Crypto company Tether freezes terrorism-related accounts

Creative Media NewsTuesday, 17 October 2023, 16:000

Cryptocurrency Accounts Suspended A number of crypto currency accounts associated with terrorism have been suspended by the issuer. Tether’s Announcement Tether, the entity that governs stablecoin, a digital currency established with a fixed value of $1 to mitigate the volatile price fluctuations observed in alternative crypto currencies like Bitcoin, announced the freezing of £718,305 worth...

Cornish Tin approved for gold search in Cornwall.

Creative Media NewsTuesday, 17 October 2023, 10:000

Royal Authorization for Mining Exploration Cornish Tin has been granted authorization by the monarch to conduct gold and silver exploration in pursuit of revitalizing Cornwall’s mining sector. The Crown Estate, the monarchy’s portfolio of land holdings, has granted the company exclusive exploration rights to search for precious metals across 123,447 acres (14 percent) of Cornwall...

Investors criticise The Restaurant Group’s £506m pricing.

Creative Media NewsMonday, 16 October 2023, 18:000

An activist investor has criticized The Restaurant Group (TRG) acquisition price, claiming that the restaurant chain owner is undervalued by approximately £100 million. Apollo, a prominent American private equity firm, has reached a deal to acquire The Restaurant Group in its entirety for £506 million (equivalent to 65 pence per share). TRG’s executives have supported...

Metro Bank solicits £3bn mortgage offers in weeks.

Creative Media NewsMonday, 16 October 2023, 12:000

Metro Bank has asked ideas from competing high-street lenders by early November to improve its balance sheet. Bank has set an aggressive schedule for competitors to acquire a significant portion of its mortgage portfolio. Metro Bank has requested proposals to be submitted by the start of the following month. Barclays, Lloyds Banking Group, and NatWest...

End woke war on defence: Drive ESG money to support sector

Creative Media NewsSunday, 15 October 2023, 20:000

Calls for ESG Investors to Embrace the Defence Sector Prominent politicians and military figures have reiterated their appeals for additional City investors to support the defence sector amidst the ongoing conflict between Israel and Hamas. Challenging Perceptions: The Defence Industry’s Importance Ministers have previously cautioned that environmental, social, and governance (ESG) investors who avoid defence...

Highest UK wholesale petrol prices since February

Creative Media NewsSunday, 15 October 2023, 14:000

The latest price increase coincides with the United Kingdom preparing for heightened gas demand due to the impending cold weather this weekend and the closure of a gas field off the coast of Israel caused by the Israel-Hamas conflict. Wholesale petrol prices in the United Kingdom have risen once more and are now at their...

Farage attacks Lloyds over NatWest account termination row

Creative Media NewsSunday, 15 October 2023, 10:000

Farage’s Banking Transition Nigel Farage, the former UKIP leader, is relocating his banking services to the UK’s largest high street lender, months after Dame Alison Rose lost her job due to a debanking dispute. Farage is opening multiple accounts with Lloyds Banking Group, which owns Halifax and Lloyds networks along with wealth management services. This...

Jamie Dimon warns world of ‘most dangerous time.’

Creative Media NewsSunday, 15 October 2023, 0:000

JP Morgan’s Jamie Dimon warns of global risks. Geopolitical Concerns and Economic Risks The CEO of JP Morgan Chase, Jamie Dimon, expressed concern to investors regarding the economic risks posed by escalating geopolitical tensions. Dimon stated that conflicts in Israel and Ukraine could have repercussions on global trade, food, and energy prices. The Gaza Strip...

NatWest prepared for ex-CEO payout confrontation.

Creative Media NewsSaturday, 14 October 2023, 18:000

The board of the taxpayer-backed bank, NatWest Group, is keen to finalize the terms of Dame Alison Rose’s departure before releasing its quarterly results later this month. Share Awards Reevaluation NatWest Group is making preparations to revoke share awards and incentives totaling millions of pounds designated for its former CEO, Nigel Farage, due to an...

UK responds to World Bank aid reduction criticism

Creative Media NewsSaturday, 14 October 2023, 2:000

The development minister, Andrew Mitchell, has refuted criticism regarding aid reductions for the world’s impoverished by asserting that the United Kingdom remains a “very dominant force.” According to Mr. Mitchell, the United Kingdom was the third largest contributor to the World Bank’s fund for the world’s weakest countries. Anti-poverty organizations had accused the United Kingdom...

Agro-food exports increase by 37%

Creative Media NewsFriday, 13 October 2023, 14:000

Despite soaring domestic food inflation, Pakistan’s exports of agricultural and food products surged by a substantial 37.4% in the first quarter of the current fiscal year compared to the same period last year. The significant increase in food product exports is driven by several factors, including the unprecedented depreciation of the rupee, ongoing supply chain...

UK GDP rose 0.2% in August, official data shows.

Creative Media NewsFriday, 13 October 2023, 6:000

Meeting predictions, the UK economy increased 0.2% in August after the Office for National Statistics raised July’s GDP drop from 0.5% to 0.6%. Darren Morgan, ONS’s director of economic statistics, stated, “Our preliminary estimate shows a marginal expansion in August, with robust growth in the services sector offsetting manufacturing and construction declines.” He added that...

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