Graduates face 12 per cent interest rate on student loans April 13, 2022 Graduates could be weighed down by 12 per cent interest payments on student loans from September, fresh analysis has revealed.
Ex-DeepMind employee says AI firm sought to ‘salvage’ its reputation instead of dealing with complaints April 13, 2022 A former DeepMind employee has hit out at the Alphabet owned firm for seeking to “discredit” her in a bid to “salvage” its own reputation, after she accused the AI developer of mishandling multiple sexual misconduct complaints. In an open letter, the former DeepMind employee – referred to only as Julie – said the [...]
Is the yield curve signalling recession? April 13, 2022 The US “yield curve”, or part of it, has “inverted” once more. This bond market measure has been a reliable predictor of US recessions over the last four decades. With only one exception, each time the yield curve has inverted, the US economy has entered a downturn within 18 months. What is the yield curve? [...]
BlackRock profits soar as funds notch $114bn inflows April 13, 2022 Asset management giant BlackRock sailed past profit estimates today after investors poured cash into its index and active traded funds in the first three months of the year.
Strike could stop production at Mini’s Cowley plant, says union April 13, 2022 A strike action could stop production at Mini’s Cowley plant, said the union Unite today after 150 workers voted in favour of walkout. Unite said the strike will run for eight days between the end of April and May after an “inadequate” pay was offered by employer Rudolph and Hellman Automotive. “Our Rudolph and Hellman [...]
Russia-Ukraine war deals JP Morgan £402m blow April 13, 2022 The US’s largest bank, JP Morgan, has been dealt a $524m (£402m) blow from losses linked to assets it owns in Russia, it announced today. The firm headed by Jamie Dimon said losses had been driven by “markdowns of derivatives” tied to Russian counterparties. The Wall Street investment bank has been part of a western [...]
Union calls on Avanti West Coast to withdraw see-through uniforms following staff complaints April 13, 2022 The union RMT today called on Avanti West Coast to withdraw its new uniforms after staff complained about them being see-through. “We have received a large number of complaints from members on the West Coast Mainline who have been issued with these flimsy new blouses and shirts by Avanti which are basically transparent,” said RMT’s [...]
Extinction Rebellion: Scientists glue themselves to government department in climate protest April 13, 2022 Scientists aligned to the Extinction Rebellion group have glued themselves to the department for Business, Energy and Industrial Strategy (BEIS) building in a climate protest. In images and footage posted on social media, campaigners with the Scientists for Extinction Rebellion group, took part in the demonstration unfurling a banner saying ‘end fossil fuels now.’. This [...]
China’s biggest oil and gas producer plans Western exit as US threatens sanctions April 13, 2022 CNOOC - China's top offshore oil and gas producer - is preparing to ditch its operations in the UK and North America.
Right to be entertained: Russians sue Netflix after market exit April 13, 2022 Russian Netflix users are suing the streaming giant after it exited the market last month, citing a violation of their rights. Nearly 200,000 people have launched a lawsuit against Netflix, demanding 60 million roubles (£563,000) in compensation, the RIA news agency reported. “Today, a law firm representing the interests of Netflix users filed a class [...]
