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More than 100 survivors of alleged sexual abuse enter Harrods scheme for compensation
The compensation program established by the retailer has financial implications as it involves disbursing settlements to over one hundred claimants related to historical abuse alle...
Read Full Article →A ‘golden age’ for nuclear power? Sizewell C must hit budget first
The financial outlook of the Sizewell C project is crucial, as significant cost increases could lead to greater expenses for consumers while private investors seek attractive retur...
Read Full Article →NPR’s editor-in-chief to step down days after Congress cuts $1.1bn in funding
Edith Chapin’s decision to resign follows a significant reduction in government allocations that impacts the primary source of financial support for public broadcasting entities in...
Read Full Article →From grifter to guru: Hannah Ingram-Moore’s TikTok reinvention is an inspiration to us all | Claire...
Hannah Ingram-Moore’s transition into a resilience coaching role represents a shift from previous financial controversies involving significant earnings and promises connected to c...
Read Full Article →UK strikes deal with private investors to build £38bn Sizewell C nuclear power plant
The agreement involving both public and private stakeholders secures essential capital for constructing a large-scale nuclear facility, significantly impacting future energy costs...
Read Full Article →Coca-Cola to launch Coke with cane sugar in the US after Trump post
Coca-Cola's introduction of a new beverage using domestically sourced cane sugar may influence consumer preferences and supply chain costs, potentially affecting the company's mark...
Read Full Article →BoE governor warns Reeves weakening banking rules risks repeat of 2008 crisis
The Bank of England's governor cautions that loosening financial regulations extensively may increase the likelihood of instability in the banking sector, potentially undermining l...
Read Full Article →GM says Trump tariffs knocked $1.1bn off its operating income last quarter
General Motors reported a substantial decline in second-quarter profits partly due to trade measures, anticipating increased financial challenges in the upcoming quarter that could...
Read Full Article →Silicon Valley trades researchers like football teams poach players
Major technology firms are investing enormous sums in highly skilled AI researchers, offering record-breaking salaries and signing bonuses to secure competitive advantages in devel...
Read Full Article →Britons ‘turning to simpler meals’ as grocery bills head for £275 annual rise
Rising food costs are causing households to adjust their spending habits by choosing more affordable ingredients and simplifying meal preparation to reduce the impact on their over...
Read Full Article →Rachel Reeves faces gloomy autumn after borrowing overshoots
The unexpected increase in government borrowing has raised concerns about rising debt servicing expenses, potentially limiting fiscal flexibility and complicating efforts to manage...
Read Full Article →Manchester City’s record £1bn deal with Puma and the value beyond bottom line
The decade-long agreement with a leading sportswear company not only brings substantial revenue but also enhances the club’s international visibility, attracting further profitable...
Read Full Article →Why does British Gas keep playing dumb over my faulty smart meter?
Many customers face financial uncertainty due to malfunctioning smart meters that hinder accurate billing, leading to estimated charges that may be difficult to dispute with their...
Read Full Article →Smoking avatars and online games: how big tobacco targets young people in the metaverse
The emerging presence of tobacco promotions in virtual environments presents potential financial opportunities and risks for companies and regulators as they navigate unregulated d...
Read Full Article →AstraZeneca to invest $50bn in US by 2030 amid Trump tariff threats
AstraZeneca plans to allocate $50 billion over the next decade to enhance manufacturing and research capabilities across multiple US states, reflecting a strategic commitment amid...
Read Full Article →More than 100 Labour MPs urge Ed Miliband to explore radical energy bills overhaul
Over 100 Labour MPs have requested that Ed Miliband consider significant reforms to UK energy pricing structures to alleviate financial pressure on low-usage households and improve...
Read Full Article →Nine households control 15% of wealth in Silicon Valley as inequality widens
A recent study reveals that a small fraction of households in Silicon Valley hold a disproportionately large share of assets, highlighting a significant concentration of financial...
Read Full Article →Cunliffe’s reforms for water should have happened 20 years ago | Nils Pratley
The proposed overhaul aims to improve financial oversight and efficiency by consolidating multiple regulatory bodies, addressing longstanding issues that have hindered investment a...
Read Full Article →Who will pay for the failure of water bosses? Everyone but them | Gaby Hinsliff
The ongoing financial impact of Thames Water’s mismanagement is likely to be borne by consumers, who face substantial bill increases despite the company’s environmental violations...
Read Full Article →Ofwat to be abolished, government confirms, as water industry urged to address ‘Great Stink moment’...
The planned replacement of Ofwat with a more robust regulator aims to improve financial oversight and accountability within the water industry, potentially leading to significant c...
Read Full Article →BP appoints new chair to oversee shift back to fossil fuels
The appointment of Albert Manifold as BP’s new chair signals a strategic realignment that may influence investor confidence and affect the company’s long-term capital allocation to...
Read Full Article →Resurrect HS2 northern leg to boost rail freight capacity, say UK manufacturers
UK manufacturers argue that restoring the planned high-speed rail extension to northern cities could enhance freight transport options and reduce road congestion, leading to potent...
Read Full Article →Caught between a fossil fuel past and a green future, China’s coal miners chart an uncertain path
China’s transition from coal to renewable energy presents financial challenges for mining communities, as workers and families face economic uncertainty amid shifting investments a...
Read Full Article →Average UK house asking price registers steepest monthly drop for 20 years
The recent decline in housing offers highlights a significant market adjustment influenced by policy changes and increased supply, potentially affecting buyer activity and overall...
Read Full Article →The Guardian view on Europe’s failing economic orthodoxy: social contracts cannot be renewed through...
The ongoing reliance on budget cuts to address economic challenges risks deepening social dissatisfaction and hindering growth, as many European governments struggle to achieve sus...
Read Full Article →It’s time to rethink how we measure labor in the US | Gene Marks
Recent shifts in policies, technological advancements, and regulatory changes are reshaping labor dynamics, affecting hiring practices, worker availability, and overall economic st...
Read Full Article →The quiet, matter of fact takeover of women holding senior economist roles | Heather Stewart
The increasing presence of women in senior economic roles across government and influential organizations reflects a shift in decision-making perspectives that could shape future f...
Read Full Article →Environment secretary ‘furious’ about England and Wales water bills
Rising water charges in England and Wales have significant economic implications, potentially leading to increased consumer costs and highlighting the need for substantial investme...
Read Full Article →Rental fraud: the Facebook and Gumtree scam targeting desperate tenants
Last year, scams involving fake rental listings resulted in nearly £9 million in losses, primarily affecting young tenants who often pay deposits upfront without verifying property...
Read Full Article →Tech CEO caught with company’s HR head on Coldplay kiss cam resigns
The CEO’s departure following the publicized incident may impact Astronomer’s leadership stability and investor confidence, potentially affecting the company’s market position and...
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