Student loan costs to balloon £10bn a year – IFS report

The Employee Retention Credit was intended to be a financial lifeline to small businesses struggling to make ends meet during the pandemic. The government program, seemingly flush with cash, led to the emergence of an industry of its own, which focused on helping businesses claim the credits. Suddenly, a parade of ads encouraging businesses to…

The Alphabet Workers Union criticises the tech giant for axing hundreds of jobs despite vast earnings.

Facebook is suing two developers and a Spanish company it alleges sold software that delivered fake likes and comments on Instagram, and unlawfully scraped user data from Facebook. Facebook filed separate lawsuits in Spain and California today against Mohammad Zaghar, a Moroccan developer, and Marcos Gómez Platón, a Spanish developer, and his company MGP25 Cyberint…

The firm’s executive chair said HS2’s costs had risen so much over the past decade because of poor cost estimating, changes to the project’s scope, some poor delivery and the impact of inflation. He added that decisions to delay parts of the project for cashflow reasons, could end up meaning they cost more, and that…

Updated Jan. 8, 2024 5:44 am ET Shell said its fourth-quarter earnings took a hit of between $2.5 billion and $4.5 billion in impairments that were offset by significantly higher gas trading, while its overall production volumes are on track to meet targets. The London-based energy giant said Monday that the impairments were primarily driven…

Dozens of prominent startups in India, one of the world’s largest internet markets, are creating a coalition to fight a Google decision that would require them to give 30% of in-app payments to the tech giant beginning next year. On Tuesday, nearly 60 executives from dozens of Indian companies kicked off preliminary discussions, three people…