Standard Chartered to cut 7,000 jobs by 2030
Standard Chartered announces 7,000 job cuts by 2030, replacing roles with AI and automation to boost efficiency and returns.
Category : Business
Standard Chartered to Cut 7,000+ Jobs by 2030 Using AI
Standard Chartered plans to cut 7,800 back-office jobs by 2030, citing AI adoption. The bank aims to boost profitability and streamline operations.
Gunman Kills Two, Injures Four Including Baby at Resort
A shooting near a Spanish coastal resort killed two and injured four, including a seven-month-old baby and an 18-month-old toddler. The gunman is believed to be related to the victims.
Russia-Belarus Nuclear Drills with 64,000 Troops
Russia and Belarus have begun joint nuclear weapon exercises involving 64,000 personnel near NATO borders, raising concerns in Ukraine and the West.
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Moelis Hires Lazard's Knott for London Chemicals
Moelis & Company has recruited Lazard's Michael Knott to strengthen its chemicals advisory practice in London, enhancing its M&A capabilities in the sector.
Eurohike Sendero 4 Pink Festival Tent: Top Deal
Get the Eurohike Sendero 4 Pink Festival Tent at a great price. Perfect for festivals, camping, and outdoor events. Spacious, durable, and easy to set up.
Dunelm's £349 Rattan Garden Dining Set Is a Summer Hit
Dunelm's Malta Rattan Effect Round Four Seating Dining Set at £349 includes four UV-resistant chairs and a glass-topped table, perfect for al fresco dining. Shoppers rave about its comfort and style.
HS2 Cost and Timeline to Be Revealed by Transport Secretary
Heidi Alexander will set out HS2's budget and timeline, with trains potentially running slower to cut costs, as the government aims to keep the project under £100bn.
NextEra to Buy Dominion in $67B Utility Mega-Merger
NextEra Energy acquires Dominion Energy in a $67 billion all-stock deal, creating the largest regulated US utility serving 10 million customers amid surging AI-driven power demand.
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Whitbread’s Slow Reset Faces Hedge Fund Fury Over Sale Demand
Whitbread's five-year plan disappoints markets; Corvex Management demands a sale process for the £3.9bn Premier Inn owner, criticizing slow returns and urging suspension of key strategy features.
Why Local Hardware Stores Struggle Against Chains
Readers share their experiences with local hardware stores, highlighting the challenges of competing with chain stores and the unique services they once provided.
Halifax Could Disappear from UK High Streets as Lloyds Reviews Brands
Lloyds Banking Group is considering axing Halifax as a standalone brand, potentially phasing it out from July 1. Customers may be transferred to Lloyds, but no decision has been made yet.
Pope Leo to Issue Encyclical on Human Dignity and AI
Pope Leo will release his first encyclical on AI and human dignity, co-presented with Anthropic's Christopher Olah, addressing workers' rights and warfare ethics.
Ebola Spread and Containment: Expert Insights
Nearly 400 Ebola cases and over 100 deaths in DRC and Uganda. Epidemiologist Daniela Manno explains spread, containment, and concerns.
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Trump Expands TrumpRx Drug Website with 600+ Generics
Donald Trump announces major expansion of TrumpRx, adding over 600 generic drugs. Experts question if the discount program truly helps patients amid complexity.
Altman's Win Over Musk Clears Path for OpenAI's Trillion-Dollar Plans
A jury ruled in favor of Sam Altman and OpenAI in their legal battle with Elon Musk, clearing the way for the AI firm's for-profit conversion and potential $1 trillion IPO.
Japan Naphtha Shortage Sparks Public Concern
Japan is gripped by fears of a naphtha shortage due to the Strait of Hormuz blockade, causing inflation and supply chain disruptions across industries.
Russian Drone Hits Chinese Ship Near Odesa, Ukraine Says
Ukraine reports Russian drone hit Chinese-owned cargo ship Ksl Deyang en route to Odesa. Kyiv condemns Belarus nuclear drills, while Estonia says Putin has few good options.
Chinese Border Town Thrives on Russian Trade Amid Sanctions
Suifenhe, a Chinese border town, sees booming car exports and Russian tourism since the Ukraine war, with local businesses profiting despite Western sanctions.
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US Extends Russian Oil Waiver Amid Supply Fears
The US extends a 30-day waiver allowing purchases of Russian seaborne oil to aid energy-vulnerable countries, despite criticism from Democratic senators who call it an 'indefensible gift' to Putin.
Belfast Harbour Plans £1.3bn Expansion
Belfast Harbour Commissioners announce a £1.3bn investment over 25 years to upgrade port facilities, including offshore wind, quays, and cruise terminals, amid Northern Ireland's economic growth.
Ninja Foodi Max XXL Dual Air Fryer Price Drop
The Ninja Foodi Max XXL Dual Air Fryer is now available at a huge discount, making it more affordable for households looking to upgrade their cooking.
Euston hit by strike and Avanti West Coast service cuts
Passengers at Euston face double disruption: London Northwestern Railway strike on May 22-23 and Avanti West Coast cuts from July 20. One in seven services axed.
StanChart Targets AI-Driven Back-Office Job Cuts
Standard Chartered is set to cut thousands of back-office roles as it ramps up investment in artificial intelligence, aiming to boost efficiency and reduce costs.
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Rothschild Hires UBS's Hall for Investor Advisory
Rothschild & Co has appointed UBS's James Hall as a managing director to bolster its investor advisory business, signaling a strategic expansion in the competitive financial advisory market.
TCI Targets New Exchange Years After LSE Drama
TCI, led by Chris Hohn, is making a new exchange bet years after the LSE drama, signaling a strategic shift in investment focus.
Deloitte UK Moves Juniors to AI Audits
Deloitte UK aims to move hundreds of junior employees into AI-driven audit roles, reshaping the profession with new technology.
Simba Father's Day Gifts: Slippers, Robes, Mattresses
Discover the best Simba Father's Day gifts, from cozy slippers and robes to premium mattresses. Perfect for dads who value comfort and quality sleep.
Ninja Woodfire Outdoor Oven Deal: Pizza, BBQ, Smoker
Save £80 on the Ninja Woodfire Outdoor Oven, a versatile 7-in-1 pizza maker, BBQ, and smoker. Perfect for outdoor cooking enthusiasts.
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MS Beauty Bag: Clinique & Estée Lauder Over 80% Off
Get a beauty bag filled with full-size Clinique, Estée Lauder, and other iconic brands for over 80% off. Limited stock available.
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