The sector regulator has banned nine water companies from using their customers’ money to fund “undeserved” bonuses. Ofwat said it had stepped in to use its new powers on water companies that cannot demonstrate that bonuses are sufficiently linked to performance. Blocked payments amount to 73% of the total executive rewards offered across the industry. … Read more
Google must sell its Chrome browser to restore competition in the online search market, US prosecutors have argued. The proposed separation was outlined in a 23-page document filed by the U.S. Department of Justice. It also calls on lawmakers to impose restrictions intended to prevent its Android smartphone software from favoring its own search engine. … Read more
Nvidia, the chipmaker behind the artificial intelligence (AI) boom, saw its share price fall again following its earnings release amid continued constraints on the chain supply. Its third-quarter trading update showed that demand for its cutting-edge generative AI chips would continue to outstrip supply for at least another year. Some might say it’s a nice … Read more
Private equity firm Cinven is in advanced talks to acquire a major stake in Grant Thornton UK, a deal believed to be among the largest ever in the UK audit industry. Sky News has learned that Cinven is close to agreeing a deal to acquire the stake, with sources suggesting on Wednesday it could be … Read more
Inflation jumped to 2.3% in October – a six-month high. An increase in household energy bills contributed to this higher than expected reading. Economists had forecast a figure of 2.2% after a three-year low of 1.7% in September. But how does all this affect the cost of groceries, clothing and leisure activities? Use our calculator … Read more
Jaguar has left people perplexed with a new glossy ad that doesn’t show any cars. The British luxury vehicle maker released an advert featuring a series of models, dressed in brightly colored clothing, emerging from an elevator into a stark landscape. They are then seen in various poses as different slogans appear on screen, including … Read more
The governor of the Bank of England said industry lobby group the British Retail Consortium (BRC) was right to warn of job losses resulting from the Budget. There is a “risk” of rising unemployment due to increases in employers’ national insurance contributions and increases to the minimum wage announced by Chancellor Rachel Reeves last month, … Read more
Three workers died Tuesday afternoon during a car test at a Hyundai factory in South Korea, police said. The three men were found unconscious in a car while testing it in a “room” at the factory in the southeastern city of Ulsan, according to a union official. Two of the workers were Hyundai researchers involved … Read more
Empty Stop & Shop shelves across Massachusetts after parent company hacked Empty Stop & Shop shelves across Massachusetts after parent company hacked 02:39 FRAMINGHAM – Stop & Shop stores in Massachusetts had empty shelves Monday due to a cyberattack. Empty Stop & Shop shelves People who entered the store, ready to stock up before Thanksgiving, … Read more
Four suspects have so far been identified by police investigating possible criminal charges in the Post Office scandal, Sky News has learned. Sources said among the offenses being considered are perverting the course of justice and perjury. Hundreds of deputy postmasters were wrongly prosecuted for stealing from their branches between 1999 and 2015 after faulty … Read more