Sergey Kondratenko: Prospects for open banking 2024
Sergey Kondratenko analyzes statistics of open banking.
Amidst competitive atmosphere, food prices witness initial dip in two years
Food prices in the UK have finally experienced a long-awaited decline, according to the British Retail Consortium (BRC).
GELLIFY and EIT Manufacturing, working together to support innovation in Europe
The two organisations will join forces to boost the diffusion of innovation in the European ecosystem.
GELLIFY, the circular economy report
Companies such as Unilever, Suez, Sacyr, Endesa, Cosentino, Acciona, Ocean Winds and Sorigué participated in the report.
Brexit will have a “sizeable impact” on UK global trade
More that half of British business have been negatively affected by Brexit and the uncertainties it caused, this is what a survey by London School of Economics found out.
BP cut debt to $35 billion a year ahead
Disposals and oil price increase got BP’s debt load from $38.9 billion down to $35 billion in three months, CEO Bernard Looney is reporting on figures and share buybacks on April 27.
2020 worst year on record for UK economy
GDP tumbled by 9.8% in total in 2020 which is the worst annual performance for over 300 years.
UK exports to the European Union drop nearly 41% in January
UK exports to the European Union dropped by almost 41% in January as the Brexit transition period commenced, official statistics revealed today. UK exports to EU tumble UK exports to the EU decreased by £5.6 billion in January according to…
John Lewis announces closure of other stores after losses due to Covid 19
Because of the Covid John Lewis can no longer support some of his stores and is forced to close them.
Contactless payment limit increasing to £100
The contactless payment limit is to be increased to £100, Rishi Sunak will announce in the Budget today.
Chancellor Rishi Sunak extends the furlough until September
Sunak has established an effective program to support companies and self-employed in this time of crisis.
Rishi Sunak announce £400m for arts sector in Budget
The Chancellor is ready to distribute £408 million to help museums, theatres and galleries in England to reopen when Covid restrictions.
Bitcoin sets fresh records after Elon Musk investment
Bitcoin has hit record highs after Elon Musk’s car company announced that it had bought circa $1.5bn (£1.1bn) of the cryptocurrency.
How GameStop became the centre of a Wall Street war
GameStop stock prices have soared over the last few days due to followers of the subreddit r/WallStreetBets challenging the financial establishment trying to short the stock. GameStop stock prices rise significantly 49-year-old Erik Riggiola who lost his job as an…
More UK businesses will shut down as third lockdown continues
About 10,000 pubs have shut down permanently and it is estimated more than 250,000 small firms will not be able to improve their conditions.
British Gas workers to strike due to “fire and rehire” plans
Thousands of British Gas workers will strike from Thursday as part of a five-day strike in response to the company’s “fire and rehire” plans.
Rishi Sunak announces economic plan for third national lockdown
The plan is to support business and jobs until Spring, when all activities are set to reopen.
About 819,000 paid jobs lost in the UK
Retail and hospitality are the worst hit sectors since the beginning of the Covid pandemic.
Debenhams to close 124 shops cutting thousands of jobs
Debenhams chairman said to be “desperately sorry” for the over ten thousand employees about to lose their jobs.
Rishi Sunak announces pay rise for doctors and nurses
Rishi sunak has announced that NHS doctors and nurses will get a pay rise although pay rises for the rest of the public sector will be ‘paused’ next year.
National debt rises above 2 trillion pounds
Chancellor Rishi Sunak today warned of future cuts as the UK’s debt hit a new record high of £2.08trillion by the end of October.
UK economy grows 15.5% but GDP still lower than before Covid
Britain’s economy grew by 15.5% between July and September.
Covid: 782,000 people have lost their jobs in UK since March
The number of UK employees has decreased by 782,000 between March and October as a result of the Covid pandemic.
Rishi Sunak announces job support scheme
The government will continue to support companies in paying the wages of workers who have not been able to return to work with the Job support scheme.
Covid: unemployment rate reaches 4.1%
Covid, the unemployment rate in the UK has hit 4.1% as 700,000 people have lost their jobs since March.