Bloomberg via Getty ImagesThe Spectator magazine has been sold for £100m to Sir Paul Marshall, the hedge fund tycoon and a major investor in GB News.The sale of the right-leaning magazine, which counts former Conservative Prime Minister Boris Johnson among its previous editors, comes after around 20 bidders expressed interest in an auction.The Spectator went back on sale earlier this year after an Abu Dhabi-backed bid for the magazine as
ReutersApple has been told to pay back €13bn (£11bn; $14bn) in unpaid taxes to Ireland by the European Court of Justice. The EU Commission accused Ireland of giving Apple illegal tax advantages eight years ago but the Irish government has consistently argued against the need for the tax to be paid back.“The Court of Justice gives final judgment in the matter and confirms the European Commission’s 2016 decision: Ireland granted
The new full state pension is set to rise by £460 a year from April, following the release of the latest official wages data.Total pay in the May to July period rose at an annual rate of 4%, according to the Office for National Statistics (ONS).Under the arrangement called the "triple lock", the state pension goes up each year by either 2.5%, inflation, or average earnings - whichever is the
Damien JemisonThe National Ignition Facility in California uses powerful lasers to spark fusion reactionsDeep under the Nevada desert in the 1980s the US conducted secret nuclear weapons research.Among the experiments was an effort to see if nuclear fusion, the reaction which powers the sun, could be sparked on earth in a controlled setting.The experiments were classified, but it was widely known among physicists that the results had been promising.That knowledge
The government is warning of a "grim" September with up to 6,000 jobs set to be cut across the steel and oil refining industries, the BBC understands.A total of 2,800 jobs are set to go at Port Talbot in Wales, while up to 3,000 jobs are expected to be axed at British Steel in Scunthorpe. A further 400 will be cut at Scotland's Grangemouth oil refinery.Unions' hopes that investment from
Getty ImagesWith business slumping, Apple has been under pressure to show what it will offer buyers to jumpstart a new wave of iPhone sales.On Monday, the technology giant revealed its hand - the iPhone 16 which has a camera button on the outside of the handset.The button is an external clue to the changes Apple said it had made inside its latest smartphone, aimed at harnessing the latest in artificial
Alan Bates led a group of 555 sub-postmasters in a landmark court case against the Post Office, which came to wider public attention after it was depicted in an ITV drama.While the cohort secured a £42.5m settlement in 2019, the huge costs of going to the High Court meant each claimant received a relatively low compensation pay-out at the end of it.The Group Litigation Order (GLO) scheme was set up
ReutersSir Keir Starmer has defended his "tough" decision to cut winter fuel paymentsDowning Street has said there are no plans to give further mitigations to pensioners who have lost their winter fuel payment.Prime Minister Keir Starmer and his cabinet "agreed" on the importance of scaling back the benefit, his spokesperson said.They said Sir Keir told ministers “tough decisions” were necessary to fix “the foundations of our economy”, at a cabinet
Ministers are preparing to announce that an agreement has been reached to give Tata Steel a grant of £500m towards the cost of its electric arc furnace.Union sources say the agreement comes with assurances over future investments, including the potential to build a steel plate facility in Port Talbot for floating offshore wind turbines.The previous Conservative government had agreed in principle to give Tata Steel the £500m grant towards the
Workers from Asda have held demonstrations to mark the start of an equal pay claim involving more than 60,000 staff. The GMB union said the supermarket chain's predominantly female retail workforce is paid up to £3.74 an hour less than the mainly male staff in warehouse roles.Staff held a protest in Manchester earlier, where the case has been brought before an employment tribunal, to call for pay parity.Asda said it
