Tufan Erginbilgiç didn’t quite catch the bottom for Rolls-Royce’s share price when he joined as chief executive at the start of 2023, but he came close. The reference price for his £7.5m-worth of “golden hello” shares – the cost of extracting him from the world of private equity – was 91p. The engine-maker’s share price…
Social media platforms may soon be able to tell if children under 16 are attempting to use their iPhone apps, as Apple brings in new technology that could play a role in enforcing Australia’s social media ban. Later this year, Apple plans to introduce a declared age range API (application programming interface) on iOS for…
One of the unacknowledged advantages of the horrendous era we’ve entered is that it is revealing for all to see the putrid connections between great wealth and great power. Oligarchs are fully exposed and they are defiant. It’s like hitting the “reveal codes” key on older computers that let you see everything. On Wednesday, Jeff…
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty Images The Consumer Financial Protection Bureau‘s new leadership on Thursday dismissed at least four enforcement lawsuits…
Offshore windfarms are to be painted black in an effort to reduce the number of birds that die after flying into them. The Department for Environment, Food and Rural Affairs has launched a four-year trial to paint the wind turbines after officials raised concerns that the government’s plan to increase turbine numbers in the North…
The Trump administration has terminated its funding of the joint United Nations program on HIV/Aids, known as UNAids, delivering another devastating blow to the global fight against the disease. The notice that US funding of UNAids is being cut off is the latest move by the administration to end American involvement in life-saving health and…
The Paramount Global headquarters in New York on Aug. 27, 2024. Yuki Iwamura | Bloomberg | Getty Images Paramount Global told its employees this week that it’s ending numerous diversity, equity and inclusion policies, according to a memo obtained by CNBC. In the memo sent to employees Wednesday, Paramount said it would comply with President…
Donald Trump’s threatened 25% tariffs on EU imports could trigger “economic turmoil”, sharply push down growth and send inflation soaring, according to a German thinktank. The Kiel Institute said the US president’s promise on Wednesday that he would impose the levies “very soon” was a profound moment in the postwar relationship between Washington and Brussels…
Donald Trump has threatened China with an additional 10% tariff on its exports to the US, setting the stage for another significant escalation in his trade war with Beijing. The US president also claimed that he plans to impose tariffs on Canada and Mexico starting next Tuesday, having delayed their imposition last month following talks…
Jakub Porzycki | Nurphoto | Getty Images Snowflake shares popped more than 8% Thursday after the data analytics software company posted stronger-than-expected fourth-quarter results. The company reported adjusted earnings of 30 cents per share on $987 million in revenue, surpassing the 17 cents per share and $956 million in sales expected by analysts polled by…
