Goldman Sachs boss admits job cull should have been made sooner when ‘slowdown’ was apparent February 13, 2023 David Solomon told a gathering of Goldman Sachs executives that he should have cut jobs and slowed the investment bank’s hiring of new staff earlier in 2022 . Solomon was reported by the Financial Times as telling colleagues he had been too slow to reduce Goldman’s headcount. “As the environment was growing more complicated in [...]
Super Bowl 2023: The three major takeaways from Rihanna’s performance February 13, 2023 So the Super Bowl happened overnight in the States, a type of US football, but eyes are really on the halftime acts. This year it was Rihanna. The big sporting event typically hauls in the biggest musicians on the planet to play at halftime. Previous years have welcomed Beyonce, The Weeknd and Shakira to do [...]
‘Lavish’ spending culture of government ministers including £345,000 ‘restaurant and bar’ bill revealed February 13, 2023 Ministers are accused of overseeing a “lavish spending” culture in Whitehall with taxpayers’ money wasted on luxury items, after Labour analysis of government procurement cards. Concerns were raised over alcohol and dining purchases by the Labour Party including almost £345,000 by foreign office officials in 2021 under the heading “restaurants and bars”, as well as [...]
A naughty midnight swim at the top of The Shard? That’s Valentine’s Day sorted February 9, 2023 Let’s get this clear: Valentine’s Day is a commercialised hellscape. A disastrous day ruled by anxiety for those of us not in couples. If you’re not smooching your partner in a twee restaurant, making valiant waiters interrupt you to take your order, does Valentine’s Day even exist? It’s not that I mind romance, I just [...]
Is the metaverse immune to CBDCs? February 7, 2023 Dr Chris Kacher weighs up the pros and cons of CBDCs, and wonders if the metaverse can escape their reach with the aid of Web3.
Dell cuts almost 7,000 jobs as computer sales fall February 6, 2023 Dell has revealed plans to axe five per cent of its global workforce amid failed restructuring efforts and falling consumer demand for computers. “This is a difficult decision that was not made lightly, and we’ll support those impacted as they transition to their next opportunity,” a spokesperson for Dell said. Chief operating officer Jeff Clarke [...]
Special Youth Takeover Episode: Perception, Pathways and Progress within financial services February 6, 2023 DiverCity® Podcast · Special Youth Takeover Episode: Perception, Pathways and Progress within financial services We kick start Series 15 with a special Youth takeover episode. Host Julia Streets is joined by Chloe, Sirad, Megan and Harrison all of whom work as Young Consultants with the organisation Participation People. They share their perceptions of financial services [...]
The Notebook: Victoria Scholar on tech stocks, strikes and cheap cars February 6, 2023 Falling out of love with Big Tech US technology giants have been reporting their latest financial earnings in recent weeks with a mix of the good, the bad, and the ugly. Until the turn of 2021/22, Big Tech was a firm favourite among investors, scoring impressive share price gains in the years building up to [...]
UK shouldn’t start a ‘regulatory race to the bottom’ to lure Arm into London float, top City group warns February 5, 2023 A top City lobby group has hit out at the UK’s financial watchdog over claims it is planning to bend its own rules to persuade microchip designer Arm to float on the London Stock Exchange. The Institute of Directors (IoD) warned the Financial Conduct Authority’s (FCA’s) offer to waive market rules “undermines the integrity of both [...]
Dragons’ Den-inspired Social Chain media agency that works with Amazon and TikTok sold for £7.7m February 3, 2023 Social Chain, the social media agency founded by Dragons’ Den star Steven Bartlett, is to be sold in a deal worth at least £7.7 million. Social and digital media group Brave Bison announced on Friday that it had struck a deal to buy Social Chain. Mr Bartlett, who is a Dragon on the BBC show [...]