Money Moves

Boston Metal, a green steel start-up based in Woburn, Massachusetts, is exploring innovative methods for producing steel using electricity, which could have less environmental impact compared to traditional methods. Their process involves using electricity to extract iron from ore through a high-temperature mixture within an electrolyte, thereby separating molten iron from impurities. Typically, steel production […]

The Babcock shipyard in Rosyth, Fife, is poised to secure a contract worth over £1 billion to construct four frigates for the Danish navy. The yard, which is part of the British defense company Babcock International, is also one of two finalists for a separate Swedish navy contract for up to seven Type 31 ships.

Stephen Miran, nominated by President Donald Trump to fill a vacancy on the Federal Reserve Board, stated during his confirmation hearing that he does not plan to resign from his position as chief of the Council of Economic Advisers if confirmed. This announcement has raised concerns among some Democrats, who fear that his appointment could

Jaguar Land Rover (JLR) has directed factory employees to remain at home until at least Tuesday, following a cyber attack that occurred over the weekend. This incident has led to the shutdown of vital IT systems, significantly impacting both car production and sales. Production is currently suspended at JLR facilities in Halewood, Merseyside, and Solihull,

Charities and community organizations are experiencing an increased demand for second-hand school uniforms. Barnardo’s in Frome has made a call for donations due to the heightened interest, while parents in Somerset have established Facebook groups to facilitate exchanges and donations. The Community Hub in Chard has introduced a pre-loved school uniform shop that operates on

On Thursday, many online video game stores experienced outages as they dealt with the demand for “Hollow Knight: Silksong,” a highly anticipated sequel to the original “Hollow Knight,” which was released in 2017. The game’s release at 15:00 BST led to numerous reports from users on the PC platform Steam, who found themselves unable to

CrossCountry train drivers, represented by the Aslef union, are set to strike on 3 October due to concerns that the company has not adhered to agreed disciplinary and grievance processes. In addition, Aslef members will decline to work non-contractual overtime starting 21 September. The union cites a “persistent refusal” by CrossCountry to follow established procedures

UK government long-term borrowing costs have decreased after reaching their highest level since 1998 earlier this week. The yield on 30-year government bonds fell to 5.55%, down from a peak of 5.75% on Wednesday. While bond yields have been increasing globally, concerns about UK government finances persist. Bank of England governor Andrew Bailey stated that

Lloyds Banking Group has announced a performance evaluation that may put thousands of jobs at risk. The firm plans to identify the bottom 5% of its workforce, informing these employees that they could face redundancy if their performance does not improve. This initiative marks the second occurrence of mass job concerns at Lloyds in under

The Alliance for Creativity and Entertainment (ACE), in collaboration with police in Egypt, announced the shutdown of Streameast, a prominent source for illegal sports streaming, which reportedly received over 1.6 billion visits in the past year. The site provided unauthorized access to live broadcasts of various sports, including Premier League football, Formula One racing, and