Global fossil fuel demand to peak ‘in the coming years’, IEA says September 12, 2023 Global demand for fossil fuels is "set to hit a peak in the coming years" and gradually decline thereafter as the world pivots towards renewable energy sources, the head of the International Energy Agency said today.
Smurfit Kappa reaches deal on mega-merger with US rival WestRock in move away from London September 12, 2023 London-listed Smurfit Kappa will form one of the world’s largest packaging companies as it announced a multi-billion tie-up with US rival WestRock. The Ireland-headquartered business said that the merger would create a giant with around 34 billion US dollars (£27 billion) in combined revenue last year. The deal will help Smurfit break into the US [...]
Bitcoin and wider crypto markets still haunted by the spectre of FTX September 12, 2023 Selling pressure resulting from the ongoing FTX court proceedings may have spooked crypto investors, some analysts believe.
Labour vow to scrap minimum service levels law if elected, unions told September 12, 2023 Labour would scrap the minimum service levels law within their first 100 days in office, Angela Rayner told a trade union conference.
Barclays: Bank to cut 450 jobs as union brands move ‘unnecessary and unjustified’ September 12, 2023 British bank Barclays has told staff it is planning to cut around 450 jobs across the business, trade union Unite has said. Mid- to senior-level staff at the business’s head office are likely to be affected, the PA news agency understands. Unite, which represents staff members at the bank, said it was an “unnecessary and [...]
Metro Bank share price falls after plans to reduce capital charge rebuffed by watchdog September 12, 2023 Metro Bank shares plummeted after the lender announced that plans to reform its calculation of capital requirements have been rebuffed by the banking watchdog.
Coinbase looking to conduct Lightning September 12, 2023 Coinbase, one of the world’s largest cryptocurrency exchanges, is to add support for the Lightning Network.
Fever-Tree: Boss blames ‘vagaries’ of British summer for lower profit expectations September 12, 2023 Fever Tree said it had been battered by Britain's unpredictable weather, as a wash out summer led it to cut annual profit expectations.
CogXFestival Live Blog September 12, 2023 September 12-14th at The O2, London The CogX Festival started in 2017 to focus attention on the rising impact of AI on Industry, Government and Society, a subject which has never been higher on the global agenda. Over 6 years, CogX has now evolved to be a Festival of Inspiration, Impact and Transformational Change, with [...]
Melrose sees potential £200m hit from aircraft engine problems September 12, 2023 Melrose Industries has said it could take a hit of around £200m from problems with an aeroplane engine which is likely to ground hundreds of planes.
