Business

"EU's Trump-matching steel tariffs pose 'existential threat' to UK steel sector"

"EU's Trump-matching steel tariffs pose 'existential threat' to UK steel sector"

EU to Impose Higher Steel Tariffs, Raising Concerns for UK Industry The EU has decided to increase tariffs on steel imports to 50%, mirroring measures introduced by Donald Trump, a move criticized as posing a severe risk to the UK’s steel sector. With the majority of British steel exports

"Gold hits all-time high as investors flock to safety"

"Gold hits all-time high as investors flock to safety"

Gold Futures Surpass $4,000 Per Ounce Amid Economic Uncertainty Gold futures prices climbed above $4,000 per ounce for the first time on Tuesday as investors sought stability amid an ongoing US government shutdown and broad economic instability. By 9:10 a.m. ET, gold futures in New York

Millions owed £700 each in car finance scandal, FCA reveals

Millions owed £700 each in car finance scandal, FCA reveals

Up to 14 million people affected by the UK’s car finance issue may receive around £700 each in compensation. The payments are expected to be lower than initially predicted. However, the Financial Conduct Authority (FCA), which outlined the compensation plans on Tuesday, stated that lenders could face costs of

"Is OpenAI's billion-dollar spending a sign of excessive hype?"

"Is OpenAI's billion-dollar spending a sign of excessive hype?"

Rising Global Temperatures Linked to Increased Extreme Weather Events A recent study highlights the growing connection between rising global temperatures and more frequent extreme weather events worldwide. Researchers warn that without significant action, these trends could worsen in the coming decades. The report, published in CuriosityNews, analyzed decades of climate

"Qantas and dozens of firms hit by hacker group's ransom demand"

"Qantas and dozens of firms hit by hacker group's ransom demand"

Qantas is among nearly 40 companies worldwide given until Friday to negotiate with hackers threatening to expose up to 1 billion personal records. The group Scattered Lapsus$ Hunters reportedly posted the ransom demand on a dark web leaks site, warning that stolen data would be shared unless paid. They claim

"Treasury pressures OBR over Labour's growth plans following downgrade disputes"

"Treasury pressures OBR over Labour's growth plans following downgrade disputes"

Treasury officials are reportedly concerned about the timing of a revision to UK productivity forecasts by the Office for Budget Responsibility (OBR), as it may complicate fiscal planning. Rachel Reeves could be forced to consider up to £30bn in tax increases or spending reductions for her budget on 26 November

"VW halts output at two factories amid sluggish EV demand"

"VW halts output at two factories amid sluggish EV demand"

Volkswagen will temporarily halt operations at two of its German facilities due to declining interest in fully electric vehicles. The automaker will suspend production for one week in mid-October in Dresden, as well as at its electric vehicle (EV) factory in Zwickau, which manufactures six EV models for Volkswagen,