Business and Economics
Business and Economics News
Soaring energy prices force UK company to relocate to the Netherlands
"We're looking at 900 redundancies plus."
Britain is becoming an ‘emerging market country’
“What Brexit has not done by itself, Brexit coupled with Covid and high inflation have succeeded in doing. The UK economy is crushed.”
Shares in Hong Kong tech company rise by 32,000% and nobody knows why
At one point the company of around 50 people became more valuable than Alibaba on the stock market.
Brace for financial crisis-style recession as Bank of England signs off biggest rate hike in nearly 30 years
Decision makers hiked the Bank’s base interest rate in the biggest single rise since 1995, as they tried to control the runaway inflation.
Number of days UK CEO works to earn frontline workers’ salary is shocking
CEO pay has bounced back post-covid but the pay for frontline staff who kept businesses operating during the pandemic have seen their pay flounder.
HSBC rebuffs break-up calls and pledges to boost dividends as profit surprise propels FTSE 100 higher
Investors piled into London-listed banks after HSBC this morning said profits hit $9.2bn (£7.5bn) for the six months to June.
Brexitland trends as Brit wine wholesaler quits UK and video about damage to chemical industry goes viral
“In just one week I will finally leave Brexitland for good. Let me know if anyone ever finds those sunlit uplands. Not expecting an answer anytime soon."
Spaceman Bezos feeling the pinch? Amazon increase cost of Prime membership and people are not impressed
Amazon's UK operation saw revenues surge past £23 billion for the first time recently. Jeff Bezos is worth $129.6 billion alone!
‘It’s getting worse’: Inflation rises to eye-watering 9.4%
Office for National Statistics (ONS) figures show wages now lag behind inflation at 20-year low.