UK rips up state guarantees on nearly £1bn of Covid loans November 1, 2023 The UK government has scrapped guarantees on nearly £1bn of bank loans handed out to ailing businesses during the Covid-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid.
US labour market resilient as another ‘hawkish’ Fed rate pause looks nailed on November 1, 2023 The US labour market remains resilient despite the US Federal Reserve’s aggressive bout of monetary tightening, new figures out today suggest. According to the Bureau of Labor Statistics’ JOLTS survey, there were 9.6m job openings on the last day in September – little changed from the month before and ahead of the market consensus of [...]
Crypto friendly Xapo Bank launches stocks investment feature November 1, 2023 Xapo Bank has today launched a stocks investment feature within the new ‘Wealth’ section of its mobile app.
Gender pay gap barely budges in past year while wage growth reaches record annual levels November 1, 2023 The gender pay gap for full-time workers has barely changed over the past year, new figures suggest.
Gimme! Gimme! Gimme! AI after midnight: Firm behind London ABBA Voyage in £8.1m tech swoop November 1, 2023 Oxford Metrics, the firm and technology used for ABBA Voyage, has today announced it has entered into a £8.1m acquisition agreement for AI software company Industrial Vision Systems (IVS). IVS is known for its automated quality control systems used across various industries and will be a “good strategic fit,” Oxford Metrics said. The group, whose [...]
Why are some of London’s wealthiest business owners protesting? November 1, 2023 Some of London’s most high profile retailers and business owners took to the streets of luxury shopping district Savile Row this morning.
Airline shares have started to slide – is this the end of the great rebound? November 1, 2023 Airline shares have flown high this year after record demand for travel swept across the sector over summer. But cracks are starting to show.
Who are the billionaires battling for the Telegraph and Spectator? November 1, 2023 The auction for both the Telegraph Media Group (TMG) and Spectator is underway, drawing the attention of a host of eager bidders. But regulatory hurdles could thwart some potential suiters.
Oil prices rise ahead of US interest rate decision November 1, 2023 Oil prices climbed more than one per cent today as investors await the latest interest rate decision from the US Federal Reserve.
Orsted shares tank after halting two major US wind farms November 1, 2023 Orsted has halted two new offshore wind projects in the US as weighs up its energy portfolio - scaling down its American ambitions.
