London (Parliament News) – HSBC CEO Noel Quinn resigns after an ‘intense’ five-year term, overseeing better-than-expected profits. A successor hunt begins as the bank looks to sustain growth. Quinn reflects on his tenure and plans. The chief executive of HSBC, Noel Quinn,
London (Parliament News) – Chuka Umunna, a former shadow business secretary and current JP Morgan banker, lobbies Labour on behalf of Czech billionaire Daniel Kretinsky for the acquisition of Royal Mail, sparking controversy and union backlash. Who is Behind the Push for
London (Parliament News) – MPs Question Government Transparency on EU Plant and Food Border Checks Lawmakers express concerns over Brexit border control delays, demanding clarity from the UK government on the phased implementation of checks. MPs have raised concerns over the UK
London (Parliament News) – Bank of England cautious on interest rate cuts as UK PMI strengthens, signaling economic recovery amid inflation concerns. The possibility of a summer cut in UK interest rates was reduced on Tuesday after the Bank of England’s chief
The UK’s job market is showing signs of slowing down, with unemployment rising to 4.2% between December and February, its highest in six months. During the same period, the employment rate dipped, and economic inactivity—people not working or seeking employment—slightly increased. Economists
A potential TikTok ban in the US could have a “potentially devastating” effect on some UK businesses, online traders are cautioning. President Biden has signed a bill mandating TikTok’s Chinese owner, ByteDance, to sell its stake in the app within nine months
London (Parliament News) – Brexit import checks delay causes business chaos. Businesses face uncertainty over implementation as the government postpones checks on EU imports. Businesses have conveyed Britain’s Brexit border designs as being in “complete disarray” after it emerged the intro of
London (Parliament News) – UK faces a second year of stagnant living standards, IMF forecasts. Despite expected growth, inflation and economic challenges persist into 2024. UK’s households will bear a second year without any progress in their living standards in 2024 as
London (Parliament News) – The Sun faces a £66m loss, with declining online readership and ongoing phone-hacking litigation costs. Despite challenges, Times Media reports profit growth. The Sun failed £66m last year and its online viewership declined by 4 million readers as
London (Parliament News) – Ted Baker is closing 15 UK stores, resulting in 245 job losses, as it faces administration challenges and seeks new operating partners. The high street fashion brand Ted Baker is to shut 15 stores across the UK with
