Rise in employer national insurance is threat to jobs and pay rises, firms warn | Economics
UK employers have warned that a rise in employer national insurance contributions in the Budget could hit jobs, limit pay rises and hit businesses such as pubs, hotels and restaurants. Keir Starmer and Chancellor Rachel Reeves will introduce employer contributions in their Budget on October 30, as part of plans to plug what the government […]
Green energy firms promise more than £24bn of new investment in Britain | Energy industry
Leaders of the world's biggest green energy companies have pledged more than £24bn of new private investment across the UK ahead of a meeting with the Prime Minister on Friday. Keir Starmer will meet green energy chiefs on the sidelines of the first national and regional councils in Edinburgh, days before the government's international investment […]
Private firms ran almost all care homes forced to shut for breaches in England | Social care
Almost all care homes that close because they put children and vulnerable adults at risk turn a profit, according to a landmark study examining the long-term effects of outsourcing care to the private sector. It was revealed that it was run for the purpose of Research results published last week A University of Oxford study […]
House panel probes Labor Department’s leak of revised jobs data to Wall Street firms
A Republican-led House committee is seeking an explanation from the Labor Department over how the federal agency leaked revised employment data to several Wall Street firms last month before it was released to the public, The Washington Post has learned. The House Education and Labor Committee, chaired by Rep. Virginia Foxx (R-N.C.), sent a letter […]
Black political firms ‘frustrated’ Harris campaign isn’t investing in minority businesses: ‘Pretty insulting’
Black Democratic activists have reportedly accused the Harris campaign of shunning minority-owned political organizations in favor of white-owned ones. The Allbritton Institute for Journalism's NOTUS reported on a call between Vice President Kamala Harris' presidential campaign and NAACP President Derrick Johnson, in which Johnson and others were frustrated with the campaign's progress on spending plans, […]
Chinese Spies Lurked for Months Inside U.S.-Based Engineering Firm’s Network
John Dwyer, research director at cybersecurity firm Binary Defense, said in an interview on Wednesday that Chinese government-backed hackers infiltrated the network of a U.S.-based global engineering company and remained hidden for months before being discovered. In an interview with The Register, Dwyer declined to name the engineering firm that was targeted or the Chinese […]
Big tech firms balk at Ohio electric utility demand to pay for grid upgrades
Google, Amazon, Microsoft and Meta have banded together to fight Ohio's power company, which is demanding it pay for power grid upgrades needed to support big tech companies' plans to install energy-hungry data centers to power artificial intelligence technology. American Electric Power Ohio, which supplies electricity to Columbus and other cities as well as rural […]
Firms jostle to sell alternative assets to wealthy investors – Financial Times
The race is on to sell unlisted assets to wealthy private investors. Leading custody bank BNY on Monday announced plans for a platform that will make it easier for financial advisers to buy and manage investments across a range of well-known private equity, private debt and infrastructure companies for their clients. This follows three highly […]
Kamala Harris still touts Goldman Sachs review of her economic plan that firm’s CEO dismissed
WILKES-BARRE, Pa. — Vice President Kamala Harris on Friday hyped up Goldman Sachs' review of her economic plan after the firm's CEO noted the report showed VP Harris' policies would have a minimal impact on the economy. “Independent economists like Goldman Sachs say my plan will grow the economy and [former President Donald Trump’s] “This […]
Google exec said firm’s ‘goal’ was to ‘crush’ digital ad rivals: court docs
Google executives bragged to colleagues in 2009 that the goal of the company's nascent online advertising business was to “outcompete” rivals in the digital advertising market, according to evidence presented Wednesday in a major federal antitrust trial against the tech giant. The Justice Department highlighted comments made by Google's former president of display advertising, David […]