Metro Bank has revealed plans to cut 20% of its workforce and slash its business hours commitments as part of efforts to save it from collapse. The struggling challenger lender, which announced a £30m cost-cutting plan last month, said it was going further amid wider efforts to shore up its balance sheet. The bank has
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Tesla and SpaceX’s CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023.  Kirsty Wigglesworth | Reuters Speaking at the 2023 DealBook Summit in New York on Wednesday, Elon Musk, the owner of social media site X (formerly Twitter), scoffed at advertisers boycotting the platform
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Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Images The influential Organization of Petroleum Exporting Countries and its allies, collectively known as OPEC+, convene to decide next production policy steps on Thursday, in a postponed virtual meeting overshadowed by conflict in the Middle East, internal disgruntlement and the
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Associated Press Nov 29, 2023, 05:35 PM ET Open Extended Reactions NASHVILLE, Tenn. — NASCAR has added two new partners and streaming elements to a seven-year media rights deal announced Wednesday that will run from 2025 through the 2031 season. The new media rights deal is worth $7.7 billion when the previously announced $1.1 billion
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The US’s first wireless charging public roadway has been installed in Detroit’s Corktown neighborhood by the City, the Michigan Department of Transportation (MDOT), and Electreon. Wireless charging provider Electreon provided inductive-charging copper coils that are installed below the road’s surface. The coils will charge EVs equipped with Electreon receivers as they drive over the road.
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Associated Press Nov 29, 2023, 12:54 PM ET Open Extended Reactions CHICAGO — Andre Dawson says he sent a letter to baseball Hall of Fame chair Jane Forbes Clark asking to change the cap on his plaque from the Montreal Expos to the Chicago Cubs, a decision by the hall he disagreed with as soon
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An Indian government official directed an unsuccessful plot to assassinate a Sikh separatist in New York City, US justice chiefs have claimed. They allege the Indian government employee, who worked in security and intelligence, recruited another Indian national named as Nikhil Gupta to plan the assassination of a US citizen who had advocated for a
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Nottingham City Council has declared itself effectively bankrupt after issuing a section 114 notice. The Labour-run local authority confirmed the announcement on Wednesday, saying its chief financial officer had decided it “isn’t able to deliver a balanced budget for this year, which is a legal requirement”. As a result of the section 114 notice, all
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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Elon Musk has been accused of promoting a long-debunked conspiracy theory which alleged high-profile Democrats ran a paedophile abuse ring from a Washington pizza restaurant. The billionaire posted and later deleted a meme referencing “Pizzagate” on X on Tuesday, NBC News reports. It was an image from TV show The Office, with fake dialogue superimposed
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