Business
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Cash alone won’t build Labour’s green future | Letter

Rachel Reeves’s pledge of £22bn for carbon capture projects across the UK brings the promise of jobs and a revitalised economy (Today, with our £22bn pledge for carbon capture, Labour’s green revolution for Britain begins, 4 October). But there’s one critical question: who’s going to build it all? The UK construction sector is already facing…

Finance
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Stocks making the biggest moves midday: Nvidia, DocuSign, Alibaba, Las Vegas Sands and more

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Economy
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Hurricane Milton could cause as much as $175 billion in damages, according to early estimates

Heavy traffic begins to back up on Interstate 275 South as residents evacuate St. Petersburg, Florida, ahead of Hurricane Milton, U.S., October 7, 2024.  Octavio Jones | Reuters Hurricane Milton’s once-in-a-century potential could cause damages of more than $50 billion, with the potential to leave behind devastation approaching $175 billion or more in a worst-case…

Finance
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Ray Dalio says investing in China is tricky as Beijing becomes less favorable toward capitalism

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Economy
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Shein doubles profits in UK after sales leap 40%

Shein, the online fast-fashion retailer founded in China, doubled profits at its UK arm last year as sales jumped nearly 40% to £1.5bn – making it about the same size as its rival Boohoo. The company, which is considering a £50bn float on the London Stock Exchange, said pre-tax profits at Shein Distribution UK rose…

Economy
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Jenrick damaged his Tory leadership chances at conference, members survey suggests – UK politics live

Jenrick sabotaged his Tory leadership chances at conference, survey of members suggests, with Cleverly rising fast Conservative members were more likely to be turned off by what they saw of Robert Jenrick at the party conference than impressed, a survey suggests. Jenrick arrived at the conference as the clear bookmakers’ favourite. But, according to a…