Author: WTX Business Team
Bitcoin soared to an all-time high, briefly surpassing $106,000, fueled by optimism over Donald Trump’s pro-cryptocurrency stance ahead of his return to the White House. The cryptocurrency has gained more than 50% since Trump’s election victory on November 5.
Dinosaur bones listed on the stock exchange: “Investing in fossils pays like gold” New York — After dinosaur bones fetched millions of dollars at recent auctions, perhaps it was inevitable: a private company has announced a date on which it will proceed with a public offering to allow investors to buy shares of a stegosaurus fossil. Dinosaur bones listed on the stock exchange: “Investing in fossils pays like gold” https://www.repubblica.it/cronaca/2024/12/15/news/dinosauri_vendita_quote_musei-423887382/?rss
UK’s economy shrinks unexpectedly by 0.1% in October Britain’s economy shrank by 0.1% in October, underlining the scale of Labour’s challenge to get the economy growing. Figures from the Office for National Statistics showed the unexpected fall in GDP was driven by declines in construction and production, while the dominant services sector stagnated. Economists, polled by Reuters, had expected the economy to grow by 0.1%. It follows a decline of 0.1% in September and sluggish…
The outage began around 18:00 GMT, according to the tracking site Downdetector, and affected users in the UK, Europe, Asia, Australia, South America, and the US. Reports indicated over 18,000 issues with WhatsApp and more than 22,000 with Facebook.
Business confidence drops at fastest pace for over three years Business optimism fell at its fastest pace in over three years following October’s Budget, a new survey shows. BDO’s latest business trends survey, which collects and regroups data from the UK’s main business surveys, showed that corporate confidence fell to its lowest level since January 2023. The optimism index dropped 5.8 points to 93.49 in November, which was the largest monthly fall since August 2021.…
UK start-ups still at the forefront of global innovation Despite the “doom and gloom” narrative and post-Budget fears looming over the UK’s start-up ecosystem, the country still holds its ground at the forefront of global innovation. At least that is the view of Ashish Patel, managing director at Houlihan Lokey’s Capital Market Group, who says that a rise of international investment into UK start-ups this year is indeed a sign of good fortune. While referencing the success of…
Cabinet minister pledges to make government more ‘start up’ A cabinet minister is set to pledge that the government will become “more like a start up” ahead of the launch of a £100m fund targeting public service reform. Pat McFadden will call for Whitehall to adopt a ‘test and learn culture’, stating: “If we keep governing as usual, we are not going to achieve what we want to achieve” Speaking at University College London in Stratford…
Job vacancies collapse as Budget tax raid puts firms off hiring, survey shows The number of job vacancies in the UK fell at its fastest pace in over four years last month as firms held off hiring due to the government’s Budget tax hikes, a new survey suggests. The latest report on jobs from KPMG and the Recruitment and Employment Confederation (REC) showed an “accelerated decline” in the number of people placed in permanent roles…
Bitcoin, the world’s largest cryptocurrency, has smashed through the $100,000 mark for the first time, setting a new record high. This historic milestone comes amid growing excitement over the possibility that US President-elect Donald Trump may support cryptocurrency-friendly policies.
Will other Chinese firms follow Shein to London? Shein’s reported decision to list in London rather than New York is likely to be an anomaly rather than a trend, says Megan Penick Fashion giant Shein’s prospective IPO – slated for early next year – has caused something of a stir in the City. Indeed, the decision to list on the London Stock Exchange appears on the surface a major vote of confidence for London, as…
Costain wins major HS2 contract It has been announced that engineering firm Costain has been awarded a contract by HS2 worth upwards of £400m. The deal will see the group supply tunnel and lineside mechanical and electrical systems over a seven-year period, beginning in the first quarter of 2025. It comes after a stellar year for the company, which has seen its shares rise over 60 per cent since January. Costain reported a near-doubling of…
Employment reforms need considerable thought to not ‘swamp business’ A legal group urged Parliament that the Employment Bill needs “considerable thought” to avoid ” swamping business” with costs or obligations that “confuse even senior and experienced lawyers.” In written evidence provided to the Committee overseeing the Employment Rights Bill, the Employment Lawyers Association (ELA), a group of 7,000 lawyers, urged the government to reconsider some of the changes contained within the bill. The ELA stated…
The chaos in South Korea leads the Financial Times after the country’s president declared martial law – later rejected by the country’s parliament.