The £100,000 childcare cut-off is hardly crime of the century, but it’s bad policy March 29, 2023 So here’s a column in defence of the one per cent, which at least is something you don’t see in any other rag, so let’s hope you enjoy the novelty. Worse, it’s arguing that those paid north of £100,000 are being hard done by. A challenging sell. But, but, but. It is increasingly this paper’s [...]
The Notebook: Neil Bennett on corporate disasters, Paris on fire and signs of hope for Wandisco March 29, 2023 One of my favourite business quotes comes, inevitably, from Warren Buffett: “It is only when the tide goes out, that you discover who has been swimming naked.” In the past two weeks it has become clear that the recent rapid tightening of rates has created to a strong ebb tide, and that there is an [...]
From cow herder to corporate chief – meet the man who leads Axa’s City division March 29, 2023 Axa’s UK chief executive Claudio Gienal is willing to admit he’s a tough boss. Speaking to City A.M., the Swiss exec, who took up his position as the head of Axa’s UK & Ireland business in 2017, is very clear that he doesn’t like “excuses”. He’s also clear that the people around him have to [...]
Scottish Widows using pension power to fight climate change in £1.4bn green fund launch March 29, 2023 Pension giant Scottish Widows has launched £1.4bn worth of new green funds today which it said will inject into companies “helping to resolve nature and climate issues”.
AI like ChatGPT and Bard are erasing women as it shows its developers’ bias March 29, 2023 ChatGPT automates the prejudices of our societies and delivers them with the confidence of a crypto salesman.
Yes, money can buy happiness and our well-being doesn’t plateau as we get richer March 29, 2023 The secret to happiness is...money. Recent studies have finally solved the debate on how to calculate what makes us happy, and indeed, it's having more funds, writes Paul Ormerod
Britain can’t match US green subsidies, but that doesn’t mean it’s out of the running March 29, 2023 We can't beat the US in terms of cash giveaways for green energy and innovation, but we can still use market-based solutions to compete in emerging green markets, writes Tom Thackray
Lloyd’s of London’s war underwriters prepare to pay out over ships stuck in Ukrainian waters March 28, 2023 Lloyd’s of London’s war underwriters have begun setting aside cash reserves as they prepare to pay out on a flurry of claims from the owners of ships stuck in Ukraine’s territorial waters. The insurance market is readying itself for a new wave of claims from shipowners that have now become viable following the anniversary of [...]
ECB official slams ‘opaque’ CDS market after Deutsche Bank’s share price drop March 28, 2023 A top official at the European Central Bank (ECB) has slammed the “opaque” nature of the credit default swap (CDS) market, after a sharp jump in prices of Deutsche Bank’s CDS caused the lender’s shares to plummet last Friday. Responding to a question about the sudden drop in Duetsche’s share price last week, Andrea Enria, [...]
Miliband slams North Sea oil and gas field as he unveils Labour’s Green Day March 28, 2023 Ed Miliband criticised the prospect of Rosebank - a new mega gas and oil field being approved in the North Sea.
