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Elon Musk’s ‘chainsaw’ strategy ‘does not bode well’ for Twitter’s future
Elon Musk’s strategy “does not bode well” for the future of Twitter, an early backer of the billionaire’s SpaceX firm has warned.The social media platform has been in an almost constant state of chaos since the world’s richest man bought it in a $44bn deal last month, with warnings this week that a spike in …
Business
Sky News
Rees-Mogg windfall in jeopardy as Somerset sale talks stall
A multimillion-pound payout to Jacob Rees-Mogg, the former business secretary, is in jeopardy amid faltering talks about a sale of the asset management business he cofounded.Sky News has learnt that negotiations between Somerset Capital Management, in which Mr Rees-Mogg is a substantial shareholder, and prospective buyer Emso Asset Management have stalled in recent weeks. Industry …
Business
Sky News
Tesla recalls more than 300,000 vehicles in US over rear light problems
Tesla is recalling more than 300,000 vehicles in the US because of potential problems with their rear lights. The Texas-based electric vehicle manufacturer said the recall affects some 2023 Model 3 and 2020-2023 Model Y vehicles. Tesla said it has had no reports of any crashes or injuries related to the recall of about 321,000 …
Business
Sky News
Banksy urges shoplifters to ‘help themselves’ to Guess clothing after copyright row
Banksy has accused US fashion retailer Guess of stealing his work, encouraging shoplifters to head to their flagship Regent Street store in central London and “help themselves” to the clothes.The anonymous graffiti artist shared an image of the shop’s front window with his 11.6 million Instagram followers, showing items of the capsule collection inspired by …
Business
Evening Standard
Rail passengers urged to check before travelling as train managers strike
Avanti West Coast is strongly advising customers to check before they travel ahead of a strike by train managers on Sunday.Members of the Rail, Maritime and Transport union (RMT) will walk out in a row over rosters.A significantly reduced timetable will be in operation, with fewer services running during limited operating hours.On Sunday, the inter-city …
Business
Sky News
Elon Musk asks Twitter users to vote on reinstatement of Donald Trump
Elon Musk has posted a poll on Twitter asking users to vote on whether former US President Donald Trump, who was banned from the social media site by its previous owners, should be reinstated.The Twitter boss accompanied it with the words: “Vox Populi, Vox Dei” – a Latin phrase meaning “the voice of the people …
Business
Evening Standard
Union leader says Government ‘caught out’ as it fails lorry drivers
A multi-million pound Government scheme to improve toilet facilities for lorry drivers is “entirely unspent” after a year, according to a leading trade union.Unite said that in the October 2021 Budget, then chancellor Rishi Sunak allocated £32.5 million to the Department for Transport (DfT) for roadside facilities at service stations and truck stops for lorry …
Business
Evening Standard
Hunt’s higher taxes could be here to stay for ‘several decades’, IFS warns
A “series of economic own goals” has worsened Britain’s “long, hard, unpleasant journey”, economists have warned as they forecast Chancellor Jeremy Hunt’s record-high taxes are “here to stay”.The Institute for Fiscal Studies (IFS) said on Friday the biggest drop in living standards will “hit everyone” but that “Middle England is set for a shock” as …
Business
Business Live
Airbus, RAF and Rolls-Royce complete landmark sustainable fuel flight
The first flight in UK airspace of an aircraft completely powered by sustainable aviation fuel (SAF) has been successfully completed. The test flight was a joint endeavour between the Royal Air Force (RAF), aerospace giant Airbus, along with other industry partners, such as engine manufacturer Rolls-Royce. A military variant of the Airbus A330 commercial jetliner, …
Business
Evening Standard
‘Squeezed middle’ in the South-East will see 900,000 pulled into higher tax band
Hundreds of thousands of “squeezed middle” earners across London and the South-East are set to be dragged into the higher 40 per tax band over the next six years after Jeremy Hunt extended the freeze on thresholds in his Autumn Statement.Analysis by the Standard suggests that by 2028 more than 900,000 extra employees throughout the …
Business
Evening Standard
Oil giants drag as FTSE rises
Oil giants Shell and BP and some of the UK’s biggest banks were the few drags on an otherwise positive day for the top shares in London on Friday.The FTSE 100 jumped by more than half a percent as traders prepared for the weekend, gaining nearly 39 points and ending the day at 7,385.52.“It looks …
Business
Evening Standard
Rishi Sunak accused of shielding super-rich by maintaining non-dom tax loophole
Labour has accused Rishi Sunak and Jeremy Hunt of shielding the super-rich from paying their fair share of tax by refusing to abolish the non-dom loophole.The Chancellor said on Friday it would be the “wrong thing” to end the controversial arrangement for those who live in the UK but pay no tax on their offshore …

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