Bird watching: What’s going on with X/Twitter’s Community Notes? November 9, 2023 It’s always embarrassing to be called out on a lie. That’s the cruel genius behind Twitter’s Community Notes feature, which brutally exposes mistruths with a cool, simple fact box. As Labour’s shadow foreign secretary David Lammy recently found out, the hard way. He tweeted “As I said on Radio 4 Today this morning, it is [...]
Bitcoin flirting with $37,000 as crypto markets turn green November 9, 2023 The cryptocurrency markets have rallied this morning, with Bitcoin up more than 4% over 24 hours, now trading around $36,760.
Santander UK appoints veteran of 18 years as CFO following surge in profit November 9, 2023 Santander UK has appointed Angel Santodomingo as its new chief financial officer (CFO), replacing Duke Dayal, following a jump in profit for Spain's biggest lender.
Wizz Air trims profit forecast as Pratt & Whitney engine issues bite November 9, 2023 Wizz Air has narrowed its annual income guidance for 2024 despite swinging to profit, as engine issues at a key supplier continue to bite.
All institutions come with the baggage of history, but good can still be done November 9, 2023 There are no easy answers – and none that will satisfy everybody – to settling historic ‘bills’ for involvement in the slave trade. Under pressure for a number of years, Lloyds of London announced yesterday a £50m investment in diversity and inclusion initiatives that it hopes will open the door of the insurance market to [...]
High street banks pull back lending to small firms as funding gap widens November 9, 2023 High street banks are pulling back from lending to small and medium-sized enterprises (SMEs) while demand for capital is set to rise, according to a survey of more than 100 brokers.
Airbus UK boss: Europe must march in step on defence in the face of conflict November 9, 2023 Airbus UK chairman says when countries work together, governments get the product they want — and revenues
The Big Four plan to cut 1,800 jobs – but are there more layoffs to come? November 9, 2023 The Big Four firms - KPMG, PwC, Deloitte and EY - have confirmed plans for nearly 1,800 jobs cuts this year. Is that the end or will the layoffs continue?
Reach embraces TikTok after slashing over 2,000 jobs since 2010 November 8, 2023 Reach, owner of the Mirror and Express papers, is looking to hire social media influencers after it announced its largest mass culling of jobs since 2020 today. It comes as the British publisher has cut more than 2,000 roles since 2010.
Worst corporate jargon of the week: GFC November 8, 2023 Fresh-faced finance bros in the City have breathed new life into a term for 2008 financial crash.