Category: Business

HSBC declares 35,000 job cuts as profits sink

HSBC has announced that it will cut 35,000 jobs over the next three years owning to a widespread renovation. According to reports, the bank is targeting $4.5bn (£3.5bn) of cost cuts by 2022, while withholding $100bn (£70bn) of assets. The details of the spending cuts were revealed by Noel Quinn, the current serving interim chief

Nestlé withdraws production of lower-sugar Milkybar Wowsomes

In the latest announcement Nestlé has announced to withdraw the production of its lower-sugar chocolate bar- Milkybar Wowsomes, a product launched in the UK and Ireland in 2018. The alleged reason stated by the Swiss food giant for the discontinuation has been “underwhelming” demand. According to reports the bars used “hollow” sugar crystals, a result

Elon Musk’s mind-reading technology could be about to take a big leap forward

The fantasies of the individuals who need to associate their cerebrums to PCs could be going to make another stride towards the real world, as Elon Musk took to Twitter to prod a “marvelous” update around his neural interface fire up Neuralink. Remarking on the discoveries of examination firm ARK, which positioned profound learning as

KPMG report underlines rise in number of UK companies entering administration

Based on a latest report published by accountancy firm KPMG, the number of firms across England and Wales, getting into administration rose by 5% to more than 1400 last year. The report further suggests that Brexit uncertainty and the economic turmoil which followed in particular affected the building and construction industry, in addition to property