Credit Suisse posts $1.4B pre-tax loss as woes go on in 4Q
Credit Suisse has reported a pre-tax loss of more than 1.3 billion Swiss francs, or about $1.4 billion, in the fourth quarter of last year.
Business
Deliveroo cutting 9% of staff; Bank of England governor pledges to get inflation down – as it happened
BoE governor Andrew Bailey has warned MPs that paying for public sector pay rises with borrowing could push up inflationUK property demand declines as house prices in England fallSunak should expand free childcare to tackle workforce shortages, says CB…
Credit Suisse axes top bosses’ bonuses after biggest loss since financial crisis
Swiss bank is cutting 9,000 jobs in restructuring programme after series of scandalsCredit Suisse has scrapped its annual bonus for top executives after the scandal-hit Swiss bank reported its worst full-year loss since the 2008 banking crisis.The lend…
Disney to cut 7,000 jobs as returned CEO Iger vows ‘transformation’
The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger.
Asian shares mixed after Wall St falls on rate hike worries
Shares are mixed in Asia after Wall Street gave back some of its recent gains on persisting uncertainty over interest rates and inflation.
UK property demand declines as house prices in England fall
Further slowdown likely amid interest rate rise and cost of living crisis, says surveyors’ body RicsProperty sales and house prices continued to decline across the UK in January, while new buyer demand and fresh listings were also down, surveyors have …
Sunak should expand free childcare to tackle workforce shortages, says CBI
Business group says as much as £9bn of investment is needed to improve systemRishi Sunak should funnel billions of pounds into free childcare to help get more parents into work to tackle acute workforce shortages, according to Britain’s leading busines…
Act now on energy bills subsidy or see fuel poverty surge, says Martin Lewis
Jeremy Hunt urged to reconsider raising state-subsidised energy rate from April as market prices make delay affordable Jeremy Hunt must act now to reverse plans to raise energy bills from April, MoneySavingExpert’s Martin Lewis has warned, saying the c…
Greens and crossbench join Coalition to hand Labor first major defeat in parliament
Senate blocks attempt to water down super funds’ transparency rulesFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe Greens and Senate crossbench have teamed up with t…
Google AI chatbot Bard sends shares plummeting after it gives wrong answer
Chatbot Bard incorrectly said James Webb Space Telescope was first to take pictures of planet outside Earth’s solar systemGoogle’s riposte to ChatGPT has got off to an embarrassing start after its new artificial intelligence-powered chatbot gave a wron…