Business News UK economy contracts as households cut spending TWHN Aug 12, 2022 The UK economy contracted in the second quarter, with households cutting spending as the cost of living crisis began to bite and… Read More...
Business News TikTok employees complain of ‘kill list’ aimed at forcing out London staff TWHN Aug 12, 2022 TikTok created what staff described as a “kill list” of colleagues that the company wanted to force out of its London office, in… Read More...
Business News Pharma groups lose £30bn of value on heartburn drug lawsuit worries TWHN Aug 11, 2022 About £30bn has been wiped off the market capitalisation of large pharmaceutical companies in the past two days as investors have… Read More...
Business News Bank of England warns Truss and Sunak over City regulation plans TWHN Aug 11, 2022 Andrew Bailey, Bank of England governor, has sent a strong warning to the UK’s next prime minister not to interfere politically in… Read More...
Business News Ping An doubles down on campaign to break up HSBC TWHN Aug 11, 2022 HSBC’s largest shareholder Ping An has doubled down on its campaign to break the bank up, rejecting executives’ recent arguments that… Read More...
Business News Disney adds streaming subscribers but cuts long-term target TWHN Aug 10, 2022 Walt Disney defied concerns about a slowdown in the streaming industry by adding a robust 14.4mn subscribers to its Disney Plus… Read More...
Business News Trump refuses to answer questions in New York state probe TWHN Aug 10, 2022 Donald Trump refused to answer questions at a deposition in a New York state probe into his businesses on Wednesday, invoking his… Read More...
Business News US stocks and bonds rally after lower than forecast inflation data TWHN Aug 10, 2022 US stocks and government bonds rallied on Wednesday after data showed inflation in the world’s largest economy had steadied, raising… Read More...
Business News Taiwan security officials want Foxconn to drop stake in Chinese chipmaker TWHN Aug 10, 2022 Taiwanese national security officials want to force Apple supplier Foxconn to unwind an $800mn investment in Chinese chip company… Read More...
Business News Justice department under pressure to explain raid on Donald Trump’s estate TWHN Aug 10, 2022 The US Department of Justice is under pressure to provide a fuller explanation of the FBI’s search of Donald Trump’s Florida estate… Read More...