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WWEX Group and Auctane Complete Merger, Creating Leading Logistics Provider ShipStation Global
WWEX Group, a leading third-party logistics provider of parcel and freight services, and Auctane, a global technology company known for products including ShipStation, Stamps.com, Metapack, and Packlink, today announced the successful completion of their merger. The combined company will operate as ShipStation Global and is backed by Thoma Bravo, the world’s largest software-focused investment firm. CVC Funds and other existing WWEX Group investors retain a significant minority stake in the com...
Universal credit fraudster continued claiming DWP benefits while not living in the UK
A universal credit fraudster continued claiming Department of Work and Pension benefits whilst not living in the UK.Jeff Chandler, 48, of Willow Drive in Setchey, near King's Lynn, pleaded guilty to dishonestly failing to notify the Department for Work and Pensions (DWP) of a change in his circumstances.Chandler was not eligible for the benefit as he was no longer living in the UK between March 2022 and January 2023, but continued to claim the benefit throughout that period.He was sentenced at S...
Australia’s 178 billionaires are $25.7bn richer than last year as 3.7 million live in poverty
Oxfam finds the 20 richest Australians now hold more wealth than the bottom 3 million households, analysis shows Get our breaking news email, free app or daily news podcastThe wealth of Australia’s billionaires increased by $25.67bn in the past year, equivalent to almost $50,000 a minute, according to new Oxfam Australia analysis of the 2026 Australian Financial Review Rich List.The anti-poverty organisation said the total wealth of Australian billionaires in 2026 has reached more than $686bn, w...
New UK Government 'jet fuel shortage' update after airport disruption
New UK Government 'jet fuel shortage' update after airport disruptionThere were problems at the weekend Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Steven Smith, Content Editor 15:01, Mon, Jun 1, 2026 Updated: 15:05, Mon, Jun 1, 2026 There were some issues at two UK airports (Image: Dushlik via Getty Images)The UK Government has released an update following jet fuel supply disruptions over the weekend,...
Petrol drivers face £123 monthly fuel bill in June
Analysis has shown that the average monthly fuel cost for petrol drivers is increasing this month
UK government issues 'jet fuel shortage' update after weekend issues
There were problems at two UK airports
Imagining a world without a safe asset
No corner of finance would be left untouched
The special role of the Treasury market is in peril
Government debt, inflation and unpredictable policymaking are putting the world’s most important asset under threat, argues Mike Bird in a special report
Foreign demand for American government debt is becoming much less reliable
A once-vital source of funding for the Treasury market is drying up
Like it or not, hedge funds are a permanent part of the Treasury market
As interest from other buyers dwindles, the trade in Treasuries increasingly relies on risky investors
Partners in prime: The Fed and Treasury’s new relationship
Scott Bessent and the new Fed chair have talked about co-ordinating their work
Could something replace the Treasury market?
The alternative assets are too small, fragile or limited in nature to match the usefulness of American debt
Neither banks nor stablecoins will rescue the Treasury market
More involvement from banks and crypto firms in the Treasury market is a good thing. Neither will outrun immense issuance
Wise investigated in Belgium over money-laundering control concerns
International money transfer service’s shares tumble as it confirms discussions with prosecutor’s officeBusiness live – latest updatesWise, the UK-based international money transfer service and darling of the London fintech scene, has confirmed it is answering questions from Belgian prosecutors investigating money laundering, sending its shares tumbling.In a statement to the stock market, Wise said it was “currently working with the Brussels prosecutor to respond to queries about our business, a...
Why the world’s most ambitious coal phase-out deal has failed – and what it means for climate finance
In December 2025, Indonesia quietly abandoned plans to close the Cirebon-1 coal power plant. This was no ordinary power plant. Cirebon-1 was supposed to be the centrepiece of a US$21.4 billion (£16.5bn) international deal backed by the US, UK, Japan and the EU to help Indonesia end coal use. Indonesia’s so-called Just Energy Transition Partnership, or Jet-P, was launched at a G20 summit in Bali in 2022. Similar deals have been struck with South Africa, Vietnam and Senegal. They are widely reg...
Billionaire Barry Diller Will Wants MGM Resorts For $18B, Report Says
BreakingBusinessBillionaire Barry Diller Will Wants MGM Resorts For $18B, Report SaysByMary Whitfill Roeloffs,Forbes Staff. Mary Roeloffs is a Forbes breaking news reporter covering pop culture.Follow AuthorJun 01, 2026, 09:28am EDTToplineBillionaire online media mogul Barry Diller is reportedly set to make a $48.30-per-share cash offer for MGM resorts through his company People Inc. in a deal that would value MGM at $18 million. The MGM Grand Hotel and Casino on Feb. 20, 2020 in Las Vegas, Neva...
Barry Diller launches $18bn takeover offer for MGM Resorts
Casino resort group’s shares jump 14% after media veteran announces take-private plan
Grid costs and clean energy subsidies to hit £40 BILLION a year
Clean energy subsidies and grid costs will hit £40billion a year by 2030, an analyst predicts. This £20billion increase from last year’s prices is equivalent to around £700 per household, according to a paper from think tank, the Institute of Economic Affairs.OBR figures show clean energy subsidies, which include wind and nuclear, will increase from £11.8billion a year to £15.2billion, the IEA paper found.Meanwhile, integration costs – which include connecting the grid to renewable projects and...
Chinese car brand targets 'long-term sustainable growth' with bold UK plans for 2030
A new Chinese car brand has confirmed that its UK launch continues to gain steam with the opening of its retail partners today.Aion has announced that its retail partners will be opening across the UK from June 1, with its flagship model, the Aion V electric car, available immediately.Jon Wakefield, managing director of Aion Auto UK, welcomed joint venture partners GAC International and Jameel Motors to the brand's headquarters outside of London.Aion welcomed the likes of Jack Chen, Vice Preside...
Wise under investigation over money laundering control concerns
Wise under investigation over money laundering control concernsJust nowShareSaveAdd as preferred on GoogleDaniel ThomasBusiness reporter Jaque Silva/NurPhoto via Getty ImagesWise said it had 19 million customers last year UK money transfer company Wise is being investigated over suspicions criminals used its accounts for money laundering, Belgian prosecutors have told French media.Wise said it was working with the Brussels prosecutor's office but that "no specific findings have been shared with...