Finance
HP Wins Big: Billionaire Mike Lynch’s Estate Hit with £740M Blow
The UK High Court has ordered the estate of late tech billionaire Mike Lynch and his former partner to pay £740 million to Hewlett-Packard Enterprise over the fraudulent sale of Autonomy in 2011. The ruling may bankrupt Lynch’s estate, which is worth less than the awarded damages, and comes despite previous U.S. acquittals related to […]
UK Debt Crisis? Government Borrowing Hits 2nd-Highest Level Ever
UK government borrowing surged to £20.7 billion in June—its second-highest level on record—driven by soaring interest payments on inflation-linked debt and increased public spending. Despite record-high national insurance contributions, borrowing exceeded forecasts, raising concerns about the country’s fiscal stability. The UK government is facing mounting concerns over its fiscal health after official figures revealed a […]
Putin Points Finger: Johnson’s Alleged Sabotage of Ukraine Peace
In a bombshell revelation, Vladimir Putin has alleged that a potential peace deal to end the conflict with Ukraine was sabotaged by none other than Boris Johnson, the former Prime Minister of the United Kingdom. According to Putin, negotiations were underway in Istanbul 18 months ago, with Ukraine initially agreeing to the terms of the […]
Euro Woes: Navigating the Slippery Slope of EUR/USD Trends
The EUR/USD has embarked on a rollercoaster ride since the beginning of January, starting above the 1.10350 level and gradually eroding in value. Traders are on edge as the incremental trend lower persists, causing speculation and concern among market participants. Unpredictable Swings The rapid decline in the EUR/USD value, reaching a low of 1.09330 on […]