The annual Jackson Hole gathering closed with what may prove to be Jerome Powell’s last major act before the Federal Reserve’s September meeting — and while the chair resisted committing to a rate cut, markets are convinced the groundwork has been laid. Powell struck a characteristically cautious note, stressing that the Fed still has jobs and inflation data to digest ...
Yvette Cooper, the Home Secretary, is preparing to appeal a High Court ruling that ordered the closure of a migrant hotel in Essex, amid warnings the case could set a precedent for asylum housing across the UK. Dan Jarvis, the security minister, confirmed on Wednesday that the Home Office will seek to overturn the temporary injunction forcing the shutdown of ...
The government has assumed control of Sanjeev Gupta’s biggest steelmaking operation in a dramatic intervention that leaves it overseeing more than half of Britain’s steel industry. On Thursday, the official receiver stepped in to take charge of the Rotherham steelworks in South Yorkshire after the High Court approved a winding-up petition from creditors. The ruling forced Gupta’s Speciality Steel UK ...
OnlyFans has paid a record dividend of $701m (£523m) to its Ukrainian-born owner Leonid Radvinsky, marking the latest in a series of bumper payouts as the adult-content platform prepares for a potential sale. The payout comes after a surge in user spending helped OnlyFans’ parent company, Fenix International, deliver another year of rapid growth. The site, best known for its ...
JCB has warned it could lose “hundreds of millions of pounds” after the US government unexpectedly extended tariffs on steel and aluminium to cover finished goods, dealing a blow to one of Britain’s best-known engineering firms. The Trump administration confirmed on Monday that the 25 per cent tariffs already applied to components would now include all machines exported to the ...
It was always much more than just a precious metal. It’s a secure haven in turbulent times, a trade instrument, and also an emblem of prosperity. A favorite among institutional investors, portfolio managers as well as retail investors is gold futures. They let you benefit from price fluctuations and protect against the effects of inflation. Before you begin, it is ...
The London Underground is braced for a week of chaos next month as thousands of staff walk out in a fresh dispute over pay and working conditions. The RMT union confirmed that a series of rolling strikes will begin on September 5, involving signallers, engineers and service control staff across multiple Tube lines. Drivers are not included in the action, ...
Jules White has never been one to follow the traditional sales rulebook. Internationally recognised for her bold “Live it, Love it, Sell it” methodology, she champions authentic, human-centred strategies over pushy tactics. This is a philosophy that has not only earned her clients worldwide, but also the respect of peers who call her the “Dragon Slayer” for her entrepreneurial courage. ...
The way most industry leaders think about international ecommerce has radically changed over the last few years, primarily because of the emergence and widespread availability of AI tools. However, automation isn’t the only technology shaping the industry. Various other technologies are impacting consumer behavior and the quality of the shopping experience that online businesses can offer. A DHL study revealed ...
Liberty Speciality Steel has collapsed into administration after a winding-up petition in the High Court, placing one of the UK’s most strategically important steelmaking businesses under government control. The South Yorkshire-based company, which employs around 1,450 people, will now be managed by special officials appointed by the Government’s Official Receiver. Liberty Speciality Steel supplies high-grade steel products to critical sectors ...