ROME — British tech magnate Mike Lynch and five other people were missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived. Lynch, who was acquitted in June in a big U.S. fraud trial, was among six people...
Tag: business
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Trump’s social media company falls to lowest level since float
Trump’s social media company falls to lowest level since float Jump to content
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Reeves’ appraisal of Britain’s economy is becoming laughable
First quarter growth was 0.7pc, while the second quarter, announced last week, yielded a still healthy 0.6pc. This annualises at what, by the standards of the post-financial crisis slough of despond, is a positively rip-roaring 2.4pc. Much of this gain is admittedly just a rebound from last year’s mild recession; things are likely to slow...
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Middle Eastern investment in Britain rocked by anti-Muslim riots
Robert Gardener, formerly of the Abu Dhabi Executive Affairs Authority and now director of government affairs at law firm Hogan Lovells, said leaders in the region are, contrary to common perceptions, sensitive to public opinion. “With their overseas investment the Gulf states will always be looking at how it is going to play out back...
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Chinese electric cars will be dumped in Britain, experts warn
Chinese electric cars will be funnelled towards Britain as manufacturers seek to avoid punishing European Union tariffs, analysis predicts. Car makers including MG owner SAIC and BYD offloaded a record number of electric vehicles (EVs) in Europe this summer, as part of efforts to escape incoming taxes imposed by Brussels. But in a bid to...
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Gold prices hit record high
Thanks for joining me. We begin the day with a look at retail sales, which bounced back in Britain last month. The Office for National Statistics said retailers’ sales volumes were up 0.5pc in July compared to June, following a slump of 0.9pc the previous month. 5 things to start your day 1) Rachel Reeves...
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Entitlement and laziness are crushing the life out of Britain
And how does the political class react? There’s the growing hostility towards business, with Labour bleating about the miseries of employment under “unscrupulous” bosses and the need for more worker “rights”. There may well be circumstances in which greater flexibility benefits both parties, which is why millions of voluntary agreements are already in place. But...
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AstraZeneca becomes Britain’s first £200bn company
Thanks for joining us. Britain remains gripped by a worklessness crisis as the number of people out of employment and not looking for a job hit a 13-year high. More than 9.5m people were classed as economically inactive in the three months to June, according to the Office for National Statistics, which was the highest...
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How spiralling worklessness among British-born adults is fuelling a migration crisis
This is a big enough issue to affect the whole economy. “Without effective action to bring more people back into the workforce, sustained economic growth will be all but impossible,” she says. Rachel Reeves, the Chancellor, has promised action, sounding tough on benefits claimants. “Today’s figures show there is more to do in supporting people...
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‘I was one of Britain’s top lawyers – but I was terrified my husband would kill me’
He would drink a lot, but in her industry this was part and parcel of a successful career and didn’t raise any alarm bells. However, after he stopped working in the early years of their marriage, he became increasingly resentful of her success and became more and more controlling. “I couldn’t dance in the kitchen...
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London and South East warned of net zero blackouts
Jason Mann, an energy expert at FTI Consulting who carried out a study for the Government on the electricity market last year, warned that balancing the South East would become increasingly difficult in the coming years as the grid grows more constrained. He said: “As we go to a more intermittent renewables-based system, the challenges...
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Govt alerts Hongkongers of personal safety on UK travel amid riots
Demonstrators clash with police officers during an anti-immigration protest, in Rotherham, Britain, August 4, 2024. (Reuters) The government on Tuesday reminds Hong Kong residents to exercise caution as well as avoid large gatherings of people when traveling to United Kingdom after the ongoing protests and riots. Residents who intend to visit the country or...