Finance

599
Bitcoin family reveals how they protect crypto assets amid wave of abductions and thefts
The family has ditched hardware wallets and employed ingenious methods to ensure safety of their Bitcoin and crypto holdings.
842
Pepco offloads Poundland: brand sold at face value, 100 stores at risk of closure
Poundland’s parent company has announced it has sold the brand off for a ‘nominal’ price.
845
Unemployment rate exceeds expected peak as budget tax increases take effect
The UK’s jobless rate ticked up to 4.6% in April while payrolled employment has fallen sharply since, according to official figures covering the period when budget tax hikes on businesses came into effect.
700
NatWest banking app experiences outage, leaving thousands unable to access their money
Thousands of people are struggling to log in to their NatWest banking app, leaving some unable to pay for food.
722
Sports Direct could face fines: store misleads customers with fake discounts
Sports Direct’s use of recommended retail prices (RRPs) could be breaking the law and misleading customers, a Which? investigation has found.
813
“Millionaires shouldn’t get subsidies”: UK government plans changes to heating payments
“Millionaires” should not get “subsidy for their energy bills from the Government”, a Treasury minister has suggested.
1096
Starling admits some Covid loans were issued without checks — bank’s profit drops by 25%
The digital bank Starling has suffered a 25% drop in annual profits and said it would turn down government guarantees on £28m of Covid loans losses after conceding its own weak controls were to blame.
727
Thames Water fined record £122 million for sewage spills and illegal dividends
Even though Thames Water’s chief executive Chris Weston informed MPs that the company’s continued existence as a private entity depended on leniency from Ofwat, the regulator has imposed nearly the highest permissible fine.
696
£18 not the limit: TfL plans annual increase of central London congestion charge
London’s congestion charge is set to increase from £15 to £18 next year under the plans announced today.
850
Over 1,500 NHS top managers received six-figure salaries — even in hospitals with the worst performance
1,557 senior NHS managers received a six-figure salary in the year 2023-24, including many in charge of underperforming hospitals.
692
Pakistan dedicates 2,000-MW energy capacity to bitcoin mining
Pakistan is channeling 2,000 megawatts of electricity into bitcoin mining and AI data centers, aligning with its efforts to legalize crypto and boost investment.
975
Behind the curtain: Trump’s extravagant multimillion-dollar cryptocurrency dinner
Trump gathered about 200 wealthy cryptocurrency owners at his golf course in Washington D.C.
821
EU contemplates removing 20 banks from SWIFT in new sanctions against Russia
The European Union is considering cutting more than 20 banks from SWIFT and lowering price cap on Russian oil
715
Trump threatens 25% tariff on Apple if iPhones are not manufactured in US
Donald Trump has threatened to put a 25% tariff on Apple products unless iPhones are manufactured in the US
747
Typical energy bill to drop 7% from July, but many households still face hardship
Regulator Ofgem reduces the price cap on gas and electricity charges following a decrease in gas market prices throughout Europe
1038
Teachers, doctors and prison staff to get 4% raise: government approves new salary bonuses
The government has announced a number of public sector salary boosts, including a 4% pay rise for teachers and doctors.
899
Cyberattack to cost Marks & Spencer £300 million and cripple online sales until July
Marks and Spencer has said disruption from a major cyber attack is expected to continue through to July and reduce operating profits by around £300 million before action to offset the hit.
910
Bonuses from bankruptcy: Thames Water tried to pay hundreds of thousands for “failure”
Environment Secretary makes announcement after the company’s chair said he ’may have misspoken’ to MPs.
806
“They’re turning us into criminals”: carers drowning in debt as oversight system collapses
Overpayments because of official failures led to debt and misery for hundreds of thousands of people
832
Britons promised 7% cut in energy bills starting July
Millions of households will benefit as household energy bills are set to fall by around 7% according to new forecasts.
697
Poundland to be sold for just £1 amid store closures and thousands of UK jobs at risk
Poundland is feared to be about to disappear from Britain’s high streets as its stores could be sold for a nominal fee in the near future owing to an "increasingly difficult" landscape
742
VE Day, tariffs, and major concessions: what’s behind the “historic” US–UK trade deal
UK Prime Minister Keir Starmer has commended US President Donald Trump for a trade agreement between the two allies, describing it as ‘truly historic’.
844
UK and India sign historic £42.6 billion trade deal — tariffs cut, imports expanded
The UK and India have reached a trade agreement that will facilitate the export of whisky, cars, and other products from the UK to India, while reducing taxes on India’s clothing and footwear exports.
867
Co-op paralysed: cyberattack leaves shelves empty and customer data in hackers’ hands
Co-op customers are encountering empty shelves following a massive cyber attack that has impacted supermarket stock levels nationwide.
753
Unilever to invest $1.5 billion in Mexico amid Trump’s trade war
British consumer goods giant Unilever said Friday that it would invest $1.5 billion in Mexico, which is wooing foreign companies in the face of US President Donald Trump’s trade war.