Money Moves

Bosch has announced plans to cut 13,000 jobs as part of an effort to save €2.5 billion (£2.06 billion). This decision primarily impacts its mobility division in Germany, which provides vehicle parts and software. The company cites a stagnant market and heightened competition from firms such as Tesla and China’s BYD as major factors contributing […]

Amazon has agreed to a settlement of $2.5 billion (£1.9 billion) with the US government to resolve allegations that it misled customers into enrolling in its Prime membership and made cancellation processes difficult. The Federal Trade Commission (FTC) reports that $1.5 billion of the settlement will be allocated for refunds to customers who were improperly

The Prime Minister has reaffirmed the government’s commitment to the Northern Powerhouse Rail project, amid ongoing uncertainty surrounding this significant infrastructure initiative. This announcement follows further delays in plans to extend high-speed rail across northern England, a situation attributed to concerns regarding long-term financial implications. Labour leader Sir Keir Starmer emphasized the importance of getting

Users of the second-hand shopping platform Vinted have expressed frustration on social media regarding delays in receiving their orders, particularly those delivered by the courier InPost UK. Reports indicate that parcels have not been collected from the company’s lockers or are stuck in transit without updated tracking information. Some customers received notifications stating their items

Recent government data indicates that the U.S. economy experienced stronger growth in the spring than initially reported, driven by increased consumer spending and reduced imports. The Gross Domestic Product (GDP) rose at an annualized rate of 3.8% from April to June, up from an earlier estimate of 3.3%. This marks the fastest growth rate in

Zero-sum thinking is a conceptual framework where one party’s gain is perceived as another party’s loss. This mindset can be observed in various aspects of modern politics and societal attitudes. The idea suggests that in any competitive situation, the benefits awarded to one individual or group come at the direct expense of others. In the

Jaguar Land Rover (JLR) has initiated a “phased restart” of its operations, reporting that portions of its IT system are now functional. The company stated it is actively working to address a backlog of payments to suppliers and has increased its invoicing processing capacity. Production lines have been halted since a cyber attack in August.

Nigel Farage has intensified his advocacy for the Bank of England to cease its bond-selling program during his inaugural formal meeting with Governor Andrew Bailey. The Reform UK party claims that this process, known as quantitative tightening, imposes significant financial burdens on taxpayers and escalates government debt costs. During the meeting, Deputy Leader Richard Tice

Starbucks has announced plans to eliminate approximately 900 jobs and close underperforming stores in the United States and some in the United Kingdom as part of a strategic cost-saving initiative. The majority of the closures will occur in North America, where the company’s CEO, Brian Niccol, stated that the restructure aims to reduce customer wait

BP has revised its projections for global oil and gas demand, indicating challenges in meeting the net zero emissions target by 2050. The company’s latest outlook report estimates that oil consumption could reach 83 million barrels per day by 2050, an increase of 8% from a previous estimate of 77 million barrels. Additionally, BP anticipates