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China’s Jingye seeks compensation from UK over British Steel takeover
Sources say Chinese firm is asking for more than £1bn in row that could put pressure on two countries’ relationshipBusiness live – latest updatesThe Chinese owner of British Steel has started a formal process under an international treaty to win compensation from the UK government over its decision to nationalise the Scunthorpe steelworks.Jingye Steel said it would seek to recover money via China’s bilateral investment treaty with the UK, after more than a year of negotiations over the size of a...
Either ignore climate change lunacy or high energy prices will make you wish you had
Congressional Republicans spent four years opposing the Biden administration’s energy policies, asserting that they raised prices from the gas pump to our utility bills. Now it’s the Democrats’ turn to hit President Donald Trump on energy affordability, and they can point to the boost in the price of gasoline since the start of the Iran war as well as still-rising electric rates. But Trump is doing the one thing absolutely essential to affordability over the long-term, and that is dismantling th...
Warren’s Warning: Is The AI Boom America’s Next Financial Crisis?
MoneyBanking & InsuranceWarren’s Warning: Is The AI Boom America’s Next Financial Crisis?ByMayra Rodriguez Valladares,Senior Contributor.Follow AuthorJun 11, 2026, 05:00am EDTSenator Elizabeth WarrenSenator Warren's OfficeOn June 11 at a hearing entitled ‘AI and the American Dream: Promoting Innovation, Affordability, and American Dominance’ the Senate Committee on Banking, Housing, and Urban Affairs will be hearing from four witnesses who will discuss a broad range of issues related to artifici...
UK probes Ryanair over fees for parents to sit with children
Britain’s competition watchdog said on Thursday that it had opened an investigation into Irish carrier Ryanair over fees that parents must pay to sit with their children. The no-frills airline requires at least one parent to sit with children aged two to 11 during a flight, but that means they must pay for what is called a “mandatory family seat”. The Competition and Markets Authority (CMA) is investigating whether the fee, typically around ₤8 ($11) per flight, is “unfair” under consumer law. Fo...
Biggest Investing Mistakes In 2026: Why Investors Keep Falling For Bad Stocks
According to experts, even experienced market participants are falling into traps despite spending years analysing markets.
Meta layoffs: More than half of job cuts are in two US states
Meta is cutting thousands of jobs, focusing on software developers and middle managers. This restructuring aligns with CEO Mark Zuckerberg's vision for a leaner company. The layoffs are driven by Meta's substantial investment in artificial intelligence. California and Washington are most affected. Other departments like data science and product management also saw reductions.
Hugo Boss shares jump as it says it will ‘thoroughly examine’ Frasers offer
Mike Ashley retail group made near-€2bn takeover bid for fashion house, in which it already has 26% stakeBusiness live – latest updatesShares in Hugo Boss jumped nearly 7% on Thursday after it said it would “thoroughly examine” a near-€2bn takeover offer from Sports Direct owner Frasers Group.Mike Ashley’s fashion and sportswear group has pounced on the German fashion house, of which it already owns just over 26%, saying late on Wednesdaythat it was offering to pay about €1.98bn (£1.73bn) to tak...
UK risks 'higher costs and greater energy insecurity' by weakening electric car targets, report warns
Experts have criticised the UK automotive industry's calls for a review of electric car targets, suggesting that more support needs to be provided for the transition away from petrol and diesel.The Zero Emission Vehicle (ZEV) mandate outlines that manufacturers must have a minimum percentage of sales come from electric cars, with a 33 per cent target by the end of this year.Targets will continue to change every year, before reaching 80 per cent of cars and vans by the end of the decade and 100 p...
Gold is now the top reserve asset. Is dollar dominance at risk?
Gold now accounts for 27% of global reserve holdings, overtaking US Treasuries as the world's largest reserve asset.
'Don’t be surprised if your employees turn against you': Palantir CEO message to Altman
Palantir CEO Alex Karp cautions tech leaders against publicizing AI-driven job cuts, warning it could provoke backlash from employees, voters, and policymakers. He suggests such pronouncements risk fueling opposition and strengthening calls for tech regulation. Karp himself acknowledges Palantir uses AI for efficiency but plans to boost revenue without significant workforce expansion.
Opinion: Opinion: Courage Or Folly? Inside Rahul Gandhi's Big Madhya Pradesh Gamble
How the Congress chose confrontation over compromise, even at the risk of going one down in the Rajya Sabha
Drivers warned car finance scandal payouts could be delayed until 2027 amid legal challenges
Millions of drivers waiting for compensation over mis-sold car finance could now face delays until 2027, according to the UK's financial watchdog.The Financial Conduct Authority (FCA) has warned that legal challenges against its compensation scheme mean payments are unlikely to begin next year as originally planned.In a letter to Treasury Committee chair Dame Meg Hillier, FCA Chief Executive Nikhil Rathi said tribunal hearings linked to the legal challenges are not expected before October 2026....
'LPG well covered, crude not a problem': How much energy supplies is India left with?
Indian refiners have secured sufficient crude oil and LPG supplies to last through August and mid-July respectively, mitigating concerns from the ongoing Middle East crisis. Purchases from ADNOC and other suppliers, including significant crude acquisitions from the UAE and Brazil, have bolstered inventories. India and the UAE are also expanding strategic oil reserves to enhance energy security.
Antonio Gracias: Elon Musk's Friend Set To Be Billionaire After SpaceX IPO
Antonio Gracias, one of Musk's closest business allies, is set for a major payday as SpaceX heads to the public markets.
Dubai Chamber of Commerce, MOCCAE organise workshop to strengthen ESG reporting practices - Emirates 24|7
Dubai Chamber of Commerce, MOCCAE organise workshop to strengthen ESG reporting practices Emirates 24|7
Dubai Chamber of Commerce, MOCCAE organise workshop to strengthen ESG reporting practices - Emirates 24|7
Dubai Chamber of Commerce, MOCCAE organise workshop to strengthen ESG reporting practices Emirates 24|7
30 million barrels of oil storage: India, UAE work to expand strategic reserves
As India moves to strengthen its energy security amid persistent geopolitical risks in the Middle East, New Delhi and Abu Dhabi have started implementing initiatives announced during PM Modi's visit to the UAE last month.
Credit Card Spending Tops Rs 1.5 Lakh Crore, Savings Shrink. Trouble Ahead?
Financial planners say a growing number of cardholders pay only the minimum amount due on their monthly credit card bills.
Jeff Bezos' ex-wife MacKenzie Scott 'donated' more than anyone since 2012
Mackenzie Scott, a prominent philanthropist and ex-wife of Jeff Bezos, has donated $26.4 billion in less than seven years, including $7.2 billion in 2025 alone. Her significant contributions, often unrestricted, have notably supported historically Black colleges and universities. Scott's impactful giving has earned her a spot on Forbes' Iconoclast 50 list.
Indian-Origin Financier Mahender Makhijani Used Sex Parties To Defraud US Bank Of $100 Million
According to the US Internal Revenue Service (IRS), Makhijani falsified title insurance records, concealed true lien positions, and used a network of shell companies to mislead a federally insured bank.