Deals for Haaland and Nez will leave the top two’s competitors wondering how to catch up.

Creative Media NewsFriday, 24 June 2022, 16:000

Manchester City and Liverpool have completed their primary responsibilities early. The additions of Erling Haaland and Darwin Nez will provide each team with considerable optimism heading into the preseason, leaving rivals wondering how they can catch up. A player and club must give a new addition as much time as possible to settle in. By...

Two years after a crisis that killed 900 jobs, Cath Kidston is for sale.

Creative Media NewsFriday, 24 June 2022, 15:190

Cath Kidston, the modern vintage brand, has been put up for sale just two years after it went bankrupt and nearly 1,000 jobs were lost. Baring Private Equity Asia has requested that PwC identify a buyer for the brand it acquired through a pre-pack insolvency proceeding in 2020. Cath Kidston, which was founded by its...

Amazon tells the Treasury that a tax on online purchases ‘will harm British SMBs’.

Creative Media NewsFriday, 24 June 2022, 15:000

The world’s largest online retailer has warned the British government that an online sales tax (OST) would be disastrous for the nation’s army of small companies. Amazon’s UK country manager, John Boumphrey, told a Treasury minister during a meeting on Wednesday that a 1% fee would harm the tens of thousands of small and medium-sized...

Musk claims that new Tesla factories are losing billions of dollars.

Creative Media NewsFriday, 24 June 2022, 14:000

Musk asserts that Tesla’s new plants in the United States and Germany are “losing billions of euros” due to battery shortages and supply interruptions in China. The multibillionaire also referred to his operations in Berlin and Austin, Texas as “monstrous cash machines.” This year, 19 lockdowns in China, including one in Shanghai where Tesla has...

China: Two people are killed when an NIO electric car falls from the third floor of a Shanghai building.

Creative Media NewsFriday, 24 June 2022, 13:290

According to the company, two people involved in testing for electric car maker NIO died when one of its vehicles fell three stories from a Shanghai building. The pair, described as “digital cabin testers,” was inside the vehicle as it fell from a parking garage in the firm’s Innovation Port building, according to the company....

Shireen Abu Aqla: According to the UN, an Israeli bullet killed an Al Jazeera journalist.

Creative Media NewsFriday, 24 June 2022, 13:210

According to the UN’s human rights office, a high-profile Al Jazeera journalist was killed by Israeli forces, not Palestinian militants. According to a spokeswoman, the findings were the result of “independent monitoring” of the incident on May 11. Shireen Abu Aqla was killed while reporting on an Israeli operation in the occupied West Bank, causing...

Turkey and Israel have agreed to restore ambassadorial relations.

Creative Media NewsFriday, 24 June 2022, 13:120

ANKARA – Turkey, and Israel have begun work on restoring mutual diplomatic representation to the level of ambassador, Turkish Foreign Minister Mevlut Cavusoglu said on Thursday, as the two countries seek to end more than a decade of strained relations. In 2018, the two countries expelled their ambassadors and frequently traded barbs over the Israeli-Palestinian...

Northern Gritstone secures its first agreement with brain biomimicry startup Opteran.

Creative Media NewsFriday, 24 June 2022, 13:040

The vehicle chaired by Lord O’Neill is investing more than £3 million in Opteron, a University of Sheffield spin-off that pioneered the construction of autonomous robots by utilizing insect brain patterns. The financing, which is being spearheaded by the Berlin-based fund Join Capital, represents a major milestone for both Opteron and Northern Gritstone, which seeks...

Ukraine and Moldova have been accepted as candidates for membership in the European Union.

Creative Media NewsFriday, 24 June 2022, 12:510

Ukraine and Moldova have been accepted as candidates for membership in the EU, paving the way for a multi-year process. Ukraine’s ambition to join the European Union has cleared the first major hurdle, with the bloc’s leaders unanimously approving it as a candidate for membership. However, it may be a long time before it can...

The United States Senate has passed the first gun control legislation in decades.

Creative Media NewsFriday, 24 June 2022, 12:430

The US Senate has passed gun control legislation, the most significant in nearly 30 years. It imposes stricter controls on young buyers and encourages states to remove firearms from people deemed a threat. In a rare bipartisan vote on gun control legislation, 15 Republicans joined Democrats in the Senate to pass the bill. It still...

Inflation drives UK government interest rates to record levels in May.

Creative Media NewsFriday, 24 June 2022, 12:050

In May, interest payments on government debt reached an all-time high due to rising inflation. The government paid £7.6 billion in interest last month, an increase of £3.1 billion from the previous year. Government borrowing decreased in May compared to the same month a year ago but remained greater than pre-Covid levels. The Office of...

Government was compelled to pay a record £7.6 billion in interest on public debt last month.

Creative Media NewsFriday, 24 June 2022, 11:000

Current public sector net debt represents 98.5% of gross domestic product, the highest level in more than fifty years. After inflation pushed borrowing costs to some of their all-time highs, the British government made one of its largest interest payments on public debt ever last month. Despite a reduction in public sector borrowing, interest expenses...

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