Yahoo News UK arm of Silicon Valley Bank sold to HSBC for £1
The UK arm of collapsed US lender Silicon Valley Bank has been bought by HSBC after the Government and Bank of England stepped in to “facilitate” a private sale.
The UK arm of collapsed US lender Silicon Valley Bank has been bought by HSBC after the Government and Bank of England stepped in to “facilitate” a private sale.
Lawyers for the man claim the experience led to ‘great pain, agony and mental anguish’
One of Britain’s biggest energy providers has offered its first deal cheaper than the Government’s bill guarantee, as falling gas prices finally bring savings for customers.
The “straight talking” PR guru hired as the Princess of Wales’s new private secretary has opted to stay with chef Jamie Oliver rather than take up the role, The Telegraph can reveal.
It has been a week since Chancellor Jeremy Hunt announced he would be abolishing the lifetime cap on tax-free pension savings – and the Tories are wasting no time in making it happen. On Tuesday the motion was passed in the House of Commons, meaning from April 6, workers will be able to save as much as they want in their pension without incurring hefty tax charges. Labour voted overwhelmingly against and pledged to reinstate the savings cap, known as the "lifetime allowance", if the party wins t
Much like viral illnesses, bank runs have a habit of being contagious. After Silicon Valley Bank (SVB) collapsed and Credit Suisse reached its humiliating denouement last week, one City banking boss received a phone call from his mother.
An electricity market redesign is under way, aimed at shielding consumers from price spikes and boosting the rollout of renewables.
Brilliant Earth CEO Beth Gerstein joins Yahoo Finance Live to discuss lab-grown diamonds, consumer demand, pricing, the differences between natural and lab-grown diamonds, and the outlook for the lab-grown diamond market.
Chinese leadership of a peace deal between Iran and Saudi Arabia, adds to their power in the region.
Fox News has fired a producer who filed a lawsuit against the network in which she claimed that she was coached and coerced by the network’s lawyers to give misleading deposition testimony in the defense against Dominion Voting Systems’ defamation lawsuit. The network confirmed that she was dismissed. Fox News contends that she failed to […]
South Swindon MP Sir Robert Buckland has a new job.
A HEREFORDSHIRE electrician who exceeded expectations has achieved prestigious industry recognition, her employers say.
Oil prices plunged on Friday morning as banking stocks in Europe crashed while the U.S. dollar rallied.
STORY: Bitcoin mining is booming in Texas with 25 facilities already operating across rural areas.Crypto mining consumes huge amounts of electricitybut the state is well placed to provide this power cheaply even while the industry faces a proposed 30% tax on electricity usage.Joshua Rhodes is a research scientist at the University of Texas.“The price out in West Texas can be very low, sometimes negative. And because, you know, 80 to 90% of the input into a crypto mining operation is electricity, you know, the cheaper that electricity is, the more attractive it can be.”Texas’s renewable energy sources like wind power is also inviting for miners. New York has already banned crypto mining that runs on fossil fuel power. Alongside the obvious climate concerns, for Liz Moran from environmental nonprofit Earthjustice, the crypto industry also fails to deliver on employment. "What's happening in a number of communities where these mining operations are coming in is they're promising a lot of jobs, but they're not delivering on a lot of jobs. So we absolutely need to be helping communities that have been economically struggling and getting more jobs. And we think the green energy sector is the way to go for that."Other states are expected to follow New York's lead - and that's narrowing the field for industry leaders like Matt Prusak, CCO of US Bitcoin Corp.“Environmentalists have many concerns around the environmental and the energy impact of Bitcoin mining. That's one of the reasons why US Bitcoin Corp, we've really tried our best to co-locate at or near wind, solar and other renewable energy sources.”Power usage by bitcoin miners rose 75% last year, according to Lee Bratcher from the Texas Blockchain Council"There is about 2,100 megawatts worth of Bitcoin mining in Texas, and that's up from around 1,200 last year and less than 600 the year before. So it's, it's growing considerably and that's at around 25 facilities across the state, mostly in rural areas, creating jobs and tax revenue for rural counties throughout the state of Texas."However, the prospect of higher crypto demand on Texas’s grid has raised concerns.In the state, around 250 people died in a winter storm blackout exposing the fragility of its power system.The state is taking steps to maintain a reliable grid.Lee Bratcher again:“If power is in high demand, prices are high, power is in low demand, prices are low. And Bitcoin miners need those price signals. And we as citizens, who want a reliable grid, we want those price signals because we want people to consume electricity when there's too much of it. And we want people to curtail their energy use when there's not enough.”
Here are some of the jobs available at Birmingham Airport that you can apply for in March 2023 and find out how much you can earn.
Campaigners warned there could be business failures and job losses if companies do not raise prices above inflation.
Service sector companies attract new business amid rising confidence and resilient consumer demand
Audi will show off their launch livery in Shanghai as well as reveal more details about their F1 project.
Boosting German power transmission lines to accommodate a shift to zero-carbon generation industry will require 14,197 km (8821.61 miles) of new networks costing billions of euros, the country's high voltage grid firms (TSOs) said on Friday. The operators' costs are mainly shouldered by consumers via grid usage fees, which account for about a quarter of electricity bills.
The CMA said the ‘transaction will not result in a substantial lessening of competition in relation to console gaming in the UK’.
Upgrading gas pipes in central Swindon will close parts of several town centre streets until the summer.