SNP under fire for £5 deal with steel tycoon Sanjeev Gupta July 25, 2022 Scottish ministers are facing transparency calls after it was revealed a metal tycoon under investigation for fraud paid just £5 towards the acquisition of a Highlands smelting plant – with taxpayers financing the rest of the £330 million deal. Entrepreneur Sanjeev Gupta, chief executive of Liberty Steel, acquired the aluminium plant and two adjacent hydro [...]
Sunak calls China ‘number one threat’ as Truss doubts his hawk credentials July 24, 2022 Rishi Sunak has today claimed China is the “largest threat to Britain and the world’s security” in a bid to polish his foreign policy credentials. The Tory leadership candidate said “enough is enough” of Beijing’s efforts to undermine democracy and steal overseas intellectual property, adding “I will stop China taking over our universities, and get [...]
French satellite company Eutelsat poised to snap up British rival OneWeb July 24, 2022 French satellite company Eutelsat is poised to buy British rival OneWeb in a deal which will see the UK brought together with French and Chinese governments as common shareholders.
Barclays takes stake in crypto firm Copper July 24, 2022 Barclays is snapping up a stake in the crypto firm advised by former chancellor Lord Hammond in a fresh funding round, according to reports today.
Holidaymakers face another day of gridlock at Dover Eurotunnel July 24, 2022 British holidaymakers trying to drive to France are facing another day of gridlock in the lead up to the Dover Eurotunnel amid warnings that this could be the new normal. Drivers have been forced to wait hours in queue again, with traffic snaking back to the M20 in Folkestone, Kent. The UK government is blaming [...]
Germany hands €15bn to Uniper in bailout deal July 24, 2022 The German government has stepped in to rescue troubled utility giant Uniper with a whopping €15bn bailout after suffering sharp losses.
Investors urged to oust CMC Markets chair over boardroom diversity failings July 24, 2022 The world's largest shareholder group is urging investors to oust the chair of trading firm CMC Markets over a lack of female representation on its board.
LV faces backlash over potential payout to outgoing chief July 24, 2022 Insurance giant LV is facing backlash from members as it refuses to rule out a further bonus for controversial outgoing chief Mark Hartigan.
Rail union boss Mick Lynch warns strikes could ‘last for months’ July 24, 2022 Crippling strikes are likely to last for months longer if rail companies do not make improved pay offers for its workers, rail union boss Mick Lynch has said. Lynch, secretary-general of the National Union of Rail, Maritime and Transport Workers (RMT), today also warned there likely would be a “rolling campaign of trade union activity” [...]
Japan approves plans to release Fukushima water into the ocean July 24, 2022 Japan's nuclear regulators have greenlit a plan to release contaminated water from the wrecked Fukushima Dai-ichi nuclear power plant into the ocean.