Amazon to cut another 9,000 jobs
Amazon has announced it will cut another 9,000 jobs in the next few weeks. The reductions will be made to the company’s cloud services, advertising… Read More »Amazon to cut another 9,000 jobs
Misc
Virgin Orbit plans for insolvency amid rescue talks with investors
Virgin Orbit has begun drawing up detailed contingency plans for its insolvency days after halting its operations and furloughing its workforce. Sky News has learnt… Read More »Virgin Orbit plans for insolvency amid rescue talks with investors
Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue
The British arm of Silicon Valley Bank (SVB UK) has handed out millions of pounds in employee bonuses just days after its insolvency was averted… Read More »Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue
Abu Dhabi-backed Apex in talks about bid for stricken MJ Hudson
A financial services giant backed by an Abu Dhabi sovereign fund is in advanced talks about a takeover of MJ Hudson Group, the struggling London-listed… Read More »Abu Dhabi-backed Apex in talks about bid for stricken MJ Hudson
Budget by self-styled boring chancellor is actually an economic gamble | Ed Conway
Remember how Jeremy Hunt cast himself as the sensible, boring antidote to Kwasi Kwarteng? The sales pitch was that following the chaos of the mini-budget… Read More »Budget by self-styled boring chancellor is actually an economic gamble | Ed Conway
Budget 2023 calculator: See if you are better or worse off after the chancellor’s statement
Wednesday 15 March 2023 18:03, UK
How Silicon Valley Bank chaos has had a bearing on us all – and why we’re in for a bumpy few months
Tempting as it is to believe that the chaos with Silicon Valley Bank and its British arm are of interest only to members of the… Read More »How Silicon Valley Bank chaos has had a bearing on us all – and why we’re in for a bumpy few months
Sunak confirms Hunt will still be chancellor at next election despite criticism ahead of budget
Rishi Sunak has said Jeremy Hunt will still be chancellor at the next election after criticism his number two did not have enough economic vision.… Read More »Sunak confirms Hunt will still be chancellor at next election despite criticism ahead of budget
Record $161bn profit by oil giant Saudi Aramco branded ‘shocking’ by activists
Oil company Saudi Aramco has reported earning $161bn (£134bn) last year – the highest-ever recorded annual profit by a publicly listed company. Coming at a… Read More »Record $161bn profit by oil giant Saudi Aramco branded ‘shocking’ by activists
Bank of London weighs rescue bid for UK arm of Silicon Valley Bank
A new clearing bank which launched just two years ago is among the suitors this weekend weighing bids to salvage the British arm of Silicon… Read More »Bank of London weighs rescue bid for UK arm of Silicon Valley Bank