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Customers sue maker of popular On Cloud shoes over ‘noisy and embarrassing’ squeaks
Athletic shoe company On is facing a lawsuit from customers who claim that its popular sneakers make a “noisy and embarrassing squeak”. The “CloudTec” sneakers typically cost around $200 (£150) and have holes in the sole designed to make users feel like they are “running on clouds”. Instead, the lawsuit says, they cause issues in…
Bigger than the Shard: Banking giant announces new £10bn office
PA Media The new development could bring 7,800 jobs to the area Global banking giant JP Morgan Chase has announced plans to build a new tower in Canary Wharf, claiming it will boost the UK’s economy by £10bn. The firm said at three million square feet (280,000 sq m), the building would have double the…
Home Office ‘squandered billions’ on asylum accommodation, MPs say
The Home Office has “squandered” billions of pounds of taxpayers’ money on asylum accommodation, according to a report by a committee of MPs. The Home Affairs Committee said “flawed contracts” and “incompetent delivery” left the department unable to cope with a surge in demand and it relied on hotels as “go-to solutions” instead of temporary…
What’s behind Rachel Reeves’s hokey cokey on income tax rises?
After weeks of wondering will she, won’t she, and recent heavy hints that she would indeed raise income taxes in the Budget, Chancellor Rachel Reeves has now decided against the manifesto-breaching move. Amid the fog of Budget speculation, here is what we do know. That plan, to raise income tax rates by 2p but compensate…
Geothermal energy: Investment needed to develop new tech
To go faster and deeper will require advances in drilling technologies. Companies are developing drilling equipment that is more stable when breaking through hard rock at high temperatures. Some firms are even aiming to penetrate rock without using standard drills. Quaise, a company with roots at the Massachusetts Institute of Technology (MIT), is using a…
Nigeria-Morocco Atlantic Gas Pipeline: African nations sign off $25bn mega plan
One of Africa’s most ambitious energy infrastructure projects has finally been signed off at the highest level, with West African leaders formally endorsing the long-awaited Nigeria-Morocco Atlantic Gas Pipeline. “Don’t be surprised when the gas comes your way,” quipped Julius Maada Bio, Sierra Leone’s president and the current head of West Africa regional bloc Ecowas,…
