Amazon’s sales forecast misses estimates as it hikes Prime membership in US February 3, 2022 Amazon.com said it raising the price of its Prime subscriptions, as it looks to offset higher shipping costs and wages even after beating profit expectations for the holiday quarter. Shares rose 17 per cent in after-hours trade, after dropping nearly eight per cent before the market’s close as part of a broader technology stock sell-off. [...]
Mayor of London puts Cressida Dick ‘on notice’ following Met concerns February 3, 2022 The mayor of London Sadiq Khan has warned the Met Police commissioner she needs an “urgent plan” to address racist and sexist behaviour within the police. Khan said he had put Dame Cressida Dick “on notice”, and told the BBC he had never been “more angry or disgusted”. It comes after a report published on Tuesday [...]
Meta shares plummet as Wall Street tech bubble begins to burst February 3, 2022 Meta, the parent company of social media platforms Facebook and Instagram, said this evening it was expecting current-quarter revenue below Wall Street expectations, as Apple privacy features keeps businesses from opting to advertise on social media sites.
Crypto markets drop as Facebook earnings threaten wider market recovery February 3, 2022 The price of Bitcoin is currently down by more than three per cent since yesterday morning to around $37,000.
Australia’s richest man files lawsuit against Facebook over scam ads February 3, 2022 Facebook is in hot water once again after an Australian billionaire launched legal proceedings against parent company Meta. Iron ore magnate Andrew Forrest today confirmed the launch of criminal proceedings against Meta in an Australian court, alleging that it breached anti-money laundering laws and let its platform be used to scam Australians. The Fortescue metals [...]
Heart Radio trumps Radio 1 by 2m listens February 3, 2022 Heart – the UK’s biggest commercial radio brand – celebrates its highest ever listening figures, for the second consecutive quarter with 10.3m listeners now tuning in each week – over 2m more listeners than Radio 1. The UK’s biggest commercial radio brand continues to grow in reach, hours and share, and welcomes nearly a quarter of a million new listeners as the nation tuned in [...]
Two more Tory MPs send in letters of no-confidence in Boris Johnson February 2, 2022 Tory MPs Tobias Ellwood and Anthony Mangnall have called for the resignation of Boris Johnson today, with both revealing they will send in letters of no-confidence in the Prime Minister’s leadership of the Tory party. Ellwood, who is MP for Bournemouth East and chair of the Defence Select Committee, said it was “time to resolve [...]
Gas prices rise amid Yamal-Europe pipeline turbulence and Ukraine tensions February 2, 2022 Gas prices have recovered from a mini-slump this month after flows in the Yamal-Europe pipeline were halted in both directions.
Vice Media behind £15m Saudi government music festival February 1, 2022 Vice Media helped organise a Saudi government music festival in March 2020 despite pledging to stop all work in the nation following the fallout from the state-ordered murder of dissident Jamal Khashoggi.
Creative industries get £50m boost as Tories drive ‘level up’ opportunities February 1, 2022 The government injects £50m into creative industries as the Tories hammer home their level up programme and invest in "world class" arts.