Tag: News

Jun 17

Summer Job Cuts as Minimum Wage Increase Bites

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 […]
Jun 16

Barclays Suspends Festival Sponsorship Amid Protests

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 […]
Jun 14

Wells Fargo Fires Employees Using Mouse Jigglers to Fake Productivity

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 […]
Jun 14

JLR Invests £1M to Aid Police in Combating Car Thefts

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 […]
Jun 14

UK House Prices Expected to Stagnate in 2024

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 […]
Jun 14

Elon Musk Secures Shareholder Approval for Historic £44bn Tesla Pay Package

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” […]
Jun 13

Man Arrested in Ongoing Criminal Probe into PPE Medpro

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 […]