TotalEnergies warns that it will reduce UK investment due to windfall tax
TotalEnergies' chief executive said that the French oil major would reduce its investment in the UK if the…
Monthly Archives
October 2024
US oil shock: US is ‘unusually susceptible’, says top shale boss
Harold Hamm, a US shale oil magnate, has accused Biden's administration of making the country "unusually…
LVMH signs sponsorship agreement with Formula 1
LVMH is set to become the top sponsor for the Formula One car racing franchise as it continues its push into the…
Tesla’s quarterly deliveries miss expectations despite 6% rise
Tesla's quarterly deliveries of vehicles fell short of expectations and dampened hopes of a robust recovery on the…
From 2025, the UK and EU will hold regular summits of their leaders.
After a meeting between the EU and UK in Brussels to "reset" post-Brexit relationships, the EU and UK committed to…
Oil prices increase after Iran missile attacks on Israel
The oil price rose by 4 percent after Iran launched an attack on Israel, the latest escalation of the conflict in…
The US dock workers’ strike affects global supply chains
The global supply chain is disrupted after dock workers on strike in ports along the east coast and Gulf Coast of…
Dobbies Garden Centres will close 17 stores in a restructuring plan
Dobbies plans to close 17 of its 77 shops, which will affect 465 jobs. The new owners are trying to bring the…
Treasury asks ministers to prepare billions of pounds in infrastructure cuts
The government is asking ministers to cut billions of pounds from infrastructure projects in the next 18-months,…
Irish Finance Minister calls €14bn Apple tax windfall…
The Irish Finance Minister has described the €14bn windfall tax from Apple as "transformational". This comes just…
Sweden is worried about the future of Northvolt, a battery manufacturer.
Stefan Lofven visited Northvolt’s base in Skelleftea, near the Arctic Circle, Europe’s first battery gigafactory,…
Ofwat’s letter to small businesses reveals that water bills for these firms…
Water suppliers have been accused by small businesses of burdening them with the costs of "historic mistakes" made…
Pink Floyd signs deal with Sony to sell their music rights for $400m
Pink Floyd, a British rock band, agreed to sell their entire catalogue of hits, including Wish you were here,…
French Premier Michel Barnier announces tax increases and spending cuts
Michel Barnier, France's new Prime Minister, warned that the repair of the degraded country's public finances would…
OpenAI betting on AI agents becoming mainstream in 2025
OpenAI believes that AI-powered assistants, such as those from Google and Apple, will "hit mainstream" next year,…
Nike pulls its full-year guidance in advance of CEO transition
Nike announced a 10% drop in its quarterly sales on Tuesday and retracted its full-year outlook. Shares fell as the…
SoftBank invests $500mn in OpenAI
SoftBank, owned by Masayoshi Son, will invest $500mn in OpenAI. The investment is part of an upcoming fundraising…
Kemi Badenoch: Minimum wage in the UK harms businesses
Kemi Badenoch said that UK minimum wage and maternity leave rules were among the regulations "overburdening…