Finance

A Major British bank has announced hundreds of jobs are set to be cut following a multi-billion pound takeover.

Europe is set to enter the heating season with the lowest gas storage levels in at least 15 years, threatening higher prices for businesses and households this winter.

Almost £24.4bn of government money went to private equity-run firms in year to April 2025, Guardian analysis shows.

Binance has informed its EU users that it will halt services from next week after failing to secure the necessary licence to operate in the region, marking a major blow for the world’s largest crypto exchange.

Debt to energy suppliers has reached a new record high of £4.79 billion – a 5% increase on the last quarter, Ofgem has said.

Kenya has signed a $1.2 billion agreement with a Chinese state-owned construction company to expand and modernize the Jomo Kenyatta International Airport (JKIA), a major infrastructure project aimed at strengthening the country’s position as East Africa’s leading aviation gateway.

Savers who invest in stocks and shares ISAs will face a 22% tax on the interest from their funds.

Venezuela is set to reveal a $240bn debt pile, much higher than previously thought, as the country embarks on the biggest sovereign restructuring in history following the US removal of Nicolás Maduro.

Investors and business leaders are again navigating the kind of uncertainty that has dominated British politics since the Brexit vote a decade ago, after Prime Minister Keir Starmer resigned on Monday and threw open a leadership contest that will centre on any successor’s ‌plans for the economy.

A UK construction company has plunged into liquidation after 15 years as staff missed out on over £150,000 worth of pay.

crypto payments platform Pyra has stopped accepting new users, canceled existing payment cards, and says withdrawals and private key exports will remain available through a web portal until September 15, 2026, according to Pyra’s shutdown announcement.

Billionaire Alex Gerko has lost a long-running legal battle over the tax treatment of profits made by individual traders.

The $6.7 million fine ASB has agreed to pay for insufficiently vetting billions of dollars of transactions for money laundering is putting the spotlight on the law in New Zealand.

Europe’s STOXX 600 hit a record high on Monday, boosted by a relief rally across most sectors after the United States and Iran reached a preliminary agreement ‌that would open the Strait of Hormuz and end the three-month-long war in the Middle East.

The UK and Japan are set to agree on £18 billion worth of investment, creating tens of thousands of jobs.

SpaceX shares jumped 19% in their Nasdaq debut on Friday, sending the company’s value past $2 trillion to make it the sixth-biggest U.S. company by value and turning Elon Musk into the world’s first trillionaire.

Elon Musk’s SpaceX has raised 75 billion US dollars (£56 billion) ahead of its record-breaking 1.8 trillion US dollar (£1.3 trillion) US stock market debut on Friday as it looks set to become the biggest flotation of all time.

Crypto traders have turned Elon Musk’s expected SpaceX listing into a round-the-clock proxy market, pushing more than $1 billion through SpaceX-linked perpetual futures in the last three days as investors try to front-run one of the largest public offerings in Wall Street history.

The UK’s crypto sector is launching an effort to convince British banks to lift bans on transfers to crypto exchanges. Crypto exchanges are heading for a “firm and proportionate” regulatory framework with rules that come into force next year – banks are not fans of their decentralised rivals.

OpenAI has filed for a blockbuster initial public offering (IPO) that could value the ChatGPT maker at more than $1 trillion as it races its rivals to market.

The world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an "unfathomable" increase in investment locking in years more of coal, oil, and gas production as the world continues to overheat, a new report has found.

New research suggests that at least 1.5 million people were taken to court over unpaid council tax debt last year.

Anyone selling to customers in Europe is being warned to check delivery costs and customs paperwork before a new parcel charge comes into force this summer.

The SpaceX listing will make millions for Goldman Sachs, but the image-conscious firm kept its celebrations quiet.