Businesshttps://www.thephoenixnewspaper.com/news/business-finance/feed/atom/2026-03-14T12:16:55+00:00Phoenix NewspaperThe Phoenix Newspaper UK | Latest news in UK | Positive news | Inspiring The Next GenerationAI blamed for one in five tech layoffs so far in 20262026-03-13T11:18:13+00:002026-03-13T11:18:13+00:00https://www.thephoenixnewspaper.com/ai-blamed-for-one-in-five-tech-layoffs-so-far-in-2026Super User<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_AI_blamed_for_one_in_five_tech_layoffs_so_far_in_2026_-_Copy.png" /></p><p><a href="https://iol.co.za/technology/software-and-internet/2026-03-10-artificial-intelligence-startups-attracting-record-investments-in-2026/">Artificial intelligence</a> is increasingly being linked to job cuts across the global tech industry, with new data suggesting that around one in five layoffs this year are connected to companies adopting AI tools.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_AI_blamed_for_one_in_five_tech_layoffs_so_far_in_2026_-_Copy.png" /></p><p><a href="https://iol.co.za/technology/software-and-internet/2026-03-10-artificial-intelligence-startups-attracting-record-investments-in-2026/">Artificial intelligence</a> is increasingly being linked to job cuts across the global tech industry, with new data suggesting that around one in five layoffs this year are connected to companies adopting AI tools.</p>
Chancellor and Energy Secretary meet with fuel bosses in No11 as government order crackdown on pump prices2026-03-13T11:15:15+00:002026-03-13T11:15:15+00:00https://www.thephoenixnewspaper.com/chancellor-and-energy-secretary-meet-with-fuel-bosses-in-no11-as-government-order-crackdown-on-pump-pricesSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ12_-_Chancellor_and_Energy_Secretary_meet_with_fuel_bosses_in_No11_as_government_order_crackdown_on_pump_prices.jpg" /></p><p>Rachel Reeves has written to the Competition and Markets Authority requesting it stays on high alert for unjustifiable price rises on petrol, diesel and heating oil, to support families and businesses.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ12_-_Chancellor_and_Energy_Secretary_meet_with_fuel_bosses_in_No11_as_government_order_crackdown_on_pump_prices.jpg" /></p><p>Rachel Reeves has written to the Competition and Markets Authority requesting it stays on high alert for unjustifiable price rises on petrol, diesel and heating oil, to support families and businesses.</p>
Wolves at Work i10 hub celebrates two years of transforming lives in Wolverhampton2026-03-13T11:08:29+00:002026-03-13T11:08:29+00:00https://www.thephoenixnewspaper.com/wolves-at-work-i10-hub-celebrates-two-years-of-transforming-lives-in-wolverhamptonSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ1_-_Wolves_at_Work_i10_hub_celebrates_two_years_of_transforming_lives_in_Wolverhampton.jpg" /></p><p>More than 1,000 residents have been supported into employment thanks to the council’s Wolves at Work Jobs, Skills and Careers Hub at i10.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ1_-_Wolves_at_Work_i10_hub_celebrates_two_years_of_transforming_lives_in_Wolverhampton.jpg" /></p><p>More than 1,000 residents have been supported into employment thanks to the council’s Wolves at Work Jobs, Skills and Careers Hub at i10.</p>
Cytec Solutions Limited announces acquisition of Howells Associates Limited, expanding capabilities and strengthening market position2026-03-12T22:09:25+00:002026-03-12T22:09:25+00:00https://www.thephoenixnewspaper.com/cytec-solutions-limited-announces-acquisition-of-howells-associates-limited-expanding-capabilities-and-strengthening-market-positionSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_Cytec_Solutions_Limited_announces_acquisition_of_Howells_Associates_Limited_expanding_capabilities_and_strengthening_market_position.png" /></p><p>Cytec Solutions Limited (Cytec), a leading software provider with a focus on corporate governance, compliance, and equity management, have announced the acquisition of Howells Associates Limited (Howells), a trusted UK provider of employee share plan administration and insider list management solutions.