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The man in charge of Macquarie Group’s commodities arm has received a massive boost to his pay.Macquarie had an extremely profitable year trading oil, gas and electricity and its net profit rose 54 per cent, the Financial Times reports.As a…

There are now reportedly just 1000 full-time employees at Twitter. Two people familiar with the company told Business Insider that the headcount is “much lower” than the 1500 employees CEO Elon Musk had told BBC News remained on staff,…

Yet another expert has issued a grim recession warning, predicting a downturn was “pretty likely” with far more financial turmoil ahead.Speaking with the Financial Times this week, former US Treasury Secretary Henry “Hank” Paulson joined…

The controversial rescue deal for troubled lender Credit Suisse and the continuing fallout from the collapse of Silicon Valley Bank indicates the world is sliding into a crisis “far worse” than the GFC, one analyst has argued.Following…

UBS has agreed to take over its troubled Swiss rival Credit Suisse after doubling its offer to $2 billion, the Financial Times reported amid urgent talks Sunday aimed at sparing the embattled bank from a bloodbath when the markets…

The US government’s reaction to the collapse of Silicon Valley Bank (SVB) could spark a dramatic crisis. Finance analysts are warning that while the intervention may have prevented an immediate problem, it could wreak havoc in the future.…

The collapse of three major US banks has sent a shockwave through the US, with critics of the financial system worried the government’s bailout will cascade into something far worse.The failure of both Silicon Valley Bank and the New…

A buy now, pay later giant, that has seen one of Australia’s biggest banks inject millions into it, has recorded its biggest annual loss in its history – racking up an operating loss of $A1.4 billion.However, the Swedish payments firm…

One of Elon Musk’s most loyal Twitter employees has lost her job amid a fresh wave of brutal lay-offs.In November, Twitter product manager Esther Crawford – who led the controversial Twitter Blue subscription service – went viral after…

Elon Musk is exploring new ways to increase Twitter’s revenue following his historic takeover — and his next move appears to have one of his previous ventures in the firing line.Musk has implemented a wide array of tweaks to the social…