Thanks for joining me. We begin the day with the economic news that has been keenly anticipated by mortgage holders and the Prime Minister. Inflation fell to 2.3pc in April, according to the Office for National Statistics, raising hopes that interest rate cuts will not be far away. 5 things to start your day 1)...
Tag: business
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‘More job losses to come’ as UK stuck in ‘painful’ place, warns economist – latest updates
Thanks for joining me. Average wages have grown faster than expected in a blow to hopes for interest rate cuts in June. UK average regular earnings growth remained unchanged at 6pc in the three months to March, the Office for National Statistics said, which was higher than the 5.9pc expected by economists. 5 things to...
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Russia finds vast oil and gas reserves in British Antarctic territory
The EAC decided to challenge the Foreign Office’s management of the UK’s Antarctic interests following reports in the Daily Maverick, a South African online journal, which discovered Moscow’s activities after its survey ship docked in Cape Town. Such issues will likely come to a head in India later this month at the annual meeting for...
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Chinese Uber rival revives UK launch plans
Uber’s Chinese rival is laying the groundwork to enter the UK, three years after it was forced to suspend plans to launch in British cities. Didi Global has acquired operating licences in cities including Rotherham, Rochdale and Salford in recent months in a move that would allow it to offer rides in Britain. The company...
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The Roulette Gameplay Experience Online Versus A Physical Casino
Roulette is available to play at physical casino locations across the United States and when you have an account on an online casino to enjoy the remote gameplay experience. Both avenues allow you to play for real money that you can earn from a return on investment from a bet if the ball lands where...
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King’s Award proves British businesses are seizing Brexit boost
Three burgeoning businesses capitalising on a Brexit boost have won a royal seal of approval as the very best of British. The trio will today be handed The King’s Awards for Enterprise – the highest official UK honour for firms – for their part as international trade, innovation, and sustainable development trailblazers. It comes just...
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Interest rate cuts could switch ‘from stroll to a sprint’ after US jobs surprise
Thanks for joining me. Hong Kong led another rally across Asian markets thanks to a surge in tech giants, putting it on course for its strongest run since 2018. The Hang Seng was the standout performer overnight thanks to buying of heavyweights including Alibaba and JD.com. 5 things to start your day 1) Apple suffers...
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GB News to axe 40 jobs weeks after revealing heavy losses
GB News is to cut 40 jobs as the opinionated broadcaster battles to stem losses. Staff were informed of the cuts at a company-wide meeting on Friday afternoon following previous warnings that a restructuring would lead to some employees losing their jobs. Bosses are offering up to two months’ salary and a possible payment in...
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Unemployment rate jumps by more than expected in cooling jobs market
The Office for National Statistics (ONS) said the jobless rate in Britain jumped to 4.2 per cent in the three months to February – the highest level for nearly six months and up from 3.9 per cent in the three months to January. Most economists had been expecting the rate to only edge up slightly...
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Trump’s wealth surges by $5.5bn as Truth Social starts trading
Donald Trump has entered the ranks of the world’s 500 richest people after shares in his social media company surged on their Wall Street debut. Shares in Trump Media and Technology Group (TMTG), the entity behind Mr Trump’s Twitter rival Truth Social, rose by more than 50pc at one point after it arrived on the...
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Two steps to reinvigorate the UK’s fashion industry
Do you create bespoke items and charge a premium for the work it entails – and thereby price out many people struggling with a cost-of-living crisis? Or do you mass-produce certain sizes and styles, the efficiency of which enables you to charge less – but which creates a lot of excess inventory (i.e. waste) in...
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The sickly seaside town that turned its back on work
Baroness Grey-Thompson also believes society has written off many disabled people unfairly. She believes many want to, and can, work. Ableism is rife, she claims, adding that she has also felt patronised in the past by people who believe they know best. “Disabled people are ignored – they are 20pc of the population. But it...