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Britain faces more than a DECADE of high energy bills: 'Not sustainable!'
Britain faces more than a decade of high energy bills, a leading economist has warned. The UK already has some of the most expensive electricity in the developed world, with industrial prices up to four times higher than in parts of the US. Sir Dieter Helm, Professor of Economic Policy at the University of Oxford, said, because of the contracts system for renewables, the country was locked into high costs until at least 2040.“The economy can’t stand it,” he warned, and said it was “not sustainab...
Canadian Drugmaker Apotex Files For Toronto IPO
Canadian generic drugmaker Apotex Health Corp. filed for an initial public offering in Toronto, it said in a statement on Thursday.
UK recruitment firm collapses with £4.5m debts
UK recruitment firm collapses with £4.5m debtsThe company's directors pointed to 'extremely challenging market conditions' and major clients launching mass redundancies. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Eleanor Burleigh 18:24, Thu, May 28, 2026 Updated: 18:30, Thu, May 28, 2026 The recruitment firm appointed administrators earlier this month (Image: Getty)A UK-based recruitment firm has coll...
Unfair childcare eligibility criteria and the ‘nerd tax’ | Letters
Jamie Evans questions the exclusion that means his family will not be able to claim £8,000 of support while his wife is a PhD studentThe education secretary, Bridget Phillipson, is right to order a Competition and Markets Authority review of hidden childcare charges (Report, 24 May). However, she would do well to also review her department’s own eligibility criteria for accessing 30 hours of funded childcare in the first place. One particularly egregious exclusion is that of PhD students, who mi...
US, Iran Truce Hopes Lift Stocks | Open Interest 5/28/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks climb on reports the US and Iran may extend their truce, pending President Trump’s backing. Software splits as Salesforce disappoints, while Snowflake surges on AI demand. Plus, Goldman’s Ben Snider joins Bloomberg Open Interest on his higher S&P target, Sridhar Ramaswamy, the CEO of Snowflake gives his outlook, Miriam Wheeler calls AI a "generational opportunity” and Kayak’ CEO Peer Buel...
Citadel Securities’ Rubner Says Stocks Pain Trade Points Higher
The “pain trade” in US equities is for prices to keep rising even after a double-digit surge over the past two months, according to Citadel Securities’ Scott Rubner.
PIP benefits set to be overhauled to push young claimants into work
The disability benefits system faces being overhauled to support young claimants into work, the Government’s joblessness tsar has indicated. Alan Milburn, who is conducting a review of young people not in education, employment or training (Neet), indicated that personal independent payments (PIP) should be reformed so it is not purely based around cash help, but provides targeted support to help jobless claimants into work. Milburn signalled the coming shake-up with the publication on Thursday...
Tilman Fertitta’s Years-Long Pursuit of Caesars Is Paying Off
Real estate mogul Tilman Fertitta’s years-long quest to buy Caesars Entertainment Inc. is finally paying off: His firm struck a $5.7 billion, all-cash deal for the Las Vegas company on Thursday that will add some 52 casinos in the US to his entertainment empire. Fertitta’s pursuit of Caesars dates as far back as 2018, when the owner of the Golden Nugget casinos approached the company about a possible merger. Fertitta had borrowed heavily to buy the Houston Rockets basketball team for $2.2 bill...
Iranian dissident news network received £650mn of debt relief
Finances of UK-based broadcaster Iran International, a leading platform for opposition to regime, shored up by shareholders
Major UK charity collapses into liquidation – £430k in debt
Major UK charity collapses into liquidation – £430k in debtThe non-profit cited a 'challenging and turbulent' economic environment for the 'shock' closure, which has left 30 staff members without a job. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Eleanor Burleigh 17:46, Thu, May 28, 2026 Updated: 17:51, Thu, May 28, 2026 The charity appointed liquidators earlier this month (Image: Getty)A major UK char...
Consumer Sentiment Hits Record Low—Economy Stays Solid
LeadershipLeadership StrategiesConsumer Sentiment Hits Record Low—Economy Stays SolidByBill Conerly,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Bill Conerly connect the dots between the economy ... and business!Follow AuthorMay 28, 2026, 12:45pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Pumping gas at gas pump. gettyConsumer sentiment has dropped to record lows, but the ec...
$90,000 CD vs. $90,000 high-yield savings account vs. $90,000 money market account: Here's which will earn more in one year
MoneyWatch: Managing Your Money $90,000 CD vs. $90,000 high-yield savings account vs. $90,000 money market account: Here's which will earn more in one year We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing...
Trump's face could appear on US $250 bill
US President Donald Trump could soon appear on a new $250 bill, in the Republican’s latest move to shatter US traditions by putting his personal stamp on national institutions. A proposal for the new bill, featuring a glaring Trump, was reported on Thursday by The Washington Post. If carried out, it would be the first time the image of a living person — let alone a president — had appeared on US currency in a century and a half. The design mock-up obtained by The Washington Post also shows the w...
'Lost generation’: why can’t young people get jobs? – The Latest
A landmark government-backed report has warned that the UK risks a ‘lost generation’ of young people, as new figures show that more than 1 million 16- to 24-year-olds in the UK were not in education, employment or training.The former Labour cabinet minister Alan Milburn said youth disengagement was a mounting economic risk to the country, and urged a fundamental reset of policy covering schools, the health service and the welfare state. Lucy Hough speaks to the Guardian’s senior economics corres...
The Exact Method Illegal Online Betting Networks Use To Cash In On IPL
From Telegram links and WhatsApp forwards to direct promotional calls, betting platforms are aggressively targeting users during the IPL season, luring them in with bonus offers, referral schemes and easy sign-ups
Alan Milburn is right, a young generation has been betrayed. Forget Tony Blair: we must attend to this | Polly Toynbee
The new and excoriating account of the dire prospects for UK young people is a call to action. It could be the Beveridge report for our time The diagnosis is dire. Alan Milburn has published the first part of his forensic report on the lives and chances of young people, their fate after leaving school or college, the inadequacy of their health, education and pastoral care, and the reluctance of employers to hire them. This is a “moral crisis”, he says. There are now more than a million young peo...
Microsoft Partner IREN Borrows $3.6 Billion for Nvidia Chips
IREN Ltd., a company that builds and operates data centers for training artificial intelligence models, borrowed about $3.6 billion to provide computing capacity to Microsoft Corp.
Can your Social Security be garnished after age 70?
MoneyWatch: Managing Your Money Can your Social Security be garnished after age 70? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits...
Petrobras Hikes Gasoline Prices After Brazil Subsidies Approved
Brazil’s oil producer Petrobras is increasing domestic gasoline prices for distributors after the government approved new subsidies to shield consumers from Iran war-fueled crude price hikes.
FTSE 100 slumps as US strikes test peace optimism
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