Apple might lose up to $15 BILLION a year if the DOJ orders Google to cease paying the business to be the default search engine on all iPhones.

Creative Media NewsSunday, 11 September 2022, 12:000

Apple might lose up to $15 billion annually if the Justice Department requires Google to cease paying the business to be the default search engine on all iPhones, as regulators dispute the legality of the long-standing partnership. When iPhone users start a web browser and input a search query, Google is always the default search...

Bank of England delays interest rate decision following the death of the Queen.

Creative Media NewsSunday, 11 September 2022, 4:000

Following the passing of Queen Elizabeth II, the Bank of England postponed a crucial interest rate decision. It stated that “given the period of national grief,” the Monetary Policy Committee’s conclusion would now be announced on September 22 at noon. As a result of the death of Britain’s longest-reigning monarch, various public bodies have changed...

The European Central Bank increases interest rates by a record-breaking 75 basis points.

Creative Media NewsSaturday, 10 September 2022, 2:000

As inflation reaches record levels and the 19 countries that use the euro head for a recession, the eurozone’s central bank announces its largest interest rate increase. The European Central Bank (ECB) has increased its benchmark interest rates by a record-breaking 75 basis points, indicating that future increases are inevitable. The bank, which determines monetary...

Following the death of the Queen, strike action was canceled.

Creative Media NewsFriday, 9 September 2022, 20:000

After the death of Queen Elizabeth II, several major strikes in the United Kingdom were canceled. Out of respect for her devotion to the country and her family, the unions representing Royal Mail postal workers and train workers have canceled imminent strike action. Queen Elizabeth II, the longest-reigning monarch of the United Kingdom, died in...

Primark excludes future price hikes to protect sales in a difficult economy.

Creative Media NewsFriday, 9 September 2022, 2:000

Primark has ruled out more price hikes “beyond those already implemented and planned” to protect sales in the current economic climate. The parent company of the discount retailer moves to defend its market position as it anticipates that the cost of living problem would reduce customer purchasing power in the coming months. The discount retailer’s...

With above-inflation pricing increases, the UK’s broadband providers are poised for a £1.7bn bonanza.

Creative Media NewsThursday, 8 September 2022, 10:000

An estimate indicates that the largest UK broadband providers will reap a windfall of about £2 billion if they proceed with inflation-busting pricing rises next spring, which will exacerbate the cost-of-living issue. Many of the country’s major internet service providers, including BT, TalkTalk, Shell, and Vodafone, use a method to increase the cost of monthly...

The Chancellor Kwarteng calls bank chiefs to discuss the economic issue.

Creative Media NewsWednesday, 7 September 2022, 22:000

Kwasi Kwarteng will meet with the chief executive officers of Barclays, NatWest, and other big high street banks on his first morning as chancellor of the exchequer. On Wednesday, the new British chancellor will meet with the heads of the country’s largest banks as he works to stabilize the faltering economy. Kwasi Kwarteng convened a...

Energy crisis: Tens of thousands of businesses “risk collapse” if they cannot pay their bills.

Creative Media NewsWednesday, 7 September 2022, 16:000

According to insolvency specialists, tens of thousands of firms are at risk of failing without government assistance due to growing energy costs. Red Flag Alert, an organization that monitors the financial health of businesses, informed that formerly lucrative businesses are incurring substantial losses. Many surviving companies would be compelled to lay off employees, according to the...

Tech deals! Amazon Echo Dot 4th Gen is on sale for £22.99, better than half off.

Creative Media NewsSaturday, 3 September 2022, 10:000

Amazon has launched a big End of Summer Sale featuring discounts on their most popular Echo gadgets. The Amazon Echo 4th Generation Smart Bluetooth Speaker, which typically retails for £49.99, is currently available for £22.99. If you’ve been considering purchasing the popular device for some time or if you want to automate your home, you...

Asus unveils a 17-inch foldable touchscreen laptop at IFA 2022 for £3,000.

Creative Media NewsFriday, 2 September 2022, 22:000

The Zenbook 17 Fold OLED, a laptop with a foldable screen introduced by the Taiwanese company Asus, is priced at £3,000. The ‘futuristic device’ was introduced at IFA Berlin on Wednesday and features a foldable 17.3-inch OLED touchscreen with a hinge in the middle. The touchscreen, according to Asus, can be folded down to a...

The greatest monthly decline of the pound versus the dollar since 2016.

Creative Media NewsFriday, 2 September 2022, 0:000

In August, the pound lost 4.6% of its value versus the U.S. dollar due to concerns about the UK economy. The last time the pound plummeted so significantly versus the dollar was in October 2016, following the Brexit referendum. On Thursday morning, the value of the pound fell below $1.16 on currency markets. According to...

The UK manufacturing sector has had its biggest decline since May 2020.

Creative Media NewsThursday, 1 September 2022, 20:000

The outlook for factories is bleak due to sluggish demand from key markets such as China and the United States, as well as logistical issues caused by Brexit and the pandemic. In August, British manufacturing output and new orders plummeted, falling by the highest in two years due to economic concerns. According to the most...

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