Spanish PM urges end to EU reliance on imported food, energy
Spanish Prime Minister Pedro Sánchez is urging the European Union to “reindustrialize” to end its dependence on energy, microchips and food from outside the bloc.
Business
Dell to cut 5% of global workforce as ‘uncertain future’ looms
US-based PC maker makes move in order to reduce costs as ‘market conditions continue to erode’Dell is to cut 6,650 jobs, or 5% of its global workforce, as the PC maker becomes the latest US tech firm to reduce costs amid economic uncertainty.Dell told …
Clothing retailer M&O to close 170 shops with loss of up to 1,900 jobs
Scottish retailer went into administration at the end of last year, after closing 47 shops in 2020Scottish retailer M&Co is to close all 170 of its stores after falling into administration before Christmas, with the loss of up to 1,900 jobs.The clo…
Nissan to take stake in Renault electric vehicle unit to repair alliance
New 15-year deal includes working together on electronics and battery technologyNissan is to take a stake of up to 15% in Renault’s flagship electric vehicle unit as part of a new long-term deal designed to repair relations in the troubled 24-year alli…
Dell to slash about 6,650 jobs as it battles slowing demand
Dell Technologies employs over 5,000 people in Ireland across its five sites
Norway looks to donate $7.3 billion in aid to Ukraine
The government of oil-rich Norway is looking to donate 75 billion kroner ($7.3 billion) in a multiyear support package to Ukraine.
Liz Weston: ‘Bridge’ your way to Social Security
Delaying the start of Social Security retirement benefits can dramatically increase your monthly benefit and your lifetime income.
Electric vehicles power rise in UK car sales despite weak outlook
Trade body SMMT cuts forecast for annual sales, citing inflation and interest rate increasesSales of electric vehicles fuelled the strongest start to the year for the UK car market since before the pandemic, although the forecast for annual sales has b…
Bank of England could be forced to raise interest rates again, says policymaker
Inflation could become entrenched as Covid, energy shock and Brexit hit economy, says Catherine MannA senior Bank of England policymaker has warned the central bank could be forced to keep raising interest rates to prevent high levels of inflation from…
Kenya labor court rules that Facebook can be sued
A judge in Kenya has ruled that Facebook’s parent company, Meta, can be sued in the East African country.