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_Cytec_Solutions_Limited_announces_acquisition_of_Howells_Associates_Limited_expanding_capabilities_and_strengthening_market_position.png" /></p><p>Cytec Solutions Limited (Cytec), a leading software provider with a focus on corporate governance, compliance, and equity management, have announced the acquisition of Howells Associates Limited (Howells), a trusted UK provider of employee share plan administration and insider list management solutions.</p>
Nahda Capital Partners files for registration of inaugural private equity fund in ADGM2026-03-12T22:06:52+00:002026-03-12T22:06:52+00:00https://www.thephoenixnewspaper.com/nahda-capital-partners-files-for-registration-of-inaugural-private-equity-fund-in-adgmSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_Nahda_Capital_Partners_files_for_registration_of_inaugural_private_equity_fund_in_ADGM1.jpg" /></p><p>Nahda Capital Partners, a newly established private equity platform headquartered in ADGM, has filed for the registration of its inaugural private equity fund this week as it prepares to launch investment activities across the Gulf Cooperation Council (GCC).</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_Nahda_Capital_Partners_files_for_registration_of_inaugural_private_equity_fund_in_ADGM1.jpg" /></p><p>Nahda Capital Partners, a newly established private equity platform headquartered in ADGM, has filed for the registration of its inaugural private equity fund this week as it prepares to launch investment activities across the Gulf Cooperation Council (GCC).</p>
African oil and gas industry to boycott Africa Energies Summit over local content, representation concerns2026-03-11T21:01:21+00:002026-03-11T21:01:21+00:00https://www.thephoenixnewspaper.com/african-oil-and-gas-industry-to-boycott-africa-energies-summit-over-local-content-representation-concernsSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_African_oil_and_gas_industry_to_boycott_Africa_Energies_Summit_over_local_content_representation_concerns.png" /></p><p>The African Energy Chamber (AEC) – the voice of the African energy sector – is calling for an industry-wide boycott of the upcoming Africa Energies Summit.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_African_oil_and_gas_industry_to_boycott_Africa_Energies_Summit_over_local_content_representation_concerns.png" /></p><p>The African Energy Chamber (AEC) – the voice of the African energy sector – is calling for an industry-wide boycott of the upcoming Africa Energies Summit.</p>
ITFC and Islamic Republic of Mauritania sign US$ 1B framework agreement to strengthen trade and economic development2026-03-10T22:13:59+00:002026-03-10T22:13:59+00:00https://www.thephoenixnewspaper.com/itfc-and-islamic-republic-of-mauritania-sign-us$-1b-framework-agreement-to-strengthen-trade-and-economic-developmentSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ12_-_ITFC_and_Islamic_Republic_of_Mauritania_sign_US_1B_framework_agreement_to_strengthen_trade_and_economic_development.jpg" /></p><p>The ITFC (International Islamic Trade Finance Corporation), a member of the Islamic Development Bank (IsDB) Group, signed a US$ 1.0 billion Five-Year Framework Agreement with the Islamic Republic of Mauritania covering the 2026–2030 period to strengthen cooperation and support the country’s economic development priorities through strategic trade finance and capacity-building initiatives.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ12_-_ITFC_and_Islamic_Republic_of_Mauritania_sign_US_1B_framework_agreement_to_strengthen_trade_and_economic_development.jpg" /></p><p>The ITFC (International Islamic Trade Finance Corporation), a member of the Islamic Development Bank (IsDB) Group, signed a US$ 1.0 billion Five-Year Framework Agreement with the Islamic Republic of Mauritania covering the 2026–2030 period to strengthen cooperation and support the country’s economic development priorities through strategic trade finance and capacity-building initiatives.</p>
