A US jury has found Elon Musk misled investors by deliberately driving down Twitter’s share price in the months leading up to his $44bn (£33bn) takeover of the social media company. But the tech tycoon, and the world’s richest person, was cleared of some fraud allegations in the civil trial in San Francisco. The case […]
Elon Musk misled investors during Twitter takeover, US jury finds Read More »
Average annual energy bills will rise by £332 in July, more than double the previously anticipated increase, due to high oil and gas prices driven by the war in Iran, trusted forecasters predicted. If it comes to pass, it will mean the most expensive typical annual bills in three years, at a high last seen
Energy bills to rise hundreds of pounds to three-year high Read More »
British households have been told to brace for a surge in inflation and multiple interest rate hikes this year after surging oil and gas prices sparked by Donald Trump’s war on Iran. Tehran has launched a series of retaliatory strikes on energy sites in the Gulf since the conflict began, and has throttled the key
Iran war: Households brace for cost of living pain as oil and gas prices surge Read More »
Sharp rises in the price of oil and gas as a result of the war in Iran have set off an economic chain reaction which is already hitting people in the pocket. The benchmark Brent crude oil remains around $110 a barrel, compared to around $72 before the war. And a unit of wholesale gas
Interest rate hikes could mean more misery for consumers, as war takes toll on pockets Read More »
Almost 200,000 students who were at university during the COVID-19 pandemic are seeking financial compensation. The Student Group Claim argues that students at the start of the pandemic did not have access to the tutoring and services they paid for, as teaching was moved online. The action first started in 2023 when 100,000 students signed
Could thousands of students win COVID compensation from universities? Read More »
UK unemployment has remained at its highest rate in five years, new official figures show. The jobless rate was 5.2% in the three months to January, the Office for National Statistics (ONS) has said. Before last month, such a high hadn’t been seen since the three months to January 2021. The increases in the last
Unemployment stuck at five year high as youth rate climbs Read More »
There is a small fraction of the population for whom the release of the government’s new Steel Strategy represents an extraordinarily fascinating, not to mention important, moment. The chances are you are not one of those people. However, allow me to make the case that this document published by the government today represents something very
Watershed moment as UK levies steel tariff in new strategy Read More »
The US central bank has raised its forecast for inflation as the Iran war-linked surge in global energy prices threatens self-inflicted damage on the world’s largest economy. The Federal Reserve held off putting up interest rates despite the challenge to price stability posed by US President Donald Trump’s decision, along with Israel, to attack the
US central bank predicts inflation rise from Iran war as oil prices surge again Read More »
The UK government is preparing a possible court case against former Chelsea owner Roman Abramovich after he missed a deadline to release £2.5bn he raised from the sale of the club. It comes after Sir Keir Starmer announced in mid-December that the Treasury was issuing a licence for the transfer of the frozen funds to
👉 Listen to This Is Why on your podcast app 👈 Sir Keir Starmer is promising help for working people whose energy bills are going up because of the Iran war. The last energy bailout after Russia’s full-scale invasion of Ukraine cost £40bn, and on top of the costs of support during the COVID pandemic
Why an energy bailout will cost us long term Read More »