The recent increase in the minimum wage is exerting significant pressure on employers, leading to a sharp reduction in summer job hiring. New figures indicate that employers are cutting back on seasonal hires amid broader concerns about labour shortages in crucial sectors of the economy. Data from the Recruitment and Employment Confederation (REC) reveals a […]
Barclays has suspended its sponsorship of all 2024 music festivals organised by Live Nation, including popular events such as Download, Latitude, and the Isle of Wight Festival. This decision follows protests and withdrawals by several artists due to Barclays’ investment ties with arms companies that trade with Israel. The move came after artists including country […]
Wells Fargo has recently terminated several employees following accusations that they used devices to fake keyboard activity, misleading the bank into believing they were working. The disclosure was made in broker filings with the Financial Industry Regulatory Authority (Finra). The bank, America’s third-largest, did not provide details on how the issue was discovered or if […]
Jaguar Land Rover (JLR) has announced a £1 million investment to assist UK police in combating vehicle theft. This funding will bolster police operations in theft hotspots and support intelligence gathering efforts. The initiative comes after JLR’s CEO, Adrian Mardell, firmly denied claims that Range Rovers are particularly vulnerable to theft. Despite these denials, Range […]
Motorists are set to benefit from a substantial decrease in fuel prices over the next 18 months, as analysts forecast a significant drop in the cost of oil to $60 (£47) a barrel. The anticipation of reduced petrol prices follows predictions of a global oil oversupply by 2030. Citigroup experts foresee a glut in supply […]
UK house prices are anticipated to stagnate in 2024, according to a revised forecast from Capital Economics, which now projects a modest 0.5% rise, down from an earlier prediction of 2%. This adjustment follows the latest survey from the Royal Institution of Chartered Surveyors (RICS), revealing a decline in buyer enquiries, fewer agreed sales, and […]
Elon Musk, Tesla’s chief executive, has secured shareholder approval to reinstate his unprecedented $56 billion (£44 billion) pay package, marking the largest in American corporate history. Tesla confirmed that the proposals to ratify Musk’s compensation deal and relocate the company’s legal headquarters to Texas were endorsed by shareholders. Enthusiastic chants of “Elon Musk, Elon Musk” […]
The National Crime Agency (NCA) has arrested a 46-year-old man in connection with its ongoing investigation into PPE Medpro, a company awarded substantial government contracts for personal protective equipment (PPE) during the Covid-19 pandemic. The man, apprehended at his home in Barnet, North London, is suspected of conspiracy to commit fraud and attempting to pervert […]
Revolut, the pioneering financial technology company, has signed a 10-year lease for office space in the heart of Canary Wharf, signifying a significant boost for the prestigious financial district. The company will occupy the top four floors of the newly refurbished 30 South Colonnade, now rebranded as YY London. Subject to planning permission, the building […]
Chancellor Jeremy Hunt has predicted that he could be within 1,500 votes of losing his seat in the upcoming election. While campaigning in Chiddingfold, part of the newly formed Godalming & Ash constituency, Hunt emphasised the competitive nature of the race, noting that the seat could be won or lost by a narrow margin. “This […]