3 d. ago Birmingham City Council declares major incident over bin strike: Chaos as 17,000 tonnes of waste remains uncollected as picket lines block rubbish trucks at depots

Members of the Unite union in Birmingham are holding an all-out strike which has led to rubbish piling up in the streets.

Events

3 d. ago CEO Jack Dorsey's background as his finance company Block lets go of 1,000 employees

The previous owner of X says the mass job losses are not for financial reasons or because of greater use of AI

Economics

9 d. ago Ugo Monye has bankruptcy petition over £200k unpaid tax bill withdrawn after HMRC admits it 'can't find' his address

Presenter Monye, a former England and British & Irish Lions wing, was left facing financial ruin after his company, Show Me The Monye, was liquidated.

Economics

9 d. ago Jack Dorsey’s Block to lay off nearly 1,000 workers in another reorganization

Fintech firm, operating CashApp, Square and Tidal, to close nearly 800 open jobs in second such move in just over a yearBlock, Jack Dorsey’s financial technology company, plans to let go almost 1,000 current employees, while making other changes to its operations in its second such move in just over a year.Dorsey, who co-founded and previously ran Twitter before co-founding Block in 2009, informed employees of the impending cuts on Tuesday in an email, viewed by the Guardian, titled “smaller block”. The layoffs will impact more than 930 employees, with another nearly 200 managers being moved into non-management roles, and another nearly 800 open jobs will be closed, according to the email. Continue reading...

Politics

1 week ago Rocket engine CEO accused of spending investor cash on ‘clandestine weekends’ with ‘call girls’

Exclusive: RocketStar CEO Christopher Craddock is accused of brazen financial wrongdoing, but his attorney told The Independent that the company “denies the allegations and looks forward to vindicating itself in court.”

Economics

1 week ago Startup CEO accused of spending investor cash on ‘call girls’ after financial regulators barred him from Wall Street

Exclusive: RocketStar CEO Christopher Craddock is accused of brazen financial wrongdoing, but his attorney told The Independent that the company “denies the allegations and looks forward to vindicating itself in court.”

Economics

1 week ago Grab your logo sweatshirt – Gap is making a surprise fashion comeback

Dresses from 90s brand grace red carpet after rough patch in which brand closed stores and broke tie with Kanye WestThis year’s awards season brought a surprise fashion comeback: Gap. Everyone from Timothée Chalamet and Demi Moore to Cynthia Erivo and Anne Hathaway has worn the US high-street brand on the red carpet in the past year, and this month parent company Gap Inc released its most recent financial results – with sales up 7%.Joy Montgomery, commerce editor at Vogue, describes Hathaway’s decision to wear a luxe version of a white shirt dress later sold in store, which the actor wore to a Bulgari event last year – as “a moment that the fashion world sat up and realised that something was changing”. Continue reading...

Politics

2 w. ago City law firm Herbert Smith Freehills fined over Russia sanctions breaches

The Office of Financial Sanctions Implementation fined the company £465,000 over payments to Russian banks.

Politics

2 w. ago Trump tariffs creating ‘high uncertainty’, Bank of Japan warns; Musk’s X ‘valued at $44bn again’ – business live

Rolling coverage of the latest economic and financial newsSavings and investment firm M&G has warned this morning that it faces uncertain times.In its full year results for 2024, M&G points out that:Increased geopolitical uncertainty and market volatility continue to weigh on client sentiment and pose a significant challenge to financial institutions across the globe.The Company has traded well in the first half and delivered strong profit growth. Like other operators in the sector, we face many cost headwinds that will impact us in the second half, following the recent Budget, notably the increase in national living wage and national insurance from April. We estimate that the annualised impact of these two items is £2.6m, with the incremental costs commencing in April and impacting the final quarter of the 2025 financial year.We plan to mitigate the majority of these costs over the next 18 months through price increases and cost efficiencies. Continue reading...

Economics

2 w. ago Building goes up in flames after 'dangerous' man set fire to sofa

Shocking footage shows the moment a block of flats goes up in flames causing £450,000 damage after a 'dangerous' man set fire to a sofa in Bristol.

Events

2 w. ago Pioneer fintech firm Klarna sees revenue boost as it eyes US stock market listing

Swedish company’s valuation jumped 24% in 2024 as ‘buy now, pay later’ market is projected to top $160bn by 2032The Swedish fintech firm Klarna disclosed on Friday that its revenue jumped 24% in 2024 as the “buy now, pay later” (BNPL) pioneer made public its filing for a much-anticipated US stock market listing.The company, which reshaped online shopping through its short-term financing model, drew investor attention as its valuation soared from $5.5bn to $46.5bn in just two years, fueled by three funding rounds between mid-2020 and 2021. Continue reading...

Economics

3 w. ago Rachel Reeves to visit Scotland today to announce £2bn defence boost

The Chancellor is visiting a defence company in Fife as she announces an increase to UK Export Finance's Direct Lending capacity for defence.

Economics

3 w. ago Millions of people urged to check their tax code now as they could be owed £689

A survey by financial services company Canada Life last year revealed that 31% of adults have been on the wrong tax code, and claimed back £689 on average

Economics

3 w. ago Glencore backs cobalt investment company planning to list in London

Glencore backs cobalt investment company planning to list in London  Financial Times

Politics

4 w. ago Locals go to war over fears retired businessman's plan to build new snug at his  £800,000 home in village with links to Shakespeare will block historic footpath 

EXCLUSIVE: The route just a stone's throw from the childhood home of Shakespeare's mother is allegedly under threat - from the chairman of the local parish council.

Economics