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‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis
The boss of the UK’s most influential business group will use a landmark speech to warn that the heavy business tax burden is nudging British firms towards a “tipping point”, directly linking the Labour government’s troubles to cost pressures on firms. At a speech for the Confederation of British Industry (CBI)’s business dinner, chief executive Rain Newton-Smith will slam the government’s decision to add to an estimated £345bn business tax bill over the last two Budgets. Newton-Smith is...
'By the grace of God': Miners dig on as lab-grown diamonds change market
'By the grace of God': Miners dig on as lab-grown diamonds change marketImage source, AFP via Getty ImagesImage caption, Diamond miners in Sierra Leone can hunt for days on end and find none of the precious stonesByEd ButlerBusiness reporter, Reporting fromKono, Sierra LeonePublished4 June 2026The rising popularity of lab-grown diamonds has caused a big fall in the price of the mined gems. In the West African nation of Sierra Leone the country's biggest diamond mine has closed.Stripped to the wa...
Flex-fuel vehicles practical solution to reduce crude imports: Hardeep Singh Puri
NEW DELHI: Petroleum minister Hardeep Singh Puri on Wednesday said flex-fuel vehicles offer India a practical way to reduce crude oil imports.
Berrettini tired of retiring as injury strikes again to end French Open hopes
Berrettini tired of retiring as injury strikes againImage source, Getty ImagesImage caption, Matteo Berrettini had a medical timeout shortly after losing the first set to Matteo ArnaldiByPhil CartwrightBBC Sport journalistPublished3 minutes agoMatteo Berrettini said he is "tired of retiring" from matches as injury ended his hopes of a maiden Grand Slam title at the French Open.The 30-year-old had lost the first set of his quarter-final to fellow Italian Matteo Arnaldi and trailed 5-2 in the seco...
SpaceX says its worth $1.75tn as it nears stock market debut
SpaceX says its worth $1.75tn as it nears stock market debutJust nowShareSaveAdd as preferred on GoogleKali HaysTechnology reporterReutersElon Musk is set to become the wealthiest person on earth with SpaceX stock market debut.Elon Musk's SpaceX has said it is even more valuable than anticipated as it approaches a public stock listing set for next week.In an filing with the US Securities and Exchange Commission detailing its plans for an initial public offering (IPO), SpaceX said its shares shou...
Trump says anti-fraud efforts are uncovering billions in waste, claims savings could balance budget
President Donald Trump on Wednesday touted Vice President JD Vance's anti-fraud efforts and claimed Republicans are uncovering enough government fraud to potentially balance the federal budget, while accusing Democrats of resisting investigations because they are "in on the act."In a Truth Social post, Trump praised Vance and Republican officials for what he described as a nationwide effort to identify fraud and waste in government spending."Vice President JD Vance and Republicans are doing a gr...
كيف يستيقظ المليارديرات؟ 5 عادات صباحية شائعة تجعلهم أغنياء!
هل تساءلت يومًا عن كيفية بدء يوم المليارديرات الذين يقدر صافي ثروتهم بالمليارات؟ في هذا المقال، نستعرض لكم 5 عادات صباحية شائعة بين أقطاب المال والأعمال، والتي يمكن أن تغير مسار حياتك المالية للأفضل!
The Morning Secrets of Billionaires: 5 Habits They All Share That You Can Adopt Today!
Ever wondered how billionaires start their day? Discover the five surprising morning habits shared by the world's wealthiest individuals and how you can implement them in your life to boost productivity and success.
SpaceX aims to make its stock market debut at $1.77 trillion value
MarketsSpaceX aims to make its stock market debut at $1.77 trillion valueElon Musk’s space company said in a securities filing that it hopes to sell over 555 million shares at its debut for $135 each.Listen to this article with a free account00:0000:00Add NBC News to GoogleSpaceX files for IPO in move that could make Elon Musk the world's first trillionaire02:03Get more newsLiveonShareAdd NBC News to GoogleJune 3, 2026, 5:47 PM EDTBy Steve KopackElon Musk’s SpaceX announced Wednesday that it int...
