Category: News

Tesla’s board has proposed a record $1 trillion compensation deal for Elon Musk, tied to ambitious milestones including an $8.5 trillion market cap, 20m vehicle deliveries, and one million Robotaxis.

Angela Rayner has quit as deputy PM and housing secretary after the prime minister’s ethics adviser found she should have paid a £40,000 stamp duty surcharge on a second home, prompting a rapid cabinet reshuffle and a Labour deputy leadership contest.

UK firms are shedding jobs at the sharpest rate since 2021, with 160,000 posts lost since October’s £25bn payroll tax rise. Retail and hospitality have been hit hardest as businesses warn of further hiring freezes.

Kevin Maxwell, brother of Ghislaine Maxwell, is battling to avoid bankruptcy after being chased for nearly £600,000 linked to collapsed fund Fortress Capital Partners, which administrators say bore “all the hallmarks of a Ponzi scheme.”

Veuve Clicquot has opened nominations for the 2026 Bold Woman Award and Bold Future Award, celebrating female leaders and entrepreneurs who embody Madame Clicquot’s pioneering spirit. Deadline: 26 September.

Tottenham Hotspur’s long-serving chairman Daniel Levy has stepped down after almost a quarter of a century at the club. Levy, who oversaw Spurs’ transformation into a €891m squad after this year’s Europa League triumph, departs amid fan criticism and sweeping boardroom changes.

Italian fashion designer Giorgio Armani, founder of the Armani empire and one of the most influential names in global fashion, has died at 91 after missing Milan fashion week due to ill health.

The National Centre for Universities and Business (NCUB) has secured a new four-year funding commitment from Research England to boost collaboration between academia and industry.

Lloyds Bank is set to review staff performance in a cost-cutting overhaul that could see 3,000 roles cut, as chief executive Charlie Nunn pushes to offshore jobs and embed a high-performance culture.

Deputy Prime Minister Angela Rayner has admitted she underpaid tax on her £800,000 Hove property, saying she relied on incorrect legal advice. She has referred herself to HMRC and the ministerial standards adviser.

The yield on 30-year UK gilts has climbed to 5.75%, the highest since 1998, amid a global sell-off in long-dated government debt. Rising borrowing costs heap pressure on Rachel Reeves ahead of the 26 November budget.

After 23 years together on Top Gear and The Grand Tour, Jeremy Clarkson, Richard Hammond and James May have wound down their joint company W. Chump & Sons, closing the door on their TV partnership.

The Scotch Whisky Association has called on Chancellor Rachel Reeves to announce a multi-year freeze on spirits duty in the 26 November budget, warning rising taxes are harming pubs, restaurants and Scotland’s economy.

Jaguar Land Rover has suffered a crippling cyber incident that forced it to shut down systems, halt production at its Halewood plant, and suspend new car registrations. The company says no customer data has been stolen.

Andy Summers and Stewart Copeland have launched legal action against Sting, claiming credit for The Police’s 1983 global hit ‘Every Breath You Take’ more than four decades after its release.