CUSTOMERS at a major bank are furious after being charged twice due to a technical glitch. People have complained to the Co-operative Bank that payments have been debited twice from some small business account holders. Co-op Bank has apologized after payments were debited twice from some accountsCredit: PA:Press Association One irate customer on It is … Read more
Stay informed with free updates Simply log in to the Fund management myFT Digest – delivered straight to your inbox. Invesco is ending its standalone UK equities team, previously led by stock picker Neil Woodford, and merging it with its European division, amid a sector-wide decline in interest in UK equities. The US-headquartered asset manager … Read more
Image source, Getty Images Image caption, Chinese companies could make electric cars for 25% less than their European and American rivals Item information Author, Theo Leggett Role, BBC International Business Correspondent 1 hour ago With China accused of selling electric cars at artificially low prices, the European Union is widely expected to hit them with … Read more
Enlarge / No simulation. Plasma flows over the surface of SpaceX’s spacecraft during its return high above the Indian Ocean. SpaceX demonstrated Thursday that its towering Super Heavy booster and Starship rocket could one day soon be recovered and reused in the way Elon Musk envisions for the future of space exploration. For the first … Read more
Gazprom is unlikely to recoup the gas sales lost due to Vladimir Putin’s massive invasion of Ukraine for at least a decade, according to a report commissioned by the leaders of Russia’s energy group. The company’s exports to Europe will average 50 to 75 billion cubic meters per year by 2035, barely a third of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Indian markets hit record highs after exit polls predicted a landslide election victory for Prime Minister Narendra Modi, whose third term promises investors a resumption of his infrastructure-led economic drive and market-friendly reforms. A series … Read more
Earth is expected to be hit by a powerful three-day solar storm today that could cause “fluctuations in the power grid,” experts warn. The National Oceanic and Atmospheric Administration (NOAA) noted that the geomagnetic storm, which is a major disruption of Earth’s magnetosphere, could disrupt the orbits of satellites, cause radio blackouts and create incredible … Read more
By Dan Grennan 12:06 May 27, 2024, updated 1:11 PM May 27, 2024 Share or comment on this article: It’s one of the sounds of the British summer, but an ice cream van owner’s noise has landed him in trouble after complaining it’s ‘too loud’. John Barton, who runs Harrison’s Ices in Lincolnshire, was shocked … Read more
New research indicates that the Sun’s magnetic field originates much closer to the surface than previously thought, a finding that could help predict periods of extreme solar storms like the one struck the earth earlier this month. It appears that the magnetic field originates 20,000 miles below the surface of the sun. Previous calculations placed … Read more
New research indicates that the Sun’s magnetic field originates much closer to the surface than previously thought, a finding that could help predict periods of extreme solar storms like the one struck the earth earlier this month. It appears that the magnetic field originates 20,000 miles below the surface of the sun. Previous calculations placed … Read more