UK economy grew faster than estimated since Covid
New figures show the economy has grown by 1.8% since the start of the pandemic, outpacing France and Germany.
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Evergrande: Anxious Chinese home buyers reel from crisis
As China's housing crisis grows, so have fears that dreams of home ownership have been bulldozed.
UK on track for record tax levels, IFS think tank says
A study says taxes will reach 37% of national income by next election - the highest since 1948.
HS2: Unions call for emergency summit on rail line's future
The TUC says stakeholders in the high-speed rail line must be brought together "urgently".
No plane Jane: World’s first flying car has grand reveal two years before launch date
Alef Aeronautics' fully electric Model A can be driven up to 200 miles — and launch vertically into the air with a flying range of 110 miles.
Campaigners call for more energy support for vulnerable households
Charities and consumer groups say many people will struggle to pay their energy bills again this winter.
Diamond Sports seeks to cut NBA, NHL fees in last-ditch bid to survive another year: sources
The Sinclair subsidiary, which declared bankruptcy in March with $9 billion in debt, owns the broadcast rights to 15 NBA teams and 12 NHL teams as both leagues prepare to open their seasons next month.
Russian oligarch rented out landmark NYC mansion days before getting hit by US sanctions: sources
Alexey Kuzmichev -- who has been accused of helping fund Vladimir Putin’s war on neighboring Ukraine -- had bought four floors in the seven-story Atterbury Mansion at 33 E. 74th for $42.7 million in 2016.
Working part-time at uni risks worsening inequalities, warns think tank
As the cost of living rises nearly half of universities now promote part-time jobs on their websites.
England's single-use plastics ban does not tackle takeaway boxes, warns Greenpeace
Plastic cutlery is banned in England from Sunday but plastic containers for takeaway meals are not.
Train strikes could continue into Christmas, as fresh disruption begins
The leader of the Aslef union has not ruled out industrial action over the festive period.
How RedBird founder Gerry Cardinale built a star-studded empire
There are very few celebrities we’d do business with. But if you look at Dwayne Johnson, LeBron James, Ben Affleck, Matt Damon, Tom Cruise — they all come with a business mind and you can build businesses around them.
Dish haunted by Boost Mobile founder in prepaid phone wars
The founder of Boost Mobile, which Dish acquired in 2020, is back on the scene with an announcement he’s joined forces with Walmart for his latest venture.
Texas Gov. Greg Abbott rings closing bell at New York Stock Exchange
The Texas Capital Texas Equity Index ETF, whose holdings include Tesla and Exxon Mobil, began trading on the stock exchange on July 14.
How Meta wins even if its new AI assistant fails
At its annual developer conference this week, Meta announced a slew of new AI-related products , including Meta AI, a conversational AI assistant that will be available on WhatsApp, Messenger, and Instagram in the US. The chatbot will also be incorporated into Ray-Ban smart
Ex-Goldman analyst charged with insider trading, allegedly tipped off friends
Anthony Viggiano and three others face years in prison if convicted of the charges laid out by the Securities and Exchange Commission.
Trump’s sale of Bronx golf course to Bally’s worth as much as $100M: sources
Whatever the final outcome, the Trump Organization is poised to pocket tens of millions of dollars from the agreement, even as it appeals the judge’s ruling, sources said.
Oakland Target to close after cops were called more than 100 times over smash and grab thefts, fights
Retail giant Target will close its only location in Oakland, Calif. next month after the downtown location received over 100 emergency calls from thefts to hit-and-run incidents.
Black Tesla workers allegedly harassed with swastikas, nooses: EEOC lawsuit
Tesla has failed to investigate complaints of racist conduct and has fired or otherwise retaliated against workers who report harassment, the EEOC said in the suit.
If GameStop’s new CEO flames out, he’ll have no one to blame but himself
Ryan Cohen made his name—and his fortune—at Chewy, co-founding the online pet store before, selling it to Petsmart for $3.35 billion before it went public as an independent company in 2019. Read more...