GXO celebrates 20 years of growth in Poland fuelled by innovation and community impact2026-03-09T14:06:42+00:002026-03-09T14:06:42+00:00https://www.thephoenixnewspaper.com/gxo-celebrates-20-years-of-growth-in-poland-fuelled-by-innovation-and-community-impactSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_GXO1_celebrates_20_years_of_growth_in_Poland_fuelled_by_innovation_and_community_impact.png" /></p><p><a href="https://www.globenewswire.com/Tracker?data=RLx0j4zDVwmS76NGIQGMOOUHE6-INZDwTXRRBdvb04HtrVU302ycJIL-GwlF0NhxjWamNtDcKeZdPAYFxDM5QA==">GXO Logistics, Inc</a>., the world’s largest pure-play contract logistics provider, today marked 20 years of transforming the logistics landscape in Poland, the fifth-largest logistics market in Europe.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_GXO1_celebrates_20_years_of_growth_in_Poland_fuelled_by_innovation_and_community_impact.png" /></p><p><a href="https://www.globenewswire.com/Tracker?data=RLx0j4zDVwmS76NGIQGMOOUHE6-INZDwTXRRBdvb04HtrVU302ycJIL-GwlF0NhxjWamNtDcKeZdPAYFxDM5QA==">GXO Logistics, Inc</a>., the world’s largest pure-play contract logistics provider, today marked 20 years of transforming the logistics landscape in Poland, the fifth-largest logistics market in Europe.</p>
ISS awarded contract with Bank of England2026-03-08T13:03:34+00:002026-03-08T13:03:34+00:00https://www.thephoenixnewspaper.com/iss-awarded-contract-with-bank-of-englandSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_ISS_awarded_contract_with_Bank_of_England.jpg" /></p><p>ISS, a leading global workplace experience and facility services company, announced today that it has been awarded a new 4-year contract (with an option to extend for an additional year) with the Bank of England.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_ISS_awarded_contract_with_Bank_of_England.jpg" /></p><p>ISS, a leading global workplace experience and facility services company, announced today that it has been awarded a new 4-year contract (with an option to extend for an additional year) with the Bank of England.</p>
Hindustan Zinc signs MoU with Virginia Tech for advanced research on silver recovery2026-03-07T19:28:18+00:002026-03-07T19:28:18+00:00https://www.thephoenixnewspaper.com/hindustan-zinc-signs-mou-with-virginia-tech-for-advanced-research-on-silver-recoverySuper User<p><img src="https://thephoenixnewspaper.com/images/1234Hindustan_Zinc_MoU.jpg" /></p><p>Hindustan Zinc Limited, the world's largest integrated zinc producer and among the top five silver producers globally, has signed a Memorandum of Understanding (MoU) with Virginia Tech, a premier U.S. based research university, to advance scientific research focused on improving silver recovery across its lead-zinc (Pb–Zn) concentrators.</p>
<p><img src="https://thephoenixnewspaper.com/images/1234Hindustan_Zinc_MoU.jpg" /></p><p>Hindustan Zinc Limited, the world's largest integrated zinc producer and among the top five silver producers globally, has signed a Memorandum of Understanding (MoU) with Virginia Tech, a premier U.S. based research university, to advance scientific research focused on improving silver recovery across its lead-zinc (Pb–Zn) concentrators.</p>
Over two thirds of female business leaders admit workplace discrimination is still widespread2026-03-07T19:17:07+00:002026-03-07T19:17:07+00:00https://www.thephoenixnewspaper.com/over-two-thirds-of-female-business-leaders-admit-workplace-discrimination-is-still-widespreadSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_Over_two_thirds_of_female_business_leaders_admit_workplace_discrimination_is_still_widespread121.jpg" /></p><p>Over two thirds (69%) of female business leaders say they still experience gender-based discrimination in the workplace, according to new research released ahead of this International Women’s Day.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_Over_two_thirds_of_female_business_leaders_admit_workplace_discrimination_is_still_widespread121.jpg" /></p><p>Over two thirds (69%) of female business leaders say they still experience gender-based discrimination in the workplace, according to new research released ahead of this International Women’s Day.</p>
