More and more lenders are set to increase rates on mortgages, brokers have warned, as the fallout from the Bank of England’s rate rise continues to devastate homeowners. The fresh blow to the housing sector comes as HSBC pushed mortgage rates up for the second time in one week in an unprecedented move for the […]
UK businesses have improved female representation on their boards, research shows, but two-fifths of FTSE 100 firms still do not have a woman in one of their top four executive roles. The proportion of women on the boards of the FTSE all-share listed companies has risen over the past year from 36% to 40%, according […]
The Secretary of State for Science, Innovation and Technology Chloe Smith, has announced a £54 million investment to support the UK’s AI and data science workforce and develop trustworthy and secure AI. The investment is set to support universities across the UK in their work develop cutting edge artificial intelligence technology as £31 million of […]
Workers at Amazon’s Coventry warehouse have voted to take a further six months of strike action, despite failing to win formal union recognition from the tech company. Results of the ballot came as the GMB union’s 800 members at the site, known as BHX4, were on strike for the 19th day. The union said 99% […]
London Tech Week marked its tenth anniversary with a groundbreaking moment yesterday as the Sir David Amess Children’s Parliament for primary school students between 7-11 years, welcomed Interim Prime Minister Harry Acheampong to deliver a captivating address on the subjects of Metaverse, Water Management and Sustainability. Acheampong is an 11 year old Year 6 student from […]
Google could be forced to sell parts of its $224.5 billion advertising business after the European Commission found that the tech giant had been abusing its dominant position in the sector. The search engine business has been accused of conduct that may have foreclosed rivals and enabled the company to charge high fees for its […]
Article content Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. Article content The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh […]
Breadcrumb Trail Links News Economy Could raise again next month Author of the article: The Associated Press Christopher Rugaber Published Jun 14, 2023 • Last updated 14 minutes ago • 3 minute read Join the conversation U.S. Federal Reserve chair Jerome Powell. Photo by Anna Moneymaker/Getty Images Article content WASHINGTON — The United States Federal Reserve […]
Vodafone and CK Hutchinson, owner of Three, have announced their long-awaited UK merger today. The new group ‘MergeCo’, now the UK’s biggest mobile operator, was revealed this morning and is valued at £15bn, according to Sky News’ Mark Kleinman. MergeCo is 51 per cent Vodafone owned and 49 per cent CK Hutchinson owned. Vodafone chief […]
Amazon has been accused of being “no friend of the small business” after a report discovered evidence that the online marketplace has ramped up fees and advertising costs for sellers. It found that between 2017 and 2022 Amazon had tripled the amount it earned from fees for independent sellers in Europe, including for listings, deliveries […]