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BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn
BP is to cut thousands of jobs from its global workforce, amounting to 5% of its staff, in an effort to save billions in costs to appease its worried shareholders.
The oil company reportedly told staff on Tuesday that it would cut 4,700 jobs and scrap another 3,000 contractor positions, …
Most Canadians don’t recognize Mark Carney, the Liberal party favourite to replace Trudeau
rock star central banker
” who navigated a string of financial crises and became a leading global voice on the economic risks of climate change, has rapidly emerged as a favourite in the race to lead Canada’s Liberal party.But the steepest challenge for …
Jeff Bezos’s Blue Origin rocket blasts off in challenge to Elon Musk’s SpaceX
Jeff Bezos’s Blue Origin company hailed “a new era” in commercial spaceflight on Thursday after its giant New Glenn rocket made a long-awaited successful maiden launch from Florida.
The spectacular early morning liftoff from Cape Canaveral space force station was a milestone moment for Bezos’s rivalry with fellow billionaire Elon …
US-Cuba deal to bring release of more than 500 detainees: ‘I thought I’d never get out’
When Maykel González Vivero, a journalist and LGBTQ+ activist, was picked up by police during massive street protests in Cuba in July 2021, he was driven to a detention centre on the outskirts of Havana and thrown into a jail cell with dozens of others.
“When I was in that …
Reeves clings to green shoots of recovery as UK economy flatlines
inflation figures
, and breathing room in the bond markets. After a difficult start to the year for Rachel Reeves, there are at last a handful of positives to cling onto.Kemi Badenoch will attack the Conservative party’s record under Boris Johnson and Theresa May on Brexit, the economy, net zero and immigration in a speech aimed at “rebuilding trust”.
The Tory leader, who is competing with
the sharp rise in popularity of Nigel Farage’s Reform UK party
, …UK economy could be especially at risk from Trump’s tariff war, says minister
The UK government is worried a “tariff war” between the US and other countries could lead to higher inflation and unemployment, the trade secretary has said.
Jonathan Reynolds, the business and trade secretary, warned the UK was particularly vulnerable to the impact of US tariffs because it was a “very …
Make boxing great again? Here are a few suggestions | Thomas Hauser
On January 14, 2025, His Excellency Turki Alalshikh posted a message on social media that read, “MAKE BOXING GREAT AGAIN.”
That’s a noble goal. And the Saudi Arabian General Entertainment Authority has signaled its willingness to spend billions of dollars to achieve it.
But we should not lose sight of …
Rachel Reeves summons regulator chiefs to Downing Street to push growth agenda
Rachel Reeves is expected to pile pressure on UK regulators to do more to support growth when she summons bosses to No 11 on Thursday.
The chief executives of watchdogs including the Competition and Markets Authority, communications regulator Ofcom, water regulator Ofwat, and the energy regulator Ofgem, are due to …
Deion Sanders as Cowboys head coach would be crazy. But it could work
It didn’t take long for Jerry Jones to turn the Dallas Cowboys’ head coach search into a circus.
Perhaps that’s just how he likes it. In the middle of the NFL playoffs, with the Cowboys long out of the postseason picture, up pops Jones to push his team back to …