Elon Musk vows to fight for ‘future of civilisation’ following $43bn Twitter bid

Mr Musk, who also runs the rocket company SpaceX, did not provide details of how he planned to finance his bid. Bloomberg estimates that he has slightly less than $3bn in cash, meaning he would have to borrow heavily or... Read more

Russia may be in default after rouble payment

Russia is at risk of being formally declared in default within weeks after failing to make a dollar payment to its lenders, one of the world’s biggest credit agencies has said.  Moody’s warned the country is in danger of failing to repay... Read more

China under fire as Sri Lanka teeters on brink of default

Critics say Beijing is to blame for Sri Lanka’s issues, which it is now failing to solve, and accuse it of using projects such as Colombo Port City to create a “debt trap” to capture the country as an economic... Read more

Easter barbecuers opt for cheaper cuts of meat as cost of living crisis bites

Cash-strapped shoppers are buying cheaper cuts of meat for their Easter barbecues than in previous years as the cost of living crisis bites. Families are ditching steaks for burgers and replacing pork chops with sausages in an effort to cut... Read more

Chicken shortage triggers school dinners ‘crisis’

School dinners in Britain have been plunged into “crisis” as supplies of chicken are squeezed by an exodus of Ukrainian butchers returning home to fight in the war. Catering companies are struggling to produce nutritional meals for millions of children... Read more

Brussels’ refusal to ditch Russian gas expose the West to recession

As it tries to play catch up, the Fed hopes to raise rates by enough to cool inflation, but not by so much that the economy crashes. This is easy in the theoretical world of economic models. But in the... Read more

Britain to become gas ‘bridge’ to Europe

“We could see the UK terminals and the national transmission system being used as a transit for gas going into Europe via the interconnectors.  “The growing concern around security of gas supplies into Europe […] means that higher volumes of... Read more

Twitter launches ‘poison pill’ tactic to wreck Elon Musk takeover

The Tweet had been “liked” more than 140,000 times by Friday afternoon. Mr Musk, who has built the electric car company Tesla into a global force and revolutionised the industry in the process, announced his bid on Thursday days after... Read more

Plan to store gas under the Irish Sea to defeat Putin

Gas reserves would be stored in a vast salt cavern under the Irish Sea under proposals discussed by ministers as they scramble to bolster Britain’s energy security in the face of Russian aggression. Officials are discussing plans to revive the so-called... Read more