Signa, a European luxury property group, files for bankruptcy
Signa Holding filed for bankruptcy on Wednesday. It is the central company of the vast property group, which owns…
Yearly Archives
2023
Google will pay C$100mn per year to provide news in Canada
Google agreed to pay C$100mn per year to a fund that supports news organizations in Canada, as part of an agreement…
Farfetch shares plummet despite talks of the founder taking it private
Farfetch shares fell as much as 50% on Wednesday despite reports its founder may take the luxury online retailer to…
Google DeepMind researchers used AI to find 2mn materials
Google DeepMind researchers discovered 2.2mn new crystal structures, which could lead to advancements in renewable…
Halfords warns that profits will fall amid a slump in sales of new bikes
Halfords warned that profits would be lower this Christmas as fewer people bought new bicycles.
The retailer's…
Deliveroo plans to expand into DIY and beauty products
Deliveroo plans to sell everything from hammers, drills and makeup to boost its lagging growth rate.
Soon,…
Office landlords in Europe are facing a cash crunch of £34bn as a result of home…
Economists warn that office landlords in Europe are going to face a cash crunch of £34bn as more staff work from…
Ottolenghi is forced to reduce restaurant opening hours due to chef shortage
Yotam Ottolenghi has had to reduce the opening hours of his restaurants due to a lack of chefs.
Emilio Foa is…
Second AI company in “civil war” over leadership
A week after Sam Altman was victorious in a power battle with ChatGPT maker OpenAI, the chief executive of another…
Adobe’s Figma deal worth $20 billion could harm UK competition
A new UK government report found that management consultants and City of London financial workers were among the…
Lloyds boss warns of bank windfall tax in the wake of Labour’s election…
Lloyds Bank's chief executive has asked Labour and the Government not to impose a windfall tax in his industry,…
M&S supplier: Office workers are switching from sushi to sandwiches due to…
According to a major supplier of supermarket lunch deals, office workers are switching from sushi to sandwiches due…
Rolls-Royce sells its flying taxi business
Rolls-Royce has launched a sales program worth £1.5bn to sell its electric plane and flying taxi businesses.
Mr.…
UK study finds that AI will have the greatest impact on high-flying city workers
According to a government report published on Tuesday, high-flying professionals from the City of London are likely…
Barclays is exploring a plan to drop thousands investment banking clients
Barclays is considering dropping many investment bank clients to increase profits and reduce costs by £1bn.…
Amazon Cloud boss hits back at Microsoft for OpenAI troubles
The head of Amazon’s cloud division used the recent turmoil at OpenAI as a way to launch a thinly-veiled attack…
Dollar at 3-month low after Fed official signals rate fall
Investors are increasingly confident that US Federal Reserve will begin cutting interest rates in mid-2024. The…
EU regulator warns that Amazon’s acquisition of iRobot may restrict…
Amazon's proposed $1.45bn purchase of iRobot drew a formal opposition from the EU's Antitrust regulator. The…