Tesla shares plunge following Musk’s Twitter takeover, with $97bn wiped off valuation April 26, 2022 Tesla’s shares plunged 11 per cent today less than a day after chief executive Elon Musk snatched Twitter for $44bn. Twitter’s takeover wiped off $97bn off of Tesla’s valuation after Musk secured a $12.5bn loan against his share in the automotive giant, the Financial Times reported. The extravagant entrepreneur said he will fund the acquisition [...]
UK flirting dangerously close with recession this year, economists warn April 26, 2022 The UK economy is flirting dangerously close with falling into recession this year as a result of inflation dealing a heavy blow to households and businesses. That’s according to a slate of gloomy forecasts from some of the City’s top economists. Elevated food, energy and core goods prices will send inflation to a peak of [...]
Number 10 says Elon Musk must ‘protect users’ after Twitter buyout April 26, 2022 Downing Street has said that Twitter must continue to “protect consumers” after Elon Musk’s impending buyout of the social media giant. Boris Johnon’s spokesman today told journalists that “it is too early to say what if any changes will be made to how Twitter operates”, but that “all social media platforms must be responsible”. Twitter’s [...]
Boris Johnson hints at childcare announcement as PM will chair new committee to tackle raging cost of living crisis April 26, 2022 Boris Johnson will chair a committee to tackle the cost of living crisis in the coming weeks, Downing Street said. One of the announcements will most likely include a childcare measure. The Prime Minister’s official spokesman said: “The Prime Minister will chair a domestic and economic strategy committee in the coming weeks to finalise the [...]
HSBC profits slide on looming inflation default wave April 26, 2022 A deterioration in borrowers’ credit worthiness caused by a historic cost of living squeeze prompted Britain’s biggest lender HSBC to set aside millions of pounds to deal with a rise in defaults. The bank, which sources a large proportion of its profits from China and Asia, banked $600m (£470m) in reserves to cope with a [...]
Amazon faces tide of stateside union action alongside Starbucks and Apple  April 25, 2022 Amazon workers are gearing up to unionise in a second US warehouse, as big name brands continue to feel the sting of impending collective action stateside.
Heart and Seoul in South Korea, as the nation reopens for tourism April 25, 2022 The baby octopus floats in its tank, blissfully ignorant, until, all too soon, its time comes. The tiny, wrinkled old woman, who, I later learn, has been manning this particular food stall in Seoul’s colourful, noisy, aromatic Gwangjang market for over thirty-two years, yanks it out unceremoniously and whacks it down onto the steel surface. [...]
Gray report into partygate could be so bad PM is forced to quit April 25, 2022 Sue Gray’s report into the partygate scandal could be so bad that Boris Johnson is forced to resign, according to new speculation. The Times reports that officials in Number 10 are expecting Gray’s report to be “excoriating” and “incredibly difficult for the Prime Minister”. The full release of Gray’s report into the many allegations of [...]
Theresa May pockets more than £400,000 for just six talks as former PM hits the US lecture circuit April 25, 2022 Former Prime Minister Theresa May collected more than £400,000 for just six speeches. The MP recorded last week in the Register of Member’s Interests that she raked in £404,080 for six speeches she gave in the United States. The work, which costs her about 40 hours in total, so one full work week, was carried [...]
Amazon customers face higher prices for products as retail giant brings in fuel and inflation levy April 25, 2022 Consumers could be hit with higher prices for Amazon products, after the retail giant announced it will impose a new levy on sellers.