Financial news

• The Guardian view on Britain’s dirty waterways: a failure of industry and regulation | Editorial

  09-05-2024 19:38
  
  Fresh warnings about polluted rivers from the environment watchdog are shocking but not surprisingA steady stream of stories about the shockingly poor state of Britain’s waterways has turned into a flood. In March, news that competitors in the Boat Race had been warned to stay out of the Thames due to sewage pollution travelled round the world. That the water industry is dysfunctional, and for years has enriched shareholders and executives at the expense of customers, is broadly recognised
  
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• Neuralink’s first implant partly detached from patient’s brain

  09-05-2024 19:27
  
  Some of the threads connecting the chip to the brain began to retract. The Elon Musk-owned company did not explain whyNeuralink’s first attempt at implanting its chip in a human being’s skull hit an unexpected setback after the device began to detach from the patient’s brain, the company revealed on Wednesday.The patient, Noland Arbaugh, underwent surgery in February to attach a Neuralink chip to his brain, but the device’s functionality began to decrease within the month
  
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• Cazoo car crash, skidding on a shares fall of 99.9%, ends an American dream | Nils Pratley

  09-05-2024 19:21
  
  Investors denied used-car website a £6bn-plus valuation in London, leaving New York to do the deal. UK fund managers are not such dinosaurs thenOne of life’s unfairnesses, officials at the London Stock Exchange sometimes grumble, is that high-profile flotation flops in the UK tend to be remembered for years whereas IPO disasters in New York are quietly forgotten as the locals move on and look for the next big thing. The complaint has some merit. Take Cazoo, whose car crash for invest
  
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• Third pilot of household hydrogen heating shelved by UK government

  09-05-2024 18:19
  
  Move suggests homes will rely on electricity for low-carbon heating well into the futureA third pilot project to test the use of hydrogen heating in homes has been shelved by the UK government in the clearest sign to date that households will rely on electricity for low-carbon heating in the coming decades.The government said it would shelve plans to develop a “hydrogen town” to test whether hydrogen could help to heat homes at scale before taking a final decision after 2026. Continu
  
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• Carer’s allowance scandal is not going away – but will DWP reform happen?

  09-05-2024 17:23
  
  After the Guardian exposé there is pressure on ministers to save people from a system described as ‘setting carers up for a fall’• DWP’s unchecked database leaves tens of thousands at risk of debtIt has been a month since the Guardian revealed the shocking scale of the carer’s allowance overpayments scandal, and the misery and despair it has inflicted on tens of thousands of unpaid carers. The issue is not going away – but what happens next?The story has
  
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• DWP’s unchecked database leaves tens of thousands of carers at risk of debt

  09-05-2024 17:22
  
  About 50% of earnings ‘alerts’ for carer’s allowance overpayments not looked at by staff, figures reveal• Will DWP act on carer’s allowance scandal?Tens of thousands of unpaid carers are at risk of debt and criminal prosecution because their cases are lying unchecked on a government “alert” database of people being overpaid benefits, according to new figures.Officials are aware of the mounting number of instances where UK carers are at risk of racking up
  
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• Fraud rife on secondhand marketplaces Depop, Preloved, and Shpock

  09-05-2024 06:00
  
  Survey of 1,300 buyers found 32% scammed on secondhand marketplace in two years, highlighting scale of APP fraudChinese network behind one of world’s ‘largest online scams’Consumers have been encouraged to be vigilant when shopping online after research showed fraud was rife on secondhand marketplaces, with Depop, Shpock and Preloved named the worst sites, and problems also discovered with industry giants Amazon and eBay.A survey of 1,300 buyers by Which?, the consumer champion
  
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• British Gas smart meter 'mandatory' roll out move would make major change to every UK home

  09-05-2024 02:31 via express.co.uk
  
  Chris O'Shea has urged ministers to make smart meters mandatory in homes.
  
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