IT industry is ‘recession-proof’ as businesses look to cut costs October 20, 2022 The IT industry is “recession-proof”, according to a top analyst at market research giant Gartner, despite economic downturns pushing businesses to trim costs. Global spending on IT, which includes software, devices, communications services and data centres, is forecast to total $4.6 trillion in 2023 – a jump of more than five per cent in comparison [...]
Boris Johnson expected to run in the Tory leadership contest October 20, 2022 Boris Johnson is expected to stand in the Tory leadership contest next week, with sources close to him saying he thinks it’s in the “national interest” for him to run. The Times is reporting that Johnson’s allies are taking soundings within the Tory parliamentary party and that he will likely put himself forward as a [...]
London Business School looks to buck SME downturn with incubator programme October 20, 2022 London Business School has tipped a wellness startup and postnatal depression firm as among the Capital’s most promising startups today as it looks to provide a platform for growth at a troubling time for the Capital's smaller firms.
It’s done: Liz Truss resigns as UK Prime Minister October 20, 2022 Liz Truss has announced her resignation as UK Prime Minister and will become this country’s shortest-ever serving leader. It comes after a sensational collapse of confidence in her premiership from within the Tory party, after her mini-Budget tanked financial markets, she sacked two senior cabinet ministers and she U-turned on her entire economic platform. Truss [...]
Government committee launches inquiry to regulate AI in the UK October 20, 2022 A government Committee has launched an inquiry into artificial intelligence in a bid to regulate it as it become an increasingly appealing avenue for businesses. “AI is already transforming almost every area of research and business. It has extraordinary potential but there are concerns about how the existing regulatory system is suited to a world [...]
The blockchain virtual machine protecting itself from Orwellian CBDCs October 20, 2022 Dr Chris Kacher hails the value of blockchain and the metaverse, but gives both barrels to the notion of CBDCs.
Exclusive: West End bounces back with rush for fresh office space October 20, 2022 The West End has come roaring back to life after firms committed 1.2m sq ft of office space in the third quarter. A race for space is also heating up, with the post-pandemic renaissance of the capital’s shopping heartland seeing prime rents for offices soar 6.5 per cent in the past year, data from Knight [...]
BREAKING: Truss to make statement at 1.30 as Tory MPs call for her to go October 20, 2022 Liz Truss will make a statement at 1.30pm, with speculation raging that she could announce her resignation as Prime Minister. The statement comes after a morning of fevered speculation about her future, less than two months after entering Number 10. Sixteen Conservative MPs have now publicly called for the Prime Minister to resign with many [...]
Binance lands another regulatory approval in Europe with crypto asset registration in Cyprus October 20, 2022 Binance has been granted its fourth regulatory approval in Europe with a Crypto Asset Services Provider (CASP) registration in Cyprus.
Bank of England’s Broadbent urges markets to curb rate expectations October 20, 2022 One of the Bank of England’s top officials has today warned markets not to get carried away with the number of rate rises coming down the line. Ben Broadbent, a member of the monetary policy committee (MPC) and a deputy governor at the Bank, said Threadneedle Street’s internal calculations worked out the response to the [...]
