Business

Coventry-based Maeving, the British electric motorbike manufacturer, has raised £8 million in new funding to expand production, accelerate overseas sales and develop new models aimed at commuters and women riders. The company, founded in 2018 by university friends Seb Inglis-Jones and Will Stirrup, attracted backing from venture capital firms including Venrex, Future Planet Capital and Elbow Beach Capital, alongside angel investors such as John Ayton, co-founder of Links of London, and Simon Hill-Norton, founder of...

Meta has been quietly but steadily reshaping how its platforms operate, and artificial intelligence now sits at the heart of this transformation. From the familiar spaces of Facebook and Instagram to WhatsApp and the company’s metaverse ambitions, automation powered by AI is becoming more visible to users and more influential for businesses. The pace of this evolution raises pressing questions. How much control do users truly retain over their own data? What does automation mean...

Tesla has proposed a new $1 trillion pay package for chief executive Elon Musk, in what would be the largest compensation deal ever awarded to a corporate leader. Under the plan, Musk would receive 12 tranches of shares over the next decade if Tesla hits a series of financial, production and technological milestones. If achieved in full, the deal would lift Tesla’s valuation from about $1 trillion today to $8.5 trillion, making it the most...

Angela Rayner has resigned from government after the prime minister’s adviser on ministerial standards concluded she failed to pay the correct stamp duty on a second home, leaving her position untenable. The deputy prime minister and housing secretary stepped down on Thursday, hours after Sir Laurie Magnus delivered his report to Sir Keir Starmer. The investigation centred on a £40,000 surcharge Rayner should have paid on a property in Hove. She had insisted she followed...

British companies are cutting jobs at the fastest pace in four years following Chancellor Rachel Reeves’s £25 billion payroll tax raid, according to new data from the Bank of England. The central bank’s latest decision-makers panel, which surveys around 2,000 chief financial officers, found that employment fell by 0.5% in the three months to August — the steepest decline since 2021. The survey also revealed that companies plan to cut jobs over the next year...

Kevin Maxwell, the brother of Ghislaine Maxwell, is fighting a last-ditch legal battle to avoid bankruptcy after being pursued for almost £600,000 by administrators of collapsed investment fund Fortress Capital Partners, which has been accused of operating as a Ponzi scheme. Court filings show Maxwell, 65, applied to the High Court last week to dismiss a statutory demand from insolvency experts who took control of Fortress after its collapse in 2023. The demand, issued on...

Investment in British artificial intelligence (AI) companies surged to a record £2.9 billion last year, cementing the UK’s position as a global hub for cutting-edge technology and innovation. New figures show the UK now ranks second only to the United States in attracting AI investment, ahead of both China and the rest of Europe. The milestone underlines Britain’s emergence as one of the most attractive destinations worldwide for AI growth and commercialisation. The Government said...

The search is on for the UK’s next generation of pioneering female leaders as Veuve Clicquot opens nominations for the 2026 Bold Woman Award. Now in its 54th year, the award is the longest-running international accolade of its kind, inspired by Madame Clicquot, one of the world’s first female entrepreneurs. In 1805, aged just 27, she took over her husband’s champagne house at a time when women were excluded from most professions, transforming it into...

Your data is growing faster than budgets, headcount, and rack space. Backup windows feel tight. Recovery targets keep shrinking. Audits get tougher every quarter. If that sounds familiar, it is time to look hard at object storage. This is the storage model that scales cleanly, cuts operating noise, and makes ransomware-resistant backups practical for everyday teams. In plain terms, it helps you store more data at lower cost while reducing risk. Below is a punchy,...

Proper identification enhances the professional appearance of your staff members and your organization. Name tags also help new customers identify who works for you. Proper identification is especially important for health care facilities that cater to seniors, small businesses and other professional organizations. Choosing the right name tag company can make all the difference. Methodology for Selecting the Top Name Tag Companies This analysis looked at name tag companies serving health care facilities, small businesses...