A cyber security firm, CrowdStrike, is facing a lawsuit from investors who claim to have been misled about the quality of its software after a pension fund claimed that the technology had not been properly tested, causing a massive computer outage. CrowdStrike has denied these allegations and vows to fight the lawsuit. It's trouble of …
Royal London's chief, Barry O'Dwyer, attacked UK ministers' plans for using pension funds to fuel economic growth. He said in an interview on BBC Radio 4's Today program that this approach will put at risk the first and core function of a pension—making sure to secure the retirement of people. O'Dwyer highlighted a "ticking timebomb" …
With the announcement that AXA Investment Managers is to be bought by BNP Paribas, 2,400 staff are left wondering if their jobs are safe. The acquisition is likely to create one of the most powerful asset management firms in the world but could see the loss of jobs and restructuring of staff. BNP Paribas will …
The U.S. economy generated a meager 114,000 jobs in July, well below consensus expectations. Investigators and economists alike are at high levels of concern over these dismal figures. Unemployment has risen to the highest since 2021 at 4.3 percent. With these disappointing job numbers, expectations are ratcheted up for an imminent cutting of interest rates …
It turned out to be a gloomy Friday for global stock markets due to rising fears of a possible US recession. Japan's main stock index, the Nikkei 225, was down 5.8 percent after a disappointing update from Intel sparked selling in technology shares across the board. Intel Fears and Effect on the Stock Market Intel …
In a bid to economize on energy and money, Morrisons is doing something a bit different. The UK's favorite supermarket chain is conducting experiments with its freezers by increasing the temperature by 3°C. This will mean the running of freezers at –15°C as opposed to the usual –18°C, which incidentally has been the benchmark temperature …
On Thursday, the fear of recession made its way to the heart of Wall Street as a mass sell-off is recorded. A combination of the cooling of the job market and slowing down in manufacturing has pushed the investors towards caution, joining the slowing interest rates, which were delayed to be reduced by the Federal …
On Thursday, fears of a probable recession sent Wall Street into a massive sell-off. There were concerns that the job market was cooling, the manufacturing sector slackening, and disinclination by the Federal Reserve to delay rate cuts. The Dow Jones fell nearly 500 points; major technology stocks plunged significantly. On Thursday, investors in the United …
The base rate has been cut by the Bank of England to 5% from 5.25%. Although this spells some relief to many businesses and borrowers, it is a rather limited move, leaving many to still face high borrowing costs. The Bank of England agreed a small but important reduction in UK interest rates by 0.25% …
Eoin Morgan believes Rob Key should at least sound out Brendon McCullum about the England white-ball head coach role in the wake of Matthew Mott standing down from the position after England failed to defend their limited-overs World Cups on his watch. With Mott stepping down from his role, interim head coach Marcus Trescothick will …
According to reports, RB Leipzig has rejected Barcelona's most recent bid for Dani Olmo, a Spanish player who remained keen on moving to the Catalan giants. It is reported by Sport that Barcelona presented a second bid in the sum of €50 million with an additional €15 million in add-ons for Olmo. While the club …
Fulham has made a second bid of around £20 million for Scott McTominay. Manchester United is ready to sell the midfielder, but they are demanding a fee in excess of £25 million to £30 million. Interest in the Scottish midfielder does not come from Fulham alone, with both Galatasaray and Fenerbahce monitoring proceedings. McTominay has …
Irrepressible Rihanna has become the star of a recent match of Manchester City, in which AC Milan participated in New York. The singer and cosmetics mogul sat courtside at Yankee Stadium on July 27 in support of her latest Fenty collaboration with Puma. In between cheering for both teams, she took some time to take …
An unbeaten 78 off 46 balls from Hayley Matthews propelled Welsh Fire to an astonishing victory against London Spirit. The victory today for Welsh Fire is its highest-ever chase in The Hundred and it ends London Spirit's unbeaten run this season. For the Welsh Fire, Matthews powered them to a total that hitherto remains her …