Critical Manufacturing showcases AI-ready manufacturing execution and intelligence at APEX EXPO 20262026-03-04T20:54:56+00:002026-03-04T20:54:56+00:00https://www.thephoenixnewspaper.com/critical-manufacturing-showcases-ai-ready-manufacturing-execution-and-intelligence-at-apex-expo-2026Super User<p><img src="https://thephoenixnewspaper.com/images/BIZ12_-_Critical_Manufacturing_showcases_AI-ready_manufacturing_execution_and_intelligence_at_APEX_EXPO_2026.jpg" /></p><p><a href="https://u7061146.ct.sendgrid.net/ls/click?upn=u001.gqh-2BaxUzlo7XKIuSly0rC-2FHKmTRPaKRXA7fukBRKbCFxmNQX8gZN3wiDBAYBhNZfw75X_6jWoDsucP9FaN5Fexj4dxTLo85IHFVfd19pA5ynrQzGVEu16OGvM2CzIsxgFtO58fe60QRNtAEc5KMyxgpUTbgMUOWWTinwwC82s9KoGXt-2Fb3aXCiB50aRQJdSniua5zHLa7hD2ZdG5AqX4TxRCPH3guo1lpppONdkm10lpEQVolZcsnpUE-2FBVkGJPM64VItkCzTaPR-2BHwjaY974pTio8RCApNEu3VMvEXbeg0WfOME6OoFGBA7JaUTn-2F40FAYixeQVO4Km2kPPr57I-2FXAzsGXQuFW9ta1E2pW9P6AIVxXItKzp1UBtomgtcxddjiEkmn9MYzLcW-2F20DxQZUUD9926kO-2B-2FNjynu6jQqLFCnOWZg-3D">Critical Manufacturing</a>, the Industrial Operations Platform company that unites execution, connectivity, analytics and trusted AI, will exhibit at <a href="https://u7061146.ct.sendgrid.net/ls/click?upn=u001.gqh-2BaxUzlo7XKIuSly0rCzNJ9HYQ4RQDVqQ3qQ9Oa6zkXkiqlnyrh69IFsp6CBMozxNt_6jWoDsucP9FaN5Fexj4dxTLo85IHFVfd19pA5ynrQzGVEu16OGvM2CzIsxgFtO58fe60QRNtAEc5KMyxgpUTbgMUOWWTinwwC82s9KoGXt-2Fb3aXCiB50aRQJdSniua5zHLa7hD2ZdG5AqX4TxRCPH3guo1lpppONdkm10lpEQVolZcsnpUE-2FBVkGJPM64VItkCzTaPR-2BHwjaY974pTio8c01d8mtUQoruPcxtspsg0tLIl7Edi-2B6e54istQf-2By-2BtdC-2FEA6xhfJnI9vWD-2FaBbaHbWfqLsILj-2B5sozcX9y1L-2BDtoVPHiN489ipKTqi9wnMtGcbQqW33UmxV216l2-2BwWzzM2HahumRne8OJlcEQrng-3D"> APEX Expo</a> 2026, by Global Electronics Association, demonstrating how Critical Manufacturing MES powers a complete platform that extends from the shopfloor to global enterprise optimization.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ12_-_Critical_Manufacturing_showcases_AI-ready_manufacturing_execution_and_intelligence_at_APEX_EXPO_2026.jpg" /></p><p><a href="https://u7061146.ct.sendgrid.net/ls/click?upn=u001.gqh-2BaxUzlo7XKIuSly0rC-2FHKmTRPaKRXA7fukBRKbCFxmNQX8gZN3wiDBAYBhNZfw75X_6jWoDsucP9FaN5Fexj4dxTLo85IHFVfd19pA5ynrQzGVEu16OGvM2CzIsxgFtO58fe60QRNtAEc5KMyxgpUTbgMUOWWTinwwC82s9KoGXt-2Fb3aXCiB50aRQJdSniua5zHLa7hD2ZdG5AqX4TxRCPH3guo1lpppONdkm10lpEQVolZcsnpUE-2FBVkGJPM64VItkCzTaPR-2BHwjaY974pTio8RCApNEu3VMvEXbeg0WfOME6OoFGBA7JaUTn-2F40FAYixeQVO4Km2kPPr57I-2FXAzsGXQuFW9ta1E2pW9P6AIVxXItKzp1UBtomgtcxddjiEkmn9MYzLcW-2F20DxQZUUD9926kO-2B-2FNjynu6jQqLFCnOWZg-3D">Critical Manufacturing</a>, the Industrial Operations Platform company that unites execution, connectivity, analytics and trusted AI, will exhibit at <a href="https://u7061146.ct.sendgrid.net/ls/click?upn=u001.gqh-2BaxUzlo7XKIuSly0rCzNJ9HYQ4RQDVqQ3qQ9Oa6zkXkiqlnyrh69IFsp6CBMozxNt_6jWoDsucP9FaN5Fexj4dxTLo85IHFVfd19pA5ynrQzGVEu16OGvM2CzIsxgFtO58fe60QRNtAEc5KMyxgpUTbgMUOWWTinwwC82s9KoGXt-2Fb3aXCiB50aRQJdSniua5zHLa7hD2ZdG5AqX4TxRCPH3guo1lpppONdkm10lpEQVolZcsnpUE-2FBVkGJPM64VItkCzTaPR-2BHwjaY974pTio8c01d8mtUQoruPcxtspsg0tLIl7Edi-2B6e54istQf-2By-2BtdC-2FEA6xhfJnI9vWD-2FaBbaHbWfqLsILj-2B5sozcX9y1L-2BDtoVPHiN489ipKTqi9wnMtGcbQqW33UmxV216l2-2BwWzzM2HahumRne8OJlcEQrng-3D"> APEX Expo</a> 2026, by Global Electronics Association, demonstrating how Critical Manufacturing MES powers a complete platform that extends from the shopfloor to global enterprise optimization.</p>
