Category: Business

There are concerns in Shetland about the risk of tankers using the coastline as a “parking lot” for floating oil storage. The Hovden Spirit – carrying hundreds of thousands of barrels of Brent crude – is the latest vessel to hug the coast while awaiting a destination. The tankers are not breaking any national or […]

Tesla boss Elon Musk has grilled trading app Robinhood’s co-founder, Vladimir Tenev, about why it limited users to only being able to buy a small number of shares in some companies. The move came after US games retailer GameStop’s stock surged amid a campaign to cause hedge funds large losses. Mr Tenev denied “conspiracies” that […]

Some steel products could face post-Brexit taxes within months, the sector has warned. UK Steel said it was “likely” that export quotas for some products would run out in the first quarter of this year – meaning exports would face a 25% tariff. Aberavon MP Stephen Kinnock said the UK government should renegotiate the “very […]

Google has removed a wave of negative reviews of popular stock-market trading apps targeted by furious investors. Platforms such as Robinhood have been hit after preventing independent traders buying GameStop and AMC shares. Many online traders, feeling betrayed by Robinhood’s restrictions, have hit back with critical reviews of the app. Google has removed tens of […]

The Financial Ombudsman Service (FOS) needs to “sharpen up”, according to MPs, owing to concerns over a backlog of cases. The organisation adjudicates on disputes between financial services companies and their customers. Mel Stride, who chairs the Treasury Committee, said the service could not hide behind Covid as a reason for thousands of unresolved cases. […]

He’s one of Hollywood’s biggest stars and, as Iron Man, is many moviegoers’ idea of what a tech tycoon should look like. But Robert Downey Jr has ambitions to play another role – that of an investor in technology to combat climate change. He tells Tech Tent he wants to step out of the make-believe […]

Shares of Malaysia’s Top Glove surged almost 8% on Friday as retail investors in Asia drew inspiration from the GameStop trading frenzy. A new Reddit forum called BursaBets has been set up, describing itself as the “Malaysian version” of Wallstreetbets The Wallstreetbets forum fuelled the GameStop share price surge this week. Top Glove is the […]