Bank of England’s chief economist Pill sees more rate hikes down the line June 21, 2022 Further rate hikes will be needed to tame the worst inflation crunch in a generation, the Bank of England’s top wonk said today. Huw Pill, who succeeded Andy Haldane as the Bank’s chief economist last September, said at an Institute of Chartered Accountants in England and Wales event that in his view, getting inflation back [...]
Union rejects Rolls Royce’s £2k one-off ‘cost of living’ payment to workers June 21, 2022 A union representing Rolls Royce workers has snubbed the offer of a £2,000 one-off payment from the firm to help ease the cost of living crunch on staff.
BNPL set to hit $607bn by 2026 despite regulatory scrutiny, analysts predict June 21, 2022 The global buy-now pay-later credit market will swell to $607bn by 2026 despite increased regulatory scrutiny of the sector, analysts have predicted.
Ed Sheeran and co-songwriters handed £900k in legal costs for Shape Of You copyright win June 21, 2022 Ed Sheeran and two songwriting partners were handed more than £900,000 in legal costs after winning a High Court copyright case over accusations that he ripped off other artists for his 2017 hit Shape of You. Sheeran was involved in the 11-day trial with two songwriters Sami Chokri and Ross O’Donoghue who claimed that he [...]
Aviation leaders optimistic about future of industry June 21, 2022 The aviation industry is set to recover soon from ongoing labour shortage and travel chaos issues, according to aviation leaders. Willie Walsh – former boss of BA’s parent company IAG and now at the helm of the International Air Transport Association (IATA) – argued that while some airlines will need to adjust capacity forecasts, not [...]
KPMG strikes deal with Cambridge University to study workplace wellbeing June 21, 2022 KPMG has struck a deal with Cambridge University to let researchers come into the Big Four firm to study the impacts of its mental wellbeing initiatives. The Big Four accountancy firm’s partnership will see Cambridge University researchers allowed into the company to study workplace wellbeing – with a view to developing strategies to boost productivity, [...]
Twitter board ‘unanimously’ recommends Elon Musk takeover June 21, 2022 Twitter’s board has unanimously recommended shareholders approve Elon Musk’s $44bn takeover, despite a rocky few months of discussions. The news comes after Musk met with Twitter employees last week at the company all-hands, and reasserted his desire to snap up the firm. According to a regulatory filing to the US Securities and Exchange Commission on Tuesday, Twitter’s board [...]
Renewed concern over Monkeypox as UK cases surge by 220 since Friday to 793 June 21, 2022 The number of Monkeypox cases in the UK is approaching 800, with a huge spike in recent days forcing health authorities to change their reporting methods. Between 6 May to 20 June of this year, there were 793 cases detected across the UK, with 766 in England. The new figure represents a major increase, up [...]
UK locks down amid largest rail strike in 30 years – Millions face disruption – Retail footfall slumps June 21, 2022 Train and London tube passengers continue to face travel chaos due to the biggest strike by rail workers for a generation. Brits are urged to work and stay at home today, as road congestion is widely expected. Bolt crashed earlier this morning following a surge in both demand and prices, while the National Rail Enquiries [...]
UK firms risk hamstringing FCA with information overload, former top official warns June 21, 2022 UK firms risk hampering decision making at the City’s top regulator by overloading it with unnecessary information, a former top Financial Conduct Authority official has warned.