Analysis: A wind brewing over energy subsidies January 26, 2023 Windfall taxes, state aid rules, subsidies in the US. Comment and Features editor Sascha O’Sullivan looks at the brewing storm over incentives for climate firms in the UK – and holding onto the ones we have. Of all the arguments during Brexit, state aid was hardly the one to get the most airtime. But it’s [...]
Why I think Bitcoin could be a key to saving the environment January 26, 2023 Susie Violet Ward busts some myths on Bitcoin's environmental credentials urging users to understand the technology to understand the value.
EY Germany likely to slash hundreds of jobs as Wirecard scandal fall out casts shadow over future profits January 26, 2023 EY’s German arm is planning to cut 40 partners and 380 staff as it attempts to boost profitability in the wake of the Wirecard scandal. The Big Four accounting firm’s German business is in talks to ditch hundreds of jobs after top audit clients including Commerzbank, DWS, and KfW pulled away from the firm following [...]
Bank dealmaking slumped to a five year low in 2022 – will it rebound this year? January 26, 2023 Mergers and acquisitions involving Europe’s top lenders slumped to their lowest level in five years last year as aggressive moves by central banks spooked dealmakers, new research has revealed.
Mastercard beats earnings estimate as consumer spending holds and cross-border transfers rise January 26, 2023 Consumer spending holding strong and a jump in cross-border payments helped Mastercard beat analyst’s earnings estimates for the last quarter, the company said today. At $2.62, Mastercard’s earnings per share was slightly higher than analyst estimates, while profit rose six percent in the period to $2.5bn, matching expectations, the firm said in its quarterly earnings [...]
London bus strikes suspended today: But which routes will be affected next week? January 26, 2023 London bus strikes have been suspended at the last minute, restoring public transport to around 70 routes around south and west London. The strikes affecting Abellio services in the city were planned to last from the 25 January to 26 January, with full service returning by 6am on the 27 January. It would have been [...]
Explainer: Does Meta need Trump more than Trump needs Meta? Probably not January 26, 2023 Big personalities, like winter colds and bad habits, always come back to haunt you. Donald Trump is no exception to this rule – and he just got back his platform to shout, very loudly, at your face. Facebook and Instagram – the Meta twins – decided to reinstate Trump’s account, two years after his suspension [...]
Nokia’s 16 per cent jump in sales lifts share price as it forecasts a strong year January 26, 2023 Nokia today reported a 16 per cent jump in sales for the last quarter, smashing expectations and sending its share price up by nearly six per cent at the open. In a fourth quarter trading update, Nokia said sales rose 16 per cent from the same period last year to £6.54bn (7.45bn euros), ahead of [...]
Over 6,000 more jobs cut as IBM and SAP follow tech giants in mass layoffs January 26, 2023 Tech firms IBM and SAP have today both announced mass layoffs set to affect over 6,000 jobs, joining the tech downturn of 2023. IBM Corp, an American multinational technology corporation, today announced 3,900 layoffs while European tech firm SAP said it planned to cut 3,000 staff. News of the layoff sent IBM’s share price two [...]
NatWest to shutter two London branches in latest round of closures taking UK total to 66 January 26, 2023 Natwest will close a further 23 branches between April and June this year, including two in London, as the shuttering of its presence on Britain’s high streets picks up pace. The closures add to the 43 branches Natwest has already confirmed will be closing in 2023. Only two of the branches – Clapham High Street [...]
