1 minute read
BUSINESS EXTRA
All change
BRITISH American Tobacco’s finance director Tadeu Marroco took over immediately after the announcement of his appointment as new chief executive. Marroco, who has worked for the tobacco giant since 1992, replaces boss Jack Bowles, who stepped down after four years as CEO and 20 with the company.
Cloud cover
CAIXABANK and Google
Cloud signed an agreement to speed up the Catalan bank’s digital transformation. Under the deal the bank will use the cloud to boost data analysis technologies in the coming years while creating new products and services by personalising its commercial offer.
Worse off
BRITONS’ overall wealth fell to a 10year low as a third had to dip into their savings over the last year, taking out an average of £3,500 (€4,033). More than half told LifeSearch insurance firm’s Health, Wealth and Happiness 2023 Index that they were worse off financially than last year.
Cheap labour
WOMEN residents born outside Spain account for 6 per cent of the population but occupy 160,000 44 per cent of the 368,000 new jobs that were created over the last year. They earn an average €11,800 pretax, lower than the minimum wage and less than half the national average.
Course work
OVERHAULING apprenticeships would help to kickstart the economy, Tesco chief Ken Murphy said. Despite a huge increase in the number of courses equivalent to a Bachelor’s or Master’s degree between 2014 and 2022, courses equivalent to GCSEs had plummeted by 70 per cent, Murphy pointed out.
