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      War propels UK inflation in new risk for interest rate hikes

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By: City A.M. Reporter

All 2878 Articles
  • Elon Musk: Gary Lineker takes aim at Twitter boss after son gets threatening messages

    March 14, 2023

    Gary Lineker has questioned Twitter owner Elon Musk after a threatening message was sent to his son in the wake of the sports presenter’s row with the BBC. The former footballer, who was reinstated as host of Match Of The Day (MOTD) on Monday, re-shared a private message which said his eldest son, George, should [...]

  • Silicon Valley Bank: US bosses sued for fraud as fallout from collapse begins

    March 14, 2023

    The parent company of Silicon Valley Bank and two of its top bosses are being sued by shareholders who have accused them of hiding the lender’s vulnerabilities to the effects of rising interest rates.

  • Ukraine war: Top UN officials host Russian envoys in bid to extend grain export deal

    March 13, 2023

    Senior UN officials have hosted Russian envoys in Geneva in a bid to extend an export agreement amid Moscow’s invasion of Ukraine and to prevent a potential new spike in world food prices. Despite being at war, Ukraine and Russia struck a deal last July that allows Ukraine – one of the world’s key breadbaskets [...]

  • The Dart: Luton Council defends expensive ticket for new light rail dubbed UK’s most expensive line

    March 13, 2023

    Luton Council has defended the cost to passengers of its new light rail shuttle service, amid claims it is the UK’s most expensive line. The Dart (direct air-rail transit) will launch commercial services between the Bedfordshire airport and Luton Airport Parkway – its nearest mainline railway station – in the coming weeks. One-way fares will [...]

  • Gary Lineker to return as host of Match of the Day: BBC apologises for ‘confusion by grey areas’

    March 13, 2023

    Match Of The Day host Gary Lineker will continue as a BBC presenter after the corporation apologised for a “difficult period for staff, contributors, presenters, and most importantly, our audiences”. A host of sports presenters and pundits pulled out of BBC shows at the weekend after the former England striker was told to step back [...]

  • Uber trialing free childcare in bid to coax parents to become drivers

    March 13, 2023

    Uber is trialling free childcare for drivers as part of efforts to encourage more parents of young children to sign up to the minicab app platform. The company announced it is offering 10 hours of free childcare for 1,000 of its UK drivers. Uber said its drivers on average earn £34 an hour in London [...]

  • Sunak says there’s ‘no chance’ of law change over Elgin Marbles as ex chancellor Osborne explores options

    March 13, 2023

    Rishi Sunak has said there are “no plans” to change a law which blocks the Elgin Marbles from being given to Greece. The Prime Minister said the UK had “cared for” the sculptures in the British Museum for generations and they were “shared with the world” at the London site. Athens has long demanded the [...]

  • HSBC buys Silicon Valley Bank UK for £1 in last-minute rescue for tech firms

    March 13, 2023

    HSBC has announced this morning it is buying the stricken UK arm of Silicon Valley Bank, providing a lifeline for tech firms who had feared losing access to their deposits. The global giant emerged as a ‘white knight’ late last evening – against competition from the Bank of London and an Abu Dhabi investment fund [...]

  • Silicon Valley Bank UK: What we know (and don’t know) on Monday morning

    March 13, 2023

    Silicon Valley Bank UK was put into insolvency last night – with expectations that government would step in before Monday’s market open now looking more unlikely. The bank’s accounts are effectively frozen, meaning that firms will be unable to access their deposits – possibly leaving them unable to pay bills or salaries. SVB UK’s parent [...]

  • Silicon Valley Bank UK: What we know (and what we don’t) on Sunday evening

    March 12, 2023

    The Bank of England is set to put Silicon Valley Bank UK into insolvency as soon as this evening – with tech champions warning that the bank’s collapse could be an extinction-level event for a host of UK firms. This story has been updated as of Monday morning The bank’s accounts are effectively frozen, meaning [...]

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