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Deutsche Bank boss to step down amid continued losses

Deutsche Bank boss to step down amid continued losses

Business
The boss of Deutsche Bank, John Cryan, is to step down amid continued losses at Germany's biggest lender. He will be replaced by co-deputy chief executive Christian Sewing.Mr Cryan has held the job since 2015, during which time Deutsche Bank has reported three years of losses.Chairman Paul Achleitner thanked Mr Cryan but said: "Following a comprehensive analysis we came to the conclusion that we need a new execution dynamic in the leadership of our bank."The lender has faced a sales slowdown and its share price has fallen 30% this year. Mr Cryan will leave Deutsche Bank at the end of the month.Mr Achleitner said: "Despite his relatively short tenure as chief executive, John Cryan has played a critical role in the almost 150 year history of Deutsche Bank - and laid the groundwork for a succ...
Ant McPartlin to step down from TV work

Ant McPartlin to step down from TV work

Entertainment
Ant McPartlin is stepping down from his TV work and is to seek rehab following his arrest for suspected drink-driving, his publicist has said. A statement from McPartlin's publicist said: "Ant has decided to go back into treatment and step down from his current TV commitments."He has spoken with Dec and ITV today and asked for time off for the foreseeable future. As such Saturday Night Takeaway will not be going ahead this Saturday."An ITV spokesman said: "ITV has taken a joint decision with Ant and Dec's team not to broadcast Saturday Night Takeaway this weekend."We will be reviewing options for the last two episodes of the series (31 March and 7 April) which would not feature Ant who is taking time off to seek treatment."We very much hope that he gets the help that he needs."The 42-year-...
Quantum computers 'one step closer'

Quantum computers 'one step closer'

Science
Quantum computing has taken a step forward with the development of a programmable quantum processor made with silicon.The team used microwave energy to align two electron particles suspended in silicon, then used them to perform a set of test calculations.By using silicon, the scientists hope that quantum computers will be more easy to control and manufacture. The research was published in the journal Nature.The old adage of Schrödinger's Cat is often used to frame a basic concept of quantum theory. We use it to explain the peculiar, but important, concept of superposition; where something can exist in multiple states at once.For Schrodinger's feline friend - the simultaneous states were dead and alive.Superposition is what makes quantum computing so potentially powerful.Standard computer
Sony chief executive Kazuo Hirai to step down

Sony chief executive Kazuo Hirai to step down

Technology
Sony's chief executive Kazuo Hirai is stepping down and handing the reins over to finance chief Kenichiro Yoshida.Mr Yoshida, Sony's chief financial officer, is to take over control of the Japanese electronics giant from 1 April.Mr Hirai will remain at Sony as chairman.Mr Yoshida and Mr Hirai have been instrumental in turning Sony around to focus on smartphone image sensors.Under their efforts, the Japanese electronic giant sold off its struggling PC business and launched the successful PlayStation 4 video game console, which has sold more than 60 million units to date. Sony said its profits quadrupled in the three months to December.The Japanese electronics giant reported a record profit of 351 billion yen ($ 3.2bn, £2.5bn) for the quarter, compared with 92.4 billion yen in the same perio
Atom Bank founder Thomson to step down

Atom Bank founder Thomson to step down

Business
The entrepreneur who set up Atom Bank, Britain's first app-based lender, is to step down as it finalises a £150m fundraising.Sky News has learnt that Anthony Thomson, who also spearheaded the launch of Metro Bank in 2010, has resigned as Atom's chairman.His departure, which is expected to be announced on Thursday, will see Mr Thomson replaced by Bridget Rosewell, one of the company's existing non-executive directors.Ms Rosewell is on the board of Network Rail and is a former non-executive at the Department of Work and Pensions and Ulster Bank.A source said that Mr Thomson had decided to leave Atom "now that it had gone from being a big idea to a small bank".He is said to be planning to focus on a number of other ventures, as well as a book project.The timing of his exit is intriguing, howe