Elliptic beefs up leadership team with two senior appointments February 8, 2023 Elliptic has expanded its global leadership team with the appointment of Barry Chubrik and Sophie Froment.
A Big Tech-style restructure in Whitehall might just make our science sector February 8, 2023 When Google restructured to become Alphabet in 2015, it created a larger engine for innovation. Rishi Sunak’s reshuffle to create a Department of Science could do the same for investment into the UK, writes Daniel Korski.
Improving London’s carbon footprint with VOLT February 7, 2023 Despite the efforts of both the national government and the Mayor, London’s air pollution challenge remains. Research has identified London as one of the most polluted cities in the world by nitrogen oxide levels, close to Beijing and Delhi. It is clear that to overcome London’s air quality challenge, businesses and individuals across London will [...]
BP scales back climate ambitions as outcry over £23bn earnings ignites call for tougher windfall tax February 7, 2023 BP has scaled back its climate ambitions, easing plans to slash the amount of oil and gas it produces to meet global demand.
Boeing to axe 2,000 finance and HR jobs to ‘simplify corporate structure’ February 7, 2023 Boeing expects to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs. Last month, the Arlington, Virginia-based plane maker announced plans to hire 10,000 workers in 2023 – having hired 15,000 staff the previous year – but said some support positions would be cut. The company confirmed a [...]
Retail groups call apprenticeship levy a ‘£3.5bn mistake’ and call for urgent reform February 6, 2023 Kate Nicholls, chief executive of UKHospitality, said a “much-needed” overhaul of the system would enable businesses to go even further in their skills investment.
Liz Truss admits £45bn mini budget would have been scaled back if Bank of England warned on LDI crunch February 6, 2023 Former prime minister Liz Truss has today admitted her calamitous mini-budget could have scaled back had she known about the existence of LDIs. Truss admitted in an interview with Spectator TV that she “didn’t know the existence” of LDIs – liability driven investment vehicles – which sparked a near fire sale in the pension market [...]
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 [...]
World’s biggest gold miner Newmont tables £14.1bn offer for rival firm Newcrest February 6, 2023 Top gold producer Newmont Corp has made a £14.1bn ($16.9bn) offer for Newcrest Mining to build a global gold behemoth.
Business lending to drop at fastest rate in decades as recession fears intensify February 6, 2023 Bank to business lending is forecast to contract sharply in 2023 while mortgage lending will grow at its slowest pace since 2011 as fears of recession intensify, economists have predicted. According to the latest forecast from EY Item Club, an economic forecasting group, bank to business lending is expected to contract 3.8 per cent this [...]