Zoom to cut around 1,300 ‘zoomies’ as workers ditch wfh and head back to the office February 8, 2023 Zoom is trimming its workforce by 15 per cent as demand for online working fades into the pandemic past. Eric Yuan, chief executive of Zoom, said the company needed to “reset” and had made the “tough but necessary decision” to bid farewell to around 1,300 employees, in a memo shared with the public yesterday. In [...]
Price of a litre of diesel falls below 170p for first time since March last year February 8, 2023 The average price of a litre of diesel has fallen below 170p for the first time in 11 months, according to data from Experian.
Bitcoin price rises and others follow in response to Powell’s inflation remarks February 8, 2023 Bitcoin is in the green at $23,170 this morning, while Ethereum improved on its position by 2.5%, trading for $1,672 as the markets lift.
Total profits as French energy giant joins rivals with record £29.9bn earnings February 8, 2023 Oil and gas major Total Energies has joined the profits party alongside its rivals, posting record full-year earnings of £29.9bn.
Ukraine’s president Volodymyr Zelensky to meet King Charles at Buckingham Palace today February 8, 2023 President Volodymyr Zelensky will meet King Charles at Buckingham Palace during his visit to the UK today. Buckingham Palace has confirmed the King will hold an audience with the Ukrainian wartime leader at the royal residence in central London this afternoon (Wednesday, February 8). In a statement the Palace said: “Mr Zelensky will be greeted [...]
Shipping giant Maersk warns of profit slump as post-Covid boom comes to an end February 8, 2023 Maersk has shrunk its profit expectations for 2023 as volumes and freight rates normalise after two booming years. The shipping giant announced today it expects its underlying EBITDA to be between $8bn (£6.6bn) and $11bn – 78 per cent down on last year’s $36.8bn. “Guidance is based on the expectation that inventory correction will be [...]
Ashmore profits plunge by half to £53.8m as spooked investors pull out of emerging markets February 8, 2023 Ashmore’s profits plunged during the first six months of its financial year, with the emerging markets asset manager blaming extreme market turbulence for investors’ decision to pull their cash. The London-listed asset manager notched up pre-tax profits of £53.8m in the six months to the end of December, a fall of 54 per cent on [...]
Brexit: UK Supreme Court rules Northern Ireland Protocol is lawful February 8, 2023 The UK Supreme Court has ruled the Northern Ireland Protocol is lawful, rejecting a legal challenge to the Brexit process. The legality of the contentious trading arrangements has been challenged by a collective of unionists and Brexiteers. Judge Lord Stephens said in his ruling: “The most fundamental rule of UK constitutional law is that Parliament, [...]
Ukraine’s president Zelensky to make surprise UK visit TODAY, meet PM Rishi Sunak and address parliament February 8, 2023 Ukrainian President Volodymyr Zelensky will make his first visit to the UK since the Russian invasion of his country, with Rishi Sunak promising extra military support. The Prime Minister announced plans to train Ukrainian pilots, paving the way for them eventually being able to fly sophisticated Nato-standard jets, a key request from Mr Zelensky. Downing [...]
Equinor joins rivals Shell and BP with record £23.8bn profits as Norwegian energy giant props up Europe’s gas supplies February 8, 2023 Equinor has posted record £23.8bn full-year profits powered by soaring oil and gas prices, in line with bumper results from rival firms.
