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Oil price spiral may be slowed but not stopped by G7 emergency move
Posted onReleasing 300 million barrels of oil will not address all issues. As powerful as the G7 is, China, India, and South Korea remain the key customers for physical supply of Gulf oil and gas. As such, gas tankers from the US that had been bound for Europe are now doing Atlantic U-turns and heading for…
Bank boss sorry after describing workers as lower value human capital
Posted onDiscussing how automation was likely to lead to thousands of job cuts at the bank at a recent conference, Bill Winters said it wasn’t about cost cutting but “replacing, in some cases, lower value, human capital, with the financial capital and the investment capital that we’re putting in”.
TikTok launches £3.99 subscription for no ads in UK
Posted on“Advertising on our platform is already helping thousands of British businesses reach new customers, increase sales and create jobs, while our new ad-free option gives people greater control over their experience,” said Kris Boger, TikTok’s UK managing director.
Why has British Steel been nationalised?
Posted onThere are 1,160 businesses in the UK steel industry, directly supporting 40,000 other firms, according to government figures., external Tata Steel at Port Talbot in Wales was once the UK’s largest virgin steel producer but it turned off its blast furnace in September 2024, saying it was losing £1.7m a day. An agreement with the…
