Chancellor Jeremy Hunt is in Switzerland to sign a deal that makes it easier for UK and Swiss financial firms to deal with each other. Trade in financial services between the UK and Switzerland is worth more £3bn. The government is hoping that the Berne Financial Services Agreement will help that figure grow. The deal […]
The world’s biggest offshore wind farm is to be built in British waters after its developer said it planned to charge consumers higher prices for some of its electricity. Orsted said it was pressing ahead with the £8 billion Hornsea Three development, which could power more than three million homes, after threatening to pull the […]
Inflation has fallen faster than expected to its lowest level in over two years, dragged down by easing petrol and food prices, adding impetus to growing calls for the Bank of England to begin lowering interest rates next year. Prices rose 3.9 per cent over the year to November, down from an increase of 4.6 […]
The maker of Warhammer 40,000, Games Workshop, has finalised a deal with Amazon to bring the characters and stories to the big screen British actor Henry Cavill – best known for playing Superman – will be an executive producer and has signed up to appear in the project. Warhammer simulates battles between armies of miniature […]
Google has agreed to pay US$700m and to allow for greater competition in its Play app store, according to the terms of an antitrust settlement with US states and consumers disclosed in a San Francisco federal court. Google was accused of overcharging consumers through unlawful restrictions on the distribution of apps on Android devices and […]
Apple has been forced to stop selling the Apple Watch in the US this week after a landmark lawsuit claimed the tech giant stole technology that monitors users’ vitals. The move comes after an order in October from the International Trade Commission (ITC) that could bar Apple from importing its Apple Watches after finding the […]
The European Union has formally announced it suspects X, previously known as Twitter, of breaching its rules in areas including countering illegal content and disinformation. Digital commissioner Thierry Breton set out the alleged infringements in a post on the social media platform. He said X, which is owned by Elon Musk, was also suspected of […]
The boss of Ryanair, Michael O’Leary, is inching towards a potential €100m (£86m) bonus that would be among the largest in European corporate history, after the no-frills airline’s shares reached a record high. Ryanair’s stock price rose to €18.99 by the end of last week, taking O’Leary closer to a threshold that could trigger the […]
The pay gap at the UK’s largest companies, which measures the difference in earnings between pay packets for chief executives and average employees, rose last year despite upward pressure on wages across the economy. Data from the High Pay Centre, a think tank focused on pay and employment rights, found that the average pay differential […]
The number of job openings in the UK has dipped below 1 million for the first time since May 2021, signalling that the labour market is cooling off as higher interest rates take their toll on the economy. Vacancies dropped to 998,562 last month, down 2.7 per cent from the 1.02 million job postings in […]