40,000 BT staff strike over pay: ‘We won’t have bosses use Swiss banks while workers use food banks’ August 30, 2022 Over 30,000 Openreach engineers and 10,000 BT call centre workers are staging a walkout today over pay, as the summer of strike action continues.
If Truss makes it to the top job, she’ll need a different tune to unite the party August 30, 2022 We are almost there. Only a week now remains of what has seemed an endless battle for the leadership of the Conservative Party. The result will be announced on the fifth of September and the winner will then become prime minister and begin to form an administration. At the moment, the received wisdom is that [...]
Fear is being weaponised against the good intentions of cryptocurrency August 29, 2022 Dr Chris Kacher explores how sowing the seeds of fear, uncertainty and doubt in different fields have a knock-on effect for cryptocurrency.
Unions plan to coordinate future strikes August 29, 2022 Trade unions are working on plans to coordinate strike action over the coming months, as workers from all sectors across the country go on strike in search of inflation-busting pay rises. A motion has been drafted for the upcoming TUC Congress that calls for a more joined-up approach to industrial action. The motion, which was [...]
FTSE Reshuffle: Abrdn head for trap-door from the FTSE 100 August 29, 2022 FUND MANAGER Abrdn is set to exit the FTSE 100 this week as part of a wider FTSE reshuffle. Shares in the asset manager have fallen just shy of 40 per cent since the turn of the year, with analysts blaming global uncertainty and economic troubles. “Huge geopolitical uncertainty, sky high inflation and worries about [...]
US senator is right… Bitcoin will be used as standard in retirement planning August 29, 2022 Crypto AM columnist Nigel Green defines the influences encouraging people to increase their exposure to cryptocurrency for retirement.
Sony snaps up Savage Game Studios in console pivot August 29, 2022 Sony has snapped up Savage Game Studios this morning as the company continues to pivot away from consoles.
Britishvolt £3.8bn gigafactory to push back production until mid-2025 August 29, 2022 Electric vehicle battery startup Britishvolt will not deliver any products from its £3.8bn gigafactory for another three years, its co-founder has said today. The gigafactory, which began construction last summer, had initially been anticipated to start battery production in late 2023. “The main facility will be delayed slightly into mid-2025,” former CEO Orral Nadjari told [...]
Bank of England may launch biggest rate hike since 1989 if energy bill support fuels inflation August 26, 2022 The Bank of England may have to launch the biggest rate hike since 1989 if the government injects huge sums of money into the economy to cope with the cost of living crisis, a Wall Street bank said today. Borrowing costs could rise 75 basis points in November to deal with a historic inflation peak [...]
UK businesses will disappear without immediate government help, CBI warns August 26, 2022 UK businesses will “tip into distress” unless the government launches an emergency support package to deal with the cost of living crisis, the country’s biggest business group has warned. Some 69 per cent of firms expect to be hit by higher energy costs over the next three months, eating into their capacity to survive, according [...]