What is China’s SpaceSail, and could it rival Elon Musk’s Starlink?
The company has just a few hundred satellites in low Earth orbit but has state backing and is already reportedly negotiating with dozens of countries
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Elon Musk loses trillionaire status as SpaceX and Tesla stock drops
Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaire
SEC Appoints Kathleen Hutchinson as Director of Office of International Affairs
U.S. March NFP came in at 236,000 jobs versus a 240,000 estimate and unemployment edged to 3.5%, cutting the CME FedWatch odds of a May 25bp hike to about 50% from ~70% and pushing spot gold above $2,020 toward the $2,0…
Big tech spent millions on a single US congressional race. It won’t be the last time
Pro- and anti-AI groups spent $24m on a congressional contest in New York, but it’s unclear to what end
Another FTSE firm is under attack from a US raider. Demand top dollar | Nils Pratley
The warehouse landlord Segro has a bright future, not least with datacentres, so there’s no reason to roll over
Germany’s rail network brought to standstill by botched IT replacement
Deutsche Bahn widely criticised after hundreds of thousands of passengers stranded in operator’s latest setback
Federal Reserve Board's annual bank stress test confirms that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses
The results of the Federal Reserve Board's annual bank stress test confirmed that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses. Despite absorbin…
Exploit last North Sea oil and gas or risk mass job losses, Andy Burnham urged
Andy Burnham should be ready to exploit the UK’s remaining North Sea oil and gas resources to avoid mass job losses in Scotland and the north-east, the director of the British Chambers of Commerce (BCC), Shevaun Havilan…
Fans for fans: power demand surges as England viewers cope with heatwave
Handful of gas plants paid £4m to generate electricity at half- and full-time in World Cup game
US says chemical giant Chemours to pay $450m to settle ‘forever chemicals’ case
Agreement is first by federal government to resolve enforcement claims against a major Pfas manufacturer
BT pension scheme lost £300m on Thames Water stake
Loss came after decision to write off 8.7% equity stake in water company moving closer towards nationalisation
Commodity traders offer £1m to crisis fund after FCA competition probe
The FCA is concerned 11 traders may have shared sensitive information or coordinated trades, potentially restricting competition.
A decade after the Brexit vote, Europe has moved on even if Britain hasn’t
In this week’s newsletter: As the EU consolidates, the UK faces renewed debate over the long‑term shape of its relationship with the continent
Record profits, terrible service: something’s got to give for US consumers
Experts say consolidation and market power have left consumers paying more for less
I was wary of driverless cars and their tech overlords – but they could give me a different future | Gabriel Stewart
For those of us who can’t drive due to disabilities, the drawbacks of these vehicles are vastly outweighed by the possibilities they offer
‘You can’t make billions without hurting people’: Cory Doctorow on Elon Musk, the AI bubble and bosses’ cruel fantasies
The writer who coined the word ‘enshittification’ tells us why AI will never deliver what it promises – and why it still appeals so much to those in power
Bedford crash occurred after train passed red signal and was not stopped, investigators believe
Interim report says other train it hit had halted on line because warning system wrongly caused it to brake
ECB reports on progress towards euro adoption
Limited progress has been made by the non-euro area Member States of the European Union (EU) on economic convergence with the euro area since 2024, according to the 2026 Convergence Report of the European Central Bank (…
Farm workers at high risk amid screwworm outbreak in US south-west
Those who work with animals are at greater risk for infection, but face challenges in accessing healthcare
Cars in Europe have grown average 1.2cm longer every year since 2000
Analysis of new vehicles shows steady ‘car bloat’ that researchers say could cause extra 2,600 crash deaths a year by 2040
Elon Musk’s trillionaire status at risk after drops in SpaceX and Tesla’s shares – business live
Financial analyst Bill Blain of Windshift Capital sees signs that SpaceX could fall further, writing this morning:
Meta pauses employee tracker for AI training amid privacy concerns
Mark Zuckerberg’s Meta has paused a program that tracked employees’ computer activity amid data privacy concerns and a staff backlash.
Former WH Smith’s small suppliers to lose at least half of debts in rescue plan
If TG Jones’s aggressive restructuring is voted through, the charity Help for Heroes and other creditors will be out of pocket
Heatwave pushes Great Britain’s grid operator to call for extra electricity from power plants
Neso issues rare summer warning for Wednesday evening, as households turn on fans and air conditioning