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Business

  • Starmer hands police details on Mandelson alleged leaks to Epstein

    February 3, 2026

    Keir Starmer has shared government assessments on Lord Peter Mandelson’s alleged leaking of sensitive information to Jefrrey Epstein with the police after it was confirmed that several parties, including Nigel Farage’s Reform UK, had referred the matter to the authorities. The Cabinet Office shared details on emails from the former business secretary to the paedophile [...]

  • Yoghurt giant Muller takes on HMRC over corporation tax in legal battle

    February 3, 2026

    The makers behind Muller Corner and Muller Rice are taking the UK tax authorities to court over a long-running dispute about corporation tax. Muller UK and Ireland Group, Muller Dairy UK, Robert Wiseman and Sons, and TM UK Production are in a battle with HMRC over whether a company can claim tax breaks on ‘goodwill’ [...]

  • Farage’s Reform UK backtracks on key benefits policy to support pubs

    February 3, 2026

    Nigel Farage’s Reform UK has ditched its backing of Labour to support the scrapping of the two-child benefit cap as it set out policies to back pubs facing rising costs.  In May last year, Farage said the party backed lifting the two-child benefit cap as part of a string of proposals to boost birth rates [...]

  • ICO opens probe into Elon Musk’s Grok AI over sexualised content

    February 3, 2026

    The Information Commissioner’s Office (ICO) has opened investigations in relation to the Grok AI system and its potential to produce harmful sexualised image and video content. The probe into the tech tool owned by Elon Musk’s Internet Unlimited Company (XIUC) and X.AI comes after the chatbot made headlines last month over the generation of explicit, [...]

  • Waymo raises $16bn ahead of London launch

    February 3, 2026

    Alphabet-owned Waymo has raised $16bn (£12.6bn), valuing the self driving vehicle company at $126bn, as its London launch edges closer. The investment round, led by Dragoneer, DST Global and Sequoia, comes as the firm steps up preparations for its UK debut, with its cars already spotted testing on the streets of the capital. London is [...]

  • Musk’s SpaceX swallows xAI ahead of mega IPO

    February 3, 2026

    Elon Musk’s rocket company SpaceX has acquired his AI firm xAI in a deal valuing the combined business at roughly $1.25 trillion (£910bn) as the billionaire tightens control of his empire, ahead of a long-trailed IPO. The all-stock transaction, announced on SpaceX’s own website on Monday, values SpaceX at about $1 trillion, and xAI at [...]

  • Insurance industry must do more to build consumer trust, says FCA deputy executive

    February 3, 2026

    The insurance industry must do more to build consumer trust amid outdated practices and a flurry of corporate scandals, the boss of Britain’s financial regulator has said. Speaking at the annual Association of British Insurers conference, Sarah Pritchard, deputy chief executive of the Financial Conduct Authority (FCA), noted that despite ongoing innovation within the sector [...]

  • ‘Very clever’ – Mandelson shared sensitive advice with Epstein at height of Eurozone drama

    February 3, 2026

    Peter Mandelson sent Jeffrey Epstein sensitive advice concerning the liquidity of the UK financial system and the stability of the euro that had been shared with Prime Minister Gordon Brown. In the exchange, which took place in May 2010 at the height of the Eurozone debt crisis and in the turbulent political aftermath of the [...]

  • Bank of England names first fintech cohort for scale-up regulator

    February 3, 2026

    The Bank of England has named the first handful of UK fintech talent which will be overseen by the new regulatory ‘Scale-Up’ unit. Small business lenders OakNorth and Allica Bank – which was named the fastest-growing fintech ever by Deloitte – were listed as two of the firms that had been accepted into the first [...]

  • NFL chiefs back Bad Bunny Super Bowl LX show amid Trump protest fears

    February 3, 2026

    NFL chiefs have defended choosing Bad Bunny to headline the Super Bowl LX half-time show amid fears he will ignite a row over President Trump’s immigration crackdown. The Puerto Rican declared “ICE out” at the Grammy Awards on Sunday in protest at federal agents’ hardline approach, including the fatal shooting of two people in Minneapolis [...]

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