Goldman Sachs to axe more than 3,000 bankers in just days January 9, 2023 Wall Street banking giant Goldman Sachs will axe 3,200 workers in just days to protect its finances from a likely recession in the US and a slowdown in global deal making. The lender is expected to shrink its staff force by around 6.5 per cent and will tell workers on Wednesday if they are part [...]
Nuclear boss urges govt to back small modular reactors with ‘pace and urgency’ January 9, 2023 The head of the UK's leading nuclear body has urged the Government to pursue SMRs with "pace and urgency."
Rishi Sunak calls for ‘radical’ action as NHS on ‘knife-edge’ January 7, 2023 Rishi Sunak has urged health leaders at an emergency meeting to take “bold and radical” action to alleviate the winter crisis in the NHS. The Prime Minister told them during Downing Street talks on Saturday that a “business-as-usual mindset won’t fix the challenges we face”. Critics said the discussions would be just a “talking shop” [...]
Where to eat for Chinese New Year: Best London restaurants to celebrate the year of the rabbit January 6, 2023 With one new year already receding in the rear-view mirror, attentions are turning to the next – the Chinese New Year, which falls on the 22 January and marks the beginning of the year of the rabbit. Dining is a huge part of the traditional celebrations and London’s restaurants are pulling out all the stops [...]
US economy adds more jobs than expected in headache for Fed January 6, 2023 The US economy added more jobs than expected last month, but cooling wage growth may convince the Federal Reserve to hold off on repeating jumbo interest rate hikes this year, official figures out today reveal. Some 223k Americans bagged a new job last month, down slightly from November, according to data from the US Bureau [...]
CBDCs – the future of banking or an Orwellian Nightmare? January 6, 2023 Susie Violet Ward presents the case against central bank digital currencies, arguing they're a one-way ticket to trouble.
Pound sterling: 2023 could be another torrid year as it tumbles to November low against US dollar January 6, 2023 The pound has tumbled to its lowest level against the US dollar since November, pushed down by investors on both sides of the Atlantic betting the Federal Reserve will keep raising interest rates aggressively this year. The currency dropped a shade over 0.2 per cent to $1.19 this morning, leaving it trading at pre-Christmas levels. [...]
Pubs: As record number predicted to go bust in 2023 hospitality guru urges gov to lift sector from ‘the abyss’ January 6, 2023 A record number of pubs, clubs and restaurants could go to the wall this year without more support, warned a leading industry voice.
“Doesn’t make sense”: SSE slam Government’s lack of incentives for renewable energy January 5, 2023 SSE has urged the Government to include investment incentives in the new tax on electricity generators to avoid deterring investment in renewables.
Next boss Lord Wolfson: London’s High Streets had ‘more to worry about’ four years ago despite loss of brands like Topshop January 5, 2023 Next boss Lord Wolfson has “less reason to worry about the high street” compared to a few years ago, on the tail of a slew of household names shuttering. Physical retail was in a less concerning position than in recent years, when a switch to online shopping signalled a death knell for many staple retailers, [...]