The pound dropped to a near two-week low after reports of Health Secretary Wes Streeting preparing to resign and trigger a Labour leadership contest, impacting bond markets and sterling.
NOTICIAAISierra Leone's diamond industry faces collapse as lab-grown alternatives gain market share, driving down prices and leading to mine closures. Miners struggle to find gems, while the region grapples with economic fallout and the legacy of conflict.
NOTICIAAISpaceX has proposed a share price of $135 for its upcoming IPO, valuing the company at $1.75 trillion and aiming to raise a record $75 billion. This early price reveal is unusual, with experts noting the valuation is 'rich' but potentially justified by future earnings and AI investments.
NOTICIAAISpaceX is set to go public next week with shares priced at $135, aiming to raise $75 billion and valuing the company at $1.75 trillion. This IPO, expected on Nasdaq June 12, could make Elon Musk a trillionaire. Analysts note the valuation is high, but future earnings potential may attract investors.
NOTICIAAINissan is in non-binding talks to manufacture cars for Chinese manufacturer Chery at its Sunderland plant in northern England. The deal could secure jobs for 6,000 workers and mark the first mass-market Chinese car production in Britain.
NOTICIAAIUnite union alleges PeopleCert, owner of City & Guilds, has been dishonest about plans to cut ~400 UK jobs, withholding info and hiring externally. Investigations are ongoing into the controversial sale and executive bonuses.
NOTICIAAINissan is in talks to manufacture cars for Chinese brand Chery at its Sunderland plant in northern England. The non-binding agreement could secure jobs at the UK's largest car factory, with production potentially starting in the 2027 financial year.
