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From oil giants to banks: The companies making billions from the Iran war
Posted onUS giants ExxonMobil and Chevron saw their earnings fall compared with the same period last year, due to supply disruption from the Middle East, but both beat analysts’ forecasts and expect their profits to grow further as the year goes on, with the price of oil still significantly higher than when the war broke out.
Keir Starmer criticises South East Water as 24,000 homes affected
Posted onStuart Maisner, Hsin-Yi Loand Daniel Sexton,South East Getty Images People have been advised to boil tap water before drinking Water misery has returned for about 24,000 households in Kent and East Sussex with a water firm saying they do not expect supplies to be restored to all affected customers until midday on Thursday. South East…
OBR role to be investigated by Treasury Committee
Posted onAn inquiry into the role of the UK government’s economic forecaster is being launched by a group of MPs, after the body came under intense scrutiny in the run-up to the Budget. The Treasury Committee will examine the Office for Budget Responsibility’s (OBR) first 15 years and consider potential reforms, including any improvements or changes…
Customers sue maker of popular On Cloud shoes over ‘noisy and embarrassing’ squeaks
Posted onAthletic 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…
The fight against foreign developers buying Caribbean beaches
Posted onLand ownership in Barbuda is collective, meaning that individual citizens have the right to occupy a plot of land by applying for a lease, but technically, they do not privately own it. Instead, all land is owned communally, and citizens share the collective right to be consulted and to have the final say on major…
