Boots owner to cut $1bn in costs despite UK sales increase
The owner of Boots is carving $1bn (£820m) of costs out of its business after a sales boost in the British pharmacy…
Microsoft pays HMRC £136m amid US tax row
The software giant paid the money in the past 15 months as part of a "bilateral contract".
Microsoft…
US crackdown on shadow Russian fleet sanctions oil shipping companies
Washington has announced its first sanctions against shipping companies who have violated the G7 cap on Russian…
A new cloud is forming’ over the global economy following Hamas’…
The recovery is "limping along" amid the threat of another Middle East war
The International Monetary…
Bank of England’s chief economist says that the Bank’s rate decisions…
The Bank of England chief economist stated on Thursday that future decisions on interest rates would be "more…
Cloud-busting will be a difficult time for tech regulators
Regulators around the globe are faced with a tough choice as they try to deal with the unfair competition in cloud…
European gas prices rise on fears of global supply disruption
The European gas price hit its highest level since March, as traders feared that the global energy supply would be…
The cost of the London-Birmingham HS2 leg has risen by a fifth, to £54bn
The cost to build the London-to Birmingham stretch of UK's high-speed HS2 railway has increased by a fifth within…
Mark Carney: Oil and gas can’t be shut down “overnight”
Mark Carney said that it was "not right" for countries with oil and natural gas industries to "shutdown…
Cambridge wants to double the number of unicorns by 2035
Cambridge will strive to double the number "unicorns", or privately-held start-ups valued at over $1 billion, based…
Metro Bank bondholders approve refinancing deal
Metro Bank won the support from 75 percent of its bondholders for a debt refinancing agreement of £600mn that was…
Germany wants more immigrants to help its economy grow
The German government has slashed its economic forecast, warning that output would shrink 0.4 per cent this year,…
Birkenstock shares fall 13% in first day of trading
Birkenstock shares dropped by more than 10% on the first day of trading Wednesday afternoon after the German sandal…
ExxonMobil buys shale company Pioneer for $59.5bn
ExxonMobil agreed to purchase Pioneer Natural Resources for $59.5bn, a deal that will unleash a consolidation wave…
European companies halt IPO Plans on Market Conditions
Investors' concerns over market conditions are preventing European companies from listing on local stock markets.…
HSBC is considering entering the business of arranging CLOs
HSBC has been considering entering Europe's $300 Billion collateralized loan obligations market as an arranger.…
Amazon Prime Day Deals Launch With Shoppers in the ‘Driver’s…
Amazon.com Inc. launched its fall sale on Tuesday for Prime members. Price-conscious shoppers opted to buy low-cost…
ONS: UK wages are not an unusually large driver of inflation
According to new research by the Office for National Statistics, rising salaries do not contribute to UK inflation…