Business and Economics
Business and Economics News
Billionaire Elon Musk completes Twitter takeover
The world's richest man, Elon Musk, has completed his $44bn (£38.1bn) takeover of Twitter, according to US media and an investor in the firm.
Shell records £8bn profit as Britons face blackouts and rising bills
Shell also announced that it would return a further £3.4 billion to shareholders in what has come as a shock to those struggling with bills.
UK economic outlook downgraded by ratings agency following political instability
Moody’s said the change in outlook was driven by ‘heightened unpredictability in policymaking’.
Proposals to bring in four-day working week clears first Commons hurdle
It is “time for change”
Chancellor on ‘last commercial flight’ out of Washington as expectation of major U-turn grows
Kwasi Kwarteng cancelled appointments at the IMF to fly home for urgent talks with Liz Truss.
British exports to EU tumble by £300m in August
"Trade in a Brexit-less multiverse would be booming", one logistics expert said.
Bank warning sends pound tumbling
And to top it off, the UK economy shrank unexpectedly in August by 0.3 per cent on the previous month.
New labour figures show PM is a ‘card-carrying member of her anti-growth coalition’
A whopping three-quarters of UK businesses have been struck by labour shortages, a damning new survey has found.
Kwarteng is putting UK’s reputation for stability at risk – Moody’s
"If this was a Labour Chancellor every national newspaper would be calling for his resignation," Peter Stefanovic said.