Barclays Becomes First UK Bank to Remove Bonus Cap, Allowing Payouts Up to 10…
In a significant move, Barclays has become the first UK bank to officially lift the cap on bankers' bonuses, a…
Yearly Archives
2024
Hargreaves Lansdown Agrees to £5.4 Billion Takeover by Private Equity Consortium
In a significant development in the UK's financial sector, Hargreaves Lansdown, the country's largest DIY…
Demand for Prime Office Space Soars as Tenants Seek Quality
The demand for top-quality office space in London is reaching unprecedented levels, with businesses approaching…
Eli Lilly’s Weight-Loss Drug Zepbound Surpasses $1bn in Sales, Beating…
In a remarkable feat, Eli Lilly's weight-loss drug Zepbound has surpassed 1 billion in sales for the first time,…
Paramount Global Slashes 15% of US Jobs Ahead of Skydance Merger
Paramount Global, the entertainment behemoth behind Paramount Pictures, CBS, Nickelodeon, and the UK's Channel 5,…
Drax Power Station: UK’s Largest Carbon Emitter Despite £22bn in…
The Drax power station in North Yorkshire has come under scrutiny following a report from the climate thinktank…
ONS: UK post-pandemic recovery higher than previously thought
According to updated data, which gives more weight to healthcare and energy industries, the UK economy has…
Chile’s sole steel mill closes amid surge of Chinese imports
Chile's only steel mill announced that it would close due to competition from cheap Chinese imports. This is a…
Cathay Pacific invests $13bn to ‘get to the very top of the world’
Cathay Pacific announced that it would spend $13bn in seven years to upgrade its aircraft, airport lounges, and…
Bill Ackman’s Pershing Square weighs a deal to take a property group private
Bill Ackman’s Pershing Square is considering a deal that would delist Howard Hughes Holdings for $3bn, according to…
Italy doubles foreign tax on the wealthy
Italy doubled its flat tax on foreign income for new residents. This is a blow for wealthy expats who are fleeing…
Travel and leisure companies are affected by the slowdown in US consumer spending
As concerns about the economy grow, US consumers are cutting back on their travel and leisure spending, affecting…
UK announces move to limit overseas hiring of tech and engineering workers
After asking its independent advisors on migration to examine the sectors' dependence on skilled worker visas, Sir…
UK shops close over fear of further violence after rioter is jailed for three…
Businesses closed early Wednesday morning due to fears of further riots. Judges began handing out prison sentences,…
GB News considers suing advertisers for boycott
GB News said that it was "closely" monitoring Elon Musk’s lawsuit against advertisers as a sign that it was…
Boohoo sells London office worth £72m amid turnaround struggles
Boohoo, a fast fashion retailer in London's Soho, is looking to sell its London office as it tries to improve its…
Environmental factors are suspected to be responsible for the rising rates of…
Cancer is no longer viewed as a disease that only affects the elderly. In the G20 industrialised nations group, an…
Rachel Reeves announces plans to create a pension model ‘Canadian…
On Wednesday, Chancellor Rachel Reeves is meeting with the heads of large pension schemes in Toronto. She wants to…