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BP’s Long History of Management Turmoil Makes an Unexpected Return
The sudden firing of the oil giant’s chairman raises questions about the board’s personnel decisions.
Alan Cumming: ‘I feel the hatred towards myself’
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Inside the radical festival uniting the left and right
How The Light Gets In – the philosophy festival which returns to London this September – is the best of the 2026 festivals, and offers an unrivalled opportunity for human connection ★★★★★ Picture the scene: Jeremy Corbyn and Reform UK’s head of policy are kicking back together in a field in Wales. Admittedly, they aren’t alone: people from as far afield as China, Brazil and Afghanistan have come to the world’s biggest philosophy festival to hear opposing voices engage in rational debate – or...
Hollywood Bowl boss: ‘Incredibly painful’ tax hikes make it harder to hire
The boss of Hollywood Bowl has hit out at Labour’s “incredibly painful” hikes to national insurance and the minimum wage for making it harder to employ workers. Stephen Burns, chief executive of the UK’s largest tenpin bowling operator, told City AM that Labour policy has made it “significantly more expensive to employ somebody than it ever was before.” He said: “The increases in national insurance contributions are incredibly painful for employers, [as is] the constant increase in national...
Copper Startup Quilla Is in IPO Talks Ahead of Peru Mining Expansion
Copper startup Quilla Resources Inc. is in discussions with prospective advisers about listing shares in Toronto as it weighs expansion plans in Peru.
Energy bill mistake costing Britons £248 in savings as millions brace for Ofgem price cap hike
A common energy bill mistake is costing Britons up to £248 in savings as millions brace for the upcoming Ofgem price cap hike.This morning, the UK's energy regulator confirmed the energy price cap will increase by 13 per cent to £1,862 annually from July 1, with additional rises forecast for the autumn months.Gas prices are bearing the brunt of the increase, jumping 27.7 per cent compared to a more modest 5.8 per cent rise for electricity.Under the new rates, households will pay 7.33p per kilowa...
Samsung memory chip staff in line for £310,000 bonuses after AI profit-sharing deal
Agreement shows the latest impact of AI boom as two more chipmakers join $1tn clubEmployees at Samsung Electronics’s memory chip division are to receive bonuses averaging about £310,000 each through a landmark profit-sharing agreement, as the AI boom drives up chipmakers’ profits.Fears of a strike at Samsung were averted on Wednesday after two unions for the world’s largest memory chipmaker said that 74% of the 62,616 workers who cast their votes had backed the deal. Continue reading...
US Premarket Movers for May 27, 2026
S&P 500 Index futures rise 0.3% as of 7:35 a.m. in New York as optimism around artificial intelligence, lower oil prices and easing bond yields drives bullishness.
Married federal judge repeatedly had courthouse sex with law enforcement officer, complaint alleges
A married federal judge repeatedly had sex with a law enforcement officer inside courthouse chambers while clerks worked just outside the office door, then falsely denied the affair when confronted, a judicial misconduct report alleges.Multiple clerks overheard "kissing sounds," "moaning" and other sounds consistent with sexual activity coming from the judge’s private office over a period spanning roughly two years, the judicial complaint filed in the Eleventh Circuit Court of Appeals stated.One...
Stocks Extend Highs; Paxton Defeats Cornyn in Texas Senate Runoff | Bloomberg Brief 5/27/2026
AI optimism drives US stocks to another record high. Market capitalization of SK Hynix and Micron hit $1 trillion. Texas Attorney General Ken Paxton defeated incumbent John Cornyn winning the state's GOP Senate runoff after securing an endorsement from President Trump. Ella Gude of BNY Investments Newton discusses inflation risks. (Source: Bloomberg)
TG Jones owner Modella buys Flying Tiger in latest high street swoop
Modella Capital has snapped up Flying Tiger Copenhagen in the private equity firm’s latest swoop on the British high street. The private equity firm sealed the previously trailed deal with Danske Bank and Nordea, the owners of Flying Tiger, on Wednesday. Modella bought Claire’s Accessories before shortly pushing it into administration and its empire of former WH Smith stores are on the brink of a drastic restructuring. Flying Tiger, the firm’s latest high street acquisition, operates arou...
Adani Firms Extend Rally to Recoup Losses Sparked by Hindenburg
Shares of billionaire Gautam Adani’s group companies have erased all losses triggered by a scathing short-seller report in 2023, as the conglomerate overcomes regulatory challenges.
Why it's now harder to get a Saturday job
The boss of Next has warned there has been a "dramatic fall" in the number of entry-level job opportunities in the UK.
Power to the people: how ‘balcony solar’ could help fight rising US utility costs
More Americans are using small solar panels in their back yards or balconies as a clean way to cut their electric billsIf you feel like your electricity bill just keeps climbing, you aren’t imagining it. Since 2020, US residential energy prices have surged by about 30%, making power the largest household energy expense behind gasoline, according to the US Energy Information Administration.But for residents like Alex Curtis, the days of feeling powerless against rising costs are coming to an end....
Makhlouf Says ECB Committed to 2% Goal, Won’t Comment on June
The European Central Bank is intent to get inflation back to its goal, Governing Council member Gabriel Makhlouf said, refusing to say if that will require an interest-rate increase next month.
Major UK retailer set to close 21 stores in blow to high street - 42 jobs at risk
Major UK retailer set to close 21 stores in blow to high street - 42 jobs at riskThe brand was founded in the 1980s, starting from a stall in Camden Market. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Katie Elliott, Consumer Editor 12:27, Wed, May 27, 2026 Updated: 12:28, Wed, May 27, 2026 Major UK retailer faces store closures (Image: Getty)Radley has been bought out of administration from the owners...
Flying Tiger snapped up by Modella Capital amid fears for its future
UK private equity investor with reputation for hard-nosed restructuring says it is backing existing managementBusiness live – latest updatesFlying Tiger is the latest retailer to be snapped up by Modella Capital, the British investment firm which already owns the former high street arm of WH Smith, now called TG Jones.The Danish company, known for its cut-price homewares and craft kit, operates about 1,000 stores worldwide, including 80 in the UK, where it employs more than 1,000 people. Continu...
US Team To Visit India From June 1-4 For Trade Pact Talks
India and the US issued a joint statement on February 7, agreeing on a framework for an interim trade agreement on reciprocal and mutually beneficial trade.
The trillion-dollar countdown: SpaceX’s race for the largest IPO in human history
SpaceX is preparing for a historic IPO, aiming for a $1.75-$2 trillion valuation and seeking to raise $75 billion by June 2026. Despite significant revenue growth from Starlink, the company reported substantial losses in 2025 and Q1 2026, largely due to heavy investments in its new AI unit following the xAI acquisition.
Memory chipmakers ride AI boom to join trillion-dollar club
South Korea’s SK Hynix and US-based Micron bring tally of companies to achieve $1tn market capitalisation to 16