Business news

• Sunak to unveil emergency aid over soaring household energy bills

  25-05-2022 21:05 via ft.com
  Chancellor’s measures expected to top £10bn and will target the most vulnerable
  
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• UK economic outlook worsens as income inequality rises

  25-05-2022 19:15 via ft.com
  
  EU banking system remains ‘resilient’, Pfizer chief warns of Covid complacency, Biden to issue US policing reform
  
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• How Covid wrecked UK railway finances and sparked strike threat

  25-05-2022 18:44 via ft.com
  Move to hybrid working contributes to £2bn funding gap but ministers claim there is ‘enormous scope’ for cuts
  
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• De La Rue shares fall after banknote maker issues profit warning over rising costs

  25-05-2022 13:33 via ft.com
  M&S and Purplebricks among other UK companies under pressure from inflation and economic uncertainty
  
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• Benzema explains Tupac 'betrayal' post, Mbappe reacts

  25-05-2022 13:01 via ibtimes.co.uk
  
  Many are speculating that Benzema, along with other Real Madrid players felt personally snubbed by Mbappe
  
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• Number of new venture capital firms drops by two thirds in 2021

  25-05-2022 12:59 via s17026.pcdn.co
  
  Originally written by Timothy Adler on Growth Business
  Volume of new VCs being founded in Britain drops by two thirds in 2021, reflecting a wider European slowdown in new venture capital firms opening their doors
  
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• Meghan Markle braces for terrifying revelations from ex-husband in new book

  25-05-2022 12:15 via ibtimes.co.uk
  
  Tom Bower is releasing an unauthorised book about the Duchess of Sussex sometime this year.
  
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• Airbnb decides to close down its domestic business in China

  25-05-2022 11:36 via ibtimes.co.uk
  
  China's zero-Covid policy and the subsequent lockdowns have made survival difficult for foreign companies.
  
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• Meghan Markle blamed as estranged dad hospitalised for stroke

  25-05-2022 11:26 via ibtimes.co.uk
  
  Thomas Markle Sr. is forced to cancel his trip to the U.K. for the Jubilee after he suffered a major stroke on Monday.
  
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• Tesla to develop self-driving cars without need for human drivers by 2023: Elon Musk

  25-05-2022 11:18 via ibtimes.co.uk
  
  Tesla chief Elon Musk has now claimed that the company will have self-driving cars without any need for human drivers by the next year, according to reports.
  
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• Putin survived assassination attempt two months ago, claims Ukraine military official

  25-05-2022 11:09 via ibtimes.co.uk
  
  A top Ukrainian official has claimed that Russian president Vladimir Putin had managed to survive an assassination attempt two months ago.
  
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• ‘Wine-time Fridays’ in Whitehall expose the clannish culture coming from the top

  25-05-2022 10:30 via ft.com
  Spotlight falls on why junior officials kept silent during Partygate, and the lack of support for whistleblowing
  
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• Meghan Markle showed 'restraint' with Prince Harry's kiss at polo match, says body language expert

  25-05-2022 09:55 via ibtimes.co.uk
  
  The Duke and Duchess of Sussex shared a kiss on stage after his team won the tournament.
  
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• Ukraine: 200 rotting corpses found in basement in Mariupol

  25-05-2022 09:46 via ibtimes.co.uk
  
  As many as 200 rotting corpses were found in the basement of an apartment building in Mariupol.
  
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• Prince Harry, Meghan Markle 'most excited' for children to bond with Queen

  25-05-2022 09:28 via ibtimes.co.uk
  
  The Duke and Duchess of Sussex confirmed they will bring Archie and Lilibet to the Platinum Jubilee celebrations in June.
  
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• Prince Andrew makes daily visits to Queen in bid to restore reputation - report

  25-05-2022 09:17 via ibtimes.co.uk
  
  Her Majesty stripped the Duke of York of his royal patronages and military titles in January 2019.
  
