There are more people looking for employment as the number of available positions decreases.

Creative Media NewsThursday, 20 April 2023, 4:000

The rise in the number of individuals seeking employment coincides with a decline in job openings, indicating that the uncertain economic outlook is negatively impacting employment. Approximately 220,000 more persons sought employment between December and February than in the preceding three months. The unemployment rate increased marginally and job openings decreased for the ninth consecutive...

UK unemployment rises as pay growth exceeds expectations.

Creative Media NewsWednesday, 19 April 2023, 14:000

A mixed set of economic data reveals that the number of individuals deemed economically inactive due to long-term illness has reached an all-time high. In the three months preceding February, the unemployment rate in the United Kingdom increased to 3.8%, according to official data that also revealed a faster-than-anticipated increase in wage growth. The Office...

China recovers after epidemic measures.

Creative Media NewsWednesday, 19 April 2023, 10:000

In the first three months of the year, China’s economy grew faster than anticipated as the country arose from its severe Covid restrictions. According to official data, the gross domestic product (GDP) increased by 4.5% compared to the same period last year. The leading indicator of economic activity increased due to an increase in household...

Anger as prepayment energy meter force-fittings to be allowed again

Creative Media NewsWednesday, 19 April 2023, 0:000

Activists who favor a complete ban have criticized stricter regulations governing the homes that can be forcibly converted to prepaid energy meters. Customers must be given more time to pay off their obligations, and forced meter installations will no longer be permitted in residences where all residents are over 85 years old, according to Ofgem....

Quiz shares fall 20% as sales drop and apparel company warns of ‘reduced visibility’ for the year ahead amid spending crunch.

Creative Media NewsTuesday, 18 April 2023, 12:000

Quiz’s shares plummeted after February and March sales fell due to consumers tightening their belts. The group also cautioned that pressures on consumer expenditure were likely to persist and could have an impact on demand for its products, thereby reducing visibility for the coming year. Quiz sells partywear and upscale casual wear in its 62...

Manchester United sale: Carlyle negotiations before Glazers’ deadline

Creative Media NewsSaturday, 15 April 2023, 16:000

The Nasdaq-listed investment giant has suggested a minority investment in the Carabao Cup victors. As the auction of the Premier League club nears its conclusion, the colossal American investor Carlyle is in negotiations to make a substantial investment in Manchester United Football Club. Carlyle is one of several parties that have proposed acquiring a minority...

Tesco warns of ‘record’ inflation but lowers milk prices.

Creative Media NewsFriday, 14 April 2023, 20:000

Tesco has reduced the price of a pint of milk from 95p to 90p in anticipation of rising domestic delivery costs. Tesco’s board of directors is feeling the effects of higher prices, as profits have decreased despite an increase in sales. High energy and labor costs, as well as 17.5% food inflation, have reduced the...

Strikes harm productivity, stalling UK economy in February.

Creative Media NewsFriday, 14 April 2023, 16:000

The lack of expansion was unanticipated; 0.1% had been anticipated. According to official data, the British economy stagnated in February, with no growth in the gross domestic product. The Office of National Statistics (ONS) data revealed that civil service strikes and low energy consumption countered growth in sectors like construction, which grew 2.4%. The flatlining...

As US inflation decreases, may the Fed soon quit raising rates?

Creative Media NewsThursday, 13 April 2023, 20:000

Inflation in the United States slowed in March, reducing the likelihood that the Federal Reserve will raise interest rates again next month. According to the US Bureau of Labor Statistics, annual headline inflation in the United States decreased from 6% to 5% in March, below expectations of 5.1%, as monthly inflation declined from 0.4% to...

Lowest cash demand since central banks stockpiled notes amid millennium bug worries.

Creative Media NewsThursday, 13 April 2023, 6:000

In a trading report, British banknote producer De La Rue predicted lower profitability due to lower demand. The solitary currency printer for the Bank of England reported that demand for banknotes is at its lowest level since central banks stockpiled cash out of fear of the Y2K bug. De La Rue, a British banknote producer,...

Alibaba, the Chinese tech behemoth, will launch a ChatGPT competitor.

Creative Media NewsWednesday, 12 April 2023, 16:000

Alibaba has announced intentions to launch Tongyi Qianwen, its artificial intelligence (AI)-based ChatGPT-like product. Its cloud computing division stated that it will integrate the chatbot across all of Alibaba’s enterprises in the “near future” but did not specify a timeframe. In recent months, technology companies from all over the globe have unveiled their so-called artificial...

Tupperware warns it may cease operations

Creative Media NewsWednesday, 12 April 2023, 14:000

In the 1960s and 1970s, the US company became famous for its iconic “Tupperware parties”. However, it has struggled in recent years to adapt to the changing market. Tupperware, a U.S. food storage container maker, has warned that it may go out of business without new investment. The 77-year-old company’s shares plunged roughly 50% on...

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