impact brand reputation and consumer trust, potentially affecting sales an...
Read Full Article →Federal Reserve holds interest rates, defying Trump’s demand to lower them
The Federal Reserve’s choice to maintain current interest rates while indicating possible future reductions reflects ongoing tensions between monetary policy and presidential press...
Read Full Article →Israel-linked group hacks Iranian cryptocurrency exchange in $90m heist
A hacking collective associated with Israel reportedly disrupted operations at an Iranian digital asset trading platform, resulting in the loss of approximately $90 million from it...
Read Full Article →HS2: a complete failure by the British state and its politicians
The HS2 project has faced significant financial challenges and uncertainties, with early reports questioning its cost-effectiveness and strategic value, contributing to ongoing deb...
Read Full Article →Will the new Middle East crisis rock the world economy? The markets say no – but I fear they’re wron...
The recent geopolitical conflict in the Middle East has triggered cautious reactions from global investors, who currently anticipate limited economic disruption despite historical...
Read Full Article →Nippon Steel acquires US Steel for $14.9bn with ‘golden share’ for Trump
Nippon Steel’s $14.9 billion purchase of US Steel includes a unique national security provision granting the former U.S. president influence over corporate governance through a spe...
Read Full Article →Trump promised riches from ‘liquid gold’ in the US. Now fossil fuel donors are benefiting
Significant financial gains are expected for major fossil fuel contributors like Kelcy Warren and his energy company as their support aligns with anticipated favorable policies und...
Read Full Article →Women more worried about economy under Trump than men, poll finds
A recent survey reveals that a larger proportion of women than men express concern over rising costs and economic instability, affecting their financial security and consumer behav...
Read Full Article →Starmer proves adept at juggling egos and issues at tricky G7 summit
Keir Starmer’s ability to navigate complex political dynamics at the G7 summit played a crucial role in advancing discussions with key international partners that could impact futu...
Read Full Article →Why is there a Maga-branded Instant Pot? Because capitalism never sleeps | Arwa Mahdawi
The emergence of numerous Trump-themed merchandise, including kitchen appliances, highlights a lucrative market opportunity driven by consumer identity expression, despite profits...
Read Full Article →UK inflation eases slightly to 3.4% as food price rises offset transport cost falls
The modest reduction in the UK's annual consumer price growth reflects mixed impacts from declining transportation expenses and rising grocery costs, influencing monetary policy co...
Read Full Article →Britons have just 23 hours of ‘genuinely free’ time a week – so much for labour-saving technology |...
Advancements in automation have the potential to greatly increase productivity, which could allow individuals to allocate more time to leisure rather than work, impacting economic...
Read Full Article →What to do if your mobile phone account is hacked or number stolen
Unauthorized access to a mobile phone number can lead to significant financial risks, including fraudulent transactions and compromised banking accounts, making immediate action es...
Read Full Article →UK inflation expected to have dipped in May in latest official figures – business live
Recent data suggests inflationary pressures in the UK may ease slightly in the coming months, potentially influencing the central bank's decision to lower interest rates later this...
Read Full Article →Up to 70% of streams of AI-generated music on Deezer are fraudulent, says report
The platform’s findings indicate that a significant portion of revenue from AI-created tracks may be compromised due to automated activities inflating play counts and impacting roy...
Read Full Article →The first North Sea oil is pumped ashore in Britain – archive, June 1975
The commencement of oil extraction in the North Sea marked a pivotal moment that contributed significantly to Britain's economy by enhancing energy independence and generating subs...
Read Full Article →Over half of English councils face insolvency under £5bn deficit, MPs warn
An influential parliamentary committee has highlighted that significant deficits related to special educational needs funding may lead numerous local authorities in England toward...
Read Full Article →UK gas plants in line for large windfall payments to keep lights on this winter
Gas producers in the UK are set to receive substantial financial incentives to increase electricity output this winter, supporting energy supply amid fluctuating renewable generati...
Read Full Article →Turning coalmines into solar energy plants ‘could add 300GW of renewables by 2030’
Repurposing recently closed coal mining sites for solar power generation has the potential to significantly boost renewable energy capacity, offering substantial economic value and...
Read Full Article →Trump threatens to keep 25% tariff on UK steel imports over Port Talbot concerns
The potential extension of a 25% tariff on UK steel imports could impact trade relations and economic activities, particularly affecting the Port Talbot steel plant’s export costs...
Read Full Article →Air India cancels eight international flights as crash inquiry continues
The cancellation of multiple international flights by Air India is likely to impact the airline's revenue and operational costs amid ongoing investigations and safety inspections o...
Read Full Article →Europe will never return to Russian gas, European Commission insists
The European Union’s plan to eliminate natural gas imports from Russia by 2028 could significantly impact energy costs and supply stability, while encountering resistance from seve...
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