Disney faces proxy fight as Peltz pushes to join board
Activist investor Nelson Peltz is fighting for a seat on the board of Walt Disney Co., claiming that the theme park and media company is struggling with self-inflicted problems.
Business
‘Billionaire biffo’ shines light on hugely ambitious $30bn solar project
The row between Mike Cannon-Brookes and Andrew Forrest over Sun Cable reveals the technical, economic and even geopolitical hurdles to completionGet our morning and afternoon news emails, free app or daily news podcastBehind the “billionaire biffo” bet…
Flood-hit Murray River caravan parks miss out on vital holiday tourism as clean-up continues
Piles of rubbish fill the space normally taken by summer visitors, with businesses facing the loss of a season’s earningsSign up for the Rural Network email newsletterJoin the Rural Network group on Facebook to be part of the communityCaravan parks and…
Bank of England completes sale of £19bn emergency bond purchases after mini-budget
Bloomberg estimates Bank made profit of £3.5bn after intervening to prevent run on pension fundsThe Bank of England has finished unwinding the emergency bond-buying scheme it launched to calm the financial markets after Liz Truss’s disastrous mini-budg…
US prices dropped in December for first time since May 2020 as inflation rate fell to 6.5%
According to latest consumer price index, cost of living dropped 0.1% in December while inflation rate fell from 7.1% in NovemberPrices dropped in the US in December for the first time since May 2020, in an encouraging sign that the inflation crisis ma…
Huge rare earth elements deposit in Arctic Sweden
A Swedish government-owned iron ore mining company says it has identified “significant deposits” of rare earth elements in Arctic Sweden that are essential for the manufacture of electric vehicles and wind turbines.
Halfords shares tumble after shortage of mechanics hits profits
Car parts to bicycles retailer urges government to do more to encourage people to train as techniciansHalfords has said difficulties in hiring enough car mechanics was partly to blame for a profits warning.The car parts-to-bicycles retailer said a lack…
Spain drops sedition charge against former Catalan leader
A Spanish judge has dropped sedition charges against former Catalan President Carles Puigdemont for his role in the region’s illegal secession push in 2017 that brought Spain’s most serious political crisis for decades.
Pakistan premier says UAE extends $2B loan, offers $1B more
Pakistan’s prime minister says that the United Arab Emirates agreed to extend a $2 billion loan to his country and provide a additional $1 billion as his nation struggles to recover from devastating floods this summer.
British Gas owner forecasts eightfold rise in earnings amid soaring gas prices
Ukraine war’s effect on wholesale gas prices prompts third upgrade in a year from CentricaThe owner of British Gas, Centrica, expects a near eightfold increase in its earnings this year due to its balance sheet being boosted by soaring wholesale gas pr…