HomeEconomy

Economy

Binance Seeks to Recover $6.3 Billion After Hack Linked to North Korea

Binance is trying to recover $6.3bn stolen in a complex cyber-attack linked to North Korea, believed to be the largest of its kind.

Binance Under Pressure After $6.3 Billion Hack Linked to North Korean Unit

Binance faces scrutiny after a suspected $6.3bn crypto hack attributed by two analytics firms to North Korea’s TraderTraitor unit.

Single Mother on £41,000 Says a £40 Weekly Shop Shows Budget Pressure

A single mother earning £41,000 says she keeps weekly groceries to £40, as BBC accounts show Budget pressures across incomes.

Labour’s Budget dilemma: raising revenue without touching income tax

Labour faces pressure to strengthen fiscal headroom while avoiding an income tax rise. Four broad revenue routes are under scrutiny.

Grid operator assures households: power supply secure despite engineers’ warnings

The National Energy System Operator says supply will be maintained this winter despite internal concerns from engineers about adequacy.

Treasury estimate: how a North Sea sovereign fund could have reshaped Britain’s finances

A new Treasury estimate suggests investing North Sea receipts could have built a fund worth around a trillion pounds, reshaping UK fiscal options.

Musk Activates Committees to Explore Potential Tesla–SpaceX Tie-Up

Elon Musk says special committees at Tesla and SpaceX will examine a possible merger; boards, shareholders and regulators would play central roles.

Chancellor rejects push to equalise Capital Gains Tax ahead of Budget

The Chancellor declined demands to align Capital Gains Tax with income tax, a move criticised for potential effects on wealth relocation and markets.

Microsoft withdraws from proposed UK AI data centre as developer vows to continue

Microsoft has pulled out of a proposed AI data centre in Essex; developer Nscale says it remains committed to building the site.

Banks Brace as Executives Expect Profit Tax Moves in Upcoming Budget

Senior banking executives told the BBC they expect measures in the chancellor's Budget that could target bank profits.

Government opens review into rising airport drop-off charges across the UK

The UK government has launched a review into soaring airport drop-off charges to protect accessibility and fairness for passengers.