European gas prices surge amid fears US-Iran war will cause winter shortages
European gas prices have hit a four-month high as the escalation of the conflict in the Middle East raises fears of supply shortages this winter.
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Jeff Bezos and UK government invest in £2bn British startup CuspAI
Amazon’s founder, Jeff Bezos, and the UK government have invested in a £2bn British artificial intelligence startup that is aiming to become the “search engine for rare materials” that accelerates the next wave of techn…
Prosper Capital LLP enters creditors’ voluntary liquidation
On 1 June 2026, Prosper Capital LLP (Prosper) went into creditors’ voluntary liquidation. Jeremy Karr and Simon Killick of BTG Begbies Traynor (Central) LLP were appointed as joint liquidators.
AliExpress fined record €550m by EU for failing to stop sale of illegal and fake goods
AliExpress, the Chinese online retail platform, has been fined a record €550m (£470m) by the EU over its failure to stop illegal goods including harmful clothing, cosmetics and kitchen gadgets being sold through its sit…
How Elephant and Castle risks becoming London’s gentrification ‘patient zero’
Diana Sach once employed more than 30 people and catered for hundreds more every day from her Latin American restaurant and delicatessen, famous for its Peruvian empanadas, in south London’s Elephant and Castle district.
Ryanair says its planes are safe after passenger nearly sucked out of window
Airline says it has been in touch with family of man nearly sucked out mid-flight and reports strong summer bookings after profits slump
PRA fines HDI Global SE £4,165,000 for inaccurate reporting of FSCS Liabilities and FSCS Fee Tariff data
The Prudential Regulation Authority (PRA) has imposed a financial penalty of £4,165,000 on HDI Global SE in connection with the submission of incorrect data to the PRA.
Retired UK civil servants failed by pension outsourcing, government says
Retired civil servants have been failed by the decision to outsource their pension scheme, the government has admitted, and the maladministration meant some were left waiting up to a year for payments.
Pay gap widens as UK bosses get 130 times average worker’s salary
The bosses of Britain’s largest listed companies received record pay last year, fuelling the widest earnings gap with workers in eight years.
Thames Water creditors seek talks with Burnham as nationalisation looms
The group of investors pursuing a rescue bid for Thames Water have said they are willing to discuss greater public control but are also preparing for a potential multi-billion pound legal battle amid reports that Andy B…
Fossil fuels, utilities and housing: what we know about Andy Burnham’s plans
Burnham has pledged to take more public control of key utilities such as water, a move that appears likely to begin with Britain’s largest water company, Thames Water.
Are money and soft power draining World Cup football of its magic? | Richard Partington
It’s almost all over. No more hydration breaks, no more obligatory pans of the TV cameras to Hollywood A-listers, or dread of the crushing inevitability of English disappointment. The Fifa World Cup 2026 is at an end, a…
After fixing its engine problems, Rolls-Royce is turning to its next big challenge
In a 100-year-old hangar at Rolls-Royce’s factory in Derby, aircraft engines lie on their noses as technicians strip them down after a couple of years circling the world.
Molten salt and human sweat: the weird batteries that could store renewable energy
In the deserts of the United Arab Emirates a sprawling clean energy project , stretching across an area roughly the size of 12,600 football fields, will play host to a breakthrough allowing solar energy to power the equ…
‘Good growth in every postcode’: Burnham’s economic to-do list in seven charts
Andy Burnham becomes prime minister as Britain contends with a series of global economic shocks and years of weak growth in living standards, fuelled by underinvestment and deep regional divisions.
Here be dragons: does moving power to the north work?
When the BBC first announced its intention to move a significant chunk of its operation to Salford in Greater Manchester – the “ Out of London ” plan, as the then director general Mark Thompson called it in 2004, with a…
‘We noticed a login from a new device’: the message from fraudsters targeting your X account
You have had an X account for years, since it was known as Twitter. When an email arrives about a new login from a location nowhere near where you live, alarm bells begin to ring.
Restoring Britain’s health to 2014 levels could add 2% to GDP, thinktank says
Restoring the deteriorating health of the UK’s population to the level of 2014 would boost GDP by 2% and generate a £72bn dividend for the public finances, research suggests.
Fifa gives fraud ‘an open door’ with betting, says Council of Europe chief
Fifa has been accused of providing an “open door to fraud” and allowing political influence to cast doubt on the integrity of the World Cup in a stinging rebuke by the Council of Europe’s secretary general.
Fifa to announce record $15bn World Cup revenue, smashing expectations
Fifa will announce record $15bn (£11.2bn) revenues from this summer’s World Cup, significantly exceeding the targets set before the tournament.
The Paramount-WBD merger: bad news for Hollywood, great news for Tennessee? | Dave Schilling
There are simply too many companies in the world. Apple, Google, Amazon, Ryanair. I’m probably forgetting some. How could I not? There are so many companies . Thankfully, here in Hollywood, we’re culling the herd. My me…
Andy Burnham considers radical shake-up to cut energy bills
Andy Burnham is considering radical plans that could cut household energy bills by £130 a year and make running a heat pump cheaper than a gas boiler.
Cuba edges toward breakdown as power cuts and US meddling push society to brink
When Cuba’s national grid collapses, as it did for the third time in 10 days on Tuesday, a collective groan spreads across its cities and people wonder, again, whether the island’s antiquated electricity system may soon…
Trump has normalized crypto. Is it the path to the next financial collapse? | Eduardo Porter
The scale of the graft is decidedly off the charts, but the revelation that Donald Trump raked in a personal fortune of $2.2bn during his first year in office should come as no surprise. The president didn’t even try to…