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NatWest boss defends amount of tax banks pay
The head of NatWest, which is part state-owned, has defended the amount of tax that big banks pay.Alison Rose, the chief executive, said banks were taxed more than “any other sector” and more than the financial service sectors in other countries. Speaking on Ian King Live, Ms Rose said: “On taxes, the banking sector already …
Business
Sky News
Amazon value down as slowest growth expected over Christmas period
Shares in Amazon fell as the company expected slower Christmas sales and increased expenses.Shares fell nearly 20% as inflation and interest rate costs threatened to eat up profits. The world’s largest online retailer forecast comparatively weak growth for the next three months, typically the busiest Christmas period.The lacklustre forecast came at the same time that …
Press Release
Pressat
New study: Faith in Action
A new study by the Berlin Institute for Population and Development and Konrad Adenauer Foundation illustrates the links between religion and population dynamics in West Africa Berlin, 27.10.2022 West Africa has one of the fastest growing populations in the world. It is projected to nearly double by 2050, when close to 800 million people are …
Business
Sky News
Shares in Facebook parent company crash as investors flee
Shares in Meta plunged as the market opened in the US following a drop in quarterly profits, sliding nearly 23%.The fall compounded the company’s woes, with investors wiping $520bn from Meta’s market value since the start of the year. The parent company of Facebook, Instagram, and WhatsApp lost more than $80bn overnight following the release …
Business
Sky News
US economy bounces back from recession territory
Gross domestic product in the US bounced back in the third quarter, reversing a trend over the first six months that suggested the country was heading for a recession.The country’s GDP increased by 2.6% between July and September of this year, beating experts’ forecasts and reversing a steep decline of 0.6% in the previous quarter. …
Business
Sky News
US economy bounces back from recession territory even as storm continues to brew
Gross domestic product in the US bounced back in the third quarter, reversing a trend over the first six months that suggested the country was heading for a recession.The country’s GDP increased by 2.6% between July and September of this year, beating experts’ forecasts and reversing a steep decline of 0.6% in the previous quarter. …
Business
Sky News
ECB doubles interest rate to decade high, fuelling European recession fears
Europe has edged closer to recession as the European Central Bank (ECB) raised interest rates by 0.75%, making borrowing and repaying debt more expensive. The ECB has lifted its main interest rate to the highest in more than a decade to tackle record inflation in the eurozone, which stood at 9.9% in September. Borrowing and …
Business
Business Live
Third base for rail maintenance specialist CWE as it takes steel site on with network access
A North Lincolnshire rail maintenance specialist has launched a new facility on British Steel’s site in Scunthorpe. Crowle-headquartered CWE will use the rail-linked site to provide wagon maintenance, overhaul, repair, and modifications, enabling it to become a “true problem solver and continue to provide dedicated client service within the region”. The independent company describes itself …
Business
Business Live
The Plymouth coffee shop on a mission to raise awareness of the Rwandan genocide
The founders of a coffee shop in Plymouth are hoping to raise awareness of the impact and consequences of the Rwandan genocide with a new short documentary showcasing their story. Husband-and-wife duo Jabo Butera and Liliane Uwimana are the founders of Jabulani Coffee on Union Street – and are on a mission to connect the …
Business
Evening Standard
Lloyds Bank debt fears as talk of house price crash grows
FRESH fears about the UK economy emerged today when Lloyds Bank set aside more than half a billion pounds to deal with bad debts and warned on a “deteriorating” outlook.Since it dominates the mortgage and savings market, Lloyds is regarded as a close proxy for the wider UK economy – 98% of its business is …
Business
Evening Standard
Meta financial results a sign ‘all is not well’, experts say
Meta’s latest financial results “paint a picture of a company where all is not well”, industry analysts have said.The social media giant published its financial figures for the three-month period ending on September 30 on Wednesday, which revealed a revenue drop for the second quarter in a row, while profits were also down.And while a …
Business
Business Live
Recruitment underway at Pensana as orders placed for infrastructure to build £150m chemical plant
Rare earth processor Pensana has initiated recruitment of key operating personnel for its £150 million Saltend plant. The inward investor is developing both mining operations in Africa and the complex separation plant on the Humber, as it prepares to supply vital oxides used in electric vehicle batteries and wind turbines. It has given an operational …

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