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US firms that kept DEI policies despite ‘go woke, go broke’ threats thrived
Exclusive: Companies that kept policies did just as well financially, even after Trump’s executive order, as those that didn’tConservative backlash was supposed to put an end to the diversity, inclusion and equity (DEI) movement as companies were warned “go woke, go broke”.In January 2025, Donald Trump delivered a death knell, ending DEI within the federal government with executive orders and threatening to target companies that still supported it. Companies including Google, Goldman S
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Top Forbes editor reportedly fired after receiving $6m from business associate
Randall Lane left his job last month after accepting money from founder of firm that does business with magazineThe top editor of Forbes left his job last month and was reportedly dismissed for accepting $6m from the founder of a firm that does business with the magazine.The New York Times reported this week that Randall Lane was paid by RJ Shook, whose company, Shook Research, worked with Forbes since 2016 to publish rankings of wealth advisers. The payment was made after Shook sold a
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Millions face higher water bills as suppliers allowed £3.4bn extra spending
Firms in England and Wales seek to fund measures including supporting new homes and datacentresBusiness live – latest updatesMillions of households in England and Wales face higher bills after water companies were given the green light to spend £3.4bn more than planned, including to support new homes and datacentres.The new spending will come on top of the £104bn programme of investment approved by the regulator that had already meant water bills will rise by 36% over the second half o
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Greenland forces Trump-linked US oil firm to delay drilling
US envoy had claimed Americans could be extracting crude by as early as next yearGreenland authorities have forced a US oil company connected to Donald Trump to postpone drilling wells in the Arctic territory, defying claims by the US president’s envoy that Americans could be extracting crude by next year.Amid Trump’s imperialist threats, tensions have been rising on Greenland’s eastern coast after the oil company brought drilling equipment ashore in July without permission, drawing a
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Oil prices climb as Iran talks hit new impasse; Tui hit by high fuel costs – business live
Brent crude prices hover near $90 per barrel, as fallout from Iran war hits travel firm Tui’s profitsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Oil prices are still on the rise, as fresh attacks on ships raise concerns about disruptions to Middle Eastern fuel supplies, adding to doubts over the prospects of a US-Iran peace deal.Yesterday, the rally in US crude paused for a minute after Pakistan’s Defence Minister said that
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Nvidia links with Wall Street firms for $500bn AI financing deal
Apollo, BlackRock, Goldman Sachs and KKR among those working with chipmaker to fund infrastructureNvidia ⁠has partnered with six major Wall Street financial institutions to raise ⁠more than $500bn (£370bn) capital for artificial intelligence infrastructure.The Nvidia chief executive, Jensen Huang, said on X that the company has ⁠the option to backstop up to $125bn, or 25% of the potential deals. Continue reading...
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Sadiq Khan Cobra Compromisso Climático e Condena Projetos de Petróleo no Mar do Norte
O prefeito de Londres, Sadiq Khan, alertou para as consequências devastadoras do negacionismo climático e cobrou compromissos firmes de outras lideranças regionais diante do avanço da crise ambiental.
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EasyJet agrees £5.7bn takeover from US private equity firm
Airline says it has accepted offer from Apollo Global Management after rival bidder Castlelake walks awayEasyJet has formally agreed to a £5.7bn takeover from US private equity firm Apollo Global Management.The airline announced it had accepted a firm offer on Thursday after a ri
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Octopus Energy denies it is anti-union as workers push for recognition
GMB says that as a top-rated ethical company, UK’s largest energy firm should welcome involvement of unionsWorkers are pushing for union recognition at the UK’s largest energy company, Octopus Energy, known as a progressive organisation with a focus on renewable energy.The GMB un
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‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo
Profit jump fuelled largely by unknown US refund amount as Japanese video game firm records quarterly sales dropNintendo has reported a jump in profits, as the Japanese game maker’s earnings were buoyed up by a long-awaited refund on Donald Trump’s tariffs.The company said profit
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Positive Persimmon looks to tap into ‘Burnham bounce’ on housebuilding
Firm lifts outlook, saying it is well placed to benefit from PM’s focus on new homes despite cost pressures from Iran warThe UK housebuilder Persimmon has lifted its outlook for the full year, saying it is “well-placed” to benefit from the prime minister Andy Burnham’s policy age
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Video game maker EA bought by Saudi-led group for $55bn
Company acquired in deal involving Affinity Partners, a firm run by Donald Trump’s son-in-law Jared KushnerElectronic Arts, the maker of video games such as The Sims, Madden NFL and Battlefield, has been bought by Saudi Arabia’s wealth fund and a group of investors for $55bn (£41bn).The company announced the completion of the deal on Tuesday evening, only days after the EU gave its approval, the final regulatory green light needed. Continue reading...