The Trump administration is relying on a sharply different legal justification for seizing a Venezuelan oil tanker than striking alleged narco-traffickers, even if both moves are intended to ramp up pressure on Venezuelan leader Nicolas Maduro. Attorney General Pam Bondi on Thursday framed the U.S. seizure of a Venezuelan crude oil tanker as a straightforward sanctions enforcement action rooted in ...
Evoke, the heavily indebted gambling group that owns William Hill in the UK as well as the 888 brand, has put itself up for sale as it grapples with rising costs and regulatory pressure. The company said it is undertaking a review of its strategic options, which includes the possibility of selling the business. Investment banks Morgan Stanley and Rothschild ...
Fast-food chain Leon is set to close a number of restaurants and cut jobs after entering administration, just weeks after being bought back by its co-founder John Vincent in a deal reported to be worth between £30 million and £50 million. The business has applied for an administration order to enable the formulation of a Company Voluntary Arrangement (CVA), which ...
The British Design Fund (BDF) has secured a £5 million commitment from the British Business Bank to support early-stage UK businesses designing and manufacturing physical products, strengthening access to equity finance for product-led innovation across the country. The investment, made through the British Business Bank’s Regional Angels Programme, will support BDF’s mission to back founders building scalable, UK-based product businesses ...
The UK economy unexpectedly contracted for a second consecutive month in October, underlining the fragility of growth as households and businesses reined in activity ahead of the Chancellor’s Autumn Budget. Gross domestic product fell by 0.1 per cent in October, matching the decline seen in September, according to figures published by the Office for National Statistics. Economists had expected the ...
UK companies could be hit with fines of up to £60,000 per worker under proposed changes that would require right-to-work checks to be carried out on freelancers and other casual workers, a move that many business owners remain unaware of. Under current rules, employers have been legally required since 2008 to carry out right-to-work checks on employees engaged under traditional ...
In an exclusive interview with Fox News Digital, Liz Truss pulls back the curtain on what really happened during her 49-day reign as prime minister of the United Kingdom in 2022. The free speech advocate served just 49 days as British prime minister in 2022 before resigning amid market turmoil over her administration’s dramatic attempt to implement a pro-growth economic ...
Scandal-hit OBR faced nearly 240,000 cyber attacks this year amid website failure that leaked Budget
The Office for Budget Responsibility (OBR) has been targeted by almost a quarter of a million cyber attacks over the past year, a dramatic surge that comes just weeks after the fiscal watchdog accidentally leaked the Chancellor’s Budget online. Freedom of Information data obtained by the Parliament Street think tank shows the OBR faced 238,678 hostile incidents in the past ...
The founders of UK fintech GoCardless are set for a significant financial windfall after the payments company agreed to be acquired by Dutch rival Mollie in a deal valued at €1.05bn (£920m). The transaction is expected to deliver a major payday for GoCardless chief executive Hiroki Takeuchi, as well as fellow co-founder Tom Blomfield, one of Britain’s most prominent technology ...
President Donald Trump clapped back at a report that was just released about the global artificial intelligence arms race, which claimed China has more than double the electrical power-generation capacity of the United States. Trump, in a pointed social media post on his platform Truth Social, called the report’s findings ‘WRONG,’ adding that every big artifical intelligence plant being built ...