Business

It is impossible to overstate the significance of British tech entrepreneur Mike Lynch’s acquittal by a San Francisco jury. Dr Lynch, the founder and former chief executive of Autonomy, was cleared on Thursday night of criminal charges that he fraudulently inflated the FTSE-100 software company’s revenues prior to its $11bn takeover in 2011 by Hewlett-Packard.

Republican presidential candidate and former U.S. President Donald Trump gestures outside Trump Tower, the day after a guilty verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, in New York City, U.S., May 31, 2024.  Andrew Kelly | Reuters A

If the polls are correct, Labour will be in government in less than a month from now, yet the party’s policies are already having an impact on business. Three oil and gas companies – Jersey Oil and Gas, Serica Energy and Neo Energy – said on Wednesday they had decided to delay by a year

Scientist Lee Seok Woo said a scene from a “Mission Impossible” movie inspired his latest invention: batteries for smart contact lenses. In the fourth film of the series, an agent wears contact lenses capable of facial recognition and eye tracking. Lee wanted to make that lens a reality. “I was thinking, ‘How can I work

The next government is being urged to do more to help drive the transition to electric vehicles as private sales of new pure battery models go into reverse. According to data covering May released by the Society of Motor Manufacturers and Traders (SMMT), there was a 2% dip in UK sales of new battery electric

“Spaving,” or spending more to save more, has become a dangerous habit for cash-strapped Americans amid elevated inflation and mounting debt. Though inflation eased in April, the consumer price index was still up 3.4% from a year prior.  Despite higher prices, Americans continue to spend. To that point, credit card debt reached $1.12 trillion in

The chief financial officer of global news outlet The Epoch Times has been arrested and accused of laundering $67m. Weidong ‘Bill’ Guan, 61, of New Jersey appeared before a judge in New York on Monday on money laundering and bank fraud charges after being arrested on Sunday. He pleaded not guilty. Prosecutors said members of

As a bed and breakfast owner in Taiwan’s Hualien County, Chen Rei-jia was used to the minor tremors that sometimes disturbed her work. But this time, something felt different. “The shaking grew stronger and lasted longer, and as rescue vehicles arrived, I became frightened,” she said. “We heard rocks falling everywhere and saw smoke and

Wholesale costs for natural gas have hit their highest levels across Europe since December last year after key Norwegian export operations were shut down due to a cracked pipe. The damage, discovered aboard the Sleipner Riser platform, prompted wider energy infrastructure to be halted including the Nyhamna processing plant which exports gas to the UK,

Meme stock GameStop is rallying again on speculation Keith Gill, the man who inspired 2021’s epic short squeeze, could currently have a huge position in the video game retailer. Gill, who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube and X, reappeared Sunday night, posting a screenshot of what could be his portfolio holding

Launching his plans for Great British Energy, a state-owned clean power company, Sir Keir Starmer promised the new entity would reduce bills, create jobs and deliver increased energy security. Specifically, Labour’s press release for an idea first announced in October 2022 said: “Great British Energy will cut energy bills for good, as families face the

Former New York Mayor Rudy Giuliani departs the U.S. District Courthouse after he was ordered to pay $148 million in his defamation case in Washington, U.S., December 15, 2023. Bonnie Cash | Reuters The D.C. Bar’s Board on Professional Responsibility on Friday recommended that Rudy Giuliani be barred from practicing law in the nation’s capital.

Britain’s biggest water company has been told it faces a fine of more than £40m over the payment of a shareholder dividend in spite of its poor performance. Sky News has learnt that Ofwat notified Thames Water last month that it was minded to impose the penalty for breaching rules on the payment of dividends.

CNBC’s Jim Cramer on Friday told investors what to pay attention to next week on Wall Street, highlighting the nonfarm payroll report and earnings from GitlLab and CrowdStrike. “To those of you who want the Fed to cut so badly that you’re staying on the sidelines until they do,” he said, “you’d better hope we

The amount of money being deposited into ISAs has hit a record high, according to new official figures. Households put an additional £11.7bn into the savings accounts last month – the highest since records began in April 1999, the Bank of England said. It comes amid 16-year-high interest rates, which have been held at 5.25%

Robotaxi operator Pony.ai has begun testing rides with human staff inside between a suburb of Beijing and a major high-speed train station. CNBC | Evelyn Cheng BEIJING — In three years, China’s capital city of Beijing has taken rapid steps toward letting robotaxis operate closer to the city center. This month, the city began allowing