Business

City bankers are ruining your life again. They just can’t help it. Rescued from collapse in 2008 and force fed a healthy financial diet ever since, the industry is now in fine fettle. And with a deluded display of arrogance only they can muster, bankers have come to see themselves …

British consumers could face even higher bills and potential energy shortages this winter after Norway threatened to ration electricity exports. The UK receives hydroelectric power from Norway through a subsea interconnector cable running beneath the North Sea. However, water levels in southern Norway have been so low this year that …

The technology company Dyson has been fined more than £1m after one of its employees was injured when a giant milling machine fell on top of him. Dyson was ordered to pay £1.2m at Swindon magistrates court for failing to properly train its staff in handling the kit. The firm …

Rail services around Great Britain will be severely disrupted on Saturday by the most widespread strike by train drivers since rail privatisation in 1996. Members of the Aslef union will stop work for 24 hours at seven train operators, halting some parts of the network and leaving only a few …

A satellite company part-owned by the British government is due to be taken over by an EU rival this week, dashing hopes of fostering a UK firm to rival Elon Musk’s Starlink following its taxpayer bailout at the height of the pandemic. OneWeb, which provides services including broadband from its …

The governor of the Bank of England has said a half-point increase in interest rates is “on the table” for next month as Threadneedle Street considers toughening its anti-inflation stance. On the eve of official figures that are expected to show the annual increase in the cost of living edging …

Uber is facing a lawsuit from at least 550 former passengers alleging a systematic failure to prevent violence against women on its platform. In the lawsuit, filed at San Francisco county superior court on Wednesday, the company is accused of failing to protect female passengers who “were kidnapped, sexually assaulted, …

Brightly coloured printouts cover the walls in a meeting room at Zenith UK’s London headquarters, left behind from preparation for the previous week’s pitch, which saw the media agency battle it out against two rivals to win the business of a fast-food client. Now the wait is on, laughs its …

The government should impose strict price controls on fuel and basic food items to help families struggling with soaring living costs, the former Labour shadow chancellor John McDonnell has said. Calling for a radical response to the worst cost of living crisis in a generation, McDonnell said the government needed …

Yuri Popovich had watched his neighbours’ houses burn down to the ground in Kyiv and he needed a safe place to put his money. So he did what millions of amateur investors have done in recent years: he turned to cryptocurrency. “It was impossible and unsafe to store funds in …