UK

The UK government has unveiled a new renewable energy initiative aiming to significantly reduce carbon emissions by 2035. The plan involves expanding offshore wind farms, solar energy projects, and developing more energy storage facilities. Officials say the project will create thousands of jobs and support the country’s transition to clean energy. The initiative is part of the UK’s commitment to achieving net-zero emissions by 2050.

The UK government has introduced a nationwide initiative to tackle food waste, aiming to reduce it by 50% by 2030. Supermarkets, food manufacturers, and restaurants are collaborating to minimize waste at every stage of the supply chain. The program encourages businesses to donate surplus food to charities, recycle inedible waste, and adopt innovative packaging solutions. Additionally, consumers are being educated on how to store food properly to extend shelf life. Environment Secretary Claire Green highlighted the environmental benefits of reducing food waste, including the reduction of methane emissions from landfills. The initiative aligns with the UK’s commitment to achieving net-zero…

Seasalt, a prominent UK fashion brand with over 60 outlets, has announced potential job cuts as part of a strategic move to safeguard its future amidst the challenges facing the UK high street. The Cornwall-based company cited factors such as a changing retail environment, increased tax burdens, declining consumer sentiment, and rising inflation as reasons for the decision. The proposed job reductions aim to optimize efficiency and manage costs, ensuring the company's continued growth and sustainability. Seasalt has committed to supporting affected employees throughout the consultation process. This development reflects broader trends in the retail sector, where financial pressures have…

Citigroup has overhauled its private banking senior leadership after the departure of global head Ida Liu. Andy Sieg, head of Citi Wealth, announced changes to simplify the structure and elevate key regions. James Holder has been appointed as the head of Citi Private Bank for the UK, Europe, and the Middle East.  Antonio Gonzales and Steven Lo will lead the Latin America and Asia South private banking businesses, respectively, while Cayman Wills has been promoted to interim head of North America. Christian Zeinler has been recruited from UBS as head of strategy for Citi Wealth and business execution. These leaders…