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Business - Page 195

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Business/International/Latest News/UK

Tony Blair told to ‘disappear quietly’ amid WEF links

As rumours about Tony Blair replacing Klaus Schwab as the head of the World Economic Forum (WEF) grow, MPs and commentators are outraged. As more people voiced their displeasure with Mr. Schwab’s

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by Robert Fowler
January 21, 2023January 21, 2023
Business/International/Latest News

Twitter witnessing drop in revenue under Elon Musk ahead of huge interest payment

According to IT magazines Platformer and The Information, Twitter’s daily advertising revenue on January 17 was 40% lower than it was at the same time last year. As Elon Musk implements his

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by Robert Fowler
January 20, 2023January 20, 2023
Business/International/Latest News

Elon Musk changes Tesla’s pricing strategy in controversial move

In an effort to increase customer demand, Tesla has slashed the price of some of its most well-liked electric vehicles by thousands of pounds in both Europe and the US. In the

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by Robert Fowler
January 16, 2023January 16, 2023
Business/International/Latest News

Over $5 billion in assets have been recovered from FTX

A counsel for the company claims that the defunct cryptocurrency exchange FTX has recovered more than $5 billion (£4.1 billion) in assets. The magnitude of consumer damages is yet unknown, a US bankruptcy

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by Robert Fowler
January 15, 2023January 15, 2023
Business/International/Latest News

China denies South Korea and Japan visas due to COVID limitations

Japan and South Korea no longer receive short-term visas from China in response to the Covid travel restrictions on Chinese citizens. Despite not being the only nations imposing entry conditions on visitors from

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by Robert Fowler
January 15, 2023January 15, 2023
Business/International/Latest News

Jack Ma will cede control of Ant Group leaving no one with ‘overall control’

After a regulatory crackdown, Ant Group’s billionaire founder Jack Ma will relinquish control of the Chinese fintech behemoth. Since criticising China’s financial sector in 2020, the formerly flamboyant Mr. Ma has been

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by Robert Fowler
January 15, 2023January 15, 2023
Business/International/Latest News

US inflation drops to its lowest in over a year

The US is under less pressure due to rising costs of living thanks to a substantial decline in energy prices, particularly gasoline. According to the US Labor Department, annual US inflation was

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by Robert Fowler
January 14, 2023January 14, 2023
Business/Latest News/UK

Walkouts are ‘killing off struggling firms’ as strike mayhem grips the UK

Militant union officials yesterday promised to keep up the damaging strike for months, denying they are out of money. If the government attempts to limit their influence, unions have vowed to continue dragging

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by Robert Fowler
January 14, 2023January 14, 2023
Business/International/Latest News

After FAA issue, more delays are anticipated for US flights

After flights were suspended, normal air traffic operations are gradually returning to the US, according to the Federal Aviation Administration (FAA). Although more delays are anticipated owing to a backlog of flights,

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by Robert Fowler
January 12, 2023January 12, 2023
Business/Latest News/UK

Shell will make its first UK tax payment in five years

After posting enormous global profits in 2017, Shell has announced that it will pay tax in the UK for the first time since that year. To recoup part of the enormous gains

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by Robert Fowler
January 10, 2023January 10, 2023
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