High taxes are leaving struggling businesses at 'tipping point' amid fears Labour is treating them as a 'cash tap', says CBI
High taxes are leaving struggling businesses at 'tipping point' amid fears Labour is treating them as a 'cash tap', says CBISee more Daily Mail on Google - save us as a Preferred SourceBy JOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR Published: 22:37, 3 June 2026 | Updated: 22:37, 3 June 2026 e-mail
Financial services contributed a tenth of UK economic output in 2025
The financial services sector contributed over a tenth of the UK’s economic output in the last year as the industry’s productivity outpaced average momentum. The industry provided a £290bn boost to the UK’s real GDP – a macroeconomic measure that adjusts the value of economic output for inflation – in 2025 marking around 11 per cent of total output, according to TheCityUK’s latest UK Key Facts report. Productivity across the sector – which also includes related professional services indus...
UK construction company plunges toward administration - in business since 2017
UK construction company plunges toward administration - in business since 2017The works with major civils and housebuilding firms, including MV Kelly, C3 Construction and Persimmon. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Astha Saxena, News Reporter 22:29, Wed, Jun 3, 2026 Updated: 22:30, Wed, Jun 3, 2026 UK construction company plunges into administration (Image: Getty)A UK construction company th...
SpaceX wins tax exemption for $55bn AI chip plant despite local backlash
Elon Musk’s Terafab plant sparks fierce opposition and threat of legal action from residents of Texas county
Shopping for America 250? Here's what's actually made in the USA — and what's imported
As America 250 approaches, more shoppers are seeking out products made in the United States. We rounded up standout American-made brands and identified which products are still manufactured domestically and which ones are imported. From All American Clothing jeans and Estwing tools to select New Balance sneakers and All-Clad cookware, these are the tried-and-true American-made picks worth buying.READ MORE: America 250 is coming: What to know and the best commemorative gear to buyMade in the USA...
Decision to allow three boys convicted of rape to walk free sparks fury and debate in U.K.
United KingdomDecision to allow 3 boys convicted of rape to walk free sparks fury and debate in U.K. Britain’s Prime Minister Keir Starmer said the case would go to the Court of Appeal to be reviewed — but advocates say the initial sentences speak to a wider failing. Listen to this article with a free account00:0000:00One of the victims was raped by two boys in an underpass, pictured, after arranging to meet one of them for a date in November 2024.Crown Prosecution ServiceShareAdd NBC News to Go...
SpaceX pitches investors $1.8tn valuation in historic IPO
Rocket and AI group is seeking to raise up to $86bn in biggest Wall Street debut of all time
IRS workers forced to sit on top of their desks thanks to infestation of rats that are so big traps don't work
IRS workers forced to sit on top of their desks thanks to infestation of rats that are so big traps don't workSee more Daily Mail on Google - save us as a Preferred SourceBy LAURA PARNABY, US SENIOR NEWS REPORTER Published: 21:55, 3 June 2026 | Updated: 21:55, 3 June 2026 e-mail View comments
American Airlines suspends 6 routes because of high jet fuel costs
MoneyWatch American Airlines suspends 6 routes because of high jet fuel costs .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo June 3, 2026 / 4:3...
More than 30 Chinese-made Jaecoo hybrids that went up in flames 'had ALL been bought by customers'
More than 30 Chinese-made Jaecoo hybrids that went up in flames 'had ALL been bought by customers'Have you bought a Jaecoo 5 hybrid? email @davidolaseinde@dailymail.co.ukGet your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE See more Daily Mail on Google - save us as a Preferred SourceBy DAVID OLASEINDE Published: 21:14, 3 June 2026 | Updated: 21:14, 3 June 2026 e-mail View comments
Benefits cheat convicted for fraudulently claiming £19,000 in payments
A Belfast woman has been found guilty of benefits fraud after claiming nearly £20,000 while hiding the fact she was working.Elizabeth McClelland, 24, from Hopewell Crescent, received Carer's Allowance payments totalling £19,260 without disclosing her employment status to authorities.The case was heard at Laganside Magistrates' Court, where McClelland was handed an 80-hour community service sentence.An investigation conducted by the Department for Communities exposed the fraudulent claims. TRENDI...
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