Minister criticised for saying people should ‘work more hours or move to a better paid job’ to cope with cost of living crisis May 16, 2022 The government’s safeguarding minister has come in for sharp criticism after saying people struggling with the cost of living crisis should “work more hours” or get a “better paid job.” Rachel Maclean said there were way households could “protect themselves” from rising inflation and pressures on their budgets, while appearing on Sky News this morning. [...]
1 Minute Market Rundown – 16th May 2022 May 16, 2022 | City Talk Trade the ExtremesUSD on the Rise AgainCrypto Unable to Sustain a RallyDeleveraging Continues Whilst Friday the 13th is unlucky for some it wasn’t the case for equity bulls. Last week had seen markets get battered, especially crypto, as it seemed no one had a positive outlook on the economy. We have been saying for a [...]
Made.com slashes 2022 outlook amid ‘tough trading environment’ May 16, 2022 Lifestyle brand Made.com lowered its expectations for the rest of 2022, with both gross sales and revenue expected to drop 15 per cent and seven per cent respectively.
Crypto crash: Sharp falls will increase calls for regulation, say analysts May 15, 2022 BITCOIN remained some 30 per cent down on the year last night as the crypto crash which saw a host of ‘coins’ drop significantly in value at the back end of the week showed no signs of an immediate halt. The ethereum coin was trading around $2,000 over the weekend, having hit as high as [...]
Get ready for optimistic yellows – Gen Z has killed millennial pink May 15, 2022 Picture the scene: a pink wall, an emerald green armchair and the flailing arms of a palm tree. This is so many contemporary offices in London right now: ‘millennial pink’ and emerald green have, over the past decade, become iconised as the go-to colours of the millennial worker era. Until now. There is change in [...]
Eurovision: Ukraine victorious, United Kingdom comes second May 15, 2022 The United Kingdom had a remarkable showing at the Eurovision song contest, coming in second place and narrowly missing out to hot favourites Ukraine. Sam Ryder swept to the dramatic win with the jury, after his Spaceman track wowed the audience getting 283 points. His performance received the maximum 12 points from countries including Ukraine, [...]
Andrew Bailey faces House of Commons grilling amid cost of living crunch May 14, 2022 Bank of England Governor Andrew Bailey will face questions over his leadership on Monday following his policy towards the cost of living crunch.
UAE’s Etisalat nabs 9.8 per cent stake in Vodafone as pressure mounts for consolidation May 14, 2022 Emirates Telecommunications Group, now known as e&, has acquired a 9.8 per cent stake in Vodafone for $4.4bn (£3.6bn), the companies confirmed this morning.
Government confirms BBC licence fee exemption and UK-wide big screens for Platinum Jubilee May 14, 2022 The government has confirmed that big screens will be set up outdoors in London, Edinburgh and Cardiff so that people can come together to celebrate The Queen’s Platinum Jubilee next month.
Big Tech cuts jobs as market caps suffer May 14, 2022 Big Tech companies have been forced to cut jobs as market caps continue to be slashed as momentum slows.