Binance faces a ban in the United States after being sued by an American watchdog for breaking and ignoring a host of financial and market rules. In a searing court filing, the Commodity Futures Trading Commission alleged that the world’s largest crypto trading platform had put its commercial success over compliance with US law in […]
It is expected to be one of the busiest weekends of the decade in London when people flock from all corners of the globe to join the celebrations for the coronation in May. Airbnb, the world’s biggest self-catered accommodation platform, is enticing new hosts with the offer of a £100 “travel coupon” for those taking […]
The cost-of-living crisis and rising energy prices have caused problems for many people, and businesses aren’t exempt from these financial struggles. In fact, in PayPal’s Business of Change Report 2022, 78% of business ownersclaimed they were worried that the cost-of-living crisis would be the biggest threat to their businesses this year. As such, supporting your […]
Birmingham’s Colmore BID (Business Improvement District) has partnered with the Hollie Gazzard Trust to launch a new Supporter Organisation Scheme to educate staff on domestic abuse issues and help safeguard employees. Colmore BID, which is responsible for delivering projects, initiatives and services in Birmingham’s commercial and professional services quarter, is the first to partner with […]
A producer of honey-based products including craft gins has revealed plans to call in administrators after failing to secure long-term funding and a sale of the business. Oxfordshire-based British Honey Company (BHC), best known for its Keepr’s and Two Birds brands, said its shares on the Aquis exchange had been suspended pending the formal appointment […]
Snoop, the moneysaving app set up by the former boss of Virgin Money, is exploring a sale after receiving a series of unsolicited takeover approaches. Sky News has learnt that Snoop’s founder, Dame Jayne-Anne Gadhia, is working with bankers at Rothschild on plans to raise new capital or sell the company outright. Snoop was launched […]
Chancellor Jeremy Hunt has backed the Bank of England to prioritise tackling inflation, despite concerns rapid increases in interest rates have contributed to recent volatility in the banking sector. The Bank’s Monetary Policy Committee meets this week amid speculation it may pause its recent trajectory of raising rates when it announces its decision on Thursday. […]
The experts at money.co.uk have to investigated the current cost-of-living’s impact on different age groups and found 16-34 years olds worst affected. To do this, they compared the effect on their mental health, along with other factors like their biggest financial concern, childcare costs and reliance on benefits. Six in 10 of those aged 25-34 […]
The UK faces its biggest fall in spending power for 70 years as the surging cost of living eats into people’s wages. The government’s independent forecaster said that household incomes – once rising prices were taken into account – would drop by 6% this year and next. Living standards won’t recover to pre-pandemic levels until […]
At Business Matters we have spoken to a number of experts to gauge their opinions about Jeremy Hunt’s Spring Budget, and whilst the Chancellors announcements have gone down well, many sound notes of caution. Gerard Grech, CEO of Tech Nation, told us: Today’s budget is a positive indication of the UK Government’s commitment to becoming a […]