Another week, another phantom menace for Rishi Sunak. The people he is talking about, regarding his benefit reforms, do not exist. The 1.35 million people who could work but just don’t want to, who have a label of depression or anxiety but are just a little bit sad, who could have their benefits replaced by … Read more
Elon Musk will be pleased that his surprise jaunt to China on Sunday garnered many glowing headlines. The trip was undoubtedly equally a surprise to Indian prime minister Narendra Modi, who had been scheduled to offer Musk the red carpet on a long-arranged visit. The billionaire blew off India at the last minute, citing “very … Read more
Bob Bakish, president and chief executive officer of Viacom, attends the fourth day of the annual Allen & Company Sun Valley Conference, July 11, 2023 in Sun Valley, Idaho. David A. Grogan | CNBC Paramount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish will … Read more
After more than three years of delays, Tuesday finally sees the introduction of physical checks on animal and plant imports coming into Britain from the EU. Importers and trade associations have warned that the new bureaucracy could heap significant costs on to importers, resulting in increases to prices on shop shelves. But what exactly are … Read more
Royal Mail has suspended controversial fines for letters with stamps it deems counterfeit after claims that it was penalising the public for its own inadequate technology. Addressees have been forced to pay a levy of £5 to receive post if Royal Mail suspects that a fake stamp was used by the sender. Hundreds of fines … Read more
The supreme court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads. The justices did not comment in leaving in place lower-court rulings against Musk, who complained that the … Read more
The mining company BHP has said it hopes to secure a $25.7bn (£20bn) settlement over the 2015 Samarco disaster, when the collapse of a dam left at least 19 people dead, 700 homeless and spread unprecedented levels of pollutants across the rivers and landscape of Brazil. BHP said it had offered the settlement to the … Read more
Shares of SBI Cards and Payment Services dropped 4% to the day’s low of Rs 718 on Monday after the company released its Q4 results on Friday wherein an 11% year-on-year (YoY) rise in profit after tax to Rs 662 crore for the quarter ended March 2024 was reported. Total revenue rose 14% YoY to … Read more
The price of Peacock is flying higher. Subscription prices for Peacock, Comcast‘s answer to the streaming wars, will increase by $2 this summer. The price adjustment is a way for Comcast’s NBCUniversal to capitalize on the Summer Olympics in Paris, which will air on NBC’s TV networks and streaming platform. Peacock’s ad-supported option will increase … Read more
The grocery courier firm Getir is to quit the UK, Germany, the Netherlands and the US to focus on its home market of Turkey amid heavy competition and waning demand for rapid home deliveries. The closure marks the latest shakeout of the fast grocery delivery industry which grew rapidly during the Covid pandemic but has … Read more
