Payments firm PayPal to lay off 7% of its global workforce to cut costs
The company employs more than 2,000 people in Ireland
Business
Winter World Cup betting spree fuels £1bn profit at Ladbrokes owner
Entain says £995m pre-tax profit forecast boosted by record number of customers in final months of 2022The owner of gambling brands Ladbrokes and Coral has raised its annual profit forecast after it benefited from customers betting on the men’s footbal…
Free hotel breakfasts are getting bigger and better
While some travelers cringe at the thought of greasy sausages and bland eggs served at the free hotel breakfast buffet, others say free breakfast ranks among their favorite aspects of travel.
Lebanon sets new exchange rate, dramatically devalues pound
Lebanon’s Central Bank has set a new exchange rate that effectively devalues the country’s currency by 90% but did little to bridge the gap with the soaring black market rate.
What is Hindenburg Research, firm accusing Adani of fraud?
Hindenburg Research is a financial research firm with an explosive name and a track record of sending the stock prices of its targets tumbling.
Russia focuses on eastern Ukraine for possible new offensive
Ukrainian officials say Russia is mustering its military might in the Luhansk region of Ukraine, in what Kyiv suspects is preparation for an offensive in the eastern area in coming weeks as the one-year anniversary of Moscow’s invasion approaches.
Octopus says it chose to ditch profit to keep energy bills down
Potential £9m profit dropped for £150m investment to shield consumers from price increases, says supplierOctopus Energy said it has decided against making its first ever annual profit after ploughing £150m into attempting to keep customers’ gas and ele…
UK curbs on international student visas would be ‘act of economic self-harm’
University leaders fear billions being lost as a result of battles within government over immigration policyVice-chancellors fear billions of pounds could be lost because of new restrictions on international students, the result of internal government …
European inflation eases for third month to 8.5%
Europe’s inflation rate has dipped at the start of the year, giving some relief to consumers but still leaving them facing higher prices.
German beer sales up in 2022 after COVID pushed them down
Official figures show that German beer sales rose in 2022 after COVID-19 restrictions weighed on brewers in the previous two years.