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City & Guilds Executives Awarded Themselves Millions in Unauthorized Bonuses, Report Finds

An internal investigation found City & Guilds executives Kirstie Donnelly and Abid Ismail awarded themselves nearly £3m in unauthorized bonuses after the charity's £166m sale, prompting legal action and a Charity Commission inquiry.

4 min read

Pre-Crisis Oil and Gas Supply Recovery Months Away Despite Strait of Hormuz Reopening

Following a US-Iran peace deal, oil prices dropped as the Strait of Hormuz prepares to reopen. However, full recovery of oil and gas supplies is expected to take months due to logistical and geopolitical challenges.

4 min read

Fox to Acquire Roku in $22 Billion Deal Creating Major US TV Player

Fox is acquiring Roku in a $22 billion deal to become the third largest US TV player by viewing share, combining streaming with live news and sports.

1 min read

European Stocks Soar to Record as US-Iran Peace Deal Lowers Oil Prices

European stock markets hit record highs as the US-Iran peace deal eases geopolitical tensions, leading to lower oil prices and improved market sentiment worldwide.

7 min read

Gina Rinehart Makes Major Investment in Elon Musk’s SpaceX Following IPO

Gina Rinehart’s Hancock Prospecting made a significant investment in Elon Musk’s SpaceX following its record-breaking IPO, expressing confidence in Musk and interest in AI collaboration.

4 min read

Oil Prices Drop as US-Iran Peace Deal Raises Hope for Hormuz Strait Reopening

Oil prices fell below $84 as a US-Iran peace deal raises hopes for reopening the Strait of Hormuz, easing the energy supply crisis despite complex negotiations ahead.

4 min read

Oil Prices Drop After Pakistan Mediates US-Iran Deal to Reopen Strait of Hormuz

Oil prices fell after Pakistan announced a US-Iran deal to reopen the Strait of Hormuz, easing tensions in a key energy shipping route. Experts warn recovery may take weeks to months due to mine clearance and tanker backlogs. Asian markets rose on the news.

2 min read

US Business Owners Increasingly Sell Companies to Employees Amid Retirements

As many US business owners approach retirement, a growing number are selling their companies to employees through schemes like EOTs and ESOPs, preserving jobs and company legacies while navigating complex ownership transitions.

5 min read

UK and Japan Seal £18bn Investment Deal to Boost Jobs and Growth

The UK and Japan have agreed on an £18bn investment deal focusing on infrastructure, offshore wind, and technology, aiming to create jobs and boost economic growth amid current challenges.

3 min read

How Watching World Cup Matches at 2am Can Help Cut UK Energy Bills

UK households can reduce energy bills by running appliances during off-peak hours, especially during late-night World Cup matches. Time-of-use tariffs offer savings but require smart meters and flexible usage.

4 min read

Elon Musk Becomes World's First Trillionaire Following SpaceX IPO

Elon Musk became the world's first trillionaire after SpaceX's IPO, with a net worth of $1.11tn, surpassing other billionaires. His wealth, mainly in Tesla and SpaceX stocks, has fluctuated dramatically over six years, reflecting shifts in markets and politics.

3 min read

Teen Earns £35,000 Reselling Vintage Football Shirts, Aims for Debt-Free Degree

Eleri Williams, 18, turned reselling vintage football shirts into a £35,000 business, enabling her to plan a debt-free law degree at Cardiff University.

4 min read