Money Moves

Small companies that supply parts for Jaguar Land Rover (JLR) are being asked by banks to provide personal guarantees, including family homes, as collateral for emergency loans. This request follows a significant cyber-attack on JLR, which halted production and left parts manufacturers without income for over a month. JLR, the largest automotive employer in the […]

Economists have reacted positively to the White House’s decision to withdraw the nomination of EJ Antoni as head of the Bureau of Labor Statistics (BLS), the agency responsible for reporting important economic data. Antoni, the chief economist at the conservative Heritage Foundation, was nominated by President Donald Trump in August following the dismissal of Erika

The UK government has renewed its demand for access to Apple’s cloud storage service, specifically targeting British citizens. This request involves a technical capability notice (TCN) that seeks a backdoor into the encrypted cloud backups of UK users’ data. Previously, the Home Office aimed to access data from Apple’s advanced data protection (ADP) service on

The UK government has recently provided a loan guarantee aimed at supporting Jaguar Land Rover (JLR) and its supply chain, as announced by Business Secretary Peter Kyle. This guarantee covers up to 80% of a £1.5 billion loan that JLR obtained from a commercial bank, which may allow JLR to secure more favorable borrowing rates.

Lisa Cook, a governor at the U.S. Federal Reserve, will retain her position for the time being, despite former President Donald Trump’s efforts to remove her from the board. The U.S. Supreme Court has postponed any action on the Department of Justice’s request to allow the president to terminate Cook until oral arguments are presented

A recent feedback request from NatWest has drawn attention for its unusual focus on a cash deposit machine. A customer noted the request, asking how likely they would be to recommend the NatWest Didsbury Wilmslow Road location based on their experience with the machine, raising questions about the necessity and relevance of such feedback. In

Toy manufacturer Jellycat has announced a plan to distribute £110 million in dividends to its owners, following a significant increase in annual profits for the year 2024. The company’s before-tax profits reached £139 million, more than doubling from £67 million in the previous year. Jellycat, known for its popular cuddly toys, reports a 66% rise

Labour is considering implementing a fee for workers who wish to take their employers to court, as part of efforts to address pressures from businesses and financial constraints within the Ministry of Justice. This proposal, reminiscent of a plan from the previous Conservative government, has raised concerns among unions. Reports indicate that an agreement was

French authorities are currently investigating the oil tanker Boracay, which is subject to sanctions and is suspected of being part of Russia’s “shadow fleet.” The vessel was among four Russia-linked ships present near Denmark at the time of drone sightings on September 22 and 24, which led to airport closures. Boracay, carrying 750,000 barrels of

A medical supply company, PPE Medpro, has been ordered to pay £122 million in damages following a High Court ruling that determined the company breached a government contract regarding the supply of personal protective equipment (PPE) during the Covid-19 pandemic. The Department of Health and Social Care initiated legal action against PPE Medpro, alleging that