Exclusive: Deliveroo injects £2.5m into subsidising cost of eco-friendly packaging for small restaurants October 28, 2022 Deliveroo is pumping £2.5m into subsidising the cost of eco-friendly packaging for its smaller restaurant partners. Restaurant partners will receive a 50 per cent subsidy on the cost of sustainable packaging, the delivery firm told CityA.M. on Friday. The scheme will cover any item that is home-compostable or made from recyclable paper, cardboard, or recycled [...]
‘You need to try harder’: Sunak confronted by patient over nurses’ pay October 28, 2022 Rishi Sunak has been called out over nurses’ pay during a visit to a south London hospital this afternoon. In a visit to Croydon Hospital, the prime minister was confronted by 77-year-old Catherine Poole, a patient, who said it was a “pity you don’t pay them more” in reference to the surrounding nurses. Sunak replied [...]
‘The bird is free’: Elon Musk’s $44bn Twitter takeover gets mixed reaction October 28, 2022 After months of uncertainty, the world’s richest man, Elon Musk, finally completed his $44bn takeover of Twitter. The billionaire entrepreneur announced the long-awaited deal, tweeting this morning: “The bird is free”. The owner of Tesla made a dramatic entrance to the company’s San Fransisco HQ on Wednesday evening carrying a porcelain basin, tweeting: “let that [...]
Blind people amongst those worst affected by cost of living crisis October 28, 2022 The Royal National Institute of the Blind (RNIB) conducted a survey recently, asking 125 blind and visually impaired individuals to explain how the cost of living crisis was affecting them. The cost of living crisis has become a focal point for the government and a point of concern for the public in recent months. Soaring [...]
Ex Fed official says Bank of England ‘contributed to the Truss govt’s demise’ October 28, 2022 A top former official with the US Federal Reserve has claimed the Bank of England ousted Liz Truss. Narayana Kocherlakota, the ex president of the Federal Reserve Bank of Minneapolis, made his comments in a piece for Bloomberg this week. This comes after Truss left office following weeks of chaos in UK financial markets sparked [...]
Nearly 28,000 Brits enter insolvency as economic crunch hits October 28, 2022 Almost 28,000 personal insolvencies were recorded over the past three months as Britons come under pressure from the soaring cost-of-living, according to official figures. The Insolvency Service confirmed on Friday that it has also seen a rise in registrations from people seeking breathing space from debts. The new data showed that 27,927 individual insolvencies were [...]
The torrid week for tech continues as Amazon sheds £175bn October 28, 2022 The torrid week for tech continued last night, with Amazon leaving investors bewildered and Apple somehow defying the trend of its Silicon Valley cousins. Amazon shares tumbled as much as 18 per cent on Thursday night, wiping $202bn (£175bn) off its valuation. The major sell-off came after the e-commerce giant warned against weaker consumer spending [...]
Planet Crypto: Michelangelo to burn artwork, mint NFTs instead October 28, 2022 After chatting with Damien Hirst about burning NFTs, the Planet Crypto team meet Michelangelo - it's all a bit of fun!
Inflation warning from AA as diesel goes above 190p-a-litre, petrol back over 165p October 28, 2022 Diesel is back above 190p a litre for the first time since August, with the AA issuing an inflation warning. Fuel costs have increased in the last 24 hours, with Diesel going up to 190.12p a litre, having fallen to 180.1p in late September. The AA’s regular fuel report said the 10p-a-litre rise adds £8 [...]
‘Quicker and easier’ journeys at Bank as TfL unveils new interchange route October 28, 2022 TfL has unveiled a new interchange route at Bank station, which is set to make journeys “quicker and easier” for thousands of commuters walking between the Northern and Central lines. The public body has added two new 100-metre moving walkways and three new escalators just two weeks after unveiling more escalators between the Northern line [...]
