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Business

Business

Sam Bankman-Fried guilty of defrauding FTX crypto customers out of billions of dollars

Sam Bankman-Fried has been found guilty of defrauding customers of his cryptocurrency exchange out of billions of dollars. The 31-year-old could be sentenced to...

by admin November 2, 2023
Sam Bankman-Fried guilty of defrauding FTX crypto customers out of billions of dollars
Business

The rise and fall of WeWork – once feted as one of the hottest start-ups around

It looks as if the end is nigh for WeWork, the flexible workspace provider that once commanded a valuation of $47bn. The Wall Street...

by admin November 1, 2023
The rise and fall of WeWork - once feted as one of the hottest start-ups around
Business

Elon Musk tells Sky News AI is a ‘risk’ to humanity

Elon Musk has told Sky News that AI is a “risk”, as the billionaire joins world leaders and tech bosses at a UK safety...

by admin November 1, 2023
Elon Musk tells Sky News AI is a 'risk' to humanity
Business

‘It’s officially Christmas’: M&S and Asda among first to launch festive campaigns

Retailers have fired the starting gun on Christmas advertising season by launching their festive campaigns earlier than usual. Marks and Spencer revealed its Christmas...

by admin November 1, 2023
'It's officially Christmas': M&S and Asda among first to launch festive campaigns
Business

Owned an older iPhone? You could get a payout from UK lawsuit which claims devices were ‘throttled’

Apple is facing a lawsuit that could see British iPhone owners receive compensation over allegedly defective batteries. The case, brought by consumer champion Justin...

by admin November 1, 2023
Owned an older iPhone? You could get a payout from UK lawsuit which claims  devices were 'throttled'
Business

House price growth returns in October due to ‘constrained supply’ of properties

House prices rose at their fastest monthly pace since August last year during October, according to a report that cited “constrained supply” of stock...

by admin November 1, 2023
House price growth returns in October due to 'constrained supply' of properties
Business

Elon Musk and ChatGPT boss jet in for UK’s AI summit – as Sunak warned of ‘here and now’ threats

Rishi Sunak has been warned not to ignore the “here and now” threats to people’s jobs posed by artificial intelligence, as Elon Musk and...

by admin November 1, 2023
Elon Musk and ChatGPT boss jet in for UK's AI summit - as Sunak warned of 'here and now' threats
Business

Temporary accommodation spending ‘threatening to overwhelm council budgets’

Councils in England have warned spending on temporary accommodation is threatening to “overwhelm” their budgets. A total of 96% of District Councils Network (DCN)...

by admin November 1, 2023
Temporary accommodation spending 'threatening to overwhelm council budgets'
Business

Rail ticket office closures cancelled after government U-turn

The government has cancelled rail industry plans for the mass closure of ticket offices in England, saying they failed to reach the “high threshold...

by admin October 31, 2023
Rail ticket office closures cancelled after government U-turn
Business

Gold to sell 10% stake in Premier League side West Ham

A stake of up to 10% in the Premier League football club West Ham United has been put up for sale, providing the latest...

by admin October 31, 2023
Gold to sell 10% stake in Premier League side West Ham
Business

Company insolvencies rise by 10% in a year amid warnings of growing financial distress among firms

Company insolvencies across England and Wales were up 10% in the last quarter compared to the same period last year, according to official figures,...

by admin October 31, 2023
Company insolvencies rise by 10% in a year amid warnings of growing financial distress among firms
Business

Fourteen million UK adults used buy now pay later in six months, the FCA says

There has been a “significant increase” in the number of people using Buy Now Pay Later options to purchase items, with those frequently using...

by admin October 31, 2023
Fourteen million UK adults used buy now pay later in six months, the FCA says
Business

Food inflation 8.8% in year to October, BRC and NielsenIQ say

Food inflation has decreased for the sixth month in a row and is now at a level not seen in more than a year,...

by admin October 31, 2023
Food inflation 8.8% in year to October, BRC and NielsenIQ say
Business

Rishi Sunak and Elon Musk to host ‘in conversation’ event after AI summit

The prime minister will host an event with X owner Elon Musk following the UK’s AI summit. Rishi Sunak‘s X account posted on Monday...

by admin October 30, 2023
Rishi Sunak and Elon Musk to host 'in conversation' event after AI summit
Business

Big four UK banks criticised by MPs for ‘trying to do as little as they can get away with’ to reward saving

Major high street banks have been criticised by the chair of the Treasury Committee for doing little to reward savers. After Barclays, Lloyds, NatWest...

by admin October 30, 2023
Big four UK banks criticised by MPs for 'trying to do as little as they can get away with' to reward saving
Business

Safestyle: Around 680 workers made redundant after window and door seller falls into administration

Around 680 staff have been made redundant at window and door manufacturer and seller Safestyle. The business has gone into administration and the GMB...

by admin October 30, 2023
Safestyle: Around 680 workers made redundant after window and door seller falls into administration
Business

Mortgage approvals at lowest level since January, Bank of England figures reveal

Lenders last month approved the lowest number of mortgages since January, according to figures from the Bank of England. Just 43,328 home loans for...

by admin October 30, 2023
Mortgage approvals at lowest level since January, Bank of England figures reveal
Business

Waitrose boss reveals high-value item that brazen shoplifting gang were looking for

Brazen shoplifters looking for a brand of gin warned Waitrose staff they would return when it was back in stock. The supermarket’s boss, Dame...

by admin October 25, 2023
Waitrose boss reveals high-value item that brazen shoplifting gang were looking for
Business

Lloyds profit and net interest margin up despite fall on the horizon

Profits are up at the UK’s biggest mortgage lender as high interest rates helped grow the amount of money collected from loans. Lloyds Banking...

by admin October 25, 2023
Lloyds profit and net interest margin up despite fall on the horizon
Business

Aldermore ditches Co-operative Bank bid after parent’s CEO quits

One of Britain’s biggest challenger banks has abandoned plans to bid for the Co-operative Bank after its owner’s chief executive quit unexpectedly. Sky News...

by admin October 25, 2023
Aldermore ditches Co-operative Bank bid after parent's CEO quits
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