US inflation eases for seventh straight month but pace of decline loses momentum in headache for Fed February 14, 2023 US inflation eased for the seventh month in a row in January, but the pace of decline is beginning to level off, official figures out today reveal. The pace of price increases in the world’s largest economy on an annual basis fell to 6.4 per cent, down from 6.5 per cent, according to the US [...]
No layoffs for Arm as it expands UK workforce to meet rising chip demand February 14, 2023 Chip designer Arm has bucked the trend of tech companies cutting jobs, after it confirmed that it will grow its UK workforce in order to meet the rising demand for chips. The British firm plans to hire 500 new employees, with 350 of the roles spread across Cambridge, Manchester, Warwick, and Sheffield. In response to [...]
Russia rejects Moldova President’s claim of plot to overthrow her government as Ukraine war anniversary nears February 14, 2023 Russia angrily rejected the Moldovan president’s claims about an alleged plot by Moscow to overthrow her government and accused Moldovan authorities of trying to distract public attention away from the country’s own domestic problems. Moldova’s President Maia Sandu said that the purported Russian plot envisioned attacks on government buildings, hostage-takings and other violent actions by [...]
Lawsuits related to cryptocurrency in US almost double in a year February 14, 2023 Lawsuits involving cryptocurrency disputes in the US increased by almost fifty per cent throughout 2022, a new study has revealed.
IBM finds the cost of training could scupper UK’s drive to become a ‘science superpower’ February 14, 2023 The cost of training for a scientific or technology-related career is seen as the number one concern of UK students, job applicants and career changers, a survey commissioned by IBM has revealed. IBM found that job seekers who were eyeing up roles in science and tech areas saw the necessary training as unaffordable. The global [...]
Affordable homes: London targets not being met despite 50 per cent rise in construction projects, claim Tories February 14, 2023 London mayor Sadiq Khan has been criticised for being behind on building targets for affordable homes, despite new construction projects increasing on last year. City Hall says 900 more affordable homes were completed in the financial year to December 2022 than in the same period last year, a rise of 50 per cent. But Tory [...]
Leap in business insolvencies as ‘tough start’ to 2023 leads to 52 per cent surge in compulsory liquidations February 14, 2023 Corporate insolvencies rose seven per cent year-on-year in January 2023 with the number of compulsory liquidations up over 50 per cent, according to figures released today. The Insolvency Service said 1,671 companies went insolvent in January 2023, a seven per cent rise on the same month the previous year and 11 per cent when compared [...]
Woodside Energy books £3.6bn depreciation expense February 14, 2023 Australia's Woodside Energy Group will book a nearly £3.6bn expense this year, after changes in its asset depreciation calculation.
Institutions will continue to back blockchain February 14, 2023 The crypto world has been forcibly thrust into a renewed need for maturity, and institutions aren't phased by volatility, says Norman Wooding.
Inflation erodes UK real pay rapidly despite record wage increases as 137,000 Brits return to workforce February 14, 2023 UK take home pay is falling at one of the fastest paces since records began over two decades ago despite wage growth racing ahead at the quickest rate outside the pandemic, official figures out today reveal. Real pay fell 4.3 per cent over the three months to December last year when using the consumer price [...]
