2 h. ago Musk tells US federal workers to explain what they achieved last week or be fired

‘Cruel and disrespectful’ request to employees sparks confusion across key government agenciesHundreds of thousands of federal workers have been given little more than 48 hours to explain what they accomplished over the past week, sparking confusion across key agencies as the tech billionaire Elon Musk expands his crusade to slash the size of government.Musk, who serves as President Donald Trump’s cost-cutting chief, telegraphed the extraordinary request on his social media network on Saturday. Continue reading...

Events

4 d. ago Group of Thames Water creditors lose alternative restructuring plan bid

The utility – England’s biggest water company – had a restructuring scheme involving up to £3 billion in loans sanctioned on Tuesday.

Politics

4 d. ago HSBC sets out scale of cost cuts under chief executive’s restructuring plan

Bank targets $1.5bn cut from annual cost base by next year as it reports $2.3bn fourth-quarter profit

Politics

4 d. ago HSBC sets out scale of cost cuts under new chief’s restructuring plan

UK-based lender reports $2.3bn fourth-quarter profit and says overhaul will cut its annual cost base by $1.5bn from next year

Politics

4 d. ago HSBC sets $300mn savings goal for 2025 under restructuring plan

UK-based lender reports $2.3bn fourth-quarter profit and aims to cut $1.5bn in costs by end of 2026

Economics

5 d. ago Thames Water granted £3 billion reprieve by judge weeks before running out of money

Restructuring plan allows struggling utility to keep operating until next year with £1.5bn and potentially further £1.5bn

Economics

5 d. ago Thames Water to discover if restructuring plan has been approved on Tuesday

The High Court heard several days of arguments over whether the plan should be approved earlier in February.

Politics