Tesla Cancels £12.6K Cake Order From California Bakery Amidst 21% Stock Slump and Rumours of Massive Job Cuts
Tesla's recent financial woes, marked by a substantial drop in its stock value, have prompted speculation about the company's financial health.
Body Shop's UK Business Slides Into Bankruptcy
The UK arm of The Body Shop, the near 50-year-old cosmetics company renowned for ethical hair and skin products, has entered bankruptcy, administrators said Tuesday, placing thousands of jobs at risk.
Barratt to Acquire Redrow in Landmark £2.5 Billion Deal
Barratt, the nation's largest housebuilder, has finalised a deal to acquire its smaller counterpart, Redrow, for an impressive sum exceeding £2.5 billion.
Manchester United Defender Lisandro Martinez Ruled Out For Two Months With A Knee Issue
Erik ten Hag will be unable to call on Lisandro Martinez for matches in February and March due to another injury setback for the player.
Stocks Steady While Oil Prices Back Off Three-month Highs
European and US stocks were mostly flat Monday at the start of a week packed with major earnings and data in addition to central bank decisions on interest rates.
Restructuring At Manchester United Takes Shape As Omar Berrada Appointed New CEO
Having spent over a decade with Manchester City, Omar Berrarda will switch to rivals, Manchester United, to help oversee the club's new direction.
European Union Launches In-Depth Investigation into Elon Musk's X Under Digital Services Act
The European Commission, responsible for enforcing the DSA on major platforms like X, announced the initiation of the investigation, citing potential breaches related to risk management, content moderation, dark patterns, advertising transparency, and data access for researchers.
Etsy Announces Workforce Reduction of 225 Employees, CEO Cites 'Unfortunate' Timing
Etsy, alongside Mattel and Hasbro, are experiencing decreased sales even during the Christmas season due to inflation.
Gold Hits Record High As Equities Weaken
Gold hit a record high on Monday as growing optimism that the Federal Reserve will cut US interest rates in the new year has dented the dollar in recent weeks.
Shadow Chancellor Rachel Reeves Plans Pensions Reform to Revitalise UK's Sluggish Economic Growth
Reeves' vision for pension reform envisions redirecting a significant portion of retirement savings towards bolstering the growth of British businesses.
Starmer pledges to transform steel industry with £3 billion investment
In September, the Government announced a £500 million grant for Port Talbot's steelworks, to keep the plant open and produce steel in a greener way.
SAG-AFTRA President Clarifies Proposal Terms from George Clooney to End Strike
A handful of Hollywood's biggest names led by George Clooney invited the guild to a talk to lay out a proposal that could potentially end their strike.
Best Banks in the UK 2023 - Personal Banking
Discover the best banks as rated by customers and experts
Asian Markets Struggle As Traders Prepare For Higher Rates
Asian markets were mixed Monday as investors contemplated the possibility the Federal Reserve will hike interest rates again and keep them at three-decade highs as officials struggle to contain inflation.
How the dams in Derna caved in and flooded the city
The two dams in the port city could not withstand the devastation brought about by Storm Daniel, causing massive torrents of floods throughout residences.
Luis Rubiales and Jorge Vilda sacked from Spanish FA
Spain's national women's team have succeeded in getting Luis Rubiales charged with sexual assault and head coach Jorge Vilda sacked after months of pleading with the FA.
Divided G20 head to India with eyes on Ukraine and climate
Divided G20 leaders will descend on New Delhi from Friday, with host Prime Minister Narendra Modi seizing a chance to occupy the geopolitical centre stage and hammer home India's growing diplomatic clout.
Spain sacks controversial women's team manager Jorge Vilda amid Rubiales kiss scandal
The RFEF has been facing a massive boycott from national team players.
Spanish Federation demands resignation from Rubiales amid kiss scandal
Manager Jorge Vilda is also set to be sacked.
Retail industry has surpassed construction as the worst-affected sector
The retail sector has claimed a dominant position in UK business administrations, constituting a significant 16 per cent of all filings in H1 2023, as highlighted by a recent analysis.
'Strong trade unions' necessary says Starmer to Unite Policy Conference
Speaking at the 2023 Unite Policy Conference, the Labour leader Sir Keir Starmer referred to the importance of the TUC's recent victory at the High Court.
Why are the MSC Cruises restructuring after announcing Caribbean and European cruise dates?
Last Tuesday, the MSC UK chief announced that their flagship Explora Journeys team will be included in the MSC Cruises of the UK and Ireland.
Investing in England's worst quality housing could generate over £135 billion
Restructuring England's poor housing could yield £135 billion in societal benefits, according to the Building Research Establishment.
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Climate finance summit wraps up eyeing bigger progress
A global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises.
Big consultancies promise change amid scandals, but what about employees?
Amid grand promises of change, have the top guns of management consulting forgotten two key stakeholders: junior consulting staff and impacted client staff?
Go woke, go broke: Is Disney facing losses due to its woke culture?
Disney was still reeling under the aftereffects of COVID-19 when it got involved in a controversy over the passage of the "Parental Rights in Education Bill"
Weil distress index shows UK companies at highest level since June 2020
Corporate distress levels in Britain accelerated in the three months to February to their highest since June 2020, an index compiled by law firm Weil Gotshal & Manges shows.
Amazon to lay off 9,000 more workers in second round of job cuts
Tech giant Amazon has decided to cut another 9,000 jobs across its businesses in the latest round of layoffs, according to CEO Andy Jassy.
Silicon Valley Bank's parent company cut off from bank's records
SVB Financial, the bankrupt parent company of Silicon Valley Bank, has lost access to its financial records after the bank was placed into receivership by the Federal Deposit Insurance Corporation (FDIC).