The US Federal Reserve increased its benchmark interest rates by a quarter of a percentage point yesterday, marking a return to a slower, more orthodox pace of rate rises. But its European and British counterparts are likely to stick to a 50 basis point rise…

No company embodies the growth potential of electric vehicles more than Tesla. But with the value of Elon Musk’s company falling from more than $1tn last year to $383bn, many investors are rethinking how to get exposure to the EV boom.The size of the global…

More than 11,000 residents of Nigeria’s oil-producing Niger Delta have filed a claim for compensation against Shell at the High Court, London, in a long-running court case set to test multinational companies’ responsibility for environmental damage overseas.The claim from members of the Ogale community adds…

Batteries, batteries, batteries. The race to attract this industry of the future, and power the electric vehicles that will rule the roads, is as frantic as the rush for AAA cells after an eight-year-old opens their birthday presents. An orgy of subsidies under the Inflation…

Aeon’s pay offer is likely to push major competitors to take similar measures © BloombergAeon, one of Japan’s biggest supermarket and convenience store groups, said it will raise average wages by an unprecedented 7 per cent across its 400,000-strong workforce of part-time employees.The pay offer…

KKR is set to present a non-binding offer to buy Telecom Italia’s fixed-line business, said people briefed about the matter.The offer, which could be sent to the Telecom Italia board as early as Thursday, could unlock the stalemate over the debt-laden company’s future. Recent discussions…