Davos to host leaders, CEOs amid weighty global issues
The Swiss town of Davos will host 52 heads of state and government and nearly 600 CEOs as the World Economic Forum hosts its annual meeting in the Alps next week.
Business
Global economy risks second recession within three years, warns World Bank
Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and warAny fresh setback to a global economy already rapidly weakening as a result of high inflation, interest rates and war could result in a second rec…
Coinbase To Cut 20% Jobs, Abandon ‘Several’ Projects To Weather Downturns in Crypto Market
Coinbase plans to cut 950 jobs, or about 20% of its workforce, and shut down “several” projects as the U.S. crypto exchange giant looks to reduce its expenses to increase its “chances of doing well in every scenario.” From a report: This is the second …
Bed Bath & Beyond 3Q results miss Street as sales slide 33%
Bed Bath & Beyond’s fiscal third-quarter sales fell 33% as the home goods company works on striking the right balance with its shoppers.
Cut in energy support to firms ‘threatens UK decarbonisation’
Cornwall Insight warns reduction in support could curb businesses’ ability to invest in reducing fossil fuel emissionsThe reduction in government support for companies’ energy bills could threaten their efforts to reduce fossil fuel emissions, a leadi…
Europe has avoided energy collapse. But is the crisis over?
Warm weather is helping Europe keep the lights and heat on this winter despite Russia cutting off most of its natural gas supply to the continent.
Millennial Money: 5 tactics to pay buy now, pay later debt
After the holiday season, those “buy now, pay later” bills will come due.
Average price for UK litre of petrol below 150p for first time since war in Ukraine
Russia’s invasion of Ukraine pushed up wholesale prices of gas and oilThe average UK price for a litre of petrol has fallen below 150p for the first time since the outbreak of war in Ukraine.The AA said that a litre of petrol typically cost 149.74p on …
Amazon to shut three UK warehouses, putting 1,300 jobs at risk
Doncaster, Hemel Hempstead and Gourock sites to close as well as seven delivery sites, as retailer prepares two new facilities Amazon has announced plans to shut three of its 30-plus UK warehouses and seven small delivery sites, affecting more than 1,…
Small businesses to tackle long list of challenges in 2023
Small businesses face a mix of old and new challenges as 2023 begins.