Twitter could face user exodus and flat revenue following Musk changes December 13, 2022 Twitter could see a mass exodus of users and flat revenue if Elon Musk continues with his revamp, a new report has said. Market research firm Insider Intelligence said staffing cuts will make it more difficult to push new products and boost engagement. “Users will start to leave the platform next year as they grow [...]
Bankruptcy specialists prepare for boom as economic headwinds hit UK firms December 13, 2022 Corporate restructuring specialists Begbies Traynor and FRP Advisory are expecting a boom in demand for their services in the oncoming economic slump. The advisory businesses are expecting to profit from a surge in insolvencies as worsening economic headwinds start sinking more UK firms. Begbies Traynor’s executive chairman Ric Traynor told City A.M. the consultancy stands [...]
Utilita agrees to pay £830,000 after Ofgem uncovers customer support failure December 13, 2022 Utilita Energy has agreed to pay out £830,000 after Ofgem determined the supplier was not supporting all its customers properly.
Suppliers hit with £2bn debt heading into winter, predicts Cornwall Insight December 13, 2022 Domestic energy suppliers could be exposed to nearly £2bn of debt. warns energy specialist Cornwall Insight.
Sir Richard Branson: No new investment in Brexit Britain December 13, 2022 Sir Richard Branson has ruled out investing new cash in the UK for the foreseeable future, claiming the economy has been hamstrung by trade barriers and “red tape” brought on by Brexit.
Nuclear fusion: Scientists announce breakthrough that ‘paves way’ for clean energy December 13, 2022 US scientists have announced an historic achievement which could “pave the way” for clean power through nuclear fusion ignition. Calling it a “major scientific breakthrough” the experts at Lawrence Livermore National Laboratory (LLNL) conducted the first ever controlled fusion experiment in history. The experiment, which took place on 5 December, involved getting more energy out [...]
Bank of England calls for tighter rules on LDI market after mini-budget chaos December 13, 2022 Tighter oversight of the pensions industry is needed to ensure it can “withstand severe but plausible market moves” similar in size to those seen in the aftermath of Liz Truss’s disastrous mini-budget in September, the Bank of England said today. The recommendation from the Bank’s financial policy committee (FPC) has been sparked by concerns over [...]
Bankman-Fried charged with money laundering in eight further counts from US prosecutors December 13, 2022 Sam Bankman-Fried has been hit by a slew of further charges from US prosecutors today including wire fraud, conspiracy to commit money laundering and campaign finance violations, according to reports. The fresh charges follow claims of fraud from US regulators earlier today that the disgraced former billionaire misled investors and pumped customers’ cash into specialitive [...]
Europe’s largest life sciences laboratory gets one step closer to landing in London December 13, 2022 Planning permission for Europe’s largest laboratory has been submitted today, as London patiently awaits a boost to its life sciences sector. The Canary Wharf Group and Kadans Science Partner, which builds science facilities, have submitted their planning application for the 23-storey tower, which was first announced in March. The pair are reportedly expected to fork [...]
US inflation falls quicker than expected nailing on slow down from Federal Reserve December 13, 2022 US inflation fell again last month to its lowest level since the end of 2021 in another sign this year’s price surge in the world’s biggest economy has passed its peak, official figures out today reveal. Consumer prices climbed 7.1 per cent over the last year to November across the pond, down from a rate [...]
