Sir Jim Ratcliffe faces growing concerns over the financial health of his chemicals empire as its debt pile is forecast to reach almost €12bn (£10bn) this year and his sporting interests including Manchester United and New Zealand rugby hit crisis point. Two leading credit ratings agencies raised red flags over the Ineos Group weeks before…
Austria’s Freedom party (FPÖ) has ended coalition talks with the conservatives on forming the country’s first far-right-led government after disagreements over key posts and issues such as migration. The FPÖ – which topped national polls for the first time in September – has been negotiating with the long-ruling conservative People’s party (ÖVP) since early January.…
The city of New Orleans is still rebuilding and repairing homes that were damaged in the fallout from 2005’s Hurricane Katrina. The storm flooded hundreds of thousands of homes in New Orleans, killed over 1,800 people and displaced millions. It remains the costliest tropical cyclone in U.S. history, with an estimated $201.3 billion in associated…
Share Markets and Politics Digital Original Video Hurricane Katrina killed over 1,800 people and flooded many homes in New Orleans. In the aftermath, a quarter of the city’s housing stock was abandoned. The U.S. spent billions to redevelop and protect the city. But more may be needed to counteract the city’s slow decline into the…
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024. Steve Pfost | Newsday | Getty Images Mortgage rates moved slightly lower again last week, keeping refinance demand on the rise. Applications to refinance a home loan jumped 10% compared with the previous week and…
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday posted fourth-quarter revenue and profit that topped expectations as its cost cuts showed progress and new products, including its breakthrough Alzheimer’s treatment Leqembi, saw growth. But the biotech company’s…
One of the UK’s biggest providers of motor finance has warned it expects to set aside up to £165m in the first half of its financial year to cover possible legal and compensation costs as a result of the car loans commission scandal. Close Brothers said it had come up with the estimate after a…
Coca-Cola has said it may have to increase its use of plastic in the US if Donald Trump’s tariffs raise the cost of aluminium cans. The drinks company’s warning follows Trump’s introduction of 25% tariffs on foreign steel and aluminium entering the US, which could push up the prices of canned food and drink. Coca-Cola’s…
In March my daughter’s phone was stolen at a tube station. She went straight to a friend’s flat and called EE to cancel the sim and Apple to block the phone. The next day she bought a new handset and obtained a replacement sim. I pay the bill and since the theft I have been…
Aberdeen in Scotland is the most affordable city for single people to buy a home in Great Britain, analysis of national property data shows, with the average one- or two-bedroom home valued at just under £120,000. Monthly mortgage payments in the city came in at £510 a month – about 16% of the area’s average…