Forbidden Apple: Google trial secrets remain hard to unlock
Conservative groups are clapping back against Google’s efforts to keep its secretive relationship with Apple under lock and key.
Luxury lingerie maker La Perla hasn’t paid US employees in a month, sources say
“We had assumed based on assurances that the funding would be available latest yesterday,” La Perla director Peter Shaefer wrote in a companywide email on Tuesday that was obtained by The Post. "Unfortunately this did not happen."
Gary Gensler accused of hypocrisy in SEC crusade over use of private messaging apps
In 2013, the Office of the Inspector General raised concerns about Gensler’s “use of personal email to perform official business.”
“Hot strike summer” was just the beginning of labor’s grappling with climate change
After the summer of 2023, the hottest in recorded history , it is not just laborers but labor itself that is in the hot seat. Workers who spend their days exposed to the elements may find respite as the seasons turn, but as more of the world starts responding to climate change,
Billionaire Ray Dalio warns of impending debt crisis as government shutdown looms
Ray Dalio believes the US is going to have a debt crisis and is closely watching the “risky” fiscal situation, CNBC reported on Thursday, citing an interview with the billionaire investor. “How fast it transpires, I think, is going to be a function of that supply-demand issue,
Out-of-pocket healthcare costs are $15 billion higher for US women than men
Out-of-pocket healthcare expenses cost women $15 billion more per year than men in the US, according to a recent report (pdf) by Deloitte. The report analyzed health insurance data from 2017 to 2022, and raises questions about how businesses and health insurers can help
‘Fortnite’ maker Epic Games laying off 16% of workforce
Epic Games CEO Tim Sweeney announced in a memo on Thursday that the "Fortnite" maker would be laying off 16% of its workforce.
Microsoft weighed taking massive loss on Apple deal to compete with Google search, exec says
DOJ lawyers say Google relies on default search engine deals to build an illegal monopoly.
Ultra Right Beer claims ‘record-breaking sales’ from can bearing Trump’s mugshot
Ultra Right Beer — the “100% woke-free” beverage brand launched after Bud Light’s disastrous tie-up with Dylan Mulvaney — claims it raked in $500,000 in the 12 hours following its release of a beer can that bears former President Donald Trump’s mugshot. Founder Seth Weathers
Disney fans lament closure of ‘Star Wars: Galactic Starcruiser’ hotel
Die-hard "Star Wars" fans lamented the demise of their sci-fi movie-themed hotel -- despite the $400M resort turning into a much-panned flop for the Mouse House.
Uber, DoorDash lose bid to block NYC minimum wage for delivery workers
The law will require companies to pay delivery workers $17.96 an hour, which will rise to nearly $20 in April 2025.
Pava LaPere’s grisly murder sparks fresh fears of Forbes 30 under 30 ‘curse’
The brutal slaying of Baltimore tech CEO Pava LaPere is sparking fresh fears of a supposed “curse” in making Forbes’ prestigious 30 under 30 list of young business powerbrokers. The battered body of the 26-year-old EcoMap Technologies co-founder was found Monday on the rooftop
Mortgage rates jump to 23-year high, adding more pain for homebuyers
The average rate on the benchmark 30-year home loan rose to 7.31%, from 7.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.70%.
Government shutdown 90% likely, could last up to three weeks: Goldman Sachs
Goldman Sachs' chief economist Jan Hatzius said a government shutdown is 90% likely to occur, and he expects it to last two to three weeks.
Sam Bankman-Fried warned by judge he may face ‘very long sentence’ if convicted
US District Judge Lewis Kaplan's comments came just before he denied the 31-year-old former billionaire's request to be released from jail temporarily during the trial to better help his lawyers mount his defense case.
Fortnite maker Epic Games cutting 16% of workforce
The company says it is shedding the staff because it's spending "way more" than it earns
OpenAI in talks with ex-Apple design chief Jony Ive to create ‘iPhone of artificial intelligence’
Ive, 56, is the British-American designer who is viewed as the brains behind iconic products including the iMac, iPod, iPhone, and iPad.
