News

Elon Musk's Starlink has been awarded an £85,000 contract to improve internet services for healthcare providers in remote areas of the UK, utilizing satellite technology to bridge connectivity gaps and expand access to telemedicine. This initiative aims to ensure reliable medical support for patients regardless of their location.

Iberdrola, a major energy company, has expressed concerns that the UK Labour Party's proposed regional electricity pricing could jeopardize billions of pounds of investment in British wind farms. Wind power providers share similar concerns, arguing that the policy could complicate planning and financing, potentially slowing the pace of renewable projects.

Lloyd's of London, the world's oldest insurance market, is bracing for a $2.3 billion hit from the devastating Californian wildfires. While these claims will undoubtedly impact profits in 2025, the market's chief financial officer, Burkhard Keese, has assured investors that the losses will not be a "capital event" and should not erode the market's overall capital reserves.

Donald Trump has pledged to purchase a Tesla in a show of support for Elon Musk, whose political influence and role in the US Department of Government Efficiency have sparked protests and negatively impacted Tesla's sales. Despite the backlash, Musk remains confident in his reforms and expresses gratitude for Trump's public support.

Boohoo has renamed itself Debenhams Group under new CEO Dan Finley's plan to transform the retailer using a successful marketplace strategy. This rebrand accompanies management changes and lowered sales predictions, reflecting Boohoo's struggles including fierce competition and declining share prices.