Category

Business

The latest published reporting in this category.

Finance

KKR and RWE are rich firms. Why do they need a UK state loan for their windfarms? | Nils Pratley

National wealth fund is to lend £1bn towards the Vanguard projects – but whether the private equity giant needed help is debatable “This major investment in UK renewables is a vote of confidence for building in Britain,” declared the prime minister. Andy Burnham is obviously correct that the two Vanguard windfarms off the coast of Norfolk are huge investments. Together, they require almost £13bn of debt financing. But he can’t claim they represent a fresh expression of confidence. The project has been on the runway since the German utility RWE, the developer, was awarded a contract to build th

The Guardian
Read more
Politics

Ministers tell showbiz industry to improve protections after Walliams allegations or face regulation

Culture secretary Lisa Nandy expected to meet leaders from TV, film and publishing and could legislate if voluntary action is deemed insufficient Ministers have given the entertainment industry an ultimatum to bring in better protections for women and children or face government action after the allegations about David Walliams and the conviction of Russell Brand. The culture secretary, Lisa Nandy, is expected to meet industry leaders next week, taking in representatives from TV, film, publishing and potentially sport. Continue reading...

The Guardian
Read more
Crypto

OKXICE Sets Tokenized Stocks Launch Following Mass Company Objections

OKX and Intercontinental Exchange’s tokenized securities platform will debut later this month with more than 70 assets, including stocks from crypto-native firms Coinbase, Circle, and Strategy, alongside dozens of exchange-traded funds. The OKXICE TSV Gears Up for Launch OKXICE, the joint venture between cryptocurrency exchange OKX and New York Stock Exchange (NYSE) owner Intercontinental Exchange […]

Bitcoin.com News
Read more
Military

Labour MPs warn against weakening electric vehicle targets ahead of crunch talks

Exclusive: Cutting 2030 goal would be a ‘step backwards’, say MPs, as ministers clash over proposed reductions Labour MPs are urging the government not to weaken its electric vehicle targets as divided cabinet ministers prepare for a crunch meeting on Thursday to thrash out a compromise. Members of the climate and nature crisis caucus (CNCC) say ministers must not water down a legal requirement for carmakers to ensure that 80% of the vehicles they sell in 2030 are electric, saying doing so would be a backward step and “shortsighted”. Continue reading...

The Guardian
Read more
Finance

Air traffic control boss says he was ‘most disliked person in the UK’ after flight chaos

Nats chief says he ‘quite enjoyed’ ignoring calls from Ryanair CEO to quit over system outages in September The boss of Nats has said he was “the most disliked person in the UK” after air traffic control systems failed twice in September, disrupting flights for hundreds of thousands of passengers. He told an aviation industry conference: “My name is Martin Rolfe, I’m the CEO of Nats – or as I like to think of myself, the most disliked person in the UK in September.” Continue reading...

The Guardian
Read more
Finance

Diesel still costing close to a ‘dismal’ £2 a litre despite oil price falls

Pump prices stay stubbornly high as leading bank official warns energy costs are likely to remain ‘elevated’ The price of diesel on UK forecourts remains stubbornly close to October’s record high of £2 despite a sharp fall in oil prices. A litre costs an average of 197p, according to the AA, which described the situation as “dismal”. By contrast, petrol has fallen 6p to 168p from the peak of 174.7p in early October. That was the highest level since August 2022. Continue reading...

The Guardian
Read more