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Chevron closes $55bn Hess takeover after winning Exxon legal battle
Chevron’s $55 billion purchase of Hess represents a major investment aimed at boosting its oil reserves and production capabilities, significantly impacting the company’s growth pr...
Read Full Article →Trump calls Fed chair ‘a numbskull’ who ‘makes it difficult for people to buy a house’
The US president criticized the Federal Reserve chair for decisions that may contribute to higher borrowing costs, potentially limiting housing affordability and impacting economic...
Read Full Article →Company insolvencies fall in England and Wales, in ‘glimmer of relief’; Trump blasts Fed board – bus...
Despite a recent decrease in the number of companies facing financial collapse, economic challenges like low consumer confidence and rising inflation continue to pressure business...
Read Full Article →BP agrees to sell US onshore wind business as it shifts back to oil
BP’s decision to divest its US onshore wind assets to LS Power reflects a strategic move to reallocate resources and supports its broader objective of liquidating $20 billion worth...
Read Full Article →Festivalgoers help drive Burberry to best sales performance in 18 months
Increased demand for seasonal accessories among attendees of outdoor events contributed to Burberry’s improved quarterly revenue, resulting in a notable stock price increase despit...
Read Full Article →Gas flaring created 389m tonnes of carbon pollution last year, report finds
The excessive burning of natural gas during oil extraction released significant greenhouse gases last year, highlighting financial losses due to inefficient fuel use and inadequate...
Read Full Article →Chess: Rachel Reeves announces £1.5m fund as London ChessFest attracts 20,000 visitors
The newly introduced £1.5 million fund aims to enhance the development of elite chess players, reflecting ongoing investment in the growing popularity and competitive strength demo...
Read Full Article →Crypto donations could entirely corrupt British politics. Labour must act quickly | Liam Byrne
The increasing use of cryptocurrency in political donations introduces financial complexities that challenge transparency, potentially enabling undisclosed funding sources to influ...
Read Full Article →‘Keeping us hooked on fossil fuels’: how can we negotiate with autocracies on the climate crisis?
Negotiating climate policies involves addressing the economic interests of authoritarian regimes that significantly contribute to global emissions through their extensive fossil fu...
Read Full Article →Jaguar Land Rover delays launch of new Range Rover Electric
The postponement of new electric vehicle releases may impact Jaguar Land Rover’s revenue streams and market positioning as the company adjusts production timelines to better align...
Read Full Article →Green mission aims to raise £1bn to bring nature into UK towns and cities
The project plans to invest substantial funds into urban green space improvements, starting with £15.5 million allocated to various initiatives across multiple UK towns and cities.
Read Full Article →New ‘buy now, pay later’ affordability checks may cover even smallest loans
The Financial Conduct Authority is introducing regulations that could require lenders to assess borrowers' ability to repay all buy now, pay later loans, potentially impacting the...
Read Full Article →‘Worse than Covid’: hospitality bosses blame Reeves’ budget for UK downturn
The increase in employers’ national insurance contributions has created significant financial pressure on the hospitality sector, leading to reduced hiring and contributing to slow...
Read Full Article →HS2 subcontractor’s role on £100m ‘bat tunnel’ terminated after claims of inflated pay rates
The termination of the subcontractor’s involvement may impact project budgets and timelines, potentially leading to financial adjustments and increased scrutiny over labor costs wi...
Read Full Article →Royal Society suggested to Elon Musk he consider resigning science fellowship
Elon Musk’s potential resignation from the Royal Society fellowship could impact his standing within the scientific community and influence the perceived credibility of his related...
Read Full Article →Jaguar Land Rover to axe 500 UK management jobs as Trump tariffs fallout dents sales
Jaguar Land Rover’s plan to reduce management positions in the UK reflects its response to declining revenues following a notable decrease in sales influenced by recent internation...
Read Full Article →UK in ‘serious jobs recession’ as payrolls fall and unemployment rises – business live
The recent decline in employment and increased job losses indicate a weakening labor market, which may influence the Bank of England’s decision to gradually ease monetary policy me...
Read Full Article →Southern Water nearly doubles CEO pay to £1.4m despite bonus ban
Southern Water significantly increased its CEO’s total compensation to £1.4 million during a period marked by substantial corporate indebtedness, environmental issues, and regulato...
Read Full Article →Frasers Group sales fall amid ‘challenging’ luxury market and retreat from gaming
Frasers Group experienced a decline in profit and revenue due to store closures and shifting market conditions, despite increased sales in certain segments like Sports Direct.
Read Full Article →Rise in unemployment shows UK jobs market is cooling, but it is not collapsing
The recent increase in unemployment and slower wage growth indicate a cooling labor market, yet persistent wage resilience and emerging optimism suggest the economy is adjusting ra...
Read Full Article →Reform’s anti-renewables stance ‘putting jobs and energy bills at risk’
The proposed removal of financial support for wind and solar initiatives could potentially impact the renewable energy sector’s growth, employment opportunities, and overall househ...
Read Full Article →European missile group MBDA selling parts for bombs that have killed children in Gaza
MBDA’s sales of critical components for munitions used in recent airstrikes contribute significant revenue to the company and highlight the complex economic links within the global...
Read Full Article →How EU's largest missile maker is selling parts for bombs that have killed children in Gaza – video
Revenues from the production and sale of GBU-39 bombs, facilitated by a UK-linked company, highlight the complex financial connections between European manufacturers and ongoing mi...
Read Full Article →High water bills, filthy rivers – and now drought. This is England's great artificial water crisis o...
The ongoing drought highlights how reliance on privatized water management may contribute to elevated costs for consumers and challenges in efficiently addressing environmental and...
Read Full Article →UK drivers warned of soaring charges to drop off passengers at airports
Recent increases in fees for short-term vehicle stops at UK airports have made passenger drop-offs significantly more expensive compared to many other European hubs, impacting trav...
Read Full Article →‘There’s a bit of a queue forming’: how UK firms are enticing buyers for the next generation of figh...
The development and eventual deployment of the upcoming advanced combat aircraft is expected to drive substantial investment and sustained economic activity within the UK’s aerospa...
Read Full Article →Zuckerberg says Meta will build data center the size of Manhattan in latest AI push
Meta’s planned investment in an enormous new data center and substantial AI development reflects its commitment to allocating significant financial resources toward advancing cutti...
Read Full Article →The Guardian view on Reeves’s trickle-down economics: deregulation dressed as economic renewal | Edi...
The recent policy proposals signal a shift toward prioritizing financial sector growth through eased regulations, potentially affecting market stability and limiting focus on broad...
Read Full Article →Debra Crew couldn’t shift Diageo’s post-Covid hangover
Diageo’s recent leadership change reflects ongoing challenges in recovering revenue growth and profitability following pandemic-related disruptions, highlighting the importance of...
Read Full Article →Trump privately indicates he may soon fire Fed chair Jerome Powell
Potential changes in Federal Reserve leadership have raised concerns about market stability and could influence monetary policy decisions, impacting investor confidence and economi...
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