Pay rises wiped out by surging inflation: Wage rises were wiped out by the rising inflation late last year, according to official figures.
Author: WTX Business Team
Amazon emailed UK customers on Monday to inform them that the proposed visa credit cards ban will no longer take place.
The Metro says more than half a million people cancelled flights from Heathrow in December alone due to travel fears about the Omicron.
Silicon Valley’s Theranos CEO Elizabeth Homes duped $4bn – the fake it until you make it approach. Now Holmes has been found guilty, will the Valley change?
A top financial app shared the best tips to take into 2022 to save money. Digital financial coaching app Claro Money says money saving can be challenging.
India banning crypto payments could mean jail for violations. In one of the sternest moves against the cryptocurrency market especially Bitcoin. It is reported that over a 1/3 of all cryptomarket transactions are made by Indian people. Flouting any of these rules would also be “cognisable” which means an arrest without a warrant is possible, and “non-bailable,” it said. The proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source…
The UAE is cutting its working week to four-and-half days and moving its weekend from Friday-Saturday to Saturday-Sunday.
Facebook Share price drops by almost 5% in the longest outage in history. More bad news looms as the Facebook whistleblower is due to testify tomorrow.
The economy grew by just 0.1% in July as the last Covid restrictions were lifted in England. It marked the UK economy’s sixth consecutive month of growth.
El Salvador has become the first country in the world to accept bitcoin as legal tender. This is huge news for the Cryptocurrency market and has rallied the market.
European banks storing €20bn a year in tax havens – Barclays and HSBC among banks booking money equivalent to 14% of annual profits in offshore entities Leading European banks are booking around €20bn (£17bn) a year – equivalent to 14% of their total profits – in tax havens, with Barclays, HSBC and NatWest Group among those enjoying the lowest tax rates, according to a new report. The figures emerge from an analysis, conducted by the EU Tax Observatory, of 36 big banks required to publicly report country-by-country data on their activities. Banks said to enjoy a particularly low effective tax rate on…
UK house prices rose by almost £5,000 in August as the property market continued to boom following the partial end to stamp duty holiday.
The chief of Brighton and Hove Albion Paul Barber has apologised to fans for the lack of catering staff and stewards.
Amazon is offering new warehouse employees a £1,000 joining bonus amid a mounting staff hiring crisis.
The Guardian says Amazon has made the surprise decision to move production of its $1bn-plus Lord of the Rings series from New Zealand to the UK
CITYAM says Cineworld Group, the world’s second largest cinema chain, has published half year results revealing the severe financial impact of lockdown restrictions.
John Lewis plans to create 500 new jobs as it takes control of a massive distribution centre to meet the rise in online sales.
Online grocer Ocado has announced its employees will be allowed to work remotely from a country of their choosing for up to a month.
The Guardian says Mike Ashley is set to step down as chief executive of Frasers Group, the owner of Sports Direct, in May next year and hand over to his daughter’s fiance.
Amazon (AMZN) faces a record-breaking £637 million ($887 million) EU privacy fines even though the tech giant was based in the tax haven in Luxembourg. The ramifications of this fine have sent a reverberating shockwave in California. Tech giants have long gone un-monitored but all that has now changed, now the EU will push to enforce other anti-trust and anticompetitive laws on the big six. Amazons stock price fell by almost 8% following the announcement on Friday closing at 3,327.59 USD−272.33 (7.56%) from Thursday. These EU privacy fines were imposed after the European Union data privacy regulator said the e-commerce giant had violated…
Rishi Sunak has hinted at delays to the budget after he failed to announce a date when publishing the new forecasts, as is normally expected.
Supermarkets and pubs close: Iceland has been forced to close shops due to staff shortages caused by people being forced to self-isolate by the NHS Covid app.
ASOS has seen sales continue to soar despite the reopening of high street shops, per the firm’s latest market update.
In June customer spending rose sharply in the UK – with the Euro 2020, sunshine and lifting of restrictions credited for the rise.
Japanese carmaker Nissan has announced a major expansion of electric vehicle production at its UK plant in Sunderland – that will create 1,650 new jobs. d