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‘Unfortunately, there is no choice’: Elon Musk defends culling Twitter staff
Elon Musk has defended sacking half of Twitter’s 8,000 workers, saying “unfortunately, there is no choice”.Mr Musk insisted that the platform’s commitment to moderation remained “absolutely unchanged”. He tweeted: “Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4m a day.“Everyone exited was offered three months of severance, …
Press Release
Pressat
New PodCast Series from Professional Triathlete Mitch Vanhille
Professional Triathlete and Coach Mitch Vanhille, based primarily in Belgium and Singapore, has started a new PodCast series where he discusses various aspects of running, training, and life as an athlete and coach, as well as examining the role of business in athletics. His PodCast is available on a variety of platforms, including SoundCloud and …
Business
Evening Standard
Rail strikes suspended after ‘promise of pay offer’
A series of planned strikes by railway workers in a long-running dispute over jobs, pay and conditions has been suspended.Members of the Rail, Maritime and Transport union (RMT) had been due to stage 24-hour walkouts on Saturday and next Monday and Wednesday.The RMT said it has secured “unconditional” talks on Network Rail (NR) and the …
Business
Evening Standard
FTSE 100 buoyed by mining gains amid China reopening speculation
European stocks enjoyed a boost on Friday, closing the week on a high amid reports that China is mulling over reopening its economy.The FTSE 100 surged by more than 2.5% at one point on Friday as investors piled cash into the index’s China-exposed mining giants.Shares in Anglo American moved more than 10% higher amid the …
Business
Business Live
The recession can be a chance to do things differently
Since the UK’s first Indian-origin Prime Minister was asked to form a government by King Charles III last month, many are still trying to work out what Rishi Sunak and his Chancellor will do to close the massive hole in public finances and reduce the impact of increased energy prices. The forthcoming Autumn Statement has …
Business
Evening Standard
Elon Musk decries ‘massive drop in revenue’ as advertisers withdraw from Twitter
Elon Musk has warned of a ‘massive drop in revenue’ at Twitter as advertisers cut bank on their spending with the social media giant.The billionaire tweeted: “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to …
Business
Business Live
Meet the tech founders tackling the mortgage market head on
A former professional ice hockey player-financial-adviser and a brand director have joined forces to tackle the financial services market with a new tech platform designed to offer mortgage advice and guide borrowers through one of the biggest purchases of their lives. Meet Margo is the brainchild of Matt and Claire Towe and is designed to …
Business
Business Live
NHS trust signs up for new offices in Newcastle city centre
An NHS trust has signed up for new offices in Newcastle city centre. The Newcastle Upon Tyne Hospitals NHS Foundation Trust to take 18,500 sq ft of space across the first floor of Eldon Court, at Eldon Square, taking the offices to full occupancy. The trust will use the property for staff training and chose …
Business
Business Live
Belfast cyber security firm bags £2.4M funding with eyes on global growth
A Belfast firm which develops technology to secure the operation of drones and other remotely operated vehicles has secured £2.4 million in funding. ANGOKA’s latest raise comes from London-based 24Haymarket alongside GALLOS and the Co-Investment Fund (NI) through Clarendon Fund Managers. It said it would use the investment to grow its business globally and speed …
Press Release
Pressat
New PodCast Series from Dental Expert, Dominic Thorncroft
Prominent dental expert Dominic Thorncroft, has started a new PodCast series where he discusses various aspects of dental hygiene, common dental procedures, and common problems we all may face. While Dentistry may not be the most ‘sexy’ hot topic out there today, it’s an undeniable fact that we’re all going to need to look for …
Press Release
Pressat
New London Property News website from Simon Halabi
An exciting new Property Focused Website and associated digital media platforms has launched at London Property News designed purely to throw the spotlight on the magnificent properties in, and vibrant property market of, London. Sponsored and supported by Simon Halabi, a now-retired international property developer and investor, the website will feature articles, editorials, and opinion …
Business
Sky News
Flutter investors brace for judge’s verdict on FanDuel stake sale
Investors in Flutter Entertainment, the FTSE 100 gambling group, are poised to discover the outcome of a year-long legal dispute with Rupert Murdoch’s Fox Corporation over the value of FanDuel, the American sports betting platform.Sky News understands that a New York court will deliver its verdict on the value at which Fox should be allowed …

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