Category: Business

After six months of talking down the economy and warning of tough times ahead, the UK chancellor Rachel Reeves has changed her tune. She is now much more optimistic about Britain’s economic prospects and has announced a raft of measures including major pension reforms designed to unlock cash to boost growth and productivity. But Labour’s […]

“Access to electricity is not just a matter of convenience; it is a fundamental human right that underpins economic growth, education, healthcare, and gender equality,” Ms. Mohammed told African Heads of State attending the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania.   The Summit brought together African leaders and development partners to […]

A notable shift in global gold markets has emerged as the United States sees a significant surge in bullion shipments, prompting concerns about a growing shortage of gold in London. Traders have accumulated a substantial stockpile of gold in New York, estimated at $82 billion, primarily driven by fears surrounding potential tariffs under the Trump […]

Diageo, the UK-based drinks giant, has firmly denied recent media speculation suggesting it is considering selling its iconic Guinness brand or its 34% stake in Moët Hennessy, the luxury champagne and cognac producer. In response to a Bloomberg report, Diageo released a statement on Sunday confirming it has “no intention to sell either” asset. The […]

Barclays Europe CEO, Ceccato, emphasized the urgent need for large-scale investment in AI infrastructure and energy, highlighting that no single entity—be it a company or government—can bear the full burden of these requirements. His comments come amid a significant announcement from US President Donald Trump regarding a joint venture, Stargate, which will invest up to […]

The right to request a short working week, with four longer “shifts” and three days off is being proposed as part of new flexible working legislation in the UK. Also known as working “compressed hours”, this schedule can sound attractive, with reports claiming improved efficiency and productivity. And, of course, no pay cut for workers. […]

Blackstone is in the process of acquiring the Potomac Energy Center, a 774-megawatt (MW) natural gas power plant located in Loudoun County, Virginia. Valued at approximately $1 billion, the transaction reflects Blackstone’s strategic focus on investing in energy infrastructure to meet the rising demand for power, particularly from the region’s expanding data center industry. The […]

Every year, leaders from politics and business come together with economists, investors and even celebrities at the World Economic Forum in the Swiss resort of Davos. One of the five key themes of this year’s event was safeguarding the planet. The forum’s own figures suggest that human-caused climate change has cost the planet US$3.6 trillion […]

Just before assuming office as the 47th president of the United States, Donald Trump introduced his meme coin – $Trump. The digital token attracted lots of attention, and a couple of days after its launch the combined value of the coins was nearly US$8.5 billion (£6.9 billion). Trump venturing into meme coins is perhaps not […]

During the last quarter of 2024, Netflix pulled a larger audience in the UK than BBC One, becoming the country’s most popular TV service. Across its entire portfolio, the BBC remains the nation’s favourite news and entertainment destination, but this is nonetheless a significant milestone for a US-based streamer. After all, Netflix was a service […]