IWG revealed its system-wide revenue grew 22.3% to £1.3 billion in the first half of the year, up from £1 billion a year earlier. Underlying earnings increased significantly to total £122.9 million, up from £5.4 million in 2021 when Covid-19 restrictions saw offices close their doors during the first few months of the year. In […]
According to CNBC, Google employees expressed concern about the wave of redundancies that has been sweeping through the tech industry in recent months after their CEO warned that productivity was slipping at the company. At a Wednesday meeting, Google's CEO reportedly told employees: "There are real concerns that our productivity as a whole is not […]
Nobu Hotels has opened its first property in Greece on the island of Santorini. Elevated on a cliff top in the town of Imerovigli, the 25-room property offers guests the perfect opportunity to relax while taking in the breathtaking views of the incredible coastline. The 25-room property comprises five villas and five suites. The villas […]
A new study from Forex has revealed there is a significant gender divide within the cryptocurrency industry, with women, on average, making up just 21.6% of senior staff at the top companies. Furthermore, research from Crunchbase shows that just 9% of all funds deployed to tech start-ups were directed to founding teams that included at […]
Pininfarina has announced that its Battista electric sports car has entered series production at its atelier in the Piedmont region of Italy. The uber-sleek vehicle, which costs £1.7 million, is being produced in a dedicated 7,546-square-foot space located at the company’s Cambiano headquarters. A team of 10 craftspeople will build each Battista, with each EV […]
In recent years, substantial unemployment rates in Zimbabwe have seen many migrate to other nations, including the UK, to work and send funds back to relatives in the country. Last year, the result of this was $1.4 billion in diaspora remittances to Zimbabwe and an economy that operates very differently from many around the globe, […]
The Annual Leave Allowances survey, from Just Eat for Business, has discovered that 1 in 5 of the UK’s employees is being discouraged from taking time off of work due to staff shortages. The survey found that many employees are having their requests for leave denied. The findings by the Annual Leave Allowances survey follow […]
Billionaire Microsoft co-founder Bill Gates plans to give away almost all of his fortune to his foundation — the Bill & Melinda Gates Foundation — which will eventually see him removed from the list of the world’s wealthiest people. Gates launched the foundation in 2000 alongside his then-wife, Melinda French Gates. It aims to fight […]
Luxury carmaker Aston Martin Lagonda has received a large investment from Saudi Arabia as it raises £650 million of capital to pay down its debt, which is currently costing it £130 million a year in interest. However, despite the large sum, Aston Martin has not been successful in raising the cash required to invest in […]
Burberry revealed that first-quarter sales dipped 35% in the country which is a vital market for its clothing. Prior to the pandemic, approximately one-third of the global luxury industry was reliant on Chinese spending, both at home and aboard as tourists. Excluding China, Burberry’s sales were up 16% globally, but when included, sales only rose […]
Beverage giant Diageo has been making use of Vivanda, an artificial intelligence (AI) tool that could soon be recommending your next bottle of whisky. Diageo has been using Vivanda’s technology since 2019 in numerous markets, including the “Journey of Flavour” experience at Johnnie Walker Princes Street in Edinburgh. Vivanda is the foundation behind the “What’s […]
Google chief Sundar Pichai has reportedly informed employees that the tech giant will be “slowing down the pace of hiring for the rest of the year” amid an “uncertain global economic outlook”. This is according to an internal memo first reported on by Insider. Pichai said that Google won’t be freezing its hiring completely and […]
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