BA’s owner IAG commits to 40 per cent female management by 2025 March 1, 2022 British Airways’ (BA) owner IAG extendeded today its gender equality commitments, pledging to reach a 40 per cent female management target by 2025. While female representation on the group’s board stands currently at 42 per cent, since 2021 women have occupied a 33 per cent of all senior management positions in the company. The new [...]
Shell announces new CFO following London HQ move March 1, 2022 Shell has appointed Sinead Gorman as its new chief financial officer with Jessica Uhl stepping down following the firm's HQ move to London.
Toshiba boss resigns suddenly amid historic break-up plans March 1, 2022 Toshiba’s boss has suddenly resigned, as the company undergoes a significant restructuring. Satoshi Tsunakawa will be replaced by interim CEO Taro Shimada, amid reports that the plans to split the company had been met with opposition. The Japanese technology giant announced a historic break-up plan in mid-November, following pressure form activist investors to streamline operations. [...]
Fried Frank poaches 35 of New York rival Cadwalader’s staff March 1, 2022 New York law firm Fried Frank has poached 35 professionals from its New York rival Cadwalader, Wickersham & Taft. Fried Frank is set to take on five partners from New York’s oldest law firm Cadwalader, Wickersham & Taft. In the coming weeks, 15 Cadwalader lawyers and a further 15 professional services employees will also join [...]
JP Morgan invests in TRM Labs amid blockchain push March 1, 2022 JP Morgan has become the latest banking giant to signal support for blockchain technology with an investment in TRM Labs.
UK becomes first country to ban Russian ships from accessing ports March 1, 2022 The UK has become the first country to pass a law banning all Russian ships from docking at its ports, transport secretary Grant Shapps announced this morning. “At London’s Foreign Office where we’ve just become the first nation to pass a law involving a total BAN of ALL ships with ANY Russian connection whatsoever from [...]
British factories tackle bulging order book as supply chains come back online March 1, 2022 An unravelling in supply chain snarl ups is freeing up materials for British factories to use to clear an enormous backlog of work, reveals a closely watched survey published today. Improvements in the functioning of the global logistics system has restored flows of components used by British manufacturers, allowing them to complete work snowballed due [...]
Gazprom exports to Europe down by a third as prices spike across the continent March 1, 2022 Gazprom's natural gas exports outside ex-Soviet Union countries, according to the latest data from the Kremlin-backed gas giant.
MSC halts Russian bookings as Switzerland breaks neutral position March 1, 2022 Shipping giant MSC has halted Russian bookings for cargo, as the corporate world attempts to stave off Russia’s wider operations. “MSC will continue to accept and screen bookings for delivery of essential goods such as food, medical equipment and humanitarian goods,” the world’s largest shipping firm said today. The temporary move will be implemented from [...]
TikTok rolls out 10 minute videos as it closes in on YouTube March 1, 2022 TikTok is set to roll out videos of up to 10 minutes in length, as the Chinese tech firm closes in on competitors like YouTube.