The UK government’s borrowing surged from £16.6bn to £16.6bn during…
The government has borrowed more than official estimates by £6.6 billion this year. This shows the fiscal squeeze…
Monthly Archives
October 2024
EY fires staff after they stream multiple videos of training at the same time
The Big Four professional service firm EY has sacked dozens of employees for streaming multiple training videos at…
IMF raises forecast for UK economy to 1.1% growth
The International Monetary Fund has given the UK one of the largest growth upgrades of any advanced country this…
Nigeria rejects Shell’s plan to sell a $1.3bn offshore production unit
Shell's $1.3 billion sale of its onshore production unit has been rejected by Nigeria, a blow for the oil giant's…
Iranian markets fall and flights are cancelled amid Israeli attacks
Iran's currency has declined, and many foreign airlines have suspended their flights as they prepare for a…
Chinese share buybacks reach record levels as Beijing increases support
This year, share buybacks at mainland China's largest exchanges reached a new record as Beijing pushed companies to…
Report finds that serial returners in the UK send back online purchases worth…
A UK report found that shoppers who return goods purchased online will send back £1,400 worth of items each in this…
France warns US Sanofi buyer about penalties for moving production abroad
The French government warned a US-based private equity firm that was buying the consumer healthcare division of…
TikTok’s owner fires an intern after he allegedly sabotaged AI project
Owner of TikTok sacked intern for allegedly sabotaging a project on artificial intelligence.
ByteDance stated…
TfL may be forced to pay millions of pounds in fines for Dutch truck drivers who…
Transport for London (TfL), after admitting that the fines were illegally issued, could be forced by Dutch lorry…
Goldman Sachs predicts that UK interest rates will fall to 2.75% next autumn
A leading investment bank predicted that interest rates will fall to 2.75 percent by the autumn of next year after…
Microsoft’s AI bots will take over the tedious office tasks of workers
Microsoft has developed "virtual employees", capable of performing increasingly complex tasks in the office. This…
Volkswagen fined £5.4m after mistreating vulnerable clients
Volkswagen's motor finance division has been fined £5.4m by the City regulator, and will pay more than £21.5m in…
Gold prices continue to record highs amid geopolitical tensions
Gold's price has continued its strong rally, and reached a new high. Investors have flocked to gold as a safe-haven…
Microsoft signs deal in Whitehall
Microsoft signed a 5-year product agreement for the British Government, as the Labour government deepens ties with…
UK interest rates could fall to as low as 2.5% in the coming year
Goldman Sachs forecasts that the Bank of England will cut interest rates faster than investors expect over the next…
Sky’s losses for the full year doubled to £224m, as revenues flatline
Sky's annual losses doubled last year, as it spent more money on programming and related costs for its broadband…
The AA has called for a ban on drivers under 21 who carry passengers the same age…
A motoring group has called for new drivers in the UK under 21 to be prohibited from transporting passengers their…