Lidiane Jones, Slack’s chief executive officer, warns that the cost of chips…
Lidiane Jones is the new CEO of Slack. She believes that the rising cost of generative artificial intelligent could…
Yearly Archives
2023
BP’s plan for wind farms without subsidies
BP is considering building two huge offshore wind farms in British waters without government subsidy contracts in…
Saudi Aramco gives its shareholders an additional $10bn bonus
The world's largest oil company, despite a drop in profits due to the fall of crude prices, will give an additional…
PayPal launches stablecoin to push deeper into crypto payment
PayPal launches a stablecoin. It is the first major financial institution that has delved into crypto payments,…
Yellow, a US trucker, files for bankruptcy to repay federal loans
US trucking company Yellow filed for bankruptcy on Monday and will close its doors. It collapsed under the weight…
Chief economist of the BoE warns that food inflation is unlikely to drop soon
The days of cheap foods may be gone, said the Bank of England chief economist on Monday. He warned that prices at…
UK charity bank raises new debt after huge paper losses on bonds
After reported steep paper losses on the value of its bonds, a UK bank that serves 14,000 charities announced a…
The US has taken Britain’s quirky chip champion.
Ahead of a landmark public listing, one of the UK's biggest success stories is facing an identity crisis…
Mohammed bin Salman relies heavily on oil to plug Saudi Arabia’s ballooning debt
Saudi Arabia's oil company, the state-owned Saudi Arabian Oil Company (SAOC), will help to plug the Gulf…
Prices of wheat and oil soar after the attack on a Russian ship by Ukraine
Wheat and oil prices surged after Ukraine launched an attack on a Russian naval ship, prompting warnings about…
France is Europe’s largest energy exporter, as British demand increases
The country's nuclear power company finally fixes the cracks in its aging fleet of reactors
France is…
Zach Kirkhorn, Tesla’s CFO and veteran company employee, has quit.
Zach Kirkhorn, Elon Musk’s closest lieutenant at Tesla, resigned unexpectedly from his position as Chief Financial…
Stress test for many of the world’s biggest hedge funds
After being invited to participate in the stress tests, which are the first ever to include the shadow banking…
Fat-finger mistakes that cost the city dear
Last week, Nasa mission specialists admitted that they had made a serious mistake when it was revealed that the…
Why Wilko failed — and how a rescue might cost £70m
Wilko buyers will have to put up to £70m into the struggling discount chain in order to save it this weekend.…
Lloyds is facing a High Court case over ‘overcharging of’ £624m in car…
In a landmark case at the High Court, Lloyds Banking Group was accused of illegally "overcharging" car finance…
South Korean politician urges US abandon China chip strategy
A prominent South Korean legislator strongly criticised Washington’s interventions in global semiconductor…
Ukraine allies boosted by ‘constructive signals’ from China at Jeddah…
China has indicated that it is willing and able to participate in further international discussions on the…