Mortgage interest rates rise by 56pc for homeowners
New figures show that mortgage holders are the most affected by the cost of living crisis.
Homeowners are the…
Yearly Archives
2023
Lidl forced into renaming bread after a ‘fake sourdough’ row
Lidl was forced to rebrand a loaf after a dispute over whether it was sourdough or not. The German supermarket…
Sellafield Nuclear Site under ‘robust’ scrutiny over cybersecurity…
The government agency responsible for cleaning Sellafield nuclear waste in Cambria was put under "special measures"…
Sunak is preparing to block a licence fee increase, which could lead to further…
Broadcasters on the verge of a drastic decline, as annual shortfalls could rise above £500m.Tim Davie, BBC boss for…
Spotify will cut nearly a fifth off its staff as part of an efficiency drive
Spotify is cutting around 20% of its staff because the economy has slowed down, and they need to save money in…
Barclay family takes back Telegraph title after UK probe
The Barclay Family has legal ownership of the Telegraph until the end of this year. The potential buyer supported…
Sky announces a 6.7 billion pound broadcasting deal with Sky for most Premier…
Sky acquired the largest package of games from the Premier League since its inception. The English top flight sold…
Qatar sells shares worth £510mn to Barclays, reducing its stake by 5%
Qatar's sovereign fund has reduced its stake in Barclays. The UK bank is under pressure to revamp its strategy and…
IBM claims quantum computing research milestone
IBM researchers say quantum computing is beginning to live up to its promise as an important scientific research…
NHS pays private sector to perform more medical procedures
Britain's National Health Service is outsourcing an increasing number of eye and hip operations in order to cope…
Tech funds adopt private-equity strategies to compete for cash returns to…
Venture capitalists in Silicon Valley are hurrying to establish private equity-style structures in order to…
Chinese borrowers default in record numbers as economic crisis deepens
Since the coronavirus outbreak, defaults by Chinese borrowers are at a record-high. This highlights the severity of…
IMF: Keep interest rates high to avoid a repeat of the inflation crisis from 1970s
The International Monetary Fund has warned that central banks need to keep interest rates at high levels for…
Opec+ cuts oil production, leaving the market skeptical
OPEC+ will reduce oil production in 2024 to help improve the market.However, crude prices have fallen due to…
Vail buys Crans-Montana in a $136mn deal
Vail Resorts agreed to purchase the Crans-Montana resort in the Swiss Alps for SFr118.5mn (US$136mn). This deal…
Trial of ex-Goldman analyst and his lawyer brother for insider trading
According to the prosecution, a former Goldman Sachs lawyer and his brother (an ex-Clifford Chance attorney)…
Interest rate cuts lead to global stock market’s best month in 3 years
Investors are dumping risky assets as they believe that the Federal Reserve, and other central banks, is close to…
UAE launches $30bn Investment Fund at COP28
According to sources familiar with the situation, the United Arab Emirates will launch a $30bn fund to invest in…