Over 3,000 employees at 60 UK companies will trial a four-day working week, in what is considered to be the largest pilot scheme of its kind. The scheme will run from June to December and will involve employees from a diverse range of businesses and charitable organisations, including the Royal Society of Biology, a Manchester-based […]
Confidence among UK business leaders collapsed in March as Russia’s attack on Ukraine continued and rising costs and soaring inflation weighed heavily. This is according to a survey conducted by the Institute of Directors (IoD). The IoD found that over half (53%) of business leaders say that spiralling energy costs are exerting a negative impact […]
Auction house Bonhams will offer the Duke’s 1956 Albatross MkII Super Sports Runabout at the Goodwood Members Meeting Sale, which is set to take place on April 10 at the Goodwood Motor Circuit. According to Bonhams, the motorboat is unrestored but in “good condition”, still with its original Ford 100E engine. The boat is one […]
Tesla and SpaceX CEO Elon Musk has said he is giving “serious thought” to building a social media platform. However, the billionaire didn’t go into detail on how his hypothetical social media platform would work or how it would look. Musk’s remark came after he claimed that Twitter, a social media platform that he uses […]
Shapps will warn P&O CEO Peter Hebblethwaite that new legislation will require all ferry companies operating from ports to pay their staff at least the minimum wage. Speaking to the Financial Times, an aide said that Shapps “will tell Hebblethwaite that if he doesn’t perform a U-turn, we will force him to do it anyway”. […]
Billionaire philanthropist MacKenzie Scott, who was formerly married to Amazon founder Jeff Bezos, has donated $3.8 billion to 465 charities since June. She has chosen organisations that she believes “support the needs of underrepresented people from groups of all kinds.” In a Medium post, Scott said her donations are intended to support all types of […]
“We applaud the efforts the Chancellor has made to help out those most in need. But we are disappointed that the wider Government has done little or nothing within its powers to increase the underlying supply of goods, energy and skilled workers,” Next said. “It is important to recognise that Government interventions to ‘pay for’ […]
Italian jewellery maker Bulgari is marking the 10th anniversary of its Octo collection with an extraordinary world record. Its latest watch, the Octo Finissimo Ultra, is the thinnest mechanical watch ever created— the eighth occasion on which the luxury brand has set a record for thinness. Three years of research and development were required by […]
On Tuesday, Haun Ventures, founded by former federal prosecutor turned crypto investor Katie Haun, announced a $500 million early-stage fund. The firm also announced an additional $1 billion for more mature startups which will focus on Web3. Haun Ventures’ launch comes at a challenging time for the crypto industry. Following an all-time high for Bitcoin […]
Axios’ report states that China now has a total of 1,133 billionaires, a figure which is growing approximately three times faster than the US’ billionaire population. Presently, the US had 716 billionaires. The three cities with the largest billionaire populations are now all in China, with Shenzhen recently bumping New York City from third place. […]
On Monday, Berkshire Hathaway announced it had agreed to purchase insurance company Alleghany for $11.6 billion in cash. The company said the deal, expected to close in the fourth quarter of this year, represents “a multiple of 1.26 times Alleghany’s book value at December 31, 2021” in addition to a 16% premium to Alleghany’s average […]
CEO Today Online and CEO Today magazine are dedicated to providing CEOs and C-level executives with the latest corporate developments, business news and technological innovations.
