Twitter sued Elon Musk last night for violating his $44 billion deal to purchase the social network and asked a Delaware court to force the world’s richest man to complete the takeover.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Finance experts and past chancellors attack Tory leadership challengers’ race to slash taxes
Leading economists, two former Conservative chancellors and the former head of the Treasury turned on Tory leadership rivals yesterday, accusing them of unwisely promising billions of pounds in unfunded tax cuts.
British Business Investments commits £20m to TDC’s Impact Fund
British Business Investments has announced a cornerstone commitment of £20 million to Tosca Debt Capital’s (TDC) Impact Fund.
MPs approve controversial plans to let agency workers cover for striking staff
Ministers have approved controversial plans to allow agency workers to replace striking workers, voting through the regulations on Monday night by 289 votes to 202.
Bernie Ecclestone charged with fraud over £400m overseas assets
Former Formula One boss Bernie Ecclestone will face charges of fraud by false representation after an investigation by UK tax authorities that allegedly found undeclared assets worth more than £400m overseas.
UK warehouses filling up at record rate
A record amount of space in big warehouses was taken up in the first half of this year, confounding fears that Amazon’s decision not to expand so quickly would leave a big hole in the market.
Staff walk out at 114 Crown Post Offices today over worker pay
Over one hundred Crown Post Offices will be disrupted by strikes today after workers voted in favour of a staff walk out over pay.
Employment levels defy slowing economy
Companies have reported their highest employment levels since before the pandemic, underscoring the strength of the labour market even as the broader economy slows.
Millions of Brits cut back on their spending
One in six households face serious financial difficulties and are cutting back on their spending and energy use, adding 1.6 million people to the total of those suffering from the crisis in the cost of living, according to research.
UK exports are hampered by cargo costs
Record shipping costs are hurting the ability of British companies to export outside the European Union, dampening one of the apparent benefits of Brexit, a leading consultancy has warned.
Elon Musk walks away from $44bn bid for Twitter
Elon Musk has moved to terminate his $44 billion takeover of Twitter, walking away from a bid that had faced growing scepticism on Wall Street.
Germany begins energy rationing as gas prices spike
Economy minister Robert Habeck last month activated the second stage of the country’s gas emergency plan, but he warned on Tuesday that the situation could continue to deteriorate.
“We have to be prepared for the situation to become critical,” he said.
Germany’s largest residential landlord Vonovia has now told residents it will lower the temperature of its tenants’ gas central heating to 17 degrees between 11pm and 6am.
Local authorities in Lahn-Dill near Frankfurt have said they will begin cutting off hot water in its 86 schools and 60 gyms from mid-September, while Düsseldorf has temporarily closed down a major public swimming pool complex.
Sainsbury’s rejects living wage move
Sainsbury’s has seen off an attempt by a group of shareholders to force it to commit to paying the so-called real living wage to all staff.
Brits ditch costly subscriptions en masse due to fast-shrinking budgets
New figures out this morning show that the growth of the “subscription economy” is stalling rapidly as living costs squeeze household budgets and people return to pre-coronavirus pandemic routines.
UK dairy farmers warn of price rises amid chronic staff shortages
Dairy farmers are warning that a chronic shortage of workers is hitting milk production and further fuelling food price inflation, and are calling for urgent action to stop the situation getting worse.