A wave of speculation by traders in futures markets has pushed the prices of metals such as copper and gold to record highs, as funds bet on coming supply shortages and try to hedge against inflation. Copper has risen 30 percent since early March and this week broke through $11,000 per tonne, its highest level … Read more
Paula Vennells will give evidence over three days to the inquiry, which starts this morning, with campaigners urging the ordained priest to take responsibility for widespread failings and a cover-up over the Horizon scandal. By means of James Sillars, business reporter @SkyNewsBiz Wednesday, May 22, 2024 1:38 AM, UK A victim of the Post Office … Read more
Image source, Getty Images Item information Author, Charlotte Edwards Role, Business reporter 5 hours ago Fake Olympics and Taylor Swift tickets are the two biggest online scams consumers are likely to encounter this year, UK Finance warns. The warning came as the banks’ lobby group reported that the number of people duped by romance and … Read more
Adani Group has dismissed low-quality coal as a much more expensive cleaner fuel in deals with an Indian state-owned energy company, according to evidence from the Financial Times that sheds new light on allegations of a long-running coal scam. The documents, secured by the Organized Crime and Corruption Reporting Project (OCCRP) and reviewed by the … Read more
THIS is the shocking moment a speeding BMW skids across a road and into a front garden – before its occupants climb out and flee the scene. CCTV footage shows the black BMW 320 crashing into the front garden of a house in Bradford, West Yorkshire, at around 6.15pm yesterday. The black BMW 320 ended … Read more
Tesla investors are lobbying to shoot down the largest moonshot compensation plan in history. A group including New York City pension funds filed a notice Monday urging others to vote against Tesla CEO Elon Musk’s $46 billion stock option package at the company’s June 13 shareholder meeting. New York City Comptroller Brad Lander, who serves … Read more
Stay informed with free updates Simply log in to the EU trade myFT Digest – delivered straight to your inbox. The EU’s goods trade deficit with China has shrunk to its lowest quarterly level in almost three years, despite fears the bloc will be flooded with cheap Chinese products. There are also signs of growing … Read more
Image source, Getty Images Item information Author, Michael Ras Role, Business reporter, BBC News May 21, 2024, 4:25 PM BST Updated 1 hour ago Online used car retailer Cazoo has gone bankrupt after cutting hundreds of jobs as part of a major restructuring. Cazoo became popular during the Covid pandemic when restrictions forced car buyers … Read more
Two water companies serving Wales want to increase their prices by more than 40% over the next five years, new figures show. Hafren Dyfrdwy will ask for a 56% increase, while Dŵr Cymru will ask for as much as a 43% increase in customer bills over the next five years. Water companies will meet with … Read more
The Comptroller of New York City and seven financial firms are recommending Tesla shareholders give a thumbs down to the electric car maker’s ~$50 billion compensation package for CEO Elon Musk. The suggestion was part of a letter signed by NYC Comptroller Brad Lander and the aforementioned companies, filed with the Securities and Exchange Commission … Read more