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Ten construction firms fined total £60m for ‘illegally colluding’ on contract bids
The 10 builders have been jointly fined £60m by the competition regulator for "unlawfully colluding" to rig bids for lucrative contracts for projects including Bow Street Magistrates Court and Selfridges department store.
The…
UK Economy 4% Smaller Because of Brexit, OBR’s Hughes Says
breadcrumb links PMN Business The head of the Office for Budget Responsibility told the BBC that leaving the EU would have had an impact on the UK economy equivalent to the coronavirus pandemic and would likely lead to a…
Recruiters bear the brunt of Israel’s tech crisis
The technology crisis has led to thousands of employees losing their jobs in Israeli companies in Israel and abroad. The biggest victims are not the tech staff themselves — experienced programmers and engineers — but…
Lebanon wakes up in two time zones as clock change row deepens divisions By Reuters
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© Reuters. A woman walks near a clock tower indicating the time in Jdeideh, Lebanon on March 26, 2023. REUTERS/Mohammed Azakir
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By Timour Azhari and Maya Gebeily BEIRUT (Reuters) - Lebanon woke up in two time zones on Sunday as…
Fed’s Preferred Inflation Gauge Seen Staying Elevated
(Bloomberg) -- Perhaps the Fed's preferred measure of underlying rate pressures remained elevated in February, keeping officials in a precarious place as they seek to balance an anti-inflationary solution with stress on the banking…
Why does Warren Buffett love Apple and hardware tech? One analyst may have the answer
Eric Francis It's no secret that in the past, Warren Buffett and Berkshire Hathaway (BRK.A) (New York Stock Exchange: BRK.B) Avoid investing in technology stocks. But in recent history, this slogan has changed, as the group has made…
Wine growers fear funding will wither after fall of Silicon Valley Bank
As venture capitalists and tech founders exchanged frenzied WhatsApp messages that fueled a historic rally on a Silicon Valley bank on March 9, the lender's other important clients were toiling in the dirt, oblivious to what was…
Investors brace for week of turmoil amid banking woes, interest rate hikes: ‘Things break when…
Global financial markets are preparing for another turbulent week, as traders close A Amazing month Cascading concerns about US and European lenders dominated sentiment and complicated central banks' fight against inflation.
FX markets…
State close to approve Kenya Airways restructure plan
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The country is about to approve Kenya Airways' restructuring plan
Friday, March 24, 2023
Kenya Airways CEO Allan Kilafuka. file image | Diana Ngella | NMG
The Kenya Airways CEO told Reuters that the Kenyan government…
Business Champion Award winners 2023 announced
A glittering night of celebration for the 140 finalists in the UK for the Business Champion Awards.
Over 300 guests filled East Wintergardens in London's Canary Wharf and again hosted by the nation's favorite broadcaster, Huw Edward's,…
