Crypto exclusive: Nexo users do not have ‘unfettered’ right to withdraw holdings, exchange says December 19, 2022 Crypto exchange Nexo has said its customers do not have the “unfettered” right to withdraw their cryptocurrencies from its platform, as it seeks to defend itself from a High Court lawsuit. Instead, Nexo said its customers only have the right to “request” withdrawals, as the exchange said it retains the right to reject any customer [...]
Hydrogen is ‘not a panacea’ for cutting carbon emissions, warn MPs December 19, 2022 Hydrogen is “not a panacea” for cutting carbon emissions across UK homes, warned a leading Westminster Committee.
Defence giant BAE Systems to nearly double apprentice hiring spree next year December 19, 2022 BAE Systems, one of the UK’s biggest defence companies, is set to nearly double its hiring spree next year. The FTSE defence firm is planning to hire more than 2,600 graduates and apprentices next year, across cybersecurity, software development, aerospace engineering, accountancy and human resources. Although BAE typically invests around £100m annually in education, skills [...]
Older Brits in need of cash return to work in droves as cost of living chaos destroys budgets December 19, 2022 Money is a key motivator for older workers returning to work as the merciless cost-of-living crisis increasingly bites, it has emerged. The Office for National Statistics has published experimental data on the motivations for the over 50s to return to work. Money is an important motivation to return to work for all groups, particularly younger groups, with 69 per [...]
From inequality to inclusion: a fresh focus on readdressing and reviving the skills gap December 19, 2022 | Sponsored DiverCity® Podcast · From inequality to inclusion: a fresh focus on readdressing and reviving the skills gap In this episode, host Julia Streets is joined by Bukola Adisa, Founder/CEO of Career Masterclass and Joseph Williams, Founder and CEO of Clu. Together they look at some of the barriers to entry into the workforce for ethnic [...]
Turkey prices cut by Tesco ahead of Christmas December 19, 2022 While Brits decide what their favourite cut of Turkey is, Tesco has cut its prices for fresh bird to ease cost of living pressures. The supermarket has launched its Christmas initiative for loyal customers, giving club card holders prices of £4 per kilo, down from £5/kg. Turkey crowns will also be down to £8.50 per [...]
UK appoints five new innovation experts to drive post-Brexit technology boom December 18, 2022 The UK government has appointed five, industry leading experts to make use of post-Brexit freedoms by driving innovation in cutting edge sectors that will be vital to Britain’s future growth. The five new experts will work with the government’s chief scientific advisor, Sir Patrick Vallance, to review existing rules and develop a pro-innovation, regulatory approach. [...]
Investors set to be cheered by Bunzl’s climbing profits December 18, 2022 Specialist distribution group Bunzl is set to have waded through cost inflation and supply chain challenges and emerged with strong sales at the end of the year. The FTSE 100 company, which sells global businesses a wide range of products from coffee cups to cafes, food wrap to supermarkets, and cleaning materials to hospitals, will [...]
Rishi Sunak to extend energy bill support for all businesses December 18, 2022 All British businesses are set to benefit from an extension of the government’s energy support package for up to 12 months. Prime Minister Rishi Sunak is set to sign-off on the extension, however it is expected that most businesses will be given a smaller discount on their energy bills from April. The Sunday Times reports [...]
Rising tensions: Foxconn to be fined by Taiwan over investment in China December 18, 2022 Apple supplier Foxconn is expected to be fined by the Taiwanese government for an unauthorised investment in China, as tensions between the two states continue to build. Foxconn, the world’s largest maker of contract electronics, had bought a stake in Chinese chip giant Tsinghua Unigroup in July, which went against new rules imposed in Taiwan. [...]