The builder of the superyacht Bayesian, on which British technology entrepreneur Mike Lynch died, has launched a £400 million legal claim against his widow, alleging that the tragedy caused a catastrophic collapse in its sales. The Italian Sea Group (TISG) has filed a €456 million (£399 million) lawsuit in a Sicilian court, claiming that the yacht’s crew and the vessel’s holding company were responsible for the sinking and the resulting damage to the company’s reputation...
Calling a colleague “old” because they struggle with computer skills does not, on its own, amount to age discrimination, an employment tribunal has ruled. The decision came in the case of Farah Janjua, 39, who brought claims against her former employer, Harvey Jones Ltd, after a younger manager told her her lack of IT skills was “because you’re old”. Ms Janjua argued that the comment, made by a colleague in his late 20s, amounted to...
President Donald Trump unveiled his Board of Peace on Thursday, with world leaders signing on to pursue a lasting agreement for Gaza. Trump inaugurated the board during a speech and signing ceremony at the World Economic Forum in Davos, Switzerland. ‘Once this board is completely formed, we can do pretty much whatever we want to do. And we’ll do it in conjunction with the United Nations,’ Trump said in a statement. ‘This isn’t the United...
Sen. Bernie Sanders, I-Vt., accused President Donald Trump of working to push the U.S. and the rest of the globe in the direction of ‘authoritarianism.’ ‘Trump’s hostility toward Europe has little to do with his absurd and irrational arguments over Greenland. It has everything to do with his efforts to undermine democracy and move this country and the world toward authoritarianism. Trump does not like free elections, a free media or the right of people...
A rare filing from economic heavyweights could shape how Supreme Court justices view the limits of presidential control over the Federal Reserve and U.S. monetary policy. On Wednesday, the nation’s highest court heard oral arguments for two hours on whether President Donald Trump has the authority to remove Lisa Cook from the Federal Reserve’s Board of Governors. That debate has drawn an extraordinary amicus brief from some of the most influential figures in U.S. economic...
Nigel Farage has renewed his threat to strip commercial banks of billions of pounds in interest payments made by the Bank of England, reviving a controversial proposal that has already alarmed financial markets and the banking industry. Speaking at a Bloomberg event on the fringes of the World Economic Forum, Farage confirmed that Reform UK still intends to scrap the interest paid on reserves held by banks at the central bank, money created during the...
UK businesses are being urged to tighten controls around their use of artificial intelligence in 2026, as legal experts warn that poorly governed AI systems are exposing companies to mounting legal, financial and reputational risks. From unclear ownership of AI-generated content to data protection breaches and misleading outputs, advisers say many organisations have adopted AI tools faster than they have put safeguards in place, leaving them vulnerable as regulation accelerates. Copyright and ownership disputes remain...
A bitter trademark dispute over the Beckham name has emerged as a key factor in the growing rift between the Beckhams and their son Brooklyn Beckham and his wife Nicola Peltz, underscoring how intellectual property law can collide with family relationships when a surname becomes a commercial asset. The row centres on control of the Beckham name, which has long been protected as a trademark across multiple commercial categories. While the dispute has played out...
Government borrowing fell sharply in December after a surge in income tax and national insurance receipts helped narrow the monthly deficit, offering short-term relief for the Treasury but little comfort over the longer-term health of the public finances. Figures published by the Office for National Statistics showed public sector borrowing fell to £11.6 billion in December, £7.1 billion lower than the same month a year earlier, a 38 per cent reduction. The improvement was driven...
The government is facing fresh calls to extend its business rates relief scheme for pubs to include hotels, as the accommodation sector grapples with sharp increases in taxes, wages and operating costs. The appeal has been made by leading audit, tax and business advisory firm Blick Rothenberg, which warned that hotels are under growing financial strain and risk job losses without targeted support. Darsh Shah, a partner at the firm, said ministers were planning to...
