Headcount at the city's financial institutions will drop five percent by the end of 2023 to around

Join our Whatsapp channel The chairman of Agence France-Presse( AFP) outlined his plans on Friday to cut costs at the news agency with a retirement incentive scheme and a reduction in spending on expatriate journalists. Fabrice Fries warned last month that the group needed to save 12-14 million euros($ 13.8-16.1m) by the end of 2026 due to a fall in revenues. Speaking to employee representatives on today, he said he hoped to save 4-5m euros a year with a retirement incentive plan in which 50-70

At the Department for Culture, Media and Sport, the number of civil servants nearly doubled, going up from 530 to 1, 010. Conservative MP Peter Bedford called for major reductions in civil servant numbers.... This may include adverts from us and 3rd parties based on our understanding.... Read our Privacy PolicyJohn O’Connell, of the Taxpayers’ Alliance, said: “ Taxpayers will be asking what on earth all these additional bureaucrats are actually doing....

One senior Tory backbencher told The Telegraph:" The cost of government communication has become completely disproportionate, and almost inversely proportional to its effectiveness." That's certainly the case of the Treasury.... There is no doubt that the Treasury comms machine has been used to advanced Rishi's personal ambitions." The Treasury spokesman said:" We remain one of the smallest communications teams across Whitehall.... The communications team's budget also includes the cost of our

SYDNEY: Australia’s banking regulator raised the minimum interest-rate buffer that lenders need to account for when assessing home-loan applications, citing growing risks to financial stability from a booming housing market. The Australian Prudential Regulation Authority( APRA) told lenders it expects them to assess new borrowers’ ability to meet loan repayments at an interest rate that is at least three percentage points above the loan product rate, according to a statement yesterday. That’s up

, said:" Kuala Lumpur is a sprawling city that is soaring higher.... It is a place with so much energy

Indian pop group Bombay Vikings were wrong when they sang “ good times are here to stay ”.... And for real this time, or so the data seems to suggest. The slowdown in fundraising activity is quite clear: global funding dipped to$ 45 billion in April, according to Crunchbase.... And as for crypto, you-know-what is hitting the fan, with dip after dip after dip....

LANGKAWI: Since the reopening of Langkawi under the Travel Bubble Programme on Malaysia Day, a total of 240, 361 domestic tourists have visited the resort island, bankrolling more than RM240mil in revenue for the tourism industry in less than two months. Langkawi Development Authority( Lada) chief executive officer Nasaruddin Abdul Muttalib said some 133, 626 visitors had touched down by flight, 77, 778 people took the ferry from Kuala Kedah and Kuala Perlis terminals while the remaining 28, 957

Join our Whatsapp channel KARACHI: Foreign exchange reserves of the State Bank increased by$ 13 million to$ 12.05 billion during the week ended on Dec 6, announced the central bank on Thursday. The SBP reserves position is so comfortable that the finance minister stated the external financing gap for the current year has been met, eliminating the urgency to access international financial markets until Pakistan’s credit rating improves. The country’s overall foreign exchange holdings increased to

Personal Independence Payments for working-age-people to soar by ￡10b.... Our changes to the Work