BBC to face further cuts following Ministers’ curtailment of licence fee…
UK ministers are to cut about £90mn from the BBC’s annual budget after announcing a smaller than expected increase…
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Venezuela increases stakes in dispute over oil with Guyana
Venezuelan President Nicolas Maduro raised the stakes dramatically in his country's dispute over its border with…
Somerset Capital Management will close after losses to clients
Somerset Capital Management is closing after large redemptions from clients made it unsustainable.
This move…
Thames Water must answer questions from Ofwat regarding dividend payments
Ofwat questioned Thames Water about how it could justify paying a dividend of £37.5 million to its parent company…
Oil drops to lowest level in five months despite Opec+ cuts
Oil prices are at their lowest levels in five months, as investors become increasingly skeptical that the…
AMD launches new AI chip to compete with Nvidia
AMD, a chip designer, is now selling a product that aims to challenge Nvidia's stronghold in the market for…
Bank of England warns of risks associated with private credit and leveraged loans
The Bank of England has warned that private credit and leveraged loan markets are vulnerable to "sharp"…
Michael Gove’s reforms on ground rents could lead to a backlash from UK…
A trade group has cautioned that Michael Gove's proposal to limit ground rentals in England and Wales may expose…
The Issa brothers, who are billionaires, have sold off KFC to reduce their debt.
The billionaire Issa Brothers, who own Asda, agreed to sell more than 200 KFC restaurants as part of their plan to…
BlackRock: World entering a new era with low growth and high rates of interest
BlackRock, world's biggest asset manager, says that the world has entered a new age of low growth rates and high…
Blackstone Mortgage Trust is at risk of “liquidity crisis”, says hedge…
Muddy Waters, a hedge fund, is warning that Blackstone's New York-listed Mortgage Trust could run out of cash.…
How Britain and Germany worked together to defeat France over electric car tariffs
Years ago, Brexiteers referred to the UK as "a treasure island" that brought Berlin billions of dollars in revenue…
UAE invests in UK wind farm market
The United Arab Emirates purchased a 49% stake in a major British wind farm, even though increasing costs have…
German automakers accused of supplying Putin’s Russia via the backdoor
German automakers are accused of providing Vladimir Putin's Russia by the backdoor as Central Asia exports boom.…
Fresh strikes by junior doctors in England in December and January
Junior doctors in England will continue their strike for nine days in December and January because they couldn't…
Thames Water investigated for financial stability and dividends
Thames Water faces new scrutiny by lawmakers and regulators regarding its financial state.
Ofwat said on Tuesday…
Families of UK migrants are left in the lurch over new income rules
Downing Street's plan to increase the income threshold for visas will apply to both new and renewal applications.…
Elon Musk’s startup xAI is looking to raise $1bn
Elon Musk is seeking to raise $1bn for his artificial intelligence startup xAI, according to a US Securities…