‘Exploitative’ children’s home firm profits to be curbed
Getty ImagesPlans aimed at preventing companies that run children's homes in England from making excessive profits will be set out by the government on Monday.It…
Power Shifts Toward UK Workers After Wage Squeeze on Profits
Breadcrumb Trail LinksPMN BusinessBritish workers are getting a bigger slice of the economic pie than before the pandemic, signaling a shift in the balance of…
COP 29: Developed economies must learn to prioritise lives over profits | Climate
The flash floods that overwhelmed Spain’s eastern Valencia region two weeks ago were the deadliest natural disaster in the country’s living memory. The Spanish government…
Taylor Swift helps Heathrow's profits soar as airport sees record-breaking numbers
Heathrow Airport has announced record-breaking numbers of passengers travelling through the airport largely due to the UK summer of big events including musicians such as…
US plan to break up Google’s search dominance will hit profits | Technology News
Some experts said the broad remedies suggested by the DOJ will not survive the appeals process.The United States Department of Justice’s proposed remedies to break…
Oil Refiners Get Back to Reality as New Plants Erode Big Profits
Breadcrumb Trail LinksPMN BusinessA golden period of profits for oil processors is fading as a new generation of mega refineries comes online and China’s powerhouse…
EU gives $1.6 billion in profits from frozen Russian assets to Ukraine
The European Union Friday transferred $1.6 billion in profits from frozen Russian Central Bank assets to Ukraine. EU Commission President Ursula von der Leyen declared…
Brakes on Porsche profit outlook due to alloy supply shortage
Shares in Porsche fell nearly 5% on Tuesday morning after the German sports car maker cut its sales and profitability outlook for 2024. ADVERTISEMENTPorsche AG…
Insurers hike rates as extreme storms like Beryl proliferate, bringing forecasts for fatter profits
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated PressDamian J. TroisePublished Jul 11, 2024 • 2 minute read You can save this article by registering…
'Tourists go home' protest Spanish island restaurants report plunging profits
Residents have taken to the streets and held demonstrations on beaches calling for a cap on holidaymakers to Majorca Source link
China’s Hog Farmers Enjoy Surge in Profits But Demand Is Still a Problem
Breadcrumb Trail LinksPMN BusinessChina’s hog farmers may have turned a corner after a surge in profits last month, but a sustained improvement in the industry’s…
Spotify raises prices on premium plans to boost profits
Spotify, the world’s largest music streaming subscription company, is raising its prices again for U.S. premium accounts. The price of ad-free individual plans is going…
‘New ground is being broken’: EU seizes Russian profits for Ukraine | Russia-Ukraine war News
A landmark EU decision this week to send Ukraine the interest earned by hundreds of billions of dollars in Russian central bank accounts on its territory…
Ivorian cocoa farmers ‘barely survive’ while chocolate company profits soar | Agriculture
Aboude, Ivory Coast – It’s 11am in Aboude, a village in southern Ivory Coast, and Magne Akoua has already been working on his cacao farm…
Nvidia’s profits soar as AI boom shows no sign of slowing down | Technology
California-based company reports seven-fold jump in profit to $14.88bn in first quarter. Nvidia, the chipmaker at the centre of the boom in artificial intelligence (AI),…
Munich Re stock rises as company cheers investors with latest earnings
A stronger operational performance and less major-loss expenses than previously thought contributed to Munich Re's latest financial results. ADVERTISEMENTShares in German reinsurance giant Munich Re…
BP’s billion-dollar share buyback plan stays despite net profits fall
BP's net profit for the first quarter saw a further decline owing to weakened oil and gas prices. Despite this, the oil giant has reaffirmed…
Profits at Lloyds fall after bank squeezed to increase rates for savings accounts customers
PROFITS at Lloyds have fallen by more than a quarter after the bank faced more pressure to increase rates for savings accounts customers. Britain’s biggest…
Tesco says price pressures easing as profits soar
The UK's biggest supermarket chain made annual pre-tax profits of nearly £2.3bn up from £882m. Source link
Profits from forced labour at nearly one-quarter of a trillion dollars: ILO | Human Rights News
Sexual exploitation accounts for nearly three-quarters of ‘obscene’ illegal profits from forced labour, says UN agency. Criminals are reaping “obscene” profits of nearly one-quarter of…