The Independent says P&O Ferries’ chief executive has insisted his company did not commit any offence in firing nearly 800 workers without notice, as it set out a compensation package of £36.5m.
Author: WTX Business Team
The Guardian says Britain’s annual inflation rate rose to 6.2% in February and now stands at its highest level in three decades.
BBC News says Indian agency workers hired to replace P&O Ferries crews in Dover are being paid £1.81 an hour, a union claims.
The Metro says another 30 British companies have signed up to a six-month pilot of a four-day working week.
Arab News says on Tuesday, oil prices fell to a two-week low following continued ceasefire talks between Russia and Ukraine.
The Guardian says Britain’s economy bounced back from the Omicron variant of coronavirus at a faster pace than expected during January, as consumers returned to eating and drinking out in pubs and restaurants.
The Metro says Energy giant Shell has announced it will stop buying oil and gas from Russia and shut all of its service stations in the country.
The Independent says the economic fallout from conflict in Ukraine will help trigger the biggest fall in living standards for Brits since the mid-1970s, according to the Resolution Foundation, a leading think tank.
The Independent says Oil prices soared on Sunday to their highest point since mid-2008, as the global market continued to suffer the consequences of Russia’s assault on Ukraine.
The Guardian says Rishi Sunak is facing renewed pressure from business leaders to delay a planned £12bn rise in national insurance, amid warnings over soaring costs for companies and households.
House prices have skyrocketed in just one month as the easing of Covid situation has reignited interest in city living, according to a new report.
The Independent says UK inflation has stayed at a near 30-year high after rising further in January as Britain remains in the grip of a tightening cost-of-living squeeze.
The Guardian says the company behind Irn-Bru has revealed it is increasing its prices after its packaging, ingredients and energy-linked commodity costs jumped, as it raised its sales and profit estimates.
The Independent says Ryanair missed its targets in December after the spread of Omicron forced governments to reimpose restrictions on international travel.
Bitcoin loses half its value as the value continued to plunge on Saturday following Friday’s cryptocurrency market crash.
Pay rises wiped out by surging inflation: Wage rises were wiped out by the rising inflation late last year, according to official figures.
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…
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.