Bitcoin price dips below $30k while crypto becomes part of the conversation in Davos May 24, 2022 The Bitcoin price continues to hover around $30k, having fallen around three per cent over the past 24 hours to $29,400 this morning.
Ford Focus ST M365 by Mountune review: the RS kicker May 24, 2022 Saddened by the lack of a new Ford Focus RS? Mountune’s ballistic 365hp Focus ST should help fill the void, says Tim Pitt.
UK to prioritise safety critical goods if rail strikes impact the whole network May 24, 2022 The UK will prioritise safety critical goods – including food and products needed for the energy and construction industries – if the rail strikes go ahead and disrupt the wider network. The government could be forced to reduce passenger services to make way for freight, causing significant disruption to travellers. “We will have to prioritise [...]
UK economic headwinds cast shadow over Sunak’s cost of living support package May 24, 2022 A slowing UK economy will heap more pressure on the country’s finances, casting doubt over the scale of support chancellor Rishi Sunak will launch to help households through the cost of living crunch. That’s according to economists’ assessments of fresh borrowing figures published today by the Office for National Statistics (ONS). A combination of rising [...]
Wagamama owner warns of ‘volatile market’ as food and drink inflation surpasses expectations May 24, 2022 The owner of Wagamama has warned food and drink inflation is anticipated to be as high as 10 per cent this year, higher than earlier estimations. In a trading update ahead of its AGM, The Restaurant Group (TRG) said its cost pressures had been exacerbated by the war in Ukraine. Food and drink inflation was [...]
Snapchat’s shares slump as chief exec warns against revenue and hiring slowdown May 24, 2022 Snapchat has warned it would be slowing its hiring process, warning investors that revenue would slow in the coming months, hitting the low-end of estimates.
Geopolitical shock: regime change in inflation and monetary policy May 24, 2022 Globalisation is besieged on multiple fronts. Two years after the outbreak of the Covid-19 pandemic and amid growing geopolitical unrest, the decades-long disinflationary headwind has reversed. Many multinationals have taken steps to address the disruptions to their ultimately brittle global value chains. These companies are re-orienting to prioritise availability over cost-optimisation. This process manifests in [...]
Say goodbye to signs as Ford trials geofencing to set automatic speeding limits May 24, 2022 Speed limit signs could soon be a thing of the past as US car maker Ford has announced it is trialling geofencing technology to set automatic limits for its cars. Geofencing uses GPS or RFID technology to delimit a virtual geographic boundary, allowing a software to trigger a specific response when a body enters the [...]
KPMG fined £3.4m over Rolls Royce audit failings May 24, 2022 Big four firm KPMG has been fined £3.4m over its audit of Rolls Royce. The company was slapped with the penalty by the financial regulator over its failings to address problems at the company in a 2010 audit. This is the fourth fine imposed on KPMG in 2022 according to the FT. The Financial Reporting [...]
Explainer-in-brief: A bill to fight off a dangerous global grain shortage May 24, 2022 This week, a bill to accelerate the manufacturing of genetically edited crops will be brought to Parliament. As the world faces a potential food crisis in the aftermath of Putin’s invasion of Ukraine, the government hopes the bill will allow it to shore up the country’s reserves of wheat. Genetically edited crops are more resistant [...]
