President-elect Trump named Rep. Elise Stefanik, R-N.Y., as the next United States Ambassador to the United Nations, Fox News has confirmed. First reported by the New York Post, the appointment is one of the first announced in the early days of Trump’s transition period. ‘I am honored to nominate Chairwoman Elise Stefanik to serve in my Cabinet as U.S. Ambassador ...
Karel Komarek, Czech billionaire whose company Allwyn was licensed to run the UK’s National Lottery, has faced numerous challenges and criticism from both the government and the public. In addition to technological and financial failures undermining the company’s credibility, investigative journalism has drawn attention to its long-standing ties to Russian businesses, including a mysterious deal for the Samara oil terminal, ...
New research from Co-op reveals that up to 7.4 million people in the UK—equivalent to the populations of Scotland and Northern Ireland combined—are missing out on career or educational opportunities due to their socioeconomic background. The study found that 70% of individuals from lower socioeconomic backgrounds face barriers that impact their access to opportunities, with younger generations particularly affected. The ...
Investors are keenly awaiting SSE’s interim results on Wednesday, hoping for an update on the FTSE 100 energy group’s spending plans and progress on its renewable projects. SSE, one of the UK’s largest offshore wind developers, recently completed several significant projects, including the 443-megawatt Viking onshore wind farm, the Shetland subsea link, which will connect the Shetland Islands to the ...
NatWest has purchased £1 billion of its own shares from the UK Treasury, lowering the government’s stake in the FTSE 100 lender to just over 11%. This buyback, the second of its kind in 2024, saw NatWest acquire 263 million shares at a price of 380.8p each, a step CEO Paul Thwaite describes as an “important milestone on the path ...
The price of bitcoin has surpassed $80,000 (£62,000) for the first time, buoyed by Donald Trump’s recent election victory and Republicans moving closer to full control of the US Congress. With expectations for a more crypto-friendly administration, the world’s largest cryptocurrency has surged, marking an over 80% increase in value this year. Trump’s campaign promises included making the US “the ...
The UK could face a major economic hit if President-elect Donald Trump enacts a 20% blanket tariff on all imports to the US, potentially costing British exporters up to £22 billion, according to new research from the Centre for Inclusive Trade Policy (CITP) at the University of Sussex. Economists estimate that UK exports could decline by more than 2.6% as ...
Lloyds Banking Group faces mounting pressure from MPs, business groups, and a staff union to release the full, unredacted findings of the Dame Linda Dobbs review, a report examining Lloyds’ handling of a £1 billion fraud at HBOS, which the bank acquired in 2009. The delay has drawn criticism, with figures like Lord Tyrie, former Treasury committee chairman, labelling the ...
Boxing icon Chris Eubank has taken on a new challenge, stepping into the tech space with the launch of Trust Huddle —a pioneering platform that promises to transform community fundraising and administration. Designed to empower communities with easy-to-use tools on their phones, Trust Huddle is a free, all-in-one solution for groups of all kinds, from sports clubs and PTAs to ...
The Democratic blame game is at a fever pitch after Vice President Kamala Harris was swiftly defeated by President-elect Donald Trump at the ballot box in an election that had been anticipated to drag out for days as polling indicated the match-up was razor-thin. Trump sailed to victory in the early morning hours last Wednesday, after locking down key battlegrounds ...