Walgreens profit slides as COVID-19 vaccinations fade in Q2
A decline in COVID-19 vaccinations and another opioid settlement cut into Walgreens second-quarter earnings, but the drugstore chain still delivered better-than-expected results.
Business
Small businesses weigh banking options amid bank turmoil
The recent banking turmoil has been a jolt for small businesses of all stripes, spurring many to scrutinize their banking services and mull whether or not they should make changes.
China spent $240bn on belt and road bailouts from 2008 to 2021, study finds
Rise in emergency financing for other countries since 2016 correlates with drop in infrastructure lendingChina spent $240bn (£195bn) bailing out countries struggling under their belt and road initiative debts between 2008 and 2021, new data shows.Resea…
IAEA head: Increased combat around Ukrainian nuclear plant
The head of the International Atomic Energy Agency says fighting has intensified near a nuclear power plant in Ukraine that is Europe’s largest.
UK government drops plans for NFT made by Royal Mint
Labour criticises Rishi Sunak ‘vanity project’ announced weeks before collapse in value of cryptocurrenciesThe UK government has dropped its plans to produce a non-fungible token for sale through the Royal Mint, just under a year after it first announc…
Millennial Money: Manage the costs of a chronic condition
For millennials with chronic medical conditions — or those raising kids with chronic conditions — health care can be an enormous expense.
Royal Mail workers poised for strikes after Easter as talks fail
CWU union lines up action as MP brands bosses’ threat to put service into administration as ‘scandalous’Postal workers at Royal Mail are poised to stage a fresh wave of strikes after Easter as talks in a long-running dispute between the company and uni…
Bank of England ‘vigilant’ in wake of Silicon Valley Bank collapse, says Bailey
Governor tells MPs market turmoil has ‘tested’ banking sector for signs of weaknesses but denies fresh crisis is loomingThe Bank of England’s governor has said it is on high alert and will remain “vigilant” to further turmoil after the collapse of Sili…
Diageo appoints Debra Crew as its first female chief executive
Former chief operating officer to be one of fewer than 10 women leading FTSE 100 companiesThe world’s biggest spirits maker, Diageo, has appointed Debra Crew as chief executive, one of few women to lead a FTSE 100 company.The company, which makes well-…
‘Silicon Valley Bank collapse fastest since Barings’ – Bank of England chief
Andrew Bailey also told MPs at Parliament’s Treasury Committee that the economy is in a ‘period of very heightened tension and alertness’.