61 minutes ago Northvolt chief resigns a day after battery maker collapses into bankruptcy

Europe’s best-funded start-up raised $15bn but was left with just $30mn in cash

Politics

79 minutes ago Northvolt files for bankruptcy protection in blow to Europe’s EV ambitions

Swedish maker of battery cells for electric vehicles says it has enough cash to support operations for only a weekBusiness live – latest updatesNorthvolt, the Swedish maker of battery cells for electric vehicles, has filed for Chapter 11 bankruptcy protection in the US, dealing a blow to Europe’s hopes that its most developed battery player would reduce western carmakers’ reliance on Chinese rivals.Northvolt said it had enough cash to support operations for only about a week and it had secured $100m (£80m) in new financing for the bankruptcy process. It said operations would continue as normal during the bankruptcy. Continue reading...

Politics

2 hours ago Drug dealer snared by cops after taking "unusual route" round Paisley streets avoids jail

Thomas Barclay raised cops suspicions when he drove his BMW through Paisley streets following an “unusual route”.

Events

2 hours ago Enjoy Christmas in moderation: ‘Made to be Measured’ campaign encourages mindful alcohol consumption

The Scotch Whisky Association (SWA) is highlighting the importance of measuring drinks at home. The goal - to encourage Scots to enjoy their festive celebrations by drinking responsibly at a time of often overindulgence and being mindful of the Chief Medical Officers’ (CMO) guidelines

Politics

3 hours ago Budget hammer blow to shops: Retail sales slumped 0.7% last month as jittery Brits feared huge Labour tax raid

Retail volumes were down by 0.7 per cent, far more than expected, as consumers waited for Chancellor Rachel Reeves to drop the hammer.

Economics

3 hours ago British households’ energy bills will rise by 1.2% in January – business live

Rolling coverage of the latest economic and financial newsWhat is the energy price cap and can I cut my bill?Citizens Advice fears that households with children and those on lower incomes will struggle to keep warm this winter:Alex Belsham-Harris, head of energy policy at Citizens Advice says: “Energy prices remaining relatively stable over winter will offer cold comfort to millions across the country already struggling to afford bills. It comes as people are falling further and further behind on their energy bills, with the amount owed to suppliers now a record £3.7 billion.“As colder weather sets in, we’re particularly worried about households with children and those on lower incomes, who are most likely to struggle with their heating costs.“The decision to introduce a price cap chang...

Society

3 hours ago Wandsworth Council approves plans for 54 new homes despite locals' concern about overcrowding

Residents raised concerns about the scheme, including over the loss of storage space in the garages and potential parking issues

Politics

3 hours ago Lanarkshire siblings heading to Nepal on trip of a lifetime to Everest Base Camp

Julie and Archie MacConnell, who grew up in the Whitehill area of Hamilton, will be heading to the world’s largest mountain early next month to raise funds for Leukaemia Care.

Politics

4 hours ago 'Don't call the police or I'll shoot you': Tesco worker feared for her life after toy gun

Michael Wilde has been declared a 'dangerous' criminal

Events

4 hours ago Foreign Secretary vows to ‘do everything that is necessary’ to help Ukraine

The head of the UK’s armed forces, Chief of the Defence Staff Admiral Sir Tony Radakin, met Volodymyr Zelensky in Kyiv to discuss the war on Thursday.

Politics