Ofwat seeks new powers to force water companies to clean up rivers by blocking billions in investors payouts

The water industry regulator Ofwat is seeking new powers from the Government to clamp down on billions in cash payouts to investors as it seeks to force greater investment into environment improvements, i can reveal. It is understood that one outcome of Ofwat’s review of the industry that began last summer is that it will … Read more

Billions lost in costly Covid job support schemes through error and fraud MPs warn

Failures by the tax authorities in the roll-out of pandemic employment support schemes has resulted in billions of pounds worth of taxpayers’ money being lost through fraud and error, MPs have said. Shortcomings and slowness by HM Revenue and Customs (HMRC)in dealing with problems in the hurried-up schemes meant some in need of support missed … Read more

Treasury has ‘not engaged’ with report warning electric cars could lose billions in road tax revenue, MPs say

MPs have said they are disappointed by the Treasury’s response to a report outlining the need for new forms of road tax in light of increasing electric vehicle ownership. The House of Commons Transport Committee published its Road Pricing report in February warning the Government it risks losing out on tens of billions of tax … Read more

TikTok accused of ignoring warnings over eating disorder videos with billions of views

Leading charities have accused TikTok of ignoring warnings over a deluge of content on eating disorders on the social media platform, after a report highlighted its failure to remove harmful videos. A coalition of 25 leading organisations, including the NSPCC and the Molly Rose Foundation, have written to TikTok safety chief Eric Han demanding urgent … Read more

Turkey’s Erdogan pours billions in weapons and aid to Africa in power play for influence in ‘new Cold War’

The simplest route from Kenya to Senegal, East Africa to West, is today via Istanbul. Drive towards Nairobi’s airport and you will pass Turkish Airlines billboards and Turkish-trained police officers. Disembark in Dakar and a colossal stadium, built by Turkey, soon appears on the airport road. No car? Take the Turkish-built airport train. This is … Read more

To tap U.S. government billions, Tesla must unlock EV chargers

Tesla CEO Elon Musk has usually talked about opening his Supercharging community to opponents, however has by no means really executed so in america, the place the corporate dominates the electrical automobile market. Now, the brash CEO might have 7.5 billion causes to speed up these plans. The Department of Transportation subsequent week is anticipated … Read more

UK should confiscate billions of Russian assets and give them to Ukraine with jets, urges Nato ally Estonia

The UK and EU should legally confiscate frozen Russian assets worth hundreds of billions of pounds and donate them to Ukraine, along with “game-changing” fighter jets and long-range missiles to help President Volodymyr Zelensky decisively beat Vladimir Putin, Estonia’s foreign minister has said. Speaking to i, Urmas Reinsalu appealed for the UK and his country’s … Read more

Sam Bankman-Fried, FTX execs received billions in hidden loans, says ex-Alameda CEO

Sam Bankman-Fried and different FTX executives received billions of {dollars} in secret loans from the crypto mogul’s buying and selling agency Alameda Research, the hedge fund’s former chief advised a choose when she pleaded responsible to her function in the change’s collapse. Caroline Ellison, former chief govt of Alameda Research, mentioned she agreed with Bankman-Fried … Read more

Taxpayers are paying billions for the renovations and construction of NFL stadiums. Here’s how

In 2022, the Tennessee Titans of the NFL unveiled their plans for a brand new stadium in the coronary heart of Nashville. The 1.7 million-square-foot stadium can home 60,000 screaming soccer followers and is estimated to price $2.1 billion. The public would fund greater than half of the stadium via a one-time contribution from the … Read more