Business – Page 2 – The Saturn Herald

Kwasi Kwarteng sacked as Chancellor after only six weeks, Jeremy Hunt new chancellor

Kwasi Kwarteng has been sacked after his disastrous mini-budget triggered market turmoil, despite a bailout of pension funds and rising mortgage rates, Downing Street confirmed. Prime Minister Liz Truss also signed off an array of unfunded tax cuts in the mini-budget last month, is intending to get Kwarteng to “carry the can” over her…

Trade deal with India?

Back in April 2022, former prime minister Boris Johnson said he wants a free trade deal with India by November. No other nation drinks as much whisky as India which should have Scotland’s world-famous industry celebrating, as each bottle of Scotch sold in India comes with a hefty price tag attached thanks to tariffs of…

GSK shares tumbled again

GSK shares continued to tumble despite the FSTE-listed drugs giant reporting “ truly exceptional trial results on a potential blockbuster vaccine”. GSK says its respiratory syncytial virus (RSV) vaccine candidate for people aged over 60 showed overall efficacy of 82.6 per cent with data from the late-stage clinical trial also revealing a 94.1 per cent…

EasyJet Bounces back

EasyJet after two covid affected years saw losses of over £1manbn in 2020 and 2021 and in 2022 will lose £190 million as the customers remain cautious. As it is heavily exposed to Pound, as many of its costs are denominated in dollars. But EasyJet says it has enjoyed a record bounceback from Covid lows…

The power AI: 300 workers got fired for Moonlighting

With the advent of Covid-19 which inspired working from home, as many as 300 Wipro employees’ were fired for moonlighting, as they took advantage of working from home and worked parallelly with another company. Digital India has the means to expose the culprits. Wipro’s motto is “everything starts with an ambition” but when this becomes…

Bank of England moves to calm the markets

Under pressure from its MPs, the government has been forced into a series of embarrassing U-turns since the mini-budgets, including climbing down on a plan to scrap the top rate of income tax. Experts believe that chancellor Kwasi Kwarteng will have to row back on more of his tax cuts or drastically cut public…

Coyote Ugly

Coyote Ugly is a 2000 American Musical based on the Coyote Ugly Saloon, directed by David McNally and produced by Jerry Bruckheimer and Chad Oman. The film is set in New York City and stars Piper Perabo, Adam Garcia, Maria Bello, Melanie Lynskey, John Goodman, Tura Banks, Izabella Miko, and Bridget Moynahan. The movie grossed…

Controversies that dogged McKinsey

New York Times, Investigative reporters Walt Bogdanich and Michael Forsythe, lift the lid of the “culture of secrecy” and shatter the luminous image of McKinsey & Co. the consulting giant, by unearthing conflicts of interest, corruption, hypocrisy, and strategic blunders that read like a prosecutor’s indictment. Vault.com, an employment site asserts that McKinsey with annual…

Liz Truss says the UK is doing more to protect people from the energy crisis than any country in Europe

Liz Truss says free democracies need strong economies and she will ”not allow the anti-growth coalition to hold us back. This is made up of Labour, the Lib Dems, the SNP, the militant unions, the vested interested dressed up as think talks, the talking heads, and the Brexit deniers. Extinction Rebellion and some of the…

KPMG fined $2m provisionally

KPMG and one of its former partners have been fined $2mn by Dubai’s financial regulator over the firm’s failure to follow international audit standards in its audit of Abraaj, the private equity group.