ECB warns that ‘friend-shoring’ will increase prices
According to a European Central Bank study, geopolitical tensions have prompted more multinational companies…
Yearly Archives
2023
British Steel will close blast furnaces, putting 2,000 job at risk
British Steel plans to close two blast furnaces on its flagship site in Lincolnshire within the next three-years…
OpenAI to launch store after ChatGPT hits 100mn users
OpenAI has launched custom versions of ChatGPT, which can be tailored and adapted for specific applications. This…
Revolut talks about new Canary Wharf headquarters
Revolut has begun talks with Canary Wharf to relocate its headquarters. This would be a significant vote of…
Signa, the joint owner of Selfridges, is facing financial difficulties
A financial crisis that has engulfed Signa Group, Rene Benko's property empire in Austria, has cast doubt on the…
Japan’s scallops industry seeks refuge from China ban
Jumbo scallops are a favorite ingredient in classic sushi plates. They come from the northern Japanese town of…
Denmark says EU farmers should be responsible for carbon emissions.
The Danish climate minister said that EU farmers must pay for their greenhouse gases emissions. This comes as…
Cloud computing capacity a major focus for tech giants
Amazon, Microsoft, and Alphabet, the parent company of Google, are all expected to increase capital expenditure as…
Elon Musk releases a new AI chatbot called ‘Grok,’ to compete with…
Elon Musk’s artificial intelligence startup xAI released its first AI Model. The tech billionaire is looking to…
Shell’s boss defends renewables strategy shift with a ‘leaner…
Wael Sawan, the chief executive of Shell, plans to make the company "leaner", and more selective in its investments…
Ken Griffin, Citadel’s Ken Griffin, warns hedge funds against clampdowns to…
Ken Griffin, founder and CEO of the $62bn US hedge funds Citadel, warned regulators to focus on banks instead of…
Warren Buffett’s Berkshire Hathaway is selling stocks as its cash pile grows to…
Berkshire Hathaway’s cash pile soared to a new record of $157bn during a quarter when chief executive Warren…
Will Sam Bankman-Freed Conviction affect the cryptocurrency industry ?
Sam Bankman-Freed, the founder of FTX, has been found guilty in a fraud trial. This has significant implications…
FTC claims Amazon made $1bn with secret pricing algorithm
Amazon made more than $1bn extra profit using a secret pricing algorithm, US antitrust regulators claim in a…
Shell buys back $3.5bn in shares despite falling profits
Shell announced a larger than expected $3.5billion share buyback, even though the oil and gas company's quarterly…
Lloyds rejects latest bid by Barclay Family to buy UK’s Telegraph
Lloyds Banking Group Plc turned down the Barclay Family's latest bid to reclaim The Telegraph, in order to reassure…
Britons Rejected for Debit Cards after Missing Mortgage Payments
As high interest rates squeeze finances, many British mortgage holders miss payments and have their debit cards…
Barclays Rebuilds Carbon Trading Desk after a Decade Long Hiatus
Barclays Plc has re-established its presence on a market that it left a little more than a decade earlier: carbon…