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Sky News
2,800 steel jobs axed under taxpayer-funded electric shift hitting Port Talbot hard
Up to 2,800 jobs are to be axed nationwide but mostly at the country’s biggest steelworks in Port Talbot, South Wales. Of the losses 2,500 will be in the next 18 months, Tata Steel said. A further 300 jobs are to go in three years. Statutory consultation on the cuts will begin, Tata added, but …
Business
Euro News
Google invests $1 billion in London-based data centre
Business
Evening Standard
French shipping giant CMA CGM to take Wincanton off London stock exchange in £764.9 million deal
Business
Business Live
Gloucestershire pump supplier appoints new managing director
A Gloucestershire pump supplier has appointed a new managing director. Luke Beattie has joined Moreton Valence-based Pump Supplies from Northavon Water and HydroVein where he was managing director. Before that he was responsible for regional strategic and operational management at Wessex Water for 18 years. Mr Beattie is taking over from Peter Lewington, who is …
Business
Sky News
Slight fall in shipping costs but still over 300% more expensive than November – fuelling inflation fears
Typical shipping prices are 329% more expensive since disruption began in the key Red Sea shipping route in November, new figures show.It now costs an average of $3,030 (£2,391) to send an average container from Shanghai to Europe, up from $707 (£558) in mid-November, before Yemeni Houthi fighters began capturing and firing on freight ships …
Business
Sky News
Shock fall in retail sales over Christmas period – far worse than predicted
There has been a shock fall in retail sales in the key December shopping period, sharpening the decline seen in recent months, official figures show.Data from the Office for National Statistics (ONS) said sales fell an unexpected 3.2%, despite Christmas and reported discounts offered by major chains and some positive reports by major high street …
Business
Sky News
Hunt signals tax-cutting budget ahead to help drive growth
The chancellor says he wants to cut taxes at the spring budget this year, declaring that doing so will be the quickest route to getting the economy growing again.Talking to Sky News on the fringes of the World Economic Forum in Davos, Jeremy Hunt said that while he has yet to see the fiscal numbers …
Business
Euro News
Italy’s motorists drive European car market forward in 2023
Business
Euro News
Climate ambition slipping beyond reach without urgent action, scientists warn
Business
Euro News
French authorities investigate alleged Neymar PSG transfer tax scandal
Business
Euro News
AI anxiety: Global IT firm Comarch’s CEO on the ‘danger’ people think they face
Business
Sky News
Chancellor convenes bank CEO summit over valuation concerns
The chancellor has called in the bosses of Britain’s biggest banks for talks next week amid concerns in Whitehall that their share price weakness is inhibiting lending to the wider economy.Sky News has learnt that senior executives from Barclays, HSBC, Lloyds Banking Group, NatWest Group and Santander UK have been asked to attend a meeting …

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