Claims of malfeasance lead to the dismissal of CBI chief Tony Danker.

Creative Media NewsWednesday, 12 April 2023, 6:000

Due to workplace complaints, the UK’s largest business group’s leader was fired. Tony Danker, who will depart the Confederation of British Industry (CBI) as a result of an investigation into his behavior towards several employees, was “shocked” by his dismissal. Three additional CBI employees have been placed on administrative leave “pending further investigation into several...

Sainsbury’s Nectar card shakeup rivals Tesco Clubcard.

Creative Media NewsTuesday, 11 April 2023, 20:000

Members of Sainsbury’s loyalty card Nectar will now receive reduced prices on select products purchased online or in-store, similar to the Tesco Clubcard discount program for cardholders. Sainsbury’s is modifying its loyalty card program to compete with Tesco’s money-saving offers. Nectar members will receive discounts on hundreds of products when they swipe their card or...

IMF claims world economy entering “perilous phase” with UK weakest in G7 this year.

Creative Media NewsTuesday, 11 April 2023, 16:000

According to Pierre-Olivier Gourinchas, chief economist of the IMF, inflation is much more persistent than anticipated. The world economy is entering a “perilous phase” of low economic growth and high financial risk, the International Monetary Fund has warned in its latest set of assessments. This week, the IMF, which is conducting its spring meetings in...

Electric vehicles might collapse older multi-storey car parks, scientists warn.

Creative Media NewsTuesday, 11 April 2023, 12:000

Experts warn that the weight of electric vehicles could cause multi-story parking garages to collapse across the United Kingdom. Electric vehicles, which are approximately twice as heavy as conventional vehicles, could cause significant damage to parking garage