Metro Bank has revealed plans to cut 20% of its workforce and slash its business hours commitments as part of efforts to save it from collapse. The struggling challenger lender, which announced a £30m cost-cutting plan last month, said it was going further amid wider efforts to shore up its balance sheet. The bank has
Elon Musk said Wednesday that he won’t vote for President Joe Biden in the 2024 election, even if former president Donald Trump is the Republican nominee. “I would not vote for Biden,” Musk said during a wide-ranging interview with Andrew Ross Sorkin at the DealBook Summit in New York. “I’m not saying I’d vote for Trump.”
The UAW has launched an unprecedented campaign to unionize the entire US auto sector at once, with thousands of auto workers at 13 companies announcing simultaneous unionization campaigns. After UAW’s big strike win, winning 25%+ pay increases at the “Big Three” American automakers after a simultaneous strike at GM, Ford and Stellantis, the union is
Tesla and SpaceX’s CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023.  Kirsty Wigglesworth | Reuters Speaking at the 2023 DealBook Summit in New York on Wednesday, Elon Musk, the owner of social media site X (formerly Twitter), scoffed at advertisers boycotting the platform
Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Images The influential Organization of Petroleum Exporting Countries and its allies, collectively known as OPEC+, convene to decide next production policy steps on Thursday, in a postponed virtual meeting overshadowed by conflict in the Middle East, internal disgruntlement and the
Nottingham City Council has declared itself effectively bankrupt after issuing a section 114 notice. The Labour-run local authority confirmed the announcement on Wednesday, saying its chief financial officer had decided it “isn’t able to deliver a balanced budget for this year, which is a legal requirement”. As a result of the section 114 notice, all
Elon Musk has been accused of promoting a long-debunked conspiracy theory which alleged high-profile Democrats ran a paedophile abuse ring from a Washington pizza restaurant. The billionaire posted and later deleted a meme referencing “Pizzagate” on X on Tuesday, NBC News reports. It was an image from TV show The Office, with fake dialogue superimposed