Siemens Gamesa has again replaced its chief executive after profit warnings that have almost halved the market value of the world’s largest offshore wind turbine maker over the past year. The global supply chain crisis has hit the wind power sector particularly hard because of the industry’s razor-thin margins, complex logistics, and international supply chains. … Read more
Ministers told that planned sharp rise in corporation tax will hit businesses just as they are looking to invest
Credit Suisse picked stocks from across the United States, Europe and Asia that it predicts will take off thanks to particular "inflection points" in 2022.
AMC Entertainment chief executive Adam Aron has fulfilled a new year’s resolution to bring down the cinema chain’s interest payments, capitalizing on its status as a beneficiary of last year’s meme stock craze to borrow nearly $ 1bn from investors to refinance more costly debt. The fundraising organized by Citigroup received blockbuster investor demand, allowing … Read more
Rishi Sunak will join forces with the Bank of England on Thursday in an attempt to put the brakes on inflation, as he sets out plans to stop soaring energy bills causing a “cost of living catastrophe”. The chancellor will announce plans to slash hundreds of pounds from soaring domestic energy bills from April, seeking … Read more
Live news: Jacinda Ardern reveals gradual reopening plan following dip in popularity
Daniel Ek, Spotify chief executive, told investors it is “too early to know” whether the backlash over Joe Rogan’s podcast has cost the company customers, his first acknowledgment that the fallout could affect the business financially. “Usually when we’ve had controversies in the past those are measured in months, not days”, I said on a … Read more
Facebook Chief Executive Officer and founder, Mark Zuckerberg, leaving the Merrion Hotel in Dublin after meeting with Irish politicians to discuss regulation of social media, transparency in political advertising and the safety of young people and vulnerable adults. On Tuesday, April 2, 2019, in Dublin, Ireland. Artur Widak | NurPhoto | Getty Images Facebook parent … Read more
The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images One of the most popular bridges linking the ethereum and solana blockchains lost more than $ 320 million Wednesday afternoon in an apparent hack. It is DeFi’s second-biggest exploit ever, just after the $ 600 million Poly Network crypto heist, and … Read more
The UK is unlikely to meet its 2050 target for net zero emissions because the government has no clear plan to decarbonise heating and insulate homes, a cross-party committee of MPs has warned. The government needs to help develop low-carbon heating technologies, scale up the market for heat pumps and support gas boiler engineers as … Read more