Former Swiss finance minister warns about size of enlarged UBS January 11, 2025 UBS could be seen as being too big for Switzerland following its takeover of Credit Suisse, former Swiss Finance Minister Ueli Maurer said.
Britain has enough gas, network says amid warnings stores are low January 11, 2025 Britain has enough gas, the network operator has said after warnings that stores are at “concerningly low” levels. National Gas said on Friday that supplies remain “healthy” and that Britain is “well-placed” to respond to demands this winter. It added that gas stocks kept at the UK’s storage sites are well-above half full. It comes [...]
Rachel Reeves says fiscal rules ‘non-negotiable’ during bid to boost ties with China January 11, 2025 Rachel Reeves vowed to stand by her “non-negotiable” fiscal rules, as her mission to China was overshadowed by further turbulence in the gilt markets. Visiting bicycle-maker Brompton’s flagship Beijing store on Saturday, the Chancellor declined to give a running commentary on the financial markets in the UK, but said the rules she set for herself [...]
Starmer: Funding rules may be changed amid Musk’s interest in Farage’s Reform January 8, 2025 The government will look at potential reforms to political party funding, Sir Keir Starmer has said, as0 the Liberal Democrats raised the “spectre” of Elon Musk’s possible donation to Reform UK. Leader Sir Ed Davey asked the Prime Minister to change the rules around party funding amid the US businessman’s continued interest in British politics [...]
Shell warns of £1bn cash hit from emissions certificates payments January 8, 2025 Shell said it expects to take a $1.3bn (£1.04bn) cash hit in the final quarter from payments for emissions certificates. The energy major said on Wednesday that the charge is “related to timing of payments of emissions certificates” in Germany and the US. The London-listed company also said it expects profits in its gas business [...]
Sir Jim Ratcliffe ‘doesn’t care’, blasts Manchester United legend January 7, 2025 Manchester United legend Paul Scholes says Sir Jim Ratcliffe has done “nothing positive” during his first year as co-owner and believes ticket price hikes show he does not care about the fans. Ineos chairman Ratcliffe, the 72-year local-born billionaire who became minority shareholder of the Premier League club at the start of 2024, has defended [...]
Elon Musk’s attacks on Jess Phillips a ‘disgraceful smear’, Streeting says January 5, 2025 Wes Streeting has said attacks made by Elon Musk on Jess Phillips over grooming gangs are a “disgraceful smear” considering the Labour minister’s efforts to support victims of abuse. The billionaire owner of social media platform X, Tesla and Space X suggested the safeguarding minister “deserves to be in prison” for denying requests for the [...]
Musk says Farage ‘doesn’t have what it takes’ to lead Reform UK January 5, 2025 Elon Musk has said Nigel Farage “doesn’t have what it takes” to lead Reform UK, just weeks after the pair had a “great” meeting in the US. The owner of Tesla and X – the social media site formerly known as Twitter – met with Farage in December at US President-elect Donald Trump’s Mar-a-Lago resort, [...]
Ukraine to seek allies’ help to boost air defences, says Zelensky January 5, 2025 Ukraine’s President Volodymyr Zelensky has said he will again call on allies to boost its air defences at this week’s meeting in Germany, as US President-elect Donald Trump takes over later this month with a vow to end the almost three-year war quickly. Zelensky said dozens of partner countries will participate in the meeting of [...]
Lack of winter fuel payment ‘might be unpopular’ as snow falls, Streeting admits January 5, 2025 Wes Streeting has acknowledged withdrawing winter fuel payments from pensioners “might be unpopular” following health service advice to keep home heated during this weekend’s cold snap. The Health Secretary faced questions on Sunday about his advice to “turn the heating on”, after heavy overnight snowfall of up to 12cm in parts of the country. Conservative [...]
