Home REIT: We’ve no idea where our rent comes from December 15, 2022 Beleaguered property investor Home REIT has admitted it has no idea how much rent it receives through government housing benefit payments despite saying its business model ultimately relies on them, City A.M. can reveal.
Trump unveils superhero NFT collection after teasing ‘major announcement’ December 15, 2022 Donald Trump has sensationally launched a superhero-themed NFT trading card collection today after teasing a "major announcement" on his Truth Social platform earlier in the day.
Shapps ends flagship small business digital support scheme December 15, 2022 Grant Shapps has pulled the plug on the ‘Help to Grow: Digital programme’ following lacklustre participation and rising costs, sparking a backlash from industry bodies. In a statement on Thursday, Shapps who currently serves as the Secretary of State for Business, Energy and Industrial Strategy said Government “cannot justify the continued cost” of the “Digital” [...]
Simpson’s saved? Historic City chophouse granted status as asset of value December 15, 2022 The City of London has decided to designate Simpson’s Tavern – the historic City bar and restaurant threatened with closure – as an asset of community value at a meeting this afternoon. The historic eatery was designated an Asset of Community Value by the City of London Corporation’s Policy and Resources Committee unanimously – taking [...]
City chamber of commerce launched to help Square Mile firms navigate challenges December 15, 2022 The City’s chamber of commerce has launched a new body dedicated to supporting business within the Square Mile. London Chamber of Commerce and Industry announced the creation of the City of London Chamber this week. It will be a forum for firms of all sectors to convene and and discuss ideas, from the biggest banks [...]
TikTok algorithm drives teens to dangerous content says new study December 15, 2022 TikTok’s algorithms drive young people towards self-harm and eating disorder content within minutes, new research suggests. According to a study from the Centre for Countering Digital Hate (CCDH), the video-sharing app is rife with dangerous content, including restrictive diets, suicide and self harm. The campaign group found one youth account was shown suicide content within [...]
70 per cent of Brits have better internet than last year according to Ofcom December 15, 2022 Ofcom’s latest report shows that nearly 70 per cent of the UK is covered by gigabit-capable broadband. This is an improvement from 2021 when only 47 per cent of the UK was covered by fast internet, with at least 12m homes now connected to full fibre broadband. The report on the UK’s digital infrastructure showed [...]
18-year-old Brit arrested in international raid on hacker-for-hire sites December 15, 2022 An 18-year-old in Devon has been arrested by the UK’s National Crime Agency (NCA) following a series of international raids on DDoS-for-hire websites. The international operation – dubbed Operation PowerOFF – saw the FBI, NCA, Europol, and Netherlands Police shut down 48 of the world’s most popular DDoS-for-hire sites. DDoS-for-hire sites – also known as [...]
Publishers’ digital revenue on way up despite despite inflationary pressure December 15, 2022 Digital revenue is on the way up as recruitment sites lead the way for online growth. A new report from the Association of Online Publishers (AOP) and Deloitte found total digital revenue for the third quarter of this year was up by 2.7 per cent from last year to £153.5m. Recruitment sites continued to see the strongest [...]
JP Morgan raises China growth forecasts as country braces for Covid-19 spike December 15, 2022 JP Morgan has hiked its growth forecasts for China, after the sudden removal of its ‘zero-Covid’ laws paves the way for a brighter economy. The US bank now expects China’s gross domestic product (GDP) to grow by 30 basis points to 4.3 per cent next year. “The most important development in the past month is [...]