Warner Bros Discovery said scrapping content could cost over £2bn October 25, 2022 Warner Bros Discovery said that charges associated with cutting content could reach $2.5bn (£2.2bn), as the media giant continues down its cost-saving path. According to a security filing posted on Monday, the merged firm said restructuring costs could total up to $4.3bn through 2024, including between $2bn and $2.5bn in “strategic content programming assessments”. It [...]
Adidas terminates Kanye West’s Yeezy brand over antisemitic comments October 25, 2022 Adidas has terminated a multi-billion pound deal with music superstar Kanye West over antisemitic comments he made. The iconic German sports and fashion brand issued a statement today ending his ‘Yeezy’ brand, after the artist said he couldn’t be dropped. This comes after West, who officially changed his name to ‘Ye’, had his Twitter account [...]
UK must ensure it’s world’s ‘safest place to do business,’ City of London police boss says October 25, 2022 The UK must protect itself against fraud and cybercrime to ensure it is the “safest place to do business in the world,” the head of the City of London police’s authority board said. The chair of the City of London police authority board James Thompson said ensuring businesses and customers are protected is “vital” to [...]
Europe to stave off blackouts this winter if it avoids more “surprises” October 25, 2022 Europe should avoid blackouts this winter unless they are more "surprises", predicts the International Energy Agency.
From soldier fly farms to making crypto ‘not feel like crypto’ October 25, 2022 Remi Tuyaerts of Alluo Finance meets Jillian Godsil to discuss growing mushrooms and making crypto 'appeal to the average Joe'.
Insurance sector’s hard-nosed approach sees surge in High Court battles October 25, 2022 A hard-nosed approach towards paying out on policies, particularly in relation to Covid-19 business interruption claims, has led to a surge in lawsuits being filed against the UK’s insurers, new research shows. The number of High Court lawsuits filed against insurance companies more than tripled between 2017 and 2021, as policyholders increasingly resorted to legal [...]
BlackRock raises £4bn for new climate fund amid fossil fuel criticism October 25, 2022 BlackRock said it had raised $4.5bn for a new climate infrastructure fund today as it looks to ramp up investment in the net zero transition amid criticism of its decision to continue backing oil and gas firms.
Pendragon expects vehicle shortfall to spill into 2023 as profit slumps October 25, 2022 Pendragon expects current vehicle shortfalls to spill into 2023, as its profit slumped by 41 per cent. In the three months ended 30 September, the UK dealer’s underlying profit before tax was £14.7m – down on last year’s £25.1m – due to the impact of inflation and rising interest rates. Used car volumes were slumping [...]
Apple ups prices for music and TV for first time ever October 25, 2022 Apple has hiked its prices for its music and TV services for the first time ever this week, perhaps signalling things to come for its biggest streaming rivals. The tech giant said it would be increasing the price of Apple Music globally by $1 to $10.99, and breaking away from the standard ‘9.99’ price level [...]
Rishi Sunak: I will fix Truss ‘mistakes’ and win trust of the UK October 25, 2022 The UK’s new Prime Minister Rishi Sunak has vowed to fix the “mistakes” made by Liz Truss and to earn the trust of the British people after the past month of chaos. Sunak said outside Number 10 that the country was “facing a profound economic crisis”, but promised that “we will create a future worthy [...]
