Catch up with the latest business and finance news in our weekly round-up…

 

Rolls-Royce to cut 3,000 jobs in the UK

Rolls-Royce have announced that they are to cut 4,600 jobs as part of a major shake-up, with 3,000 of the jobs to hit the UK, particularly in Derby.

China promises fast response as Trump readies tariffs

China vowed to strike back quickly if the United States hurts its interests. This threat comes hours before Donald Trump was due to unveil revisions to a tariff list targeting $50billion worth of Chinese goods.

Banks close 2,900 branches in three years, says Which?

Consumer group Which? Have warned that about 60 bank branches are closing every month, with RBS shutting the most.

The City must tackle ‘alpha male culture’ to boost diversity, says Treasury Committee

An influential committee of MPs have said that The City must tackle its ‘alpha male culture’, implement objective criteria for awarding bonuses and tackle unconscious bias that limits women’s careers in finance.

Huge majority of firms unprepared for cyber attacks

According to a survey by KPMG, three-quarters of chief information officers are more concerned about the threat of organised cyber-crime than anything else.

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