Carmaker Lotus plans to end production in the UK
Closure of historic Norfolk plant would put 1,300 jobs at risk and be the latest blow to the country’s auto industry
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Starmer makes costly concessions to rebel MPs as he nears deal on welfare cuts
PM tries to fend off uprising by more than 120 Labour MPs over ‘brutal’ reforms
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After denying reports of BP takeover, Shell is legally barred from making an offer for six months—and there are no other suitors in sight
A theoretical Shell-BP combination would carry debt and antitrust issues while requiring greater layoffs and divestments.
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Stock markets touch record highs in sharp turnaround from April trough
The S&P 500 flirted with a new record on hopes of interest rate cuts.
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Former OpenAI researcher Lucas Beyer pours cold water on $100 million Meta signing bonus
“We did not get 100M sign-on, that’s fake news,” the AI researcher posted on X.