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Barclays slashes 5,000 jobs in 2023 in reshaping and efficiency bid
Barclays is estimated to have reduced about 5,000 jobs throughout the world in 2023, as part of its cost-cutting initiative which started late last year. The figure is around 5% of its total workforce at the moment.
The job cuts are…
Why Rio Tinto’s Guinea iron ore project is starting after 27 years
Rio Tinto's Simandou iron ore project in Guinea is finally taking off after almost three decades of holding the licence, government turmoil and coups. The project is expected to include two iron ore mines, a trans-Guinean rail line and a…
Germany’s last major department store chain files for insolvency protection for third time
Germany's last remaining major department store chain has filed for insolvency protection, its third filing in less than four years, after its owner ran into difficulties.
Galeria Karstadt Kaufhof, which currently runs 92 stores and…
iPhone users set for payouts from Apple over device slowdown claims
Apple has begun compensating US owners of specific iPhone models amid claims that the devices were intentionally slowed down.
The case includes iPhone 6, 6 Plus, 6s, 6s Plus, and SE models running iOS 10.2.1 or later before December 21,…
Jonathan Majors gives first interview since his conviction
Jonathan Majors has broken his silence in his first extensive remarks since being found guilty of reckless assault in the 3rd degree and a non-criminal charge of harassment as a violation.
The actor sat down for an emotional and…
Boeing shares plummet after plane window blowout
Shares in Boeing, listed in Frankfurt and the US pre-market, fell 9% on Monday after the US Federal Aviation Administration ordered the temporary grounding of 171 of the American company's 737 MAX 9 jets for safety checks, according to…
Elon Musk’s alleged drug use puts 13,000 jobs at risk, report suggests
Allegations made against Elon Musk over possible drug use are worrying executives within his companies, a report in the Wall Street Journal (WSJ) has suggested.
Musk, chief executive officer of Tesla and SpaceX, has denied the…
Rolls-Royce sees record sales as demand for all-electric car grows
Rolls-Royce has seen sales soar to another record level on continued demand for its luxury models and sales driven by its new all-electric Spectre model.
The UK-based luxury vehicles plant, owned by BMW, delivered 6,032 vehicles to…
Chinese and German manufacturing sectors boosted by new orders, UK lags
China’s manufacturing sector is showing signs it may finally be on the mend, with the Chinese Caixin manufacturing purchasing managers’ index (PMI) for December coming in at 50.8. This was above market expectations of 50.4, as well as…
European stocks hit a 23-month peak to start the new year
European stocks have hit their highest level in nearly two years, up 0.5% on the day at 0829 GMT, as traders speculated on potential rate cuts by central banks in 2024.
Bank stocks in the Eurozone (.SX7E) surged to their highest levels…
Google settles $5bn lawsuit for ‘private mode’ tracking
The class action sought at least $5bn (£3.9bn) from the world's go-to search engine and parent company Alphabet.
Large technology firms have faced increased scrutiny of their practices in the US and beyond.
Lawyers representing…
Françoise Bettencourt Meyer: L’Oréal heiress first woman to amass $100bn fortune
The French beauty empire founded by her grandfather is on track for its best stock market performance in decades.
L'Oréal shares rose to a record high in Paris on Thursday.
The firm has seen its sales rebound after the pandemic, when…
Drowning in heavy debt you can’t afford? Here’s some steps to consider
This is an expensive time of year for all of us but for those who are already feeling under the strain of financial pressure it can seem a desperate time.
It may be tempting to pull the duvet over your head and try to sleep your…
Tesco weighing sale of Malaysian, Thai supermarkets
Tesco is five years into a recovery plan launched after an accounting scandal capped a dramatic downturn in trading.
LONDON (REUTERS) - Britain’s biggest supermarket chain Tesco said on Sunday (Dec 8) it had started a review of its…
Virgin Trains waves goodbye with final service after 22 years
Launched in 1997, Virgin Trains was Britain's longest-running rail franchise, but its routes have now been taken over.…
How to prepare for digital economy jobs
Digital skills are enhancing existing jobs as well as creating new ones. Navigating the vast amount of information available to decide on what skills will be useful and how to acquire them can be daunting, but is necessary.
As the…
Zopa earns its banking stripes with £130m capital injection
US-based IAG Capital will acquire a majority stake in Zopa as part of the capital-raising by the fintech group, Sky News learns.…
Save for retirement and pay less tax with an SRS account
The SRS was started in 2001 to help Singaporeans save more for retirement and to complement the compulsory CPF scheme.
As the year winds down, it's a good time to see if you have any spare cash to put aside in the Supplementary…
Uber fights rearguard action as regulators weigh London ban
Transport for London is "actively considering" denying Uber a new licence in the capital next week, Sky News learns.…
Investor challenge winners share their tips and tricks
The team of Mr Bryan Tan (left), Mr Yee Jin Koi and Mr Kenny Chia won this year’s Investor-One Challenge, by presenting their investment case for pharmaceutical firm Hyphens Pharma.
The team of Mr Bryan…