Finance
Why Microsoft’s stock is soaring toward a historic gain after earnings
The company’s cloud business is sporting impressive growth, and Microsoft expects to avoid heading into cash-burn mode as it spends up on AI.
Raids across UK in crackdown on nuisance car finance texts
Laptops, phones and documents seized as information commissioner acts on messages about mis-selling scandal Laptops, mobile phones and documents have been seized after officials carried out search warrants in a…
Fifa’s sale of the century: how Kushners and Trump are at centre of a tangled web
Joshua Kushner is now the kingpin in driving the sale of the World Cup to investors and family ties are tight around the project It isn’t just football fans and Uefa executives who want to give Gianni Infantino the red…
Only the Middle East crisis is preventing a drop in UK interest rates
Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75% Business live – latest updates There is a threat of high inflation coming to the UK but only from the conflict…
HMRC fines Airbus £6.4m for breaching rules on export of sensitive technology
Manufacturer self-reported the offences in the tax authority’s largest such out-of-court settlement Airbus has been fined £6.4m in the UK after the European aerospace company admitted to breaches of rules designed to…
Families to be moved out of billionaire-owned tower after suffering without air con
Several councils to stop housing tenants in glass-fronted Britannia Point in London, where tenants were earlier told they could not use air con As the fourth heatwave of the year hit the UK on Wednesday, Benice Bodah…
Profits boost for defence firms as governments increase spending
Shares in Rolls-Royce jump by 5.5% after it lifts earnings guidance, while BAE Systems also upgrades profit forecasts Business live – latest updates Rolls-Royce and BAE Systems are expecting higher profits as…
Bank of England holds interest rates at 3.75% as inflation fears mount
Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrel Business live – latest updates The Bank of England has kept UK interest rates on hold as it warned that a further escalation in the…
Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job losses Business live – latest updates Lloyds Banking Group will cut another £2bn of costs as part of a…
Fifa wants more money for its members but that does not guarantee investment | John Duerden
Asia and Africa are bastions of support for Gianni Infantino but Fifa’s money has not always been well spent in the regions Fifa’s justification for its proposed plans to sell stakes in the World Cup to private…
Shell’s profits more than double after jump in oil and gas prices
Environmentalists renew calls for windfall tax to support households after Q2 earnings rise to almost $10bn Shell has recorded its second highest quarterly earnings on record as the energy market surge caused by the…
Carmakers ‘delaying investment in UK factories until EV sales rules relaxed’
Industry wants mandate forcing manufacturers to sell increasing share of electric cars each year to be eased Carmakers are delaying final decisions to invest in UK factories until electric car sales rules are relaxed,…