West Yorkshire businesses to benefit from new Growth Hub with ‘no wrong door to a world of support’2026-03-04T20:48:34+00:002026-03-04T20:48:34+00:00https://www.thephoenixnewspaper.com/west-yorkshire-businesses-to-benefit-from-new-growth-hub-with-no-wrong-door-to-a-world-of-supportSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ11_-_West_Yorkshire_businesses_to_benefit_from_new_Growth_Hub_with_no_wrong_door_to_a_world_of_support1.jpg" /></p><p>Businesses across West Yorkshire will be able to access a ‘world of support’ more quickly, simply and effectively, thanks to a new initiative that brings together and builds on existing business support, it can be announced.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ11_-_West_Yorkshire_businesses_to_benefit_from_new_Growth_Hub_with_no_wrong_door_to_a_world_of_support1.jpg" /></p><p>Businesses across West Yorkshire will be able to access a ‘world of support’ more quickly, simply and effectively, thanks to a new initiative that brings together and builds on existing business support, it can be announced.</p>
AAMFI appoints Dr. Corneille Karekezi as Chair as the Alliance welcomes new members2026-03-03T20:02:17+00:002026-03-03T20:02:17+00:00https://www.thephoenixnewspaper.com/aamfi-appoints-dr.-corneille-karekezi-as-chair-as-the-alliance-welcomes-new-membersSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_AAMFI_appoints_Dr._Corneille_Karekezi_as_Chair_as_the_Alliance_welcomes_new_members121.png" /></p><p>The Alliance of African Multilateral Financial Institutions (AAMFI) has appointed Dr. Corneille Karekezi as Chair of its Governing Council, succeeding Samaila Zubairu, President and Chief Executive Officer of the Africa Finance Corporation (AFC), who served as the Alliance’s second Chairperson following its establishment in 2024.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_AAMFI_appoints_Dr._Corneille_Karekezi_as_Chair_as_the_Alliance_welcomes_new_members121.png" /></p><p>The Alliance of African Multilateral Financial Institutions (AAMFI) has appointed Dr. Corneille Karekezi as Chair of its Governing Council, succeeding Samaila Zubairu, President and Chief Executive Officer of the Africa Finance Corporation (AFC), who served as the Alliance’s second Chairperson following its establishment in 2024.</p>
Council’s budget for 2026/27 approved2026-03-03T19:50:45+00:002026-03-03T19:50:45+00:00https://www.thephoenixnewspaper.com/councils-budget-for-2026/27-approvedSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_Councils_budget_for_2026-27_approved.png" /></p><p>Budget proposals – including extra £130 million for frontline services like cleaner streets, tackling fly-tipping and protecting our libraries – have been approved by full council.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_Councils_budget_for_2026-27_approved.png" /></p><p>Budget proposals – including extra £130 million for frontline services like cleaner streets, tackling fly-tipping and protecting our libraries – have been approved by full council.</p>
The Ferrero Group announces new governance and leadership roles, reporting into Giovanni Ferrero, President of Ferrero International S.A.2026-03-03T19:44:22+00:002026-03-03T19:44:22+00:00https://www.thephoenixnewspaper.com/the-ferrero-group-announces-new-governance-and-leadership-roles-reporting-into-giovanni-ferrero-president-of-ferrero-international-s.aSuper User<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_The_Ferrero_Group_announces_new_governance_and_leadership_roles-Alex.jpg" /></p><p>Following a review of the business structure over the past months, which culminated in the resolution approved at the Board of Directors' meeting on 11 February 2026, the Ferrero Group announces a new governance designed to further strengthen its competitive position in the sweet-packaged food sector.</p>
<p><img src="https://thephoenixnewspaper.com/images/BIZ_-_The_Ferrero_Group_announces_new_governance_and_leadership_roles-Alex.jpg" /></p><p>Following a review of the business structure over the past months, which culminated in the resolution approved at the Board of Directors' meeting on 11 February 2026, the Ferrero Group announces a new governance designed to further strengthen its competitive position in the sweet-packaged food sector.</p>