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05.09.2023 - 11:48
Business
Sky News
TikTok opens new European centre in bid to combat privacy concerns
TikTok’s first European data centre has gone live as the Chinese-owned company seeks to combat long-held privacy concerns.The firm behind the popular short-form video app, which has more than a billion users, has been in the crosshairs of Western politicians who believe user information could be given to Beijing’s regime. TikTok is owned by internet …
05.09.2023 - 11:38
Business
Sky News
Jeremy Hunt reveals date of next budget
Jeremy Hunt will set out his next budget on 22 November, the chancellor has told MPs.He has commissioned an Office for Budget Responsibility (OBR) forecast, which will be presented alongside the Autumn Statement. The lack of an OBR forecast at his predecessor’s mini-budget last September spooked the markets and sparked a huge economic fallout, pushing up …
05.09.2023 - 10:28
Business
Euro News
Big businesses urge EU to cut emissions by 90%
05.09.2023 - 10:13
Business
Evening Standard
European billionaires spend big on London’s ‘second-tier’ offices
European billionaires are snapping up central London’s tired “second tier” office blocks, according to a new study today.Occupiers’ scramble for new office space that complies with modern environmental standards has sent prices of unwanted secondary or “brown” workspace stock tumbling. However, they have proved attractive for cash-rich individuals or families looking for investments with high …
05.09.2023 - 09:50
Business
Sky News
Birmingham City Council effectively declares bankruptcy
Birmingham City Council has effectively declared bankruptcy after being hit with a £760m bill to settle equal pay claims.The council said it had issued a section 114 notice, confirming that all new spending, with the exception of protecting vulnerable people and statutory services, must stop immediately. In a statement declaring itself in financial distress, the …
05.09.2023 - 09:46
Business
Euro News
Flagship drug makes Novo Nordisk Europe’s most valuable company, dethroning LVMH
05.09.2023 - 09:46
Business
Business Live
Bristol-based communications agency reports ‘strong’ first quarter growth
South West communications agency reports growth in the first quarter of its financial year. B2B and corporate PR and communications specialists Ambitious PR, said it’s on track to meet its £1.65m revenue target in 2023 and has expanded its team to 25. The Bristol-based agency’s expansion in the first quarter of its financial year came …
05.09.2023 - 08:24
Business
Sky News
B&M to snap up 51 Wilko stores but unclear if jobs are to be saved
Wilko’s administrators have offloaded 51 Wilko stores to B&M but the discount retailer is yet to confirm whether workers at the sites will be retained.Sky News had earlier reported on the expected announcement, with City editor Mark Kleinman adding that hopes were fading for a wider rescue deal that would take in the vast majority …
05.09.2023 - 08:24
Business
Sky News
Wilko store closures and 1,300 more job losses confirmed despite B&M deal
Another 1,332 redundancies at collapsed retailer Wilko have been confirmed despite a deal to snap up more than 50 of its branches.It comes after administrators PwC confirmed on Tuesday that it had offloaded 51 of the chain’s 400 stores to budget retailer B&M. But it also said 52 stores would shut down with the loss …
04.09.2023 - 23:01
Business
Sky News
Bank of England’s ‘regrettable’ mistakes fuelled inflation, its former top economist says
The Bank of England “regrettably” made mistakes that have fuelled inflation in the UK, its former chief economist has told Sky News.Andy Haldane said the Bank had printed money through its programme of quantitative easing for “longer than it needed to” as it tried to help the economy recover from COVID – and also suggested …
04.09.2023 - 14:47
Business
Euro News
Turkish Airlines orders 10 long-haul Airbus jets
04.09.2023 - 11:49
Business
Euro News
Half of Switzerland’s large companies have been the victim of a cyber attack
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