Money Moves

The Guardian view on Merck’s exit: Britain’s biopharma strategy stalls in the face of China’s rise | Editorial

The Guardian view on Merck’s exit: Britain’s biopharma strategy stalls in the face of China’s rise | Editorial

Merck recently announced the closure of its London research hub, a move that will result in the loss of 125 scientific jobs. This decision has drawn criticism, with some attributing it to the UK’s perceived insufficient support for life sciences and a rigid stance on NHS drug pricing. However, the company’s broader job cuts, totaling

The Guardian view on Merck’s exit: Britain’s biopharma strategy stalls in the face of China’s rise | Editorial Read More »

Weakening net zero policy ‘will spook investors’, warns UK’s climate adviser | Renewable energy

Weakening net zero policy ‘will spook investors’, warns UK’s climate adviser | Renewable energy

Nigel Topping, the UK’s newly appointed chair of the climate change committee (CCC), has cautioned that any weakening or alteration of net zero policies could negatively impact investor confidence and financial markets. In his recent statements, Topping highlighted the substantial economic benefits that a strong climate policy could bring to the UK, despite some political

Weakening net zero policy ‘will spook investors’, warns UK’s climate adviser | Renewable energy Read More »

Gucci, Balenciaga and Alexander McQueen hacked in cyber-attack

Gucci, Balenciaga and Alexander McQueen hacked in cyber-attack

Cyber criminals have reportedly compromised the personal information of customers affiliated with luxury brands Balenciaga, Gucci, and Alexander McQueen. The data breach includes names, email addresses, phone numbers, physical addresses, and spending totals for purchases made at these stores globally. Kering, the parent company of these brands, has verified the breach and informed the appropriate

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‘We’re in big trouble’: pope concerned at Elon Musk’s trillion-dollar proposed pay | Pope Leo XIV

‘We’re in big trouble’: pope concerned at Elon Musk’s trillion-dollar proposed pay | Pope Leo XIV

Pope Leo has expressed concern about the increasing disparity between the wealthy and the working class, highlighting a notable example in Elon Musk, who is on track to potentially become the world’s first trillionaire. During his first media interview, Leo criticized the current executive compensation structures, noting how they contribute to societal polarization. He stated

‘We’re in big trouble’: pope concerned at Elon Musk’s trillion-dollar proposed pay | Pope Leo XIV Read More »

Google’s huge new Essex datacentre to emit 570,000 tonnes of CO2 a year | Google

Google’s huge new Essex datacentre to emit 570,000 tonnes of CO2 a year | Google

A proposed Google datacentre in Essex is projected to release over half a million tonnes of carbon dioxide annually, according to planning documents. This facility, described as a “hyperscale datacentre,” would occupy 52 hectares (128 acres) in Thurrock if it receives the necessary planning approval. The proposal comes from a subsidiary of Alphabet, Google’s parent

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