Netflix will reportedly launch a cheaper ad-supported tier for its streaming platform at the start of November as the company tries to stem the loss of more than 1 million subscribers in 2022. The company was initially planning to start offering the service in 2023, but Variety reported last week it had been bumped to […]
Half of UK SME’s have had an application for a loan rejected in the past year with one in ten owners remortgaging their homes to keep trading, new research suggests. A survey of UK business owners and managers found a 14 per cent increase in those saying they had been rejected for government loans since […]
Oxford University’s start-up incubator, opened by the Apple chief executive Tim Cook, has closed its doors to students after only five years and even though it received £3.2 million in launch funding. High-profile donors to the centre, called the Oxford Foundry, included Reid Hoffman, the LinkedIn founder, who gave £1 million, as well as Biz […]
The resilience of Britain’s technology infrastructure is under scrutiny because of fears of winter blackouts and the impact of the soaring cost of energy. Data centre operators have asked for short-term priority for energy use should electricity be restricted, to ensure that critical services, from banking to public services, can keep running. They will present […]
Jacob Rees-Mogg has accused civil servants of using flexible working to skive off as he demands an audit of the practice across Whitehall. In one of his last acts as government efficiencies minister before a new prime minister takes office, Rees-Mogg has warned departments against the “overuse” of flexi-time and called for detailed lists of […]
Article content CERNOBBIO — A buyout of Italian infrastructure group Atlantia by the Benetton family and U.S. fund Blackstone Inc could be completed by the end of the year, Atlantia’s chairman said on Sunday. The bidders proposed a 58 billion euro ($57.7 billion) offer in April to take the airport and motorway operator private but […]
Article content LONDON — Foreign minister Liz Truss is a “great believer” in the independence of the Bank of England and its responsibility to determine policy on inflation, she said on Sunday. Truss, favorite to be named leader of the governing Conservative Party and Britain’s next prime minister on Monday, had raised concerns in a […]
Breadcrumb Trail Links PMN Business German Chancellor Olaf Scholz’s coalition has sealed a relief plan worth about 40 billion euros ($40 billion) to help millions of households cope with soaring electricity prices amid Europe’s harshest energy crunch in decades, a person familiar with the matter said. Author of the article: Bloomberg News Birgit Jennen, Michael […]