Keep up to date with the latest (and most interesting) business and finance news with our weekly round-up…

WeWork warns of job cuts after Softbank rescue

WeWork leaders have warned staff to expect major job cuts after a shake-up at the struggling co-working company.

Ex-Thomas Cook boss denies saddling firm with choking debts

A former boss of Thomas Cook, who presided over a major expansion, has denied saddling the firm with a debt pile that ultimately killed the business.

Investors want clearer climate-related disclosures, FRC warns

Companies are falling short of investors’ expectations for clearer disclosures on climate-related risks, the Financial Reporting Council (FRC) warned yesterday.

Lloyd’s of London syndicate takes aim at insurance for America’s super-rich

An American insurance group is to start a new business at Lloyd’s of London, writing as much as $1billion in annual premiums in what would be the biggest syndicate on record to launch on the market.

Aon calls for further changes to reinsurance under IFRS 17

The Reinsurance Solutions business of Aon, the global re/insurance brokerage, has called for further changes to the way reinsurance will be reported under International Financial Reporting Standard (IFRS) 17.

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