German economy shrank 0.2% in Q4, worse than expected
Official figures show that Germany’s economy shrank by 0.2% in the fourth quarter compared with the previous three-month period.
Business
Carrier Emirates test flies Boeing 777 on sustainable fuel
Long-haul carrier Emirates has successfully flown a Boeing 777 on a test flight with one engine entirely powered by so-called sustainable aviation fuel.
Shares in 888 fall as it removes CEO and suspends Middle East VIP accounts
Online betting firm finds best practices not followed in some areas, including anti-money laundering processesOnline betting group 888 has removed its chief executive and suspended VIP customer accounts in the Middle East amid an internal investigation…
Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts
Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banksBarclays and UBS are facing questions about their ties to Roman Abramovich after his secretive offshore trusts wer…
Dutch electronics giant Philips to cut 6,000 jobs worldwide
Dutch consumer electronics and medical equipment maker Philips says it is cutting 6,000 jobs worldwide over the next two years.
Will Europe’s ban on Russian diesel hike global fuel prices?
Europe is cutting more energy ties with Russia.
Thousands of offshore companies with UK property still not stating real owners
Imminent deadline to sign up to Companies House register aimed at flushing out secretive owners will be missed by many firmsThousands of offshore companies with UK properties are still not publicly declaring their ultimate owners because they are contr…
Bank of England poised to raise interest rates for 10th time in a row
Policymakers face balancing act between driving inflation down and risk of deepening economic slumpThe Bank of England is poised to raise interest rates for the 10th time in succession when its policymakers meet this week in a further squeeze on the fi…
UK homes cancelled 2m streaming services last year as cost of living soared
Small recovery at end of 2022 likely to be short-lived, with Netflix’s new ads package failing to reignite growthBritish households cut more than 2m subscriptions to services such as Netflix, Prime Video and Disney+ last year, as the cost of living cri…
Amazon is Selling Its 29-Acre Bay Area Property as Return to Office Stalls
Amazon is “selling a vacant Bay Area office complex purchased about 16 months ago,” reports Bloomberg, “the company’s latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees.”
Amazon in October 2021 paid…