Spotify hits by costs of unwinding aggressive Podcast Push
Spotify suffered a €302mn quarterly loss as it incurred costs by deleting podcasts and laying off employees,…
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Rishi Sunak delays decision on UK joining Horizon until summer
To the dismay and disappointment of many scientists, Rishi Sunak is planning to delay his decision about whether…
London is’ready’ to host Commonwealth Games at a cost of £500mn
London is "ready" to host 2026 Commonwealth Games, with an estimated central government cost of £500mn, officials…
UK government says energy certificates need ‘fundamental reform’ in…
Ministers are softening green policies in advance of the next election, and the government of Rishi Sunak is…
UK Government faces a bill of £150bn to cover Bank of England QE losses
The Bank of England estimates that the Treasury will need to transfer £150bn to cover the expected losses of the…
Crude oil prices fall ahead of the crucial Federal Reserve meeting
Prices of crude oil stabilized at three-month-highs on Tuesday as traders awaited news from the Federal Reserve…
Virgin Media O2 will cut 2,000 jobs
Virgin Media O2 has cut 2,000 jobs to try and reduce its costs as it struggles under the weight of billions in…
Businesses warn of inflation driven by wage increases.
Employers have warned that the driving force behind inflation is now higher wages, as companies pass along…
Vodafone UK grows sharply as Europe struggles
Vodafone UK has grown despite declining mobile customer numbers due to a steep price increase.
In April, the…
ChatGPT’s founder plans to scan every owner’s retina around the globe…
Sam Altman says 'Worldcoin" project is necessary to counter the threat of AI
The Silicon Valley-based…
Latest updates on the airlines’ slump after wildfires in Europe threaten…
The value of London listed airline stocks dropped by almost £700m on Monday, as the family holidays were put in…
The UK and EU have found a new harmony in regulation after their divorce
The UK government is always on the lookout for EU opportunities, namely how to improve and remake the country's…
Is the UK still an outlier in global economics?
The UK economy has been a less outlier than thought in the peer group of countries, according to a recent flow of…
Saudi football club offers record €300mn to PSG for Mbappe
Al Hilal, the Saudi football club, has made a bid of €300mn to Paris Saint-Germain owned by Qatar. This is a…
Rithm Capital agrees to acquire Sculptor for $639mn, a hedge fund.
Sculptor Capital Management was once the largest hedge fund in the world. It has now agreed to be bought for…
Credit Suisse fined $388mn over Archegos collapse
Credit Suisse was fined $388mn for "significant failings in risk management, governance and oversight" related to…
Center Parcs is expensive, but does it really worth £4bn?
The indoor water park at Center Parcs, Woburn Forest in Bedfordshire, is a blast of heat and humid air the moment…
Rebranding twitter: The shaky past of corporate makeovers
Elon Musk suggested that he might replace Twitter's bird-logo, which has been on the site since it was founded,…