Interest rates

After major investor Volvo decided to decrease its stake and cut funding for Polestar early this year, the EV company went in search of $1.3 billion of new funding. It raised a $950 million lifeline three-year loan from a banking syndicate…

WeWork is set to become a smaller—and potentially rightsized—company. Following a final hearing on its bankruptcy plan Thursday morning, the coworking pioneer will have fewer locations, a new influx of capital, and $4 billion in debt wiped…

Rishi Sunak's "kamikaze" spending plans risk sending interest rates soaring and could plunge the UK back into recession, Labour has claimed. At an emergency press conference in central London, Shadow Chief Secretary to the Treasury warned…

Voters will go to the polls on July 4 as Rishi Sunak finally named the date for the general election. The Prime Minister has been under pressure for months to call a vote, which must be held by January 2025 at the latest by law. But he…

The white colonial revival church with its high steeple adds an idyllic architectural touch to the affluent town of Huntington, a Long Island suburb of New York City. But a sign grabs the eye from the road: “Coworking space,” it says. “Kind…

Rachel Reeves will accuse Rishi Sunak and Jeremy Hunt of “gaslighting” the British people about the state of the economy.In a speech in the City of London on Tuesday, the Shadow Chancellor will warn they are “completely out of touch” with…

Nancy Chockley’s $12 million home sits next to a ski slope in Vail, Colorado. It has a chef’s kitchen with sleek appliances, a family room with a modern fireplace, a balcony with mountain views, and four bedrooms that sleep up to 12 guests.…

A London housing shake-up might save councils £1.5billion by letting them purchase reasonably priced properties, economists imagine.A brand new report revealed right now says Mayor Sadiq Khan's plan to let native authorities purchase 10,000…

Sasha Luccioni, an AI researcher in Montreal, responded to WIRED's story to say it was “10,000 percent true!” She added that over-the-top interviews are a long-established problem in parts of the industry. During a past job search, she…

Bank revenue sickly wealthyWhen so many households are scuffling with payments, the obscene earnings made by the Big Four banks will stick within the craw. Lloyds, Barclays, HSBC and NatWest raked in £44billion between them final 12 months.…