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BusinessNorth Sea strikes could severely disrupt UK fuel supplies, union warns
More than 160 offshore rig workers plan walkout amid rising tensions between unions and oil companies North Sea workers are preparing to strike at oil rigs across the ageing basin over the coming weeks in a sign of growing tensions between trade unions and oil companies.The Unite union said on Monday that more than 160 offshore rig workers would take part in a 24-hour strike from Wednesday that could “severely disrupt” UK fuel supplies. Continue reading...
BusinessVinted blocks French looters listing stolen goods for sale
The platform said since the weekend it had "taken immediate action to idenitify and remove listings linked to looting".
BusinessOfcom investigates Huw Edwards complaint over Channel 5 drama
Former BBC presenter says programme starring Martin Clunes gave a misleading and unfair account of his downfallBritain’s media regulator is investigating a complaint from the former BBC news presenter Huw Edwards about a Channel 5 drama depicting his downfall.Ofcom said it was investigating Power: The Downfall of Huw Edwards, which starred Martin Clunes and was broadcast earlier this year, under its “fairness and privacy” rules. Continue reading...
BusinessMasts removed from bomb-laden WWII ship in Thames in bid to avoid explosion
American warship sank in 1944 with approximately 1,400 tonnes of munitions onboardA sunken US wartime ship in the Thames estuary holding enough unexploded bombs to devastate a Kent coastal town and send a tidal wave through London has been made slightly safer, ministers have announced.Engineers have removed the masts of the SS Richard Montgomery – a second world war cargo ship that sank in 1944 with approximately 1,400 tonnes of munitions onboard – without triggering the kind of feared explosion that has kept the wreck under constant guard for decades. Continue reading...
Business‘Concerning issues’ found at GB power grid by inquiry into cover-up claims
Neso control room staff accused senior executives of covering up extent of blackout risks during June heatwaveIndependent investigators have found significant and concerning “cultural issues” at Great Britain’s grid operator after control room staff accused senior executives of covering up the extent of blackout risks in the UK during the June heatwave.An external legal firm tasked with investigating a series of whistleblower allegations against the National Energy System Operator (Neso) raised concerns over how high levels stress among control room engineers was handled by the company. Continue reading...
BusinessBikes 'not for jousting,' says Lime after duel video
Footage emerged on social media of hundreds of people gathered in east London to watch a bike joust.
BusinessFrance hit by debt sell-off as violent protests unnerve investors
Difference between French and German borrowing costs widens after public buildings burned and shops lootedBusiness live – latest updatesFrance has been hit by a fresh wave of selling in its bond and stock markets after violent protests over the weekend led to thousands of arrests and left public buildings burned and hundreds of shops looted across the country.The chaos has spooked investors as analysts worried that it would undermine Paris’s efforts to cut spending and reduce its debt. Continue reading...
BusinessBank of England said to be reviewing Barclays’ handling of private credit loans
Concerns financial contracts known as derivatives were incorrectly logged, potentially boosting Barclays’ profitsThe Bank of England is reportedly looking into Barclays’ handling of loans linked to the embattled private credit sector.The Bank’s regulatory arm, the Prudential Regulation Authority (PRA), started reviewing the matter this year after concerns were raised by a Barclays insider, according to the Financial Times. Continue reading...
BusinessPeople scour strait of Hormuz for spilt cargo after Iran attacks container ships
At least 15 vessels struck in waterway in past 10 days, with rumours that they were carrying valuable goodsPeople have been scouring the strait of Hormuz for spilt cargo after Iran attacked at least 15 container ships passing through the crucial waterway in the past 10 days.Some ships have been hit by drones, others by mines. On Sunday, a ship was struck by a rocket-propelled grenade launched from a small boat 75 miles (120km) north-east of the Saudi port of Jubail. Continue reading...
BusinessThe Canary news website announces closure after ‘vicious campaign against us’
Leftwing outlet said it had faced ‘multiple attacks’ and ‘malicious lies’ which made its situation unsustainableThe leftwing news site the Canary has announced that it is closing indefinitely. Earlier this year the media outlet was blocked from accessing funds and has faced allegations of internal turmoil.The outlet, founded in 2015 at the height of support for the then Labour leader, Jeremy Corbyn, said in a social media post it would be closing “for the foreseeable future”. Continue reading...