Financial news

• Ryanair sues ‘unruly’ passenger it says disrupted Dublin to Lanzarote flight

  08-01-2025 14:14 via theguardian.com
  
  Airline seeking €15,000 in damages over ‘inexcusable’ behaviour it says forced plane to divert to PortugalRyanair is suing a passenger it claims disrupted a flight between Dublin and Lanzarote, seeking €15,000 (£12,500) in damages to cover expenses incurred when the plane was diverted to Portugal.The airline said on Wednesday it had filed proceedings in Dublin’s circuit court against the passenger, whose behaviour on the flight last April it described as “
  
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• Bank of England plans to reduce ‘reporting burden’ on lenders

  08-01-2025 16:27 via theguardian.com
  Deputy governor says central bank has rowed back on ‘overcooked’ regulations introduced after financial crisisThe Bank of England plans to slash the “reporting burden” on UK banks and allow insurers to make riskier investments without initial approval, as it comes under government pressure to ease regulations introduced after the financial crisis.Sam Woods, a deputy governor at the Bank who leads its regulatory arm, the Prudential Regulation Authority (PRA), said the cent
  
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• UK 10-year borrowing costs hit highest level since 2008, as Rachel Reeves’s fiscal headroom evaporates – business live

  08-01-2025 16:24 via theguardian.com
  
  Bond sell-off is eating into the chancellor’s wiggle room to hit fiscal targets without spending cuts or more tax risesRise in UK borrowing costs could push Reeves to new public spending cutsTwo UK investment trusts have urged their shareholders to resist an attempt by a US hedge fund to take control.Janus Henderson’s European Smaller Companies Trust, and its Henderson Opportunities Trust, both recommended that investors vote against Saba Capital’s attempt to shake-up their boa
  
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• Rachel Reeves under fire over 'true cost' of winter fuel payment blunder

  08-01-2025 16:05 via express.co.uk
  
  The government has urged low income pensioners to apply for Pension Credit, which means they can continue to receive the Winter Fuel Payment.
  
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• British Gas urges 47,000 customers to act now before -16C cold snap

  08-01-2025 15:56 via express.co.uk
  
  Charities and energy experts are raising concerns about the devastating impact of the cold on vulnerable households.
  
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• Martin Lewis warns anyone flying British Airways will be 'hugely disappointed'

  08-01-2025 14:54 via express.co.uk
  
  British Airways customers expressed their disappointment online after the airline revamped the way travellers can earn Avios points.
  
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• Alaska sues Biden administration over oil and gas drilling leases in Arctic refuge

  08-01-2025 14:41 via theguardian.com
  Lawsuit challenges the federal government’s December 2024 decision to add restrictions to offer of drilling leasesThe US state of Alaska has sued the Biden administration for what it calls violations of a congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).The federal lawsuit in the US district court in Alaska filed on Monday challenges the federal government’s December 2024 decision to add restrictions to an off
  
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• Direct bookings demand powers ski lessons platform Maison Sport

  08-01-2025 14:38 via express.co.uk
  
  Maison Sport is offering inclusive, better value lessons by connecting all levels of skiers and snowboarders directly with instructors and has a wide range of resort guides too.
  
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• DWP three week warning over Winter Fuel Payment

  08-01-2025 14:26 via express.co.uk
  
  An alert has been issued for pensioners who have yet to claim their Winter Fuel Payment as time is rapidly running out
  
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• Meta systems were 'too complex' says Meta oversight board co-chair as factcheckers scrapped – audio

  08-01-2025 14:08 via theguardian.com
  
  Helle Thorning-Schmidt, the co-chair of the social media company’s oversight board and the former prime minister of Denmark, said 'Meta systems have been too complex', adding there had been 'over-enforcement'. She told BBC Radio 4 that she did not think Nick Clegg left Meta, where he was president of global affairs, because of the change, adding she knew he would agree with herMeta scrapped factcheckers ‘because systems were too complex’Ditching of Facebook factcheckers a &lsqu
  
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• Nine energy habits costing you £119 a year

  08-01-2025 13:56 via express.co.uk
  
  Energy bills are expected to rise again in April, making now a "great time" to find ways to cut costs, an expert has said.
  
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• Piers Morgan quits Rupert Murdoch’s News UK in deal over YouTube show

  08-01-2025 13:42 via theguardian.com
  
  Broadcaster and journalist to take control of Piers Morgan Uncensored media brand in joint venturePiers Morgan is leaving Rupert Murdoch’s media empire to take control of his Uncensored YouTube channel, three years after signing a multimillion-pound deal focused on leading TalkTV, which shut its traditional TV channel last summer.Morgan and News UK, which owns the Sun, Times, TalkSport and Times Radio, struck a deal that gives him ownership of the Uncensored media brand through his product
  
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• OpenAI chief executive Sam Altman accused of sexual abuse by sister in lawsuit

  08-01-2025 13:39 via theguardian.com
  
  Tech entrepreneur and family say Ann Altman’s claims that abuse started in childhood are ‘utterly untrue’ The sister of the OpenAI chief executive, Sam Altman, has filed a lawsuit alleging that he regularly sexually abused her for several years, starting when they were children.The lawsuit filed on 6 January in a US district court in the Eastern District of Missouri alleges that the abuse began when Ann Altman was three and Sam Altman was 12. The filing alleges that the last in
  
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• Elon Musk’s Tesla has received almost £200m in UK grants since 2016

  08-01-2025 13:17 via theguardian.com
  Bulk of funds for electric vehicle firm relate to government’s plug-in car grant, analysis findsElon Musk’s electric vehicle company has received almost £200m in grants from the UK government since 2016, according to analysis.Tesla, which is run by the tech billionaire who has become increasingly vocal about the UK government, has received £191m from Westminster through grants, according to Tussell, which analyses public contract data. Continue reading...
  
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• Why are gen Z shunning ‘hustle’ culture in favour of long-term jobs? Here are three good reasons | Oli Mould

  08-01-2025 13:00 via theguardian.com
  
  Unlike previous generations of workers, young people are prioritising stability over chaos and community over churnFor decades, we’ve been told that the modern workplace is a playground of freedom and choice. Flexibility, agility and autonomy have become buzz words in an employment marketplace saturated with an endless choice of job opportunities.But the reality for most workers, especially younger ones who have recently joined the job market, is that jobs vanish as quickly as they appear,
  
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• Six big US banks quit net zero alliance before Trump inauguration

  08-01-2025 13:00 via theguardian.com
  Exodus from target-setting group is attempt to head off ‘anti-woke’ attacks from rightwing politicians, say analysts• Business live – latest updatesThe six biggest banks in the US have all quit the global banking industry’s net zero target-setting group, with the imminent inauguration of Donald Trump as president expected to bring political backlash against climate action.JP Morgan is the latest to withdraw from the UN-sponsored net zero banking alliance (NZBA), foll
  
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• HMRC urges Britons to check if they can 'boost' state pension with vital check

  08-01-2025 12:54 via express.co.uk
  
  People must act quickly if they find they are eligible, as HMRC's deadline is approaching.
  
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• Rachel Reeves has made her biggest mistake yet - and your tax bill is about to rocket

  08-01-2025 12:44 via express.co.uk
  
  Chancellor Rachel Reeves has made one costly error after another but now we're looking at the biggest. It will show up on your next tax bill.
  
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• Mark Zuckerberg has gone full Maga | Siva Vaidhyanathan

  08-01-2025 12:17 via theguardian.com
  
  It’s a mistake to describe the Meta CEO’s move as a retreat from ‘fact-checking’: it’s a retreat from limiting harm to usersMark Zuckerberg seems to have gone full Maga. Just two weeks before Donald Trump assumes power over the world’s most powerful government, the CEO and founder of the most powerful collection of Internet companies has decided to capitalize on what is sure to be a large and fast retreat from accountability and regulatory curbs on corporate n
  
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• Great Britain’s grid operator calls for extra electricity amid freezing weather

  08-01-2025 12:16 via theguardian.com
  
  Blackouts are not imminent, says Neso after asking power plant owners to increase generation to meet demandGreat Britain’s energy grid operator has asked power plant owners to provide extra electricity by Wednesday evening as freezing temperatures take hold.Demand for electricity is expected to climb between 4pm and 7pm as fresh weather warnings take effect across England, with snow expected as far south as London. Continue reading...
  
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• There is little the US can do to constrain Elon Musk. But here are some ideas | Robert Reich

  08-01-2025 12:11 via theguardian.com
  
  The tech billionaire is not the first person in history to be seduced by the thrill of unconstrained powerElon Musk repeatedly asserts, without evidence, that the British prime minister, Keir Starmer, covered up the abuses of young girls by gangs composed largely of British Pakistani men, in cases that date back to before 2010 when Starmer was head of Britain’s public prosecutions.“Starmer was complicit in the RAPE OF BRITAIN when he was head of Crown Prosecution for 6 years,”
  
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• 'Slash cost of car insurance' with money guru's easy five-step guide

  08-01-2025 12:01 via express.co.uk
  
  Nobody wants to pay over the odds for their car insurance. Luckily for us, a money saving guru has shared how to haggle a better deal.
  
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• Meta scrapped factcheckers ‘because systems were too complex’

  08-01-2025 11:43 via theguardian.com
  Comments by co-chair of oversight board Helle Thorning-Schmidt come as X CEO welcomes rival’s moveThe co-chair of Meta’s oversight board said the company’s systems had become “too complex”, as the chief executive of Elon Musk’s X welcomed its decision to scrap factcheckers.Helle Thorning-Schmidt, the co-chair of the social media company’s oversight board and the former prime minister of Denmark, has said she and the departed president of global affairs,
  
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• Want to sponsor a piece of ocean paradise? How one Pacific island’s novel response to rising seas is paying off

  08-01-2025 11:00 via theguardian.com
  
  The tiny nation of Niue has raised £3m selling sponsorship of its marine protected area at just over £100 for a square kilometreNiue, also known as the Rock of Polynesia, is one of the tiniest island states in the world. It takes a mere two hours to drive around it, giving views of its rugged limestone cliffs and occasional sandy coves. These coves give way to caves and chasms, once used for storage, burial sites and even as living spaces. But perhaps what visitors seek most are its
  
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• My disabled mother paid £500 to travel near an Avanti accessible toilet … and it was closed

  08-01-2025 08:00 via theguardian.com
  
  The nearest one was seven carriages away and my father couldn’t push her in a wheelchair that farMy disabled mother and elderly father recently travelled by train to London for the first time in years to celebrate a big birthday.They paid £500 for first-class tickets on Avanti West Coast, primarily for the use of an easily accessible toilet. However, it was a disaster. Continue reading...
  
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• UK music sales hit record high as Taylor Swift tops album sellers

  08-01-2025 06:00 via theguardian.com
  
  Spending on streaming subscriptions and physical sales hits £2.4bn as industry recovers from piracy and CD slump• Analysis: The UK music industry is reporting record revenues. The reality is much gloomierMusic lovers spent a record £2.4bn on streaming subscriptions and physical music last year as the UK music industry finally recovers from the digital revolution that ushered in rampant online piracy and the slow death of the CD.Subscriptions to streaming services such as Spotify
  
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• The UK music industry is reporting record revenues. The reality is much gloomier | Eamonn Forde

  08-01-2025 06:00 via theguardian.com
  
  We’re apparently spending more on music than any time since the CD era – but the calculation methods are archaic, and don’t reflect the low incomes for many artists• News: UK music sales hit record high as Taylor Swift tops album sellersIf the record business has learned anything during those brutal years between 2000 and 2014 when the CD market wobbled and then went into such sharp decline that it halved, it is to seek out good news stories wherever you can.The Entertainm
  
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• 'We need them': Trump vows to take Panama Canal and Greenland – video report

  07-01-2025 20:33 via theguardian.com
  
  Donald Trump is refusing to rule out using US military force to retake control of the Panama Canal and seize Greenland, citing economic security as a driving factor. The incoming US president explicitly declined to give assurances against using military or economic coercion when pressed about his plans regarding Panama and Greenland. Trump also cited taking control of Canada under 'economic force'. The remarks are likely to set off diplomatic alarm bells around the world as Trump prepares to ret
  
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• Cash makes surprise comeback amid 4.6% annual rise in ATM withdrawals

  07-01-2025 18:59 via theguardian.com
  
  Nationwide say use of coins and paper money is ‘thriving’ with budgeting trends such as ‘cash stuffing’ on the riseThe pandemic was supposed to usher in a cashless society, and many businesses have gone card-only – but Britons are finding it hard to let go of notes and coins.Cash is enjoying an unexpected comeback, reflecting the fact that, for many people, physical money remains the ultimate budgeting tool in tricky financial times. Continue reading...
  
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• Scenes of joy as first international flight since fall of Assad lands at Damascus airport – video

  07-01-2025 18:48 via theguardian.com
  Reunited families hugged and cried as they met for the first time in years. The Qatar Airlines flight arrived from Doha while 145 passengers travelled from Damascus to the United Arab Emirates earlier in the day. Most airlines had stopped international flights to and from Damascus after the Assad regime’s brutal crackdown on civil democracy protests in 2012Syria to resume international flights at Damascus airport Continue reading...
  
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