Oil prices collapse to February lows amid growing fears of global recession August 8, 2022 Fears of a worldwide recession and weakened demand for oil continues to weigh down prices on both major benchmarks.
Thousands of Londoners will not get post until after 6pm following Royal Mail redesign August 8, 2022 Thousands of people across the UK may be waiting until after 5pm to get their post under the Royal Mail’s new proposals. Hundreds of areas in the country could be affected, with London, Cornwall, Wales, and Scotland having post delivered by 6pm or later as the postal service looks to push back deliveries until later [...]
Crypto markets lifted by strong US jobs report with Bitcoin, Ethereum and Cardano up five per cent August 8, 2022 The price of Bitcoin stands at more than $24,000 this morning - up almost five per cent over the past 24 hours.
UK hotel prices through the roof as demand for rooms soars with daily rates and occupancy skyrocketing August 8, 2022 A surge in demand for hotel rooms across the UK is increasingly pushing up daily rates for rooms. As a result, most hotel businesses see their revenues skyrocketing. Occupancy levels in the UK rose 10 per cent from the first quarter of this year to 80 per cent in the second quarter, BNP Paribas Real [...]
Big Four switch: Alliance Pharma hires Deloitte as its new auditor after KPMG resigns August 8, 2022 Alliance Pharma has appointed Big Four giant Deloitte as auditor after the pharmaceutical company’s go-to for six years KMPG resigned. Deloitte will be the company’s auditor until the end of 2022 and will need to be approved by Alliance Pharma’s shareholders to be re-appointed for 2023. It was appointed following a tender process, which KPMG [...]
Global money transfers surged 60 per cent over the last decade to £538bn in the past year August 8, 2022 Global money transfers reached $653bn (£538bn) in the past year, a rise of 60 per cent over the last 10 years as economic trouble hits countries. Research by remittance provider ACE Money Transfer said the rise began as the world recovered from 2008’s global financial crisis in 2011-2012, with remittances important in aiding developing countries [...]
Andermatt in the Swiss Alps is gorgeous in summer August 6, 2022 THE WEEKEND: Ask any sweaty, AC-deprived Londoner during the recent heatwave, and they’ll tell you that the city is no place to spend summer. It’s no surprise then that during warmer months, the average Swiss city-dweller will flee to the cool of the nearby mountains whenever they get the chance. The postcard-pretty Alpine enclave of [...]
Crypto firms spend £1.9bn on sports sponsorships as they rack up advertising expenditure August 5, 2022 Crypto companies have spent $2.4bn (£1.9bn) globally over the last year and a half on sports sponsorships as they splurge on marketing. Major crypto firms have signed deals with big athletes, sporting franchises, and leagues as they seek to rival the marketing prowess of non-crypto brands, according to Bloomberg. Crypto exchange Binance has signed with [...]
Crypto firm puts out 10 per cent bounty for stolen funds after £157m vanishes August 5, 2022 Crypto firm Nomad announce today a 10 per cent bounty for the $190m (£157m) stolen funds it lost in a hack this week. The company said it would give the bounty to hackers who return at least 90 per cent of the funds and will consider them to be “white hats”, meaning Nomad would not [...]
Empty offices due to hybrid work cost 9 in 10 businesses in London around £190,000 per year August 5, 2022 The poor use of physical office space – as a result of the increased uptake of hybrid working – costs 88 per cent of all London businesses around £190,000 on average per year. London businesses whose employees work in the office two to three days per week are taking a big financial hit by leaving [...]