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Reeves Says UK to Cut 10,000 Civil Service Jobs Ahead of Key Speech

Reeves Says UK to Cut 10,000 Civil Service Jobs Ahead of Key Speech

Posted by By newsportaltoday March 23, 2025
The UK government will aim to slash the number of civil servants by 10,000, Chancellor of the Exchequer Rachel Reeves said ahead of Wednesday’s key statement on the public finances.…
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America needs a jab in its corporate backside

America needs a jab in its corporate backside

Posted by By newsportaltoday March 22, 2025
When Schumpeter recently visited New York, it was at its springtime best. There were cherry blossoms in Central Park, birdsong in the bushes, and—to drown out any false sense of…
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Deutsche Bank Decides Against Calling One of Its AT1s Bonds

Deutsche Bank Decides Against Calling One of Its AT1s Bonds

Posted by By newsportaltoday March 21, 2025
(Bloomberg) -- Deutsche Bank AG is choosing to leave one of its Additional Tier 1 bonds outstanding, breaking with expectations for European banks to retire the debt at the first…
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Buyout Firm CVC Eyes US Private Credit in Expansion Drive

Buyout Firm CVC Eyes US Private Credit in Expansion Drive

Posted by By newsportaltoday March 20, 2025
CVC Capital Partners Plc has identified private credit in the US as an area for potential acquisitions, according to Chief Executive Officer Rob Lucas. There are “huge opportunities” for CVC…
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AI is moving out of the data Center. How Nvidia wants to keep its edge.

AI is moving out of the data Center. How Nvidia wants to keep its edge.

Posted by By newsportaltoday March 19, 2025
Major tech companies have been racing to build data centers, the facilities where AI models are trained and run globally—and where Nvidia’s AI chips dominate. But as AI technology rapidly…
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Elon Musk’s Starlink in India to offer 80-90 times faster speed than rivals Jio-SES and OneWeb: What can users expect?

Elon Musk’s Starlink in India to offer 80-90 times faster speed than rivals Jio-SES and OneWeb: What can users expect?

Posted by By newsportaltoday March 18, 2025
Billionaire Elon Musk's Starlink satellite could provide connectivity capabilities with a few terabytes per second of data across India. The necessary infrastructure has been built, and the company is waiting…
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