Category: Finance News

Jan 8

Piers Morgan quits Murdoch empire to build Uncensored brand independently on YouTube

Piers Morgan has parted ways with Rupert Murdoch’s media empire in a move set to expand his popular Uncensored show on YouTube, ending months of speculation about his future at News UK. The outspoken broadcaster will now operate independently, having acquired ownership of his Uncensored brand and its 3.6 million-strong subscriber base. Morgan, 59, opted […]
Jan 8

Kevin O’leary joins billionaire’s bid to buy TikTok as US ban deadline nears

Kevin O’Leary, famed for his role as “Mr Wonderful” on the American series Shark Tank, has revealed plans to join billionaire Frank McCourt’s consortium in a high-stakes effort to acquire TikTok. The move comes amid growing pressure on the Chinese-owned video platform, which could be banned in the United States if its parent company ByteDance […]
Jan 8

Director behind 400 companies banned for nine years after ‘subverting insolvency system’

A company director who “repeatedly subverted the insolvency system” by facilitating debt-dumping arrangements for struggling businesses has been banned from running firms for nine years, following a government investigation. Neville Taylor, 57, served as a director of more than 400 companies and received close to £270,000 from Atherton Corporate, operators of a scheme that took […]
Jan 8

China’s Richest Regions Cut Electricity Prices to Protect Industries

Article content (Bloomberg) — More Chinese regions are cutting electricity prices to help out their embattled industries, which is likely to worsen the squeeze on profits at power suppliers.  Article content The richest coastal provinces have reduced their benchmark thermal power prices by about 10% from last year, according to a briefing by UBS Group […]