Japan to release Fukushima water into ocean despite China backlash August 22, 2023 Japan announced today it will start releasing into the sea more than one million metric tons of treated radioactive water from Fukushima.
Will Microsoft and Activision Blizzard finally get the green light? August 22, 2023 Britain’s competition watchdog faces a tough call on whether to wave through Microsoft and Activision Blizzard’s merger as the EU and the US have done, but a green light could be down the road, experts have suggested. Microsoft’s renewed $69bn acquisition offer for gaming giant Activision Blizzard has triggered a new probe by the Competition [...]
Trade bodies warn Bank of England economic data ignores small business fears August 22, 2023 The proportion of businesses that will struggle to pay back debts due to rising interest rates could increase to the highest level since the financial crisis, the Bank of England has warned. In a blog post published today, the central bank said the proportion of firms that are seeing debt-servicing distress is projected to increase [...]
Twitter owner Elon Musk to be invited to government investment summit August 22, 2023 Twitter owner Elon Musk is among top business leaders expected to be invited to Rishi Sunak’s global investment summit this autumn. Tesla boss Musk – who recently bought and renamed Twitter as X – is among figures including Amazon founder Jeff Bezos who officials are keen to see attend the summit, according to Sky News. [...]
Storm in a teacup? Tetley Tea crisis averted as workers accept pay deal August 22, 2023 Workers at Tetley Tea have voted to accept a pay deal that means a potential shortage of one of Britain’s favourite teas has been avoided. The new offer, accepted by the 200 odd workers, consists of a seven per cent pay rise backdated to 1 April 2023. This represents a significant increase on the 4.25 [...]
Getir to slash 2,500 job roles as demand for delivery fades August 22, 2023 Grocery order service Getir will slash 2,500 jobs from its global workforce, in the latest signal that demand for rapidly delivered goods is dwindling. The startup has said it is cutting 10 per cent of its 23,000 strong workforce across the UK, Netherlands, Germany, the US and its homeland of Turkey. In recent months the [...]
Ryanair accused of ‘besmirching’ online travel agents as bitter feud rumbles on August 22, 2023 Ryanair has been accused of “besmirching” online travel businesses with “aggressive anti-competition marketing campaigns” as a long-running dispute between the digital platforms and the airline rumbles on. Earlier this week, the Dublin-based carrier said that online travel agents (OTAs) were “misleading” passengers with “clickbait to lure customers in before hitting them with hidden mark-ups”. A [...]
Coinpass acquired by OANDA August 22, 2023 OANDA Global Corporation has acquired a majority interest in London-based crypto asset firm Coinpass Limited.
UK downplays reports of ‘imminent’ India trade deal ahead of G20 summit August 22, 2023 The UK has downplayed reports that a trade deal with India is “imminent” ahead of the G20 summit in Delhi next month. Some reports in the Indian press suggested that a deal could be agreed as early as September. Prime ministers Rishi Sunak and Narendra Modi are expected to meet at the G20 conference, with [...]
Pubs push on with demand to loosen licensing laws after World Cup sales boost August 22, 2023 Pubs are continuing with their demands to amend the country’s licensing laws to permit them to sell alcohol earlier in the day on special occasions. Calls to change the law were ignited in the run up to the Women’s World Cup final. Typically, trading laws only prohibit pubs from pouring drinks from 11:00am, so many [...]