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• Male Afghan TV presenters cover faces on-air in solidarity with female colleagues

  25-05-2022 07:51 via ibtimes.co.uk
  
  Male journalists in Afghanistan came out in support of their female colleagues who have been asked by the Taliban to cover their faces on-air.
  
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• UK energy suppliers braced for backlash as bills set to soar again

  25-05-2022 06:00 via ft.com
  Providers that generate and supply power could be hit by windfall tax even as smaller rivals struggle
  
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• UK inequality worsens as wages rise fastest for high earners

  25-05-2022 01:01 via ft.com
  Soaring inflation is also hitting people on the lowest incomes harder than others
  
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• UK rail workers vote in favour of nationwide strike

  25-05-2022 00:34 via ft.com
  RMT union action over jobs and pay backed by 89% of members who voted
  
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• Shares in UK energy groups tumble as Treasury plans windfall tax

  24-05-2022 20:56 via ft.com
  Rishi Sunak rushes to draw up emergency package to help offset spiralling domestic fuel bills
  
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• Qatar pledges to invest £10bn in UK over next five years

  24-05-2022 20:42 via ft.com
  Technology, healthcare, infrastructure and clean energy will be part of drive to woo Gulf states
  
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• What are Rishi Sunak’s options for tackling the UK energy price crisis?

  24-05-2022 20:38 via ft.com
  Chancellor puts finishing touches to mini-Budget worth billions to help struggling households
  
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• Rishi Sunak looks at ways to protect poorest from fuel price rises

  24-05-2022 20:38 via ft.com
  Chancellor is putting finishing touches to mini-Budget worth billions to help struggling households
  
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• UK energy: tilting at windfalls puts investment at risk

  24-05-2022 17:08 via ft.com
  Windfall taxes would make government’s net-zero ambitions even harder to achieve
  
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• Shares in UK power companies slide over fears of windfall tax

  24-05-2022 13:53 via ft.com
  Drax, Centrica and SSE suffer falls as concerns grow that government will hit electricity generators with levy
  
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• Growth in UK business activity falls to 15-month low

  24-05-2022 13:40 via ft.com
  Jump in input prices index to new record suggests inflation has further to rise, analysts say
  
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• Russian dog switches sides to serve Ukrainian troops

  24-05-2022 12:50 via ibtimes.co.uk
  
  A three-year-old military dog abandoned by Russian soldiers in Ukraine is now assisting Ukrainian soldiers in sniffing out unexploded mines.
  
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• 7-year-old boy dragged away and killed by crocodile in front of his sisters

  24-05-2022 12:44 via ibtimes.co.uk
  
  A 7-year-old boy was dragged into a river and eaten alive by a giant crocodile in front of his sisters in Telega Air in Brunei. The boy was playing by the riverbank near his house when the incident occurred.
  
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• F1: Ferrari chief bursts Mercedes' bubble after Silver Arrows' impressive comeback in Spain

  24-05-2022 12:22 via ibtimes.co.uk
  
  Mercedes made an impressive comeback at the Spanish Grand Prix with George Russell finishing in third behind the two Red Bull drivers.
  
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• Starbucks becomes latest firm to leave Russia over Ukraine war

  24-05-2022 12:06 via ibtimes.co.uk
  
  The latest company that has decided to pull out of Russia due to its war in Ukraine is the famous coffee chain Starbucks. It has now joined the list of firms that have stopped offering their services in the country.
  
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• Landlord Shaftesbury warns of inflation threat to central London recovery

  24-05-2022 11:05 via ft.com
  West End property group cites ‘complex range of operational challenges’ facing its tenants
  
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• The myth of the typical ‘Red Wall voter’

  24-05-2022 10:30 via ft.com
  Plus, why working from home will ruffle the UK’s political patchwork — and give Rishi Sunak yet another fiscal headache
  
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• Kylian Mbappe continues to tease Real Madrid after rejecting move

  24-05-2022 10:24 via ibtimes.co.uk
  
  Kylian Mbappe rejected a move to Real Madrid to sign a new three year deal with PSG. Despite his rejection the Frenchman still harbours hope of playing in Spain.
  
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• Samsung commits $356 bn in investments with 80,000 new jobs

  24-05-2022 10:12 via ibtimes.co.uk
  
  The 80,000 new jobs would be created "primarily in core businesses including semiconductors and biopharmaceuticals" through 2026.
  
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• Ex-Tory MP sentenced to 18 months in jail for sexually assaulting teenage boy in 2008

  24-05-2022 10:00 via ibtimes.co.uk
  
  Imran Ahmad Khan, a former Tory MP for Wakefield, has been sentenced to 18 months in prison for sexually assaulting a 15-year-old boy in 2008.
  
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• F1: Ferrari, Charles Leclerc suffer early blow to title hopes with double failure

  24-05-2022 09:50 via ibtimes.co.uk
  
  Ferrari and Charles Leclerc suffered a double blow after his retirement at the Spanish Grand Prix. Ferrari revealed that his turbo and MGU-H were beyond repair.
  
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• Cristiano Ronaldo will stay at Manchester United, confirms new manager

  24-05-2022 09:39 via ibtimes.co.uk
  
  Speculations had been rife that the Portuguese star may look for a new club after a disappointing season at Old Trafford
  
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• Two Pak-origin Spanish sisters tortured and shot for refusing to take husbands to Spain

  24-05-2022 08:51 via ibtimes.co.uk
  
  Two Pakistani-origin Spanish sisters were allegedly murdered by their in-laws after they refused to help their husbands move to Spain.
  
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• Piers Morgan defends Prince Harry, Meghan Markle in debate over Prince Andrew

  24-05-2022 08:38 via ibtimes.co.uk
  
  The Duke of York is set to escort Queen Elizabeth II to the Epsom Derby and at the Garter Day at Windsor Castle in June.
  
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• UK public borrowing falls as economy bounces back from pandemic

  24-05-2022 08:31 via ft.com
  Higher tax receipts boost government finances
  
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• Real Madrid don't need Mbappe, focus shifts to Rodrygo

  24-05-2022 07:07 via ibtimes.co.uk
  
  The Brazilian forward has been instrumental in a number of crucial wins for Real Madrid this season
  
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• Prince Harry, Meghan Markle may join St Paul's Cathedral service at Jubilee

  24-05-2022 06:12 via ibtimes.co.uk
  
  The Duke and Duchess of Sussex confirmed their appearance at the four-day event with their children Archie and Lilibet.
  
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• Prince Andrew spotted grinning amid claims Queen allowed his return to public life

  24-05-2022 06:01 via ibtimes.co.uk
  
  The Duke of York retired from public life in 2019 and the monarch announced on Jan. 13, 2022, that he will no longer perform public duties.
  
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• Why a higher UK minimum wage fails to spur productivity

  24-05-2022 06:00 via ft.com
  A British experiment ended up with companies accepting lower profits, charging more or cutting investment
  
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• JPMorgan warns overseas digital bank losses could top $1bn after UK push

  24-05-2022 06:00 via ft.com
  Forecast is the most in-depth it has given since expanding retail presence of its Chase brand outside the US
  
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• JPMorgan estimates overseas digital bank losses could top $1bn in coming years

  24-05-2022 06:00 via ft.com
  Forecast is the most in-depth it has given since expanding retail presence to the UK
  
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• Kate Moss to testify in Johnny Depp, Amber Heard defamation trial

  24-05-2022 05:50 via ibtimes.co.uk
  
  The model and the "Pirates of the Caribbean" star were in a relationship between 1994 and 1997.
  
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• Prince Harry, Meghan Markle could extend UK stay after Jubilee for Lilibet

  24-05-2022 05:41 via ibtimes.co.uk
  
  The Duke and Duchess of Sussex's daughter will turn one year old on June 4, 2022.
  
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• TikTok lets creators charge monthly subscriptions

  24-05-2022 05:27 via ibtimes.co.uk
  
  TikTok said the subscription feature being introduced this week will only be available to creators by invitation for now but will be expanded globally in coming months.
  
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