Over half of money managers bet on global recession this year August 16, 2022 Over half of investors are fretting over the global economy tumbling into recession this year, new figures released today show. Some 58 per cent of money managers think global output will shift into reverse, up from a minority of 47 per cent, according to Bank of America’s latest global fund managers’ survey. The latest reading [...]
Mortgage transactions predicted to drop six per cent in 2022 due to interest rate hikes August 16, 2022 Mortgage activity is set to drop six per cent in 2022 as rising inflation and interest rates put pressure on potential homeowners. Brokers Henry Dannell published figures this week showing the housing market had crashed from the highs of 2021, with interest rates putting off new buyers. Figures precept mortgage activity to contract by six [...]
Rumours grow job hunter Boris Johnson will join the Daily Mail after leaving Number 10 next month August 16, 2022 Prime Minister Boris Johnson is reportedly busy job hunting as his time in Number 10 comes to an end. The Guardian reported this week that Johnson, who previously wrote for the Daily Telegraph on a salary of £275,000 a month, is looking for a new gig when he ends his term. In fact, he has [...]
Political chaos in Kenya deepens fast: Raila Odinga refuses to accept William Ruto’s presidential win August 16, 2022 Prolonged political chaos looms in Kenya as opposition leader Raila Odinga, the establishment’s favourite, declared this afternoon that he will not accept the official outcome of the 2022 presidential election. Yesterday, Kenya’s electoral committee said William Ruto won the election, which took place a week ago. However, Ruto’s opponent, Odinga, stated today that “a violation [...]
Inflation deals record blow to UK workers’ living standards August 16, 2022 Surging inflation has dealt a record blow to households’ wages in a sign the UK economy is tumbling into a sharp slowdown, official figures published today showed. Brits’ pay accounting for consumer price index inflation dropped 4.1 per cent over the last three months, the biggest drop since records began in 2001, according to the [...]
Labour calls for sharp rise in digital services tax to ease energy costs facing businesses August 15, 2022 Labour has called for a hike the digital services tax to fund a £1bn support scheme for struggling businesses.
Labour pushes for price cap freeze to tame cost of living crisis August 15, 2022 Labour has waded into the energy crisis with £29bn proposals to ease household energy bills amid a deepening cost of living crisis.
Kenya descends into political chaos as ‘Hustler’ William Ruto is named new president but electoral committee falls apart August 15, 2022 Kenya’s electoral committee has just said William Ruto has won the country’s 2022 presidential election, which took place last Tuesday. The announcement comes minutes after fighting broke out at Bomas of Kenya, where the election results were announced. Despite four electoral committee members walking out and ‘disowning’ the result, the IEBC went ahead and said [...]
Google searches for solar panels rocket more than 300 per cent as cost of living and energy crises hit August 15, 2022 Google searches for solar panels have rocketed by more than 300 per cent this year, with the cost of living and energy crises hitting hard, writes Cat Branagan. More Brits are looking for alternative and cleaner energy sources it has been shown by a new report of Google Trends data. Searches shot 316 per cent [...]
BREAKING – Kenya in shock as election descends into chaos: Electoral committee falls apart and fighting erupts August 15, 2022 Kenya’s electoral committee has fallen apart in a surprise development that is sending shockwaves through Kenya. Four committee members have “distanced” themselves from the IEBC in an unprecedented historic move. The four officials walked out minutes before the electoral body was supposed to announce formal election results this afternoon. In dramatic scenes in Nairobi, fighting [...]