India’s biggest share sales tell the story of a country glued to its phones
India’s biggest share sales tell the story of a country glued to its phones Image source, NurPhoto via Getty ImagesImage caption, Jio is expected to raise around $4bn (£3.02bn) with an estimated valuation of $120-160bn India’s largest stock exchange and its biggest telecoms operator will both go public by the end of this year in […]
Chinese tycoon sentenced to 30 years in US jail
Guo Wengui, who was once believed to be one of China’s richest businessmen, has been sentenced to 30 years in jail in the US for running a billion dollar scam. The former property tycoon fled China to the US in 2017, where he reinvented himself as a Communist Party critic and built a loyal online […]
Homes harder to sell as high mortgage rates frustrate buyers
Three in five homes listed for sale since January remain on the market, according to property portal Zoopla, as high mortgage rates frustrate potential buyers. A lack of demand from buyers, as well as some high asking prices from sellers, have left homes in some areas unsold. Agreed sales were 7% below last year, Zoopla […]
We had packed lunches every day for 10 years and retired at 40
Every winter, Alan and Katie Donegan would avoid turning on the heating at their home in the south of England. “Instead, we wore extra layers and used hot water bottles – we turned it into a game,” says Alan. “It wasn’t suffering, it was strategy.” While the couple admit that others thought they were “extreme” […]
Hollywood director gets two and a half years in prison for defrauding Netflix
A Hollywood director convicted of defrauding Netflix of $11m (£8.3m) last year has been sentenced to two and a half years in prison. Carl Erik Rinsch was accused of using Netflix funds intended to complete a science fiction series to buy cars, cryptocurrency and other luxuries for himself. The 48-year-old, best known for the 2013 […]
Will Andy Burnham’s devolution plan raise economic growth?
Image source, Getty Images ByBen Chu Policy & Analysis Correspondent, BBC Verify Andy Burnham promised the “biggest rebalancing of power our country has seen” as part of his plans for the UK if he becomes the next prime minister. In his first major policy speech, Burnham said on Monday he would seek to take power […]
Supreme Court blocks Trump’s attempt to fire Federal Reserve Governor Lisa Cook
The US Supreme Court has blocked President Donald Trump’s attempt to fire a governor of the US central bank, in a ruling seen as affirming the Federal Reserve’s independence. In a 5-4 decision, justices from the country’s top court said the administration had not provided Federal Reserve Governor Lisa Cook sufficient “due process” for her […]
Burnham’s ‘Manchesterism’ could change the UK, but is not yet a full economic plan
“True to the motto of this city, I am going to do things differently,” Andy Burnham declared, a reference to the film 24 Hour Party People. His speech in Manchester did indeed show a rather different way of seeing and running the UK. The departing Greater Manchester mayor presented a diagnosis of what has caused […]
British American Tobacco to cut 9,000 jobs
The company currently employs about 47,000 people globally. It says the cost cuts are expected to save about £600m a year by 2028. Sales in the US – its biggest market – have also been hit by the cost of living, as smokers swap for cheaper brands. Additionally, the company is battling rising duties and […]
Ford rehires human engineers after AI fails to match quality checks
Ford says it has hired back some human engineers after AI failed to match their skills and experience. In a bid to reap the benefits of the tech, which developers claim can cut costs and boost productivity, the US carmaker adopted it across some parts of its operations including for quality checks. But, according to […]