Best and brightest: Could international students be set for exemption from migration targets? February 11, 2023 The Education Secretary may challenge the Home Office’s plan to cut migration, arguing that the financial boost from international students to British universities was “hugely valuable”. Gillian Keegan said she is wanting to expand education export revenues from about £26bn to £35bn by 2030. Speaking with the Financial Times, Ms Keegan said the university sector [...]
Arm China lays off dozens of staff as restrictions hit demand February 11, 2023 SoftBank Group Corp’s chip technology firm Arm Ltd’s China joint venture laid off 90-95 employees last week to cope with a challenging business outlook this year, according to three sources familiar with the situation. The layoffs come as SoftBank tries to set up a public listing for Arm this year. The China market has been a major source [...]
Energy suppliers to halt forced prepayment installations, Shapps confirms February 11, 2023 Energy firms will stop forcing vulnerable households onto prepayment meters amid pressure on the industry from Downing Street.
Russia slashes oil output by 500,000 barrels per day in response to Western sanctions February 11, 2023 Russia will cut oil production by 500,000 barrels per day after the West imposed price caps on Russian oil and products.
Shell lawsuit: Institutional investors back legal challenge over climate risk February 11, 2023 A group of European institutional investors is backing a novel London lawsuit against Shell's board over alleged climate mismanagement.
Trafigura suffers $577m charge after alleged nickel fraud February 11, 2023 Trafigura was hit with a $577m charge in the first half of 2023, after discovering some nickel cargoes it received did not contain the metal.
Union rejects ‘dreadful’ pay deal as Lynch promises to prolong strike misery February 11, 2023 The biggest rail workers’ union has rejected what the Transport Secretary has described as the “best and final offers” aimed at resolving the long-running disputes over pay, jobs and conditions. Mark Harper described the move by the Rail, Maritime and Transport union (RMT) to reject the proposals from Network Rail and the train operating companies [...]
Hero to finally hit the winning Patch at Sha Tin February 10, 2023 IT’S SAFE to assume trainer Manfred Man must have celebrated the start to the Chinese New Year in some style last week! Not only did the 65-year-old have his trainers licence extended by the HKJC, he also proceeded to win the Group One Centenary Sprint Cup with flying-machine Lucky Sweynesse. To add icing to the [...]
Size’s Eternal looks a Beauty of a bet February 10, 2023 THE PROGRESSIVE and exciting John Size-trained galloper BEAUTY ETERNAL will take centre stage on a 10-race programme at Sha Tin in Hong Kong on Sunday. The son of Starspangledbanner has been one of the talking horses in Hong Kong this season, following an impressive winning debut from the outside draw back in October. There has been plenty [...]
FTSE close: Index closes the week on a muted note, as traders eye 8,000 barrier February 10, 2023 London’s blue chip index closed at 7,882.45, down 28.70 points, or 0.36 per cent as investors paused for breath at the end of a trading week which saw the FTSE 100 hit an all-time high. Optimism over the British economy, which narrowly avoided recession, appeared to be tempered with a warning from Jeremy Hunt, Chancellor [...]
