UK’s Crown Estate clears offshore wind expansion to raise energy output
To accelerate the UK’s energy transition and efficiently increase capacity, King Charles III’s Crown Estate, owner of Britain’s seabed, has approved the expansion of high-density wind farms on existing seabed leases. The Capacity Increase Programme aims to add 4.7 gigawatts of
CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report
CoreWeave, the fast-growing US-based AI data centre company, is planning to raise at least $1.5 billion in fresh debt to refinance a portion of its sizeable liabilities and support further investment, just weeks after a subdued public market debut, the
Panasonic to slash 10,000 jobs in 2025 amid Japan’s economic downturn
Panasonic will lay off 10,000 employees in 2025, targeting 5,000 jobs in Japan and another 5,000 overseas. The Osaka-based group, which employs nearly 230,000 people globally, is restructuring its operations after reporting a 17.5% drop in net profit to ¥366
India offers 9% tariff cut to fast-track $129 billion US trade deal
India is preparing to cut its average tariff differential with the US by nearly 9 percentage points—bringing it down from 13% to under 4%—in a major step toward securing exemptions from President Donald Trump’s current and potential tariff hikes. The
US trade deal is not a win for UK automotive industry
The new UK-US trade deal, announced with fanfare as a major step in transatlantic economic relations, offers little benefit to the UK’s automotive sector, according to the audit and tax experts at Blick Rothenberg.The deal — officially titled the General
Charity services at risk as rising staff costs hit support for vulnerable
Vulnerable beneficiaries are being left without essential support as charities across the UK are forced to scale back services or halt expansion plans due to surging operational costs, according to leading audit, tax and business advisory firm Blick Rothenberg.The warning
Over £18M raised: How Crowdfunder and Sport England are shaping the future of community sports funding through matched crowdfunding
More than £18 million has been raised for grassroots sport across the UK since 2018, thanks to a trailblazing partnership between Crowdfunder and Sport England — a milestone celebrated last week at a special event in the House of Commons.The
What the Bank of England’s interest rate cut means for your mortgage – and your savings
The Bank of England’s decision to cut interest rates from 4.5% to 4.25% is welcome news for mortgage holders and homebuyers, but less so for savers. The move, the fourth cut since August, comes amid global economic uncertainty, including concerns
Carmakers and engineers cheer UK-US trade deal as steel and auto tariffs slashed
British carmakers and manufacturers have welcomed the newly signed UK-US trade deal, which includes a significant reduction in tariffs on automotive and steel exports, offering long-awaited relief to key industrial sectors.The agreement — the first struck under President Trump’s renewed
John Lewis to open more cafés and restaurants to boost footfall
John Lewis is expanding its café and restaurant offering in a renewed effort to drive footfall, enhance the in-store experience, and re-establish itself as a destination retailer for middle England.The department store group has announced plans to open five new