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Sky News
Musk threatens to terminate Twitter deal after alleging ‘spam’ accounts weren’t disclosed
Elon Musk is threatening to pull out of his deal to acquire Twitter alleging that the company has failed to disclosure the number of “spam and fake accounts” on the platform.The billionaire, who claims to be spending less than 5% of his time on the $44bn takeover, has made a number of comments in recent …
Business
Sky News
US hedge fund sues London Metal Exchange for $456m over ‘irrational’ nickel trading decision
The London Metal Exchange (LME), one of the world’s most important commodity trading hubs, is being sued by a US hedge fund for $456m (£363m).The lawsuit, filed by Elliot Management at the High Court in London last week, alleges that the LME acted “unreasonably and irrationally” when it decided to cancel trading on a chaotic …
Business
Evening Standard
Shareholder group to challenge Sainsbury’s on living wage
A battle between shareholders over the awarding of the national living wage to staff at Sainsbury’s is set to commence at the company’s AGM next month as an action tabled by a shareholder group including Legal & General and Nest represented by activists ShareAction heats up.Although both shareholding companies are understood to hold less than …
Business
Evening Standard
Mercedes car recall: your questions answered
In 1970 folk legend Janis Joplin famously sang “Oh Lord, won’t you buy me a Mercedes Benz?”She might ask for a different brand just now, as the carmaker has just announced a recall of almost a million vehicles.What’s caused the recall?It’s an issue with the brakes which could cause them to fail. Mercedes say the …
Business
Evening Standard
London Metal Exchange sued for £360 million over suspended nickel market
The London Metal Exchange is being sued for $456 million (£363 million) over its decision to suspend nickel trading and cancel a day of trades.US hedge fund Elliott Management, which has brought the case in the High Court, said LME’s decision “was unlawful on public law grounds and/or constituted a violation of the claimants’ human …
Business
Sky News
Platinum Jubilee ‘boost’ for shops and hospitality despite cost of living squeeze
Retailers, along with pubs and restaurants, have enjoyed a “welcome boost” from the four-day weekend celebrating the Queen’s Platinum Jubilee, according to two measures of consumer spending.Early data covering sales and the volumes of people out and about for the public holiday suggested Britons spent heavily on having fun with friends and family following a …
Business
Sky News
Petrol prices hit ‘frightening’ new record high of 177.9p a litre, figures show
Average petrol prices have reached a “frightening” new record high of 177.9p a litre, figures show, a further increase on the last record price set just days ago.Fuel prices have been hitting new fresh highs every few days in recent weeks, as the supply dries up at a time when demand is starting to gain …
Business
Euro News
Could this Paris start-up lab build the Web3 champions of the future?
Business
Euro News
Four-day week: Which countries have embraced it and how’s it going so far?
Business
Business Live
Black Country industrial estate sold for £1m
A Black Country industrial estate that has been in the same family’s hands for 30 years has been sold. Cridden Industrial Estate, in Stourbridge, has been acquired for £1.15 million by Wilton Trust, a London-based family fund company. The seller was RA & S Baylie which has owned and managed the estate for the past …
Business
Evening Standard
Musk and Dimon warn of heavy weather, but in the longer run we will survive
BRACE yourself for some bad news from some serious people.Elon Musk has a “super bad feeling” about the economy and thinks the US is probably already in recession.Jamie Dimon warns of a looming economic “hurricane”.That sounds bad. How are the bosses of Tesla and JP Morgan going to cope with this personally?Well, Tesla is so …
Business
Business Live
Renewables specialist Clear Climate to create jobs on journey to £10m turnover
A North East renewable energy specialist is set to create new jobs after expanding to a new base on the back of growing demand. Clear Climate, which specialises in air conditioning, air source and heat pumps as well as data centres, is poised to double turnover from £2.5m to £5m by the end of 2022 …

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