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HyperVerse promoter ‘Bitcoin Rodney’ accuses Australian Sam Lee in US court of duping him with ‘elaborate deception’

HyperVerse promoter ‘Bitcoin Rodney’ accuses Australian Sam Lee in US court of duping him with ‘elaborate deception’

Rodney Burton says in Maryland district court memorandum he acted in good faith when promoting scheme that allegedly defrauded investors of US$1.89bn, but Lee calls claims ‘baseless’A key promoter of an alleged global $3bn Ponzi scheme claims in newly filed US court documents he was trapped by an “e

UK construction sector suffers sharpest slowdown since first Covid lockdown

UK construction sector suffers sharpest slowdown since first Covid lockdown

Separate data finds jobs were cut at fastest rate in four years but experts suggest figures were skewed by budget speculation Business live – latest updatesThe UK construction sector last month suffered its sharpest slowdown in activity since the first Covid lockdown as building projects were scaled

Construction sector shrinks at fastest pace since pandemic, survey suggests

Construction sector shrinks at fastest pace since pandemic, survey suggests

Some analysts said the score was a mere fluctuation in the run-up to the Budget.

Porn site fined £1m over age checks has never responded to Ofcom

Porn site fined £1m over age checks has never responded to Ofcom

The regulator tells the BBC it has been emailing AVS Group Ltd without reply since July.

What is happening to gas and electricity prices?

What is happening to gas and electricity prices?

Customers will pay for investment in Britain's energy networks, but should save from other changes.

‘Tough market conditions’ hit half-year retail sales at Frasers Group

‘Tough market conditions’ hit half-year retail sales at Frasers Group

Owner of Sports Direct chain says consumer confidence ‘very subdued’ with sales at sports division down 5.8%The owner of Sports Direct and Flannels has said sales have fallen at its UK retail businesses amid heavy discounting by rivals and “very subdued” consumer confidence.Frasers, which is control

Pornography company fined £1m by Ofcom for not having strong enough age checks

Pornography company fined £1m by Ofcom for not having strong enough age checks

AVS Group, which runs 18 websites, has 72 hours to make changes required by UK’s Online Safety ActA pornography company that runs 18 adult websites has been fined £1m by the watchdog Ofcom for not having strong enough age checks.AVS Group Ltd has been hit with the fine, plus a further £50,000 for fa

Fears of higher energy bills as £28bn grid upgrade gets go-ahead

Fears of higher energy bills as £28bn grid upgrade gets go-ahead

Plan to improve gas networks and rewire electricity systems across Great Britain likely to add £30 to average annual billEnergy companies have been given the green light to spend £28bn on Great Britain’s gas and electricity grids, raising fears of higher household bills.The energy watchdog, Ofgem, a

Energy grid investment of £28bn to push up household bills

Energy grid investment of £28bn to push up household bills

Ofgem says the investment will help lower reliance on imported gas and make wholesale energy cheaper.

‘Giant Esky’: Australia’s first indoor snow resort planned for western Sydney gets Chinese backing

‘Giant Esky’: Australia’s first indoor snow resort planned for western Sydney gets Chinese backing

Resort to be located on the banks of Penrith’s Nepean River, 15km from Western Sydney airport, with plans for a 300-metre Olympic-class ski runFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA $700m project to build Australia’s first i

Thailand seizes more than $300m in assets and issues 42 arrest warrants in cyberscam crackdown

Thailand seizes more than $300m in assets and issues 42 arrest warrants in cyberscam crackdown

Seizures and warrants involve Chinese-Cambodian tycoon Chen Zhi, who heads US-sanctioned Prince Group, and Cambodians Kok An and Yim LeakThailand has seized assets worth more than $300m, including shares in a major regional energy company, and issued arrest warrants for 42 people in a high-profile p

Court sides with Adidas in appeal over Kanye West collaboration

Court sides with Adidas in appeal over Kanye West collaboration

Investors had accused Adidas of misleading them as its relationship with the rapper showed cracks.

$700 for a bed? San Francisco startup plots ‘sleeping pod’ expansion

$700 for a bed? San Francisco startup plots ‘sleeping pod’ expansion

Brownstone firm buys building with plan for 400 pods in city where median apartment rent tops $3,000 a monthCan’t afford to rent an apartment in San Francisco? No problem. Now you can rent a bed.Brownstone Shared Housing, a Bay-Area based “sleeping pod” startup, recently bought a six-level building

EU looks at legally forcing industries to reduce purchases from China

EU looks at legally forcing industries to reduce purchases from China

Commission unveils €3bn strategy to de-risk and diversify supply chains for critical rare earth metals and elementsBusiness live – latest updatesThe EU is considering legally forcing industries to reduce purchases from China to insulate Europe from future hostile acts, the industry commissioner, Sté

HSBC appoints interim chair Brendan Nelson to permanent role

HSBC appoints interim chair Brendan Nelson to permanent role

Questions raised about permanency of 76-year-old’s appointment and ‘leadership stability at critical juncture for bank’Business live – latest updatesHSBC has appointed the former KPMG partner Brendan Nelson as its chair after a prolonged search process that left one of the world’s biggest banks with

US private payrolls unexpectedly declined in November, ADP says

US private payrolls unexpectedly declined in November, ADP says

Private employment decreased by 32,000 jobs last month after an upwardly revised 47,000 increase in OctoberUS private payrolls unexpectedly declined in November, the ADP employment report showed on Wednesday.Private employment decreased by 32,000 jobs last month after an upwardly revised 47,000 incr

Thames Water face collapse as crisis talks over future taking ‘longer than expected’

Thames Water face collapse as crisis talks over future taking ‘longer than expected’

Debt-ridden utility company warns of ‘material uncertainty’ despite seeing profits rise to more than £400mThames Water has said crisis talks to secure its future with lenders are taking “longer than expected” and will drag into 2026 as it faces the prospect of a collapse into government control.Brit

EU unveils €3bn strategy to cut dependency on China for raw materials

EU unveils €3bn strategy to cut dependency on China for raw materials

ReSourceEU project aims to de-risk and diversify supply chains for critical rare earth metals and elementsBusiness live – latest updatesThe EU has unveiled a €3bn (£2.63bn) strategy to reduce its dependency on China for critical raw materials amid a global scramble triggered by Beijing’s “weaponisat

Salford Red Devils wound up by High Court over debts

Salford Red Devils wound up by High Court over debts

Troubled former Super League club Salford Red Devils are wound up by the High Court.

Airbus cuts plane delivery target amid A320 fuselage problem

Airbus cuts plane delivery target amid A320 fuselage problem

Output reduction to ‘around 790’ planes comes after French firm issued recall over software glitch affecting 6,000 jetsBusiness live – latest updatesAirbus has cut its plane delivery target for this year after it identified a problem with the fuselage panels on its bestselling A320 family of aircraf

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