Jaguar Land Rover (JLR) is preparing to inject up to £500 million into its supply chain to prevent a wave of insolvencies among parts makers after a cyberattack brought production to a standstill and left thousands of UK suppliers struggling for cash. The initiative, expected to be finalised within days, will see JLR lend directly to its first-tier suppliers through an invoice financing facility, providing immediate cashflow relief as the carmaker begins to restart operations....
Britain’s leading banks have warned the government against capping the resale prices of concert and event tickets, claiming the move would push ticket touts and fraudulent sellers onto unregulated social media platforms. In a submission to ministers, UK Finance, the trade body representing Lloyds, NatWest, HSBC, Barclays and more than 300 other financial institutions, said proposed ticket price caps could backfire by driving “tout activity” away from regulated platforms such as Viagogo and towards sites...
President Donald Trump made a social media post about Hamas on Sunday evening, minutes before the deadline for a peace proposal passed. The deadline was 6 p.m. ET Sunday. In a message on Truth Social, Trump wrote that there had been ‘very positive discussions with Hamas, and Countries from all over the World (Arab, Muslim, and everyone else) this weekend, to release the Hostages, end the War in Gaza but, more importantly, finally have long...
Bitcoin broke through the $125,000 mark for the first time on Sunday, extending a powerful rally that analysts say could continue into the end of the year. The world’s largest cryptocurrency jumped 3 per cent in Asian trading to reach $125,245, propelled by institutional inflows, a weaker US dollar, and renewed political support for digital assets in Washington. The milestone follows months of sustained momentum for Bitcoin and the wider digital asset market, buoyed by...
The chief executive of Entain, the FTSE 100 owner of Ladbrokes and Coral, has warned the government that higher gambling taxes in next month’s Budget could lead to widespread betting shop closures and a sharp reduction in UK investment. In her first interview since taking the role permanently in April, Stella David said any increase in gambling duties would compel Entain “to consider its investment level in the UK”. She added there was “no doubt”...
Sir Jim Ratcliffe’s chemicals empire, Ineos, has introduced a company-wide hiring freeze as it prioritises debt reduction following years of rapid expansion and weakening market conditions. The British-founded group confirmed a “general recruitment freeze” while tightening capital spending after acquiring assets worth around €2.7 billion across the US, Europe and Asia between 2022 and 2024. The move comes as Ineos grapples with overcapacity in the chemicals market, new US tariffs and falling prices that have...
President Donald Trump on Saturday announced Israel has agreed to the ‘initial withdrawal line’ in Gaza, which the U.S. has shared with Hamas. Pending Hamas confirmation, the agreement will trigger an immediate ceasefire and exchange of Israeli hostages and Palestinian prisoners. ‘After negotiations, Israel has agreed to the initial withdrawal line, which we have shown to, and shared with, Hamas. When Hamas confirms, the Ceasefire will be IMMEDIATELY effective, the Hostages and Prisoner Exchange will...
The government shutdown costs taxpayers $400 million every day to pay federal employees who are not actively working, totaling $1.2 billion as of Friday, Congressional Budget Office (CBO) data published by Sen. Joni Ernst’s, R-Iowa, office estimates. ‘Schumer’s Shutdown Shenanigans mean taxpayers will be on the hook for another $400 million today to pay 750,000 non-essential bureaucrats NOT to work,’ Ernst said in comment to Fox News Digital Friday. ‘Democrats’ political stunt to fight for taxpayer-funded...
House Speaker Mike Johnson, R-La., said Republicans are winning the messaging war over the ongoing government shutdown and urged his conference to keep the heat on congressional Democrats during a private call with lawmakers on Saturday. The call came on the fourth day of the shutdown, a day after Senate Democrats again rejected a GOP-led plan to keep federal agencies funded through Nov. 21. During the call, Johnson and other House GOP leaders urged fellow...
U.S. ambassador to the United Nations Mike Waltz said he believes President Donald Trump’s new Gaza peace plan could represent a ‘once-in-a-generation opportunity for Middle East peace.’ On Monday, Trump released his Gaza peace plan, which Israel agreed to. Despite U.S. criticism of the U.N.’s actions in Gaza, the plan relies on the international body’s assistance. When asked how this would work, Waltz said that the U.S., while working with the U.N. in Gaza, will...
