O’Leary Ventures Chairman Kevin O’Leary discusses his plans to build an oil refinery and reacts to the SEC’s lawsuits against crypto exchanges Binance and Coinbase on “The Claman Countdown.” Binance.US has gutted its workforce by a third and its chief executive is out as the U.S. arm of the world’s …
Read More »Santander issues statement as savers ‘sent wrong documents’ in major blunder | Personal Finance | Finance
Santander has announced that customers who applied for its easy access savings account that was offering a top 5.2 percent interest rate yesterday will still get that rate, despite documentation saying otherwise. Santander dropped the 5.2 percent interest rate of its Easy Access Limited Edition 3 account to 2.5 percent at midnight, …
Read More »VW eyes job cuts at German plant on low e-car demand: report
Volkswagen Group of America President and CEO Pablo Di Si joined ‘Mornings with Maria’ to discuss the company’s newest three-row all-electric bus. Volkswagen is looking at reducing staff at its plant in the eastern German city of Zwickau due to low demand for electric cars, the dpa news agency reported …
Read More »German insolvencies ‘rising sharply’ as economy remains in stagnation | Personal Finance | Finance
Company insolvencies in Germany are significantly increasing month on month as the economy remains in a state of stagnation in a worsening headache for Chancellor Olaf Scholz. In July 2023, insolvencies registered a notable increase of 23.8 percent compared to the same month in 2022. This upward trend in insolvencies …
Read More »Microsoft to assume AI copyright liability for Copilot users
Constellation Research founder R. Ray Wang discusses the fight over the future of AI between Google and Microsoft on “Varney & Co.” Microsoft announced Thursday that it will assume responsibility for potential legal risks posed to its customers by copyright infringement claims arising from the use of its artificial intelligence …
Read More »State pension rise could be smaller than expected following possible triple lock change | Personal Finance | Finance
State pensioners could see a smaller increase in their payments than expected next year, should new triple lock changes come into effect. According to a Telegraph report, the Treasury could be considering stripping out the impact of bonuses in the wage growth metric of the triple lock. To ensure the …
Read More »Ford reveals 2024 F-150 at Detroit Auto Show
Stanton, Tennessee, Mayor Allan Sterbinsky discusses steps he’ll take to deal with infrastructure ahead of its completion on ‘The Bottom Line.’ Ford debuted the newest version of America’s best-selling truck, the 2024 F-150, Tuesday evening at the Detroit Auto Show. “It’s a big week for Ford and F-150,” Ford Vice …
Read More »Land of make believe – Neverland is the urban beach here to stay! | City & Business | Finance
Over seven years the one-off urban beach overlooking the Thames in Fulham has become a favourite with locals, tourists and businesses for its themed events, celebrations and get-togethers. With a spacious, industrial chic setting, its versatility is well suited to the free-flowing socialising and Instagram moments today’s customers prefer. Once …
Read More »Oracle’s worst day in 21 years may be overdone
Former JPMorgan Chase chief economist Anthony Chan argues the U.S. consumer will ‘survive’ to beat a widely-predicted recession. Oracle shares are taking a beating on Tuesday after the company reported mixed quarterly results. The 13% drop in the shares intraday, before recovering some losses, is putting the stock on pace …
Read More »Mapped: Employment hotspots of UK as swanky swathes of London lag behind | Personal Finance | Finance
Employment rates in some areas of central London lagged behind other major cities while a relatively small Midlands city had the best growth. Coventry topped the charts with a 3.9 percent growth in payrolled employees in August 2023 compared to a year ago. The area of the country with the …
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