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Elon Musk’s Trillionaire Status Threatened as SpaceX Shares Plunge Amid Market Volatility

Elon Musk’s wealth falls below $1.1tn after SpaceX shares drop 16%. Segro rejects £12.6bn takeover bid amid real estate rally. Oil prices hit lowest since Iran conflict began. German and French economies show signs of recovery.

8 min read

A billboard of SpaceX pictured on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City

Trump Orders DOJ Probe into Alleged Petrol Price Gouging by Oil Firms

President Trump has ordered the DOJ to investigate major energy firms for allegedly not lowering petrol prices in line with falling crude oil costs amid Middle East tensions.

2 min read

President Donald Trump speaking on stage during a press conference at the G7 Leaders' Summit

Beach Hut Without Utilities Listed for £200,000 in Abersoch

A beach hut without power or water in Abersoch is on sale for £200,000, near the average Welsh house price. Rebuilt in 2023, it offers basic shelter and ownership of part of the beach, attracting strong interest despite its limited amenities.

3 min read

Blue beach hunt with a white double door entrance and wooden decking, and wooden stairs leading down to the beach. The hut is in a row of other beach huts

Australia Politics Update: KPMG Ethics Review and Inflation Drops to 4%

The Albanese government launches an ethics review of KPMG amid whistleblower issues; inflation eases to 4% in May. Political leaders debate multiculturalism, AI copyright, shark safety, workplace laws, housing market corrections, and NDIS reforms.

13 min read

Alibaba Files Lawsuit Against US Over Pentagon Blacklist Inclusion

Alibaba has sued the US government to challenge its inclusion on a Pentagon blacklist alleging links to the Chinese military, calling the designation "arbitrary and capricious." The lawsuit follows the Pentagon's expansion of its blacklist to include major Chinese tech firms.

3 min read

A Decade Later: Unpacking Brexit’s Economic Impact on UK Trade and Investment

A decade after Brexit, UK trade and investment data reveal significant economic shifts, including reduced exports to the EU, business investment declines, and ongoing challenges for smaller exporters amid global disruptions.

10 min read

Treated images showing British and EU flags, below is a black and white image of the skyline of the city of London

Economic Challenges Await the Next UK Prime Minister

Andy Burnham is poised to become the UK's seventh prime minister in a decade, facing persistent economic challenges including fiscal constraints, stagnant living standards, rising welfare costs, and housing shortages.

5 min read

Andy Burnham wearing a black jacket with a black t-shirt talking to an audience with a black background behind him

Meta Pauses Employee Tracking Program for AI Training Amid Privacy Concerns

Meta has paused its employee computer usage tracking program for AI training after privacy concerns and internal backlash, amid broader dissatisfaction linked to layoffs and AI-focused reorganizations.

3 min read

Mark Zuckerberg, wearing a white collared shirt while sitting in a crowd at the recent UFC event at the White House.

Tech Stocks Slide Amid Doubts Over AI Spending Sustainability

Tech stocks fell sharply amid doubts about the sustainability of AI-driven market valuations. The Nasdaq dropped 2%, chipmakers declined, and SpaceX shares showed volatility post-IPO. Analysts remain divided on whether this is a pause or a larger tech market retreat.

3 min read

In the left corner, a bald male trader, and a woman with auburn hair, also a trader, in the middle, holding a pen and writing into a notebook, on the floor of the New York Stock Exchange.

Scotland Excludes Vape Shops from Business Rates Relief Amid Review

Scotland will exclude vape shops from business rates relief starting April 2027 amid an independent review of tax calculations following steep hikes affecting many firms.

4 min read

A brightly-lit sign reading "vapes" in a shop window

Millions in UK Eligible for £3bn Apple iCloud Compensation Claim

A UK class action lawsuit against Apple over iCloud services may allow 40 million users to claim part of a £3bn compensation fund if successful.

3 min read

Valve Launches Steam Machine at £879 Amid Rising Component Costs

Valve launches the Steam Machine at £879, citing rising hardware costs. Prices reflect increased RAM and storage expenses amid a broader industry trend of price hikes in 2026.

4 min read

Steam Machine sits on a wooden desk. Someone's hand is typing on a keyboard, in front of a PC monitor, beside it.