Category Business

Public borrowing in February rose to a high for the month as the government paid out significant subsidies to cap energy bills for households and businesses, official figures show. Net borrowing hit £16.7 billion last month, up by £9.7 billion…

Amazon is to cut a further 9,000 jobs over the coming weeks in a fresh round of lay-offs designed to make the company “leaner” in the face of mounting economic concerns. The technology group, which announced in January that it…

  Silicon Valley Bank depositors made whole; Credit Suisse counter-parties saved; First Republic bondholders protected — are these bailouts or something else? Were these people “bailed out?” What are the differences between insured depositors getting their cash back, a private…

BACX, the performance energy drink startup, has announced a £1.2m seed funding round, led by four-time F1 World Champion Sebastian Vettel. Vettel, who retired from F1 last year, exclusively used BACX in fitness training and in the car during the…

The experts at money.co.uk have to investigated the current cost-of-living’s impact on different age groups and found 16-34 years olds worst affected. To do this, they compared the effect on their mental health, along with other factors like their biggest…

Workers are £11,000 worse off per year due to 15 years of wage stagnation, according to the Resolution Foundation. In new figures shared with BBC Panorama, the think tank calculated that, had wages continued to grow at the pace seen…

More than a third of Brits surveyed say the budget last week made them more concerned about the state of the UK’s economy. Chancellor Jeremy Hunt unveiled his spring statement in the House of Commons last week in light of…

The government’s failure to support the ailing UK steel industry in last week’s budget has put thousands of jobs at risk, the prime minister has been told. In a letter to Rishi Sunak, shared with the Guardian, the trade union…

   This week, we speak with Cliff Asness, co-founder and managing partner at AQR Capital Management. The firm has ~$100 billion in assets under management. An active researcher, Asness contributes to numerous publications and has received a variety of…

The UK is still on course to be the only big wealthy economy to register negative growth this year, despite an upturn in growth prospects, according to new international forecasts. Projections from the Organisation for Economic Coordination and Development (OECD)…