Senate Republicans are calling foul on Senate Democrats’ opposition to the GOP’s short-term plan to keep the government funded, calling it hypocritical. House Republicans on Tuesday unveiled their seven-week funding extension, known as a continuing resolution (CR), which congressional Republicans argue is as ‘clean’ as can be. That means that the bill largely lacks any additional spending or policy riders. ...
President Donald Trump and first lady Melania Trump received a full royal welcome from King Charles III following their arrival to Windsor Castle on Tuesday night. Wednesday’s festivities kicked off with Trump, the first lady and several top U.S. officials participating in a carriage procession with the king, queen and other members of the royal family. Ahead of the couple’s ...
Jeffrey Miron According to new research, The mainstream theory of corporate governance in the United States holds that the primary responsibility of the board of directors and management is to maximize the wealth of shareholders. This is the theory of shareholder primacy. An alternative theory is that directors and management should consider all stakeholders, including employees, customers, and communities. In ...
Cyber criminals have stolen the personal details of potentially millions of Gucci, Balenciaga and Alexander McQueen customers in a ransomware attack on their parent company, Kering. The luxury group confirmed that in April hackers gained “temporary access” to its systems and accessed customer records, though it insists no financial information such as card or bank details was stolen. The compromised ...
If 2024 was the year when artificial intelligence dominated the headlines, then 2025 has been the year of the cyberattack. From luxury fashion houses to high-street retailers and car manufacturers, businesses across the UK and beyond have found themselves under siege from hackers. The scale, frequency and audacity of these attacks raise urgent questions about how well user data is ...
Tesla shares have surged almost 50% since the company was rocked by a very public clash between CEO Elon Musk and US President Donald Trump in June. On June 5, 2025, the feud sent Tesla stock tumbling 14% in a single session, wiping $150 billion off its market value. The sell-off drove shares to an intraday low of $284.70 amid ...
Ocado has begun using zero-emission refrigeration units across its flagship double-deck trailer fleet as part of efforts to cut emissions and reduce costs. The online grocer confirmed that Sunswap’s Endurance units — powered by batteries and solar panels — are now fitted to its double-deck trailers, keeping fresh and frozen produce chilled without using diesel. Each Endurance unit eliminates diesel ...
Women in the UK are on track to lose out on more than £93,000 in earnings over a 40-year career because of the gender pay gap, new analysis reveals. Research by Instant Offices shows how inequalities between men and women in the workplace compound over time, leaving women with a significant lifetime shortfall that directly impacts pensions, savings and long-term ...
When ministers and tech executives hailed Microsoft’s £22 billion UK investment package, one project stood out from the dense jargon of “compute capacity” and “data infrastructure”: Stargate UK. The name might sound like a science fiction franchise, but Stargate UK is in fact Britain’s most ambitious supercomputing initiative to date — a programme designed to provide the raw computing power ...
Lynn Forester de Rothschild is preparing to sell her 20 per cent interest in The Economist, paving the way for the most significant change in the 182-year-old publication’s ownership since 2015. The British-American financier, 71, has appointed investment bank Lazard to oversee the process, which remains at an early stage. The stake, made up of voting shares, could fetch as ...