Travelodge is seeking 140 new properties as part of its £3 billion development plans.

Creative Media NewsThursday, 18 August 2022, 19:000

The corporation intends to expand its empire by opening 127 new hotels in London, which would generate 6,000 new jobs, and 16 in the North East, which will generate 400 new jobs. The budget hotel giant Travelodge seeks more than 140 additional locations as part of development ambitions that will generate £3 billion in investment...

RMT boss Mick Lynch: “We’ll strike until we reach a deal”.

Creative Media NewsThursday, 18 August 2022, 18:000

However, cabinet minister James Cleverly rejects the recent walkouts, stating that train personnel enjoys “ridiculously fantastic” working conditions and that working people are being “kept hostage” by unions. The latest walkout by rail workers has caused considerable disruption for train passengers, prompting a union leader to warn that strikes will continue until a deal is...

Japan pushes its sober youth to drink more to stimulate the economy.

Creative Media NewsThursday, 18 August 2022, 12:000

The Japanese government has established a countrywide competition to revitalize the dwindling alcoholic beverage business, which has been affected by demographic shifts, lifestyle choices, and the coronavirus outbreak. Following a decline in tax receipts from alcoholic beverages, Japan’s youth are encouraged to drink more to stimulate the economy. The Japanese government has established a countrywide...

ONS reports that the rate of UK house price increases has slowed.

Creative Media NewsWednesday, 17 August 2022, 12:000

According to official data, the rate at which UK home prices are increasing has slowed, yet property values were still up 7.8% in the year leading up to June. The annual increase in the average house price in the United Kingdom dropped from 12.8% in the prior month, according to the Office of National Statistics...

US Reebok owner accepts acquisition of Ted Baker.

Creative Media NewsWednesday, 17 August 2022, 4:000

The US business that owns Reebok and a portion of David Beckham’s clothing and goods empire has agreed to acquire Ted Baker for a discounted sum of £211m. The board of the company, which has more than 500 stores and concessions worldwide, has recommended that shareholders approve Authentic Brands Group’s acquisition (ABG). The 110p-per-share deal...

WeWork founder rebounds with $1 billion real estate project Flow.

Creative Media NewsWednesday, 17 August 2022, 3:000

Adam Neumann, the expelled founder of WeWork, has returned with a $1bn (£830m) real estate business after claiming to have learned “plenty” of lessons from the stunning collapse of the shared office space leasing company. Andreessen Horowitz, a Silicon Valley venture capital firm that was an early investor in Airbnb, Facebook, and Skype, revealed in...

Chinese internet titans provide government with algorithm data.

Creative Media NewsTuesday, 16 August 2022, 16:000

Chinese internet companies including Alibaba, Tiktok owner ByteDance, and Tencent have disclosed their algorithms for the first time to Chinese regulators. Algorithms determine what users see and the order in which they see it; they are crucial to the expansion of social media platforms. They are carefully protected by corporations. Meta and Alphabet have successfully...

Blackmore Bond failure: The FCA failed to act before individuals lost their life savings.

Creative Media NewsTuesday, 16 August 2022, 9:000

Approximately 2,000 individuals lost a total of £46 million when Blackmore Bond failed. It was asserted that a marketing firm employed dubious methods to sell to average consumers rather than expert investors. The financial regulator has been accused of ignoring warnings about a disastrous property investment plan that led to the loss of people’s life...

In response to soaring inflation, workers experience a record decline in earnings.

Creative Media NewsTuesday, 16 August 2022, 7:000

The most significant decline in regular salaries since records began more than two decades ago, as well as the ninth consecutive monthly decline, according to the data, intensifies the pressure on the government to take action. In the face of growing costs, workers have endured a historic real-term wage decline, according to official figures. Taking...

In a cost-of-living crisis, England’s government commits to raise rail tickets below inflation.

Creative Media NewsMonday, 15 August 2022, 23:000

The Department of Transport asserts that it is taking decisive action by not increasing regulated ticket prices by the retail pricing index (RPI) for July, which was 11.8% in June. However, this commitment only applies to around 45% of fares. The government has announced that certain train fares will increase next year by less than...

According to PwC, graduates need not require a 2:1 degree to work at the company.

Creative Media NewsMonday, 15 August 2022, 11:000

PwC, one of the leading graduate employers in the United Kingdom, has announced that it will no longer seek candidates with a first or second-class degree. The company stated that accepting applicants with lower second-class degrees will boost its workforce’s socioeconomic diversity. PwC stated that talent and potential are determined by more than academic ratings....

Parents left without child care as suppliers close nurseries.

Creative Media NewsMonday, 15 August 2022, 3:000

Parents are left without child care options as nurseries close abruptly owing to financial challenges and staff shortages. The Pregnant Then Screwed campaign organization reported that it was “inundated” with messages from parents whose local daycare had abruptly closed. In addition to rising energy, food, and staffing costs, nurseries struggle to recruit. The government said...

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