Rail union announces a week of industrial action October 24, 2022 Press Association A rail union has announced nearly a week of industrial action, including strikes in November in their ongoing dispute over pay, job security and conditions. Thousands of members of the Transport Salaried Staffs’ Association in Network Rail will strike on Thursday November 3, Saturday November 5 and Monday November 7 while members in [...]
EU pushes ban on petrol cars ahead of climate summit October 24, 2022 The EU is proposing to tighten the bloc's climate policies ahead of the COP 27 summit in Cairo, Egypt, next month.
Scottish Power calls for Bulb auction to be scrapped and restarted October 24, 2022 Scottish Power has slammed the Government's handling of the sale of Bulb accusing them of distorting competition in the energy sector.
Tech stocks get ready for a rocky road ahead October 24, 2022 BIG TECH braces itself for another testing earnings season, as the biggest names in Silicon Valley post their quarterly figures this week. Kicking off the tumble last Friday, Snapchat posted a rocky quarter, citing squeezed ad spend and ongoing macroeconomic uncertainty as the main driver. Not only has Snapchat’s parent firm lost a quarter of [...]
Former Google boss says regulation must focus on choice rather than tech interference October 24, 2022 Former Google ads boss said the government needs do more to restrict market dominance, but shouldn’t interfere too much with how the tech ecosystem actually works. Speaking with City A.M., former Silicon Valley exec turned search-engine startup founder Sridhar Ramaswamy said that regulators need to find a balance between keeping behemoths like Apple and Google [...]
Parliament set to scrutinise pension funds’ controversial LDI strategies October 24, 2022 The debt-fuelled investment strategies at the heart of a crisis in the pensions sector are set to be scrutinised by parliament in order to glean “lessons to be learned”, the Work and Pensions Committee announced today.
China boosts Russian oil supplies despite Zero Covid slowdown October 24, 2022 China's has ramped up its oil imports from Russia 22 per cent year-on-year, despite a drop in consumption due to its lockdown measures.
UK finance at the ‘front of the peloton’ on climate, says Carney October 24, 2022 UK financial firms are at the “front of the peloton” on setting rigorous climate standards and the rest of the world will follow suit, the former Bank of England governor Mark Carney said today.
Shell could start profit slowdown as Labour pushes to expand windfall tax October 24, 2022 The historic profit run from oil and gas titans is expected to slow down this week, when Shell unveils its latest results.
New Philips CEO slashes 4,000 jobs in bid for financial turnaround October 24, 2022 Philips is set to cut around 4,000 jobs – the equivalent of five per cent of staff – in Roy Jakobs’ first major move as CEO. The Dutch conglomerate has had its sales fall for more than a year and has ultimately become loss-making. The job losses will be based in the US and the [...]