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...Revolut is exploring plans to monetise customer data through sharing it with advertising partners, as the fintech seeks new sources of revenue while its application for a UK banking licence remains in limbo...
...JPMorgan, once the main contractor of Russian banks for opening correspondent accounts in US dollars, has been trying to leave since 2022....
...As an attempt to fill the void created by the absence of an official standard-setter on corporate climate change plans, the SBTi began as a collaboration between non-profit groups including the Carbon Disclosure...
...But relaxing export restrictions might not be enough, said Eguchi, echoing the warning by Japan’s biggest business lobby Keidanren last year that razor-thin profit margins threatened to trigger “a crisis...
...Tensions have also brewed between contractors over intellectual property....
...“Each incremental member has a different business impact” with the new subscription plans, Greg Peters, co-chief executive, said in a call with investors....
...But both projects have been hobbled by squabbling between the governments and infighting among contractors, leading some experts to question whether either will ever see the light of day....
...Nearly 800 workers employed by the airport are to walk out for seven days from May 7 in a dispute over plans to outsource some jobs to contractors....
...But the restoration of power-sharing and Donaldson’s leadership face at least two known threats....
...EVs are more expensive to make, with roughly 40 per cent of their cost made up by the battery, and most traditional carmakers still make the majority of their profits from cars with the older technology....
...Uber has reported its first annual operating profit, marking an “inflection point” in the tumultuous history of the ride-sharing company and sending its shares to fresh highs....
...Its move follows on the heels of German defence contractor Renk, which listed last month after delaying plans last year....
...The CMA added that it was also concerned about potential disruption to network sharing arrangements. Currently, BT and Three have one and Vodafone and Virgin Media O2 have another....
...Some private equity managers have taken steps to ensure that employees at companies they own can share in the profits, if the firm performs well....
...The move came as Serco forecast a revenue hit from UK government plans to reduce the number of asylum seekers accommodated in hotels....
...The Biden administration, whose treasury secretary Janet Yellen was a vocal proponent, has not been able to get the plan through Congress. Many Republicans are staunchly opposed....
...But the plan to build the first east London crossing of the Thames river in 60 years is yet to win final approval, and the estimated cost of the project has soared to nearly £9bn....
...Here’s more on the plan to arm Ukraine....
...Take a look at the difference between Uber’s operating profit of $1.1bn and net income of $1.9bn and it is also clear that something beyond rides and food delivery is helping push up profits....
...If the BoJ also signals a plan to reduce its bond purchases, that may also help to slow the yen’s decline....
...Babcock International is paying its first dividend in four years as the defence contractor reaps the benefits of a turnaround plan and higher military spending amid rising geopolitical tensions....
...The PLA is telling suppliers to increase production to make up for the erosion of profits caused by lower prices, the expert added....
...Its total investment is now planned to top $65bn, up from an earlier plan of $40bn....
...Uber revealed its plans to repurchase up to $7bn shares as part of a closely watched investor update that also outlined important details about its growth strategy and financial goals over the next three...
...Fast fashion, big profits Online fast-fashion group Shein has more than doubled its profits as it awaits regulatory approval from Beijing to go ahead with a blockbuster listing in New York or London....
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