Shares in UK-based chip designer Arm Holdings have soared after the firm made its Nasdaq debut on Thursday. The firm’s stock opened at $56.1 (£45.2) per share – 10% above the initial public offering (IPO) price of $51 (£41). Arm, which is still 90.6% owned by Japan’s SoftBank Group, had earlier secured a valuation of
The John Lewis Partnership (JLP) has revealed its transformation plan will take two more years to complete than expected, while revealing a fall in losses over the first half of its financial year. The employee-owned company, in which staff are known as partners, said that a combination of higher costs due to inflation and a
Labour has confirmed it would seek to negotiate a returns agreement for migrants with the EU if it wins power, as it accused the government of having “lost control of our borders”. Shadow Cabinet Office minister Nick Thomas-Symonds said the “objective” was to secure a returns agreement to establish “management and control of the system”.
Volkswagen’s largest EV production site in Europe is at risk of losing jobs amid low demand. The automaker is holding a staff meeting on Thursday, where it’s expected to relay the news to workers. The Volkswagen plant in Zwickau, Germany, is where MEB-based electric cars are built, including the ID.3, ID.4, and ID.5. Other VW
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google workers walk outside of Google headquarters in Mountain View, Calif., Thursday, April 12, 2012. Google Inc. said Thursday that it earned $2.89 billion, or $8.75 per share, in the first quarter. That’s up from $1.8 billion, or $5.51 per share, a year earlier. (AP
Deloitte is planning to cut more than 800 jobs in the UK, sources say. The company, one of the ‘big four’ accountancy firms, is considering the move as part of a cost-cutting restructuring. In a statement to Sky News, Deloitte confirmed some roles were potentially at risk of redundancy, but did not go into specifics.
Fatih Birol, Executive Director of the International Energy Agency (IEA), poses for a photograph during an interview with AFP at the Africa Climate Summit 2023 at the Kenyatta International Convention Centre (KICC) in Nairobi on September 4, 2023. Simon Maina | Afp | Getty Images Demand for fossil fuels like oil, gas and coal will
The chair of the Commons’ defence committee, Tobias Ellwood, has resigned from his role following criticism over a video he posted on social media, Sky News understands. The Tory MP, who had been the chair of the cross-party group since 2020, came under pressure to quit after sharing the clip on X, the platform formerly
Sara Sharif’s father, stepmother and uncle have been arrested on suspicion of murder in connection with the death of the 10-year-old girl. In a statement, Surrey Police detective superintendent Mark Chapman said: “Two men, aged 41 years and 28 years, and a woman, aged 29 years, were arrested on suspicion of murder after disembarking a
Kanye West is being sued by a former employee who claims he was forced to work in dangerous conditions and sleep on the floor of a property the rapper was renovating. Tony Saxon claims he is owed $1m (£800,000) in unpaid wages and loss of earnings after working as a project manager, full-time security, and
Amazon Web Services (AWS) has signed a memorandum of understanding with ISRO and IN-SPACe to support space-tech innovations through cloud computing. The collaboration with ISRO and the Indian National Space Promotion and Authorization Centre (IN-SPACe) is aimed at giving space startups, research institutes and students access to cloud technologies through AWS Activate for new solutions
Three adults who British police want to speak to in connection with the death of Sara Sharif are returning to the UK from Pakistan. Her father Urfan Sharif, stepmother Beinash Batool and uncle Faisal Malik were the subject of an international manhunt. Sara, who was 10 years old, was found dead in her home in
A convicted murderer who broke out of prison by “crab-walking” over the walls has been caught after a nearly two-week-long manhunt. Danelo Cavalcante broke out of Chester County Prison in Pennsylvania on 31 August. CCTV showed the 34-year-old stretching himself between a pair of parallel walls from the prison’s recreation yard in order to climb
Sep 13, 2023, 06:49 AM ET MELBOURNE, Australia — A review of the thoroughbred, harness and greyhound racing industry in Australia’s state of Victoria has detailed multiple allegations of physical and sexual abuse over a period of decades, with victims including children as young as 12. Until the 1990s, it was common practice in Australia
Greg Wyshynski, ESPNSep 13, 2023, 07:00 AM ET Close Greg Wyshynski is ESPN’s senior NHL writer. Connor Bedard was born on July 17, 2005, just under two weeks before Sidney Crosby was drafted first overall by the Pittsburgh Penguins. As you take a deep breath and consider the endless march of time, please note that
It takes just minutes for the scenes to turn grim: a dirty trap house, a drug user injecting scabbed feet, a tiny baby crawling amid the filth. This is Trapping, a new British film starring MOBO-winning drill rapper Abra Cadabra and produced by filmmakers and grime pioneers Femi Oyeniran and Nicky “Slimting” Walker. Later this
Satellite images have shown the devastation caused by catastrophic flooding in Libya which has seen neighbourhoods washed away and killed thousands of people. More than 5,000 bodies have been recovered after the events of the last few days – the remains of at least 2,000 people have been found in the city of Derna alone.
At least 30,000 people have been displaced in the town hardest hit by floods in Libya. Meanwhile, a minister has said 5,300 bodies in the country’s east have been recovered – with the number of fatalities expected to rise significantly. Officials are appealing for international help, and have warned Libya doesn’t have the necessary experience
Amazon appears to be throwing in the towel for its ambitious electric cargo bike delivery in NYC, recently putting its large cargo e-bike depot up for lease after letting its fleet of e-bike vans sit idle on the roof. Electric cargo bikes designed for package delivery have become an increasingly common solution for last mile
Dubai is so hot, it’s hard to go out during the day, which led to authorities coming up with a novel solution. Beaches now stay open all night, with floodlights illuminating the sand.