Sainsbury’s and Unilever deny that their prices are excessive

Creative Media NewsThursday, 27 April 2023, 16:000

Unilever, Marmite’s maker, and Sainsbury’s, a grocery chain, deny price hike reports. It comes after the Office for National Statistics (ONS) informed that supermarkets have not yet reflected global food price declines. Unilever stated that it was not “profiting in any way” from price increases. Sainsbury’s stated that it had invested millions in pricing reductions and...

Amazon customers victimised by scarf fraud

Creative Media NewsThursday, 27 April 2023, 2:000

According to Which?, random Amazon consumers are being targeted by sellers in what is known as a “brushing” scam. According to the consumer advocacy group, “shady” retailers were shipping out “Suzhichou”-branded scarves to increase sales and generate fake reviews on the website. The “sales” then improve their products’ search engine rankings. Amazon stated that “brushing”...

City’s ruling body abandons CBI.

Creative Media NewsWednesday, 26 April 2023, 0:000

The governing body of the City of London has administered a fresh blow to the CBI by announcing that it has suspended its membership in the scandal-plagued business lobbying group. The decision of the City of London Corporation will not inspire confidence in the CBI’s efforts to endure the crisis. The City of London Corporation...

First Republic Bank: $100bn+ withdrawals this year

Creative Media NewsTuesday, 25 April 2023, 22:000

In the first three months of the year, First Republic Bank customers withdrew more than $100bn (£80bn) from their accounts due to concerns about the health of the global banking system. The US bank reports that its deposits have decreased by more than 40 percent since the end of December. The Swiss banking giant Credit...

£55 billion was withdrawn from Credit Suisse prior to rescue

Creative Media NewsMonday, 24 April 2023, 12:001

Credit Suisse has disclosed the magnitude of the bank panic that prompted its March state-backed rescue. In the first three months of the year, 61.2 billion Swiss francs (£55.2 billion; $68.6 billion) departed the bank, according to the Swiss banking giant. It occurred as the lender reported what is likely its final financial results. It...

Twitter’s blue tick purging reinvigorates misinformation.

Creative Media NewsMonday, 24 April 2023, 2:000

It was unsettling to see the Twitter accounts of notable figures, government organizations, and multinational corporations without a blue authority checkmark next to their name. The decision to eliminate the tick marks has reignited misinformation concerns, which, according to some experts, were never adequately addressed. The symbol had become recognized as a sign of reliability....

After turmoil, CBI suspends vital activity.

Creative Media NewsFriday, 21 April 2023, 10:000

After a new allegation of sexual misconduct, business and industry titans resigned or suspended their collaboration with the employers’ group. As a result of the scandal engulfing the business lobbying organization, the CBI has suspended all operations until June. This is because several significant companies have either terminated their membership or ceased working with the...

Wet weather lowers retail sales and raises cost of living.

Creative Media NewsFriday, 21 April 2023, 0:000

The latest official numbers show that heavy rainfall and household budget constraints reduced expenditure last month. According to experts, a drop in retail sales last month could be largely attributed to an adverse weather event. The Office for National Statistics (ONS) reported a 0.9% decline in retail sales volumes in March. The first monthly decline...

Shanghai Auto Show: Mini addresses Chinese ice cream racism uproar

Creative Media NewsThursday, 20 April 2023, 18:000

Mini has responded to an online backlash in China accusing it of bigotry during the Shanghai Auto Show. A video from the event appeared to show Mini employees offering ice cream to non-Chinese attendees but refusing to do so for Chinese guests. According to Mini China, which is owned by BMW in Germany, the sweets...

Halfords expects sales and profit to rise after ‘very tough conditions’.

Creative Media NewsThursday, 20 April 2023, 12:000

As the bicycle and automotive products retailer recover from “extremely challenging conditions,” Halfords anticipates a rise in sales and profit in the midterm. During the pandemic, business was booming, but in the past year, the company has been under pressure due to rising inflation and declining consumer confidence. Before today’s capital markets day presentation, Halfords...

The ombudsman reports a record number of electric car owners complaining in the first three months of 2023.

Creative Media NewsThursday, 20 April 2023, 10:000

In the first three months of 2023, electric vehicle owners expressed a record number of complaints about their vehicles. The Motor Ombudsman received 273 complaints in January–March, 163% more than in 2022 (104). Despite owner worries, this was attributed to the rising number of electric vehicles on the road. One-third of all complaints were about...

Apple launches first India store as enthusiasts take photos with vintage devices.

Creative Media NewsThursday, 20 April 2023, 6:000

On Tuesday, approximately 300 people lined up at Apple’s store in Mumbai as admirers took selfies with Chief Executive Tim Cook, who opened the company’s first retail store in India, highlighting the significance of its market. A magnificent opening party with local music and folk dancers drew people from throughout the country. Apple items are...

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