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Business

  • Wes Streeting urges Labour to help youth ‘as an emergency’ 

    May 20, 2026

    Wes Streeting has called on the government to support young people “as an emergency” in a resignation speech that accused Sir Keir Starmer of leading a losing battle against Reform UK.  Streeting said he supported Chancellor Rachel Reeves’ economic agenda before the Iran war broke out and upended policy-making, though he suggested the Labour leadership [...]

  • Fintech boss defends sacking entire HR department for ‘creating problems that didn’t exist’

    May 20, 2026

    US fintech Bolt has become the latest company to openly link job cuts and restructuring to AI, after chief executive Ryan Breslow defended scrapping the firm’s HR department during a recent round of layoffs. Speaking at a Fortune event Breslow said Bolt’s HR function had become counterproductive as the company attempted to streamline operations. “We [...]

  • Bezos calls taxing low-paid Amazon workers ‘absurd’

    May 20, 2026

    Jeff Bezos has said low-paid Americans should pay no federal income tax, describing the idea of taxing some Amazon workers as “absurd”, as the billionaire founder renewed his criticism of the US tax system. Speaking to CNBC on Wednesday, Bezos said the “bottom half” of US taxpayers should pay zero federal income tax, arguing the [...]

  • DR Congo: Fears Fifa World Cup could be Ebola superspreader event

    May 20, 2026

    The Democratic Republic of Congo’s participation in the Fifa World Cup is under threat after an Ebola outbreak led to a US travel ban on the African nation. Health reports suggest there are over 500 suspected cases of the contagious disease in the DRC, with over 125 deaths. It is not yet being classed as [...]

  • BDO picks US audit leader for senior partner role

    May 20, 2026

    Mid-tier advisory firm BDO’s equity partners have voted to name Iain Henderson as the firm’s next senior partner. Henderson will take office on 1 October 2026, succeeding Matthew White, who will have completed his maximum of two four-year terms in the senior leadership role. Unlike the role of managing partner, the senior partner oversees the [...]

  • Taxpayers on the hook over ‘dangerously outdated’ government IT systems

    May 20, 2026

    One in four government computer systems are running on outdated technology, a new report has found, with taxpayers having to pay more for failures across Whitehall.  The findings, published by Westminster think tank Re:State and supported by Ark Data Centres, reveal that nearly a quarter of the 319 central government systems assessed as of January [...]

  • Starmer scrambles to limit fuel shortage hit

    May 20, 2026

    Sir Keir Starmer has spelt out a number of policies to address fuel shortages, signalling the government’s fears that the Iran war could hit motorists and households.  During Prime Minister’s Questions, Starmer defended an announcement last year to “phase” new sanctions on Russia, while also trailing a policy to freeze a 5p fuel duty cut [...]

  • New Married At First Sight series still in edit despite ‘troubling’ allegations

    May 20, 2026

    Channel 4’s new chief executive, Priya Dogra, has said allegations surrounding Married at First Sight (MAFS) UK were “really hard to watch”, as the broadcaster weighs the future of the hit reality show while the next series remains in edit. Dogra confirmed on Wednesday that no decision had yet been made on whether the upcoming [...]

  • Housebuilders on hook for mansion tax if they fail to sell property after a year

    May 20, 2026

    Property developers will be forced to pay the Labour’s new mansion tax if they take more than a year to offload newly built luxury homes, raising fresh fears that housebuilders will be further disincentivised from building homes in the capital. As part of plans included in a Treasury consultation document, housing developers will be liable [...]

  • Uefa warns Kang and London City Lionesses over multi-club rules

    May 20, 2026

    Uefa has warned Michele Kang and other investors that women’s football will not be granted an exception to its rules on multi-club ownership. It means US billionaire Kang may have to sell or place into a blind trust either French side OL Lyonnes or London City Lionesses if they both qualify for European competition in [...]

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