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Nissan ‘shelves all-electric Qashqai plans’ as it cuts costs

Firm has been developing full EV version of its top-selling model in Europe at its plant in SunderlandBusiness live – latest updatesNissan has reportedly stopped developing a fully electric version of its Qashqai, its top-selling model in Europe, as the Japanese carmaker seeks to

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Audit firm to Gupta metals empire fined and banned for ‘egregious’ failures

UK watchdog gives King & King severe reprimand for failing ‘to identify clear self-interest’ when conducting auditsBusiness live – latest updatesThe UK’s accounting watchdog has fined and temporarily banned a tiny audit firm for “egregious” failures and “widespread deficiencies”

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Majority of datacenters are vulnerable to climate threats like floods and fires, study fin

Study warns AI datacenters are vulnerable to the climate hazards that their global greenhouse gas emissions bolsterAmid rising concern that the artificial intelligence boom is fueling the climate crisis, a new report has found that nearly 80% of datacenters are also exposed to ex

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Former WH Smith’s small suppliers to lose at least half of debts in rescue plan

If TG Jones’s aggressive restructuring is voted through, the charity Help for Heroes and other creditors will be out of pocketSmall suppliers including the charity Help for Heroes are to lose at least half the money owed to them by the former WH Smith high street chain if a plann

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Another FTSE firm is under attack from a US raider. Demand top dollar | Nils Pratley

The warehouse landlord Segro has a bright future, not least with datacentres, so there’s no reason to roll overSegro rejects £12.6bn offer from US rivalHere we go (yet) again: another opportunistic takeover bid from the US for a UK company. The fun at easyJet isn’t even over yet,

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Trump says he’s ordered investigation into oil companies over alleged price gouging

Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflictDonald Trump said on Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lower

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EasyJet opens talks with Castlelake after rejecting £4.9bn takeover offer

British carrier says it hopes to receive ‘more attractive proposal that better reflects’ its valueBusiness live – latest updatesEasyJet has opened talks with Castlelake, despite rejecting a fourth takeover offer worth £4.9bn from the US investment firm, with the airline saying it

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Crown estate makes more than £1bn profit for third year running

King Charles’s property management firm rakes in £1.2bn as it continues to benefit from offshore windfarm boomKing Charles’s tax bill: what did we learn and what is still in the dark?King and Queen will not live at Buckingham Palace after £369m refitKing Charles’s property manage

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Revolut pushes new recruits into office in shift from ‘remote-first’ policy

Hundreds of graduates and interns at finance firm will now have to work in office at least three days a weekBusiness live – latest updatesRevolut will haul hundreds of graduates and interns into the office next year, as the digital bank moves away from its “remote-first” policy t

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VW plans to cut up to 10,000 jobs and shut plants, report says

German firm reportedly considering doubling previously announced staff reductions amid Chinese competitionBusiness live – latest updatesGermany’s Volkswagen is to cut up to 100,000 jobs and reduce and eventually stop production at some plants, according to reports.The company has

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The AI bubble has further to run despite the looming crash

As tech firms make huge profits and investors fear losing out, both are doing their best to hold off the day of reckoningOpenAI staggers AI model release after White House requestEvery couple of decades, investors will ask themselves how long can the stock market keep climbing. I

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Leaks, lawyers and a whistleblower: how did KPMG’s failings emerge – and could more have b

A parliamentary inquiry heard claims from one former employee that partners pursued ‘revenue growth at all costs’Get our breaking news email, free app or daily news podcastKPMG partners leaked client information and mishandled the whistleblower who raised the alarm, an inquiry ha

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