Business

The head of the Bank of England has advised against overstating the significance of a sharp increase in the UK’s long-term borrowing costs, explaining it reflects a broader international trend. During a discussion with MPs, Andrew Bailey noted that the Treasury had maintained stable borrowing rates for much of

English-Speaking Hackers Claim Responsibility for Jaguar Land Rover Cyber-Attack A group of English-speaking hackers associated with a previous cyber-attack on Marks & Spencer has now taken credit for targeting Jaguar Land Rover. A post on a Telegram channel included an image appearing to show the automaker’s internal IT systems,

Retailer Investigates After Controversial Shirt Listing Surfaces The retailer Shein has launched an internal inquiry after its website briefly featured a shirt with an image resembling Luigi Mangione, the individual accused of killing Brian Thompson, head of UnitedHealthcare, in New York last year. The image appeared to show Mangione in

Japan’s Debt Auction Eases Market Tensions Signs of stability are emerging in global bond markets following a turbulent sell-off earlier in the week that pushed government borrowing costs to multiyear highs. Today, Japan’s sale of 30-year government bonds concluded without major disruptions, providing support for domestic debt prices.

The new leader of Lloyd’s has emphasized the insurance market’s neutral stance in what appears to be a shift in its approach to climate policy, while also highlighting the increasing dangers posed by more frequent extreme weather events. Patrick Tiernan, who became CEO in June after succeeding John

Lloyds Banking Group to Place 3,000 Staff at Risk of Job Losses in Performance Review Lloyds Banking Group plans to inform 3,000 employees that their positions are under review due to performance concerns, as part of a restructuring effort led by CEO Charlie Nunn. Managers have been directed