Hunt’s tax-cutting room squeezed by £15bn losses on Bank of England bonds
A top investment bank warned that the Bank of England’s decision to sell off government bonds costs taxpayers…
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UK Train Strikes Announced for December
In December, rail passengers will face new disruptions after more train drivers have announced further strikes.…
IBM pulls ads from X following report that they were next to Nazi content
IBM announced that it had pulled its global advertising campaign from Elon Musk’s X after a report revealed that…
Oil drops to lowest level since August ahead of Opec+ Meeting
The oil prices fell to their lowest level since early July, forcing the Opec+ major oil producers group to…
Scientists say a breakthrough in weather forecasting could be revolutionary
Creators of the new technology say it could revolutionise forecasting.
Google Deepmind's new technology allows…
British Land loses £200m in property due to rising interest rates
The property company British Land has seen its profits soar as a result of the rising rental rates, and the demand…
HP filed a filing disputing that Lynch fraud was behind the $5bn Autonomy…
Hewlett-Packard and its auditors disputed whether a $5bn (£4bn), write-down in the value of software firm Autonomy,…
The Cassandra’s warning: Central banks are driving economies off a cliff
The scale of the interest rate hikes has not yet been fully felt, so optimism may be short lived.
The…
Silicon Valley gets a boost as tech giants are granted the power to appeal fines
After intense lobbying by Silicon Valley, ministers have weakened their powers to impose massive fines on tech…
Hunt’s £10bn tax cut headroom at Autumn Statement is a significant amount,…
JP Morgan says that Jeremy Hunt can cut taxes by up to £10bn in the Autumn Statement next week, as the outlook…
The food industry wants more time for the EU to implement its deforestation…
Food industry officials say they are running out of time in order to prepare for the new EU regulations to reduce…
Dutch government abandons plans to reduce flights at Amsterdam Airport
The Dutch government has backed down from plans to reduce flights at Amsterdam Schiphol Airport, after being…
Oil and gas importers will be hit by EU regulations on methane emissions
In an effort to curb the global warming gas, methane, the EU has agreed upon new restrictions for emissions that…
UK gives watchdog new power to force garages into revealing profits
Fuel retailers are required to reveal profit information by next year or risk hefty fines. This is under the new…
US and UK Push pledge to triple nuclear power by 2050
At the COP28 summit, the US will be leading a push to triple installed nuclear power capacities globally by 2050.…
Asda repays £300m while Issa brothers race for a reduction in borrowing
Asda paid off £300m in debts, as its billionaire owners raced to reduce borrowing levels throughout their…
Mining giant Glencore rejects London’s coal listing with a $7 billion deal
Glencore is the latest company that has snubbed the London Stock Exchange. The company confirmed plans to list…
Pfizer will cut 500 jobs in the UK as demand for Covid Jabs slumps
Pfizer plans to eliminate 500 jobs from its Kent laboratories as it tries to reduce costs by $3.5bn (£2.8bn), due…