Category: Business

US health tech firm announces redundancies in Ireland Merative, a US-based health technology company, has announced that it will cut around 100 jobs in Ireland as part of its cost reduction efforts. The company, which was formerly known as IBM Watson Health, employs about 400 people in Dublin. The layoffs will affect around 25% of its current staff, mainly in the technology department. The company informed the Department of Enterprise…

The Covid-19 pandemic has disrupted the way businesses operate and interact with their customers, employees and stakeholders. The crisis has also highlighted the need for a more human-centric approach to business, one that prioritizes empathy, well-being, collaboration and innovation. But how can entrepreneurs and leaders adopt a human-centric mindset and culture in their organizations? What are the benefits and challenges of putting people first in a rapidly changing and uncertain…

A business owner from Rugby has been recognised for his excellence and innovation in providing legal services to the conveyancing sector. Andy Hunt, who runs X-Press Legal Services in Leicester, Warwickshire and Worcestershire, won two awards at the company’s annual conference held at the Peckforton Castle in Cheshire. Franchisee of the Year and Business Development Award Andy Hunt was named Franchisee of the Year and the Business Development Award at…

Self-care is not a luxury, but a necessity for small business owners and entrepreneurs who face many challenges and stressors in their daily lives. However, many of them neglect their own wellbeing and focus on the hustle and grind of their work. This can lead to burnout, health issues, and reduced productivity and creativity. The importance of self-care for small business owners Self-care is the practice of taking care of…

Delivery Hero, the Berlin-based owner of online food and grocery delivery company foodpanda, is reportedly discussing a potential sale of its Asia business. The deal is reportedly still under negotiation but it was reported that tech platform Grab could pay the equivalent of as much as a billion euros for the unit. Why Delivery Hero wants to sell its Asian business Delivery Hero has been focusing on reaching profitability while…

The European Union’s banking watchdog has urged banks to strengthen their defences against potential crises, following the recent collapses of Silicon Valley Bank and Credit Suisse. The Single Resolution Board (SRB) said that most leading euro zone banks have met a key requirement for issuing special debt that can be written down in a crisis, but some still need to do more to ensure they can be wound up quickly…

Brent crude reaches $95 per barrel amid supply concerns The price of oil has risen to its highest level since November 2022, as worries about a supply deficit persist. Brent crude, the international benchmark, climbed over $95 per barrel on Tuesday morning, up 1.6% from the previous day. The surge in oil prices was driven by the decision of Saudi Arabia and Russia, the world’s two largest oil producers, to…

What is the news? Shares of public sector banks (PSUs) rallied on Monday, outperforming the broader market and the private banking sector, on the back of reports that Indian government bonds are likely to be included in global bond indices soon. This could boost the demand for Indian debt and lower the borrowing costs for the government and PSUs. The Nifty PSU Bank index, which tracks the performance of 12…

Inflation remains high despite policy tightening The Bank for International Settlements (BIS), the central bank of central banks, has warned that inflation remains a serious threat to the global economy, despite the most intensive monetary policy tightening in recent memory. In its flagship economic report, the BIS said that inflation has started to subside from multi-decade highs almost everywhere, but the work of central banks is far from done. The…

Societe Generale, France’s third-largest listed bank, unveiled its new strategy plans on Monday, but failed to impress investors who were expecting more radical changes. The bank’s shares plunged by about 12% as its newly appointed CEO Slawomir Krupa announced modest revenue growth targets and a cautious outlook for the European banking sector. SocGen faces a challenging environment SocGen, which has been hit by the COVID-19 pandemic, low interest rates, and…