Ukraine: 10 killed in Russia missile attack on high-rise block as fears grow of trapped survivors June 13, 2023 At least 10 people have been killed and dozens wounded after missiles hit civilian buildings in an overnight attack in the central city of Kryvyi Rih, Ukraine, a regional governor said. Serhiy Lysak, of the Dnipropetrovsk region, said the strike involving cruise missiles hit a five-storey residential building early on Tuesday and the area was [...]
HSBC to wind down New Zealand wealth and personal banking arm as pivot to Asia picks up pace June 13, 2023 HSBC will be winding down its wealth and personal banking businesses in New Zealand as it continues its withdrawal from various markets around the world. In a statement the bank said “it has become clear that we can no longer justify investing into this business given the changing operating requirements in the market and scalability [...]
British Gas owner facing shareholder showdown over chief’s £4.5m bumper pay June 13, 2023 British Gas owner Centrica has announced that the operating profits for its retail arm will be "significantly higher than in previous years."
Bank of England to hoist interest rates to 5.75 per cent as experts warn UK inflation is out of control June 13, 2023 The Bank of England will have to hike interest rates to their highest level since July 2007, the eve of the financial crisis, in a sign that markets think the UK has the worst inflation problem in the rich world. Traders ratcheted up bets on how high Bank Governor Andrew Bailey and the rest of [...]
The Notebook: Ian Whittaker is sceptical about AI – plus his take on the Telegraph takeover June 13, 2023 The Notebook is a column where interesting people say interesting things. Today, it’s Ian Whittaker, media analyst and founder of Liberty Sky Advisors Is AI’s biggest benefit its use as a buzzword? BT announced last month it is cutting up to 55,000 jobs as it restructures and stream lines its business. What particularly caught the [...]
FSB: Small firms need flexible payment options to ease energy bills burden June 12, 2023 Thousands of small businesses are at risk of closure, if suppliers fail to offer firms more flexible options for paying off their energy bills.
Hunt urged to ‘double down’ on backing offshore wind or risk falling behind rivals June 12, 2023 The government needs to incentivise domestic offshore wind and support the industry so that the UK can compete with international rivals.
UBS completes Credit Suisse takeover while imposing ‘red lines’ on its ex bankers June 12, 2023 UBS confirmed the acquisition of Credit Suisse on Monday as reports suggest Credit Suisse bankers will face tight restrictions on their activity. In an open letter published in the NZZ newspaper, UBS confirmed that “we have finalised the legal takeover of Credit Suisse.” Chief executive Sergio Ermotti and chair Colm Kelleher said “this is the [...]
If Ben Wallace takes the helm of NATO it could be a boost for Global Britain June 12, 2023 If Ben Wallace becomes the head of NATO, he’ll leave a big hole to fill at the Ministry of Defence. But it would be good for the UK’s international standing, writes Eliot Wilson
What the Windfall?! Debunking what just happened and why the industry’s not happy June 9, 2023 The government has made changes to the Energy Profits Levy - known as the windfall tax - here's what it means.