Business

Britain must stick to its plan to stop selling new full hybrid cars without a plug from 2030 or risk a “catastrophic misstep” that undermines its net zero ambitions, the motoring group Electric Vehicles UK (EVUK) has warned. The Department for Transport (DfT) will ban the sale of purely petrol and diesel cars from 1 […]

Nick Clegg, the former British deputy prime minister, has stepped down from his post as president of global affairs and communications at Meta, having sold almost $19m (£15m) worth of the tech giant’s shares during his six-year tenure. Clegg, 57, still retains close to 39,000 Meta shares, worth around $21m at the current market price.

Sterling has tumbled to its weakest level since April following stark warnings from an influential survey that Britain may be on the brink of an industrial recession. The pound dropped by 1pc against the dollar on Thursday, slipping below $1.24, amid growing concerns that the UK economy is faltering. In stark contrast, optimism is rising

Jeff Bezos is gearing up to launch Amazon’s satellite broadband service in Britain, marking a significant challenge to fellow billionaire Elon Musk. Regulatory filings show Amazon’s Project Kuiper plans to beam internet connectivity from space to UK customers—including businesses and government users—as early as this year, signalling intensifying competition in the nascent but increasingly crowded

Fashion retailer New Look is preparing to accelerate store closures as a result of Labour’s tax-raising budget, while “Chicken King” Ranjit Boparan battles to pass higher costs on to supermarkets—signalling further pressure on UK businesses across multiple sectors. Around a quarter of New Look’s 364 British outlets are understood to be at risk of closure

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Looming tax increases and ongoing cost pressures are sending a “winter chill” through Britain’s factories, as new data reveals the weakest manufacturing growth in 11 months. The final S&P Global purchasing managers’ index (PMI) for December slipped to 47—down from 48 in November and below an earlier estimate of 47.3—pushing the reading further into contraction

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Hybrid working is the new norm, blending the best of remote and in-office work. But while the flexibility is great, the financial balancing act can be tricky. From home office setups to commuting costs, hidden expenses need relief. Enter tax breaks, your financial cushion for this modern work arrangement. Let’s unpack the juicy benefits you

Apple has pledged to pay $95 million (£77 million) to settle a US class-action lawsuit alleging that Siri, its virtual assistant, recorded private conversations without users’ consent. The proposed settlement, filed in a federal court in Oakland, California, comes after a five-year legal dispute and covers tens of millions of Apple device owners. Although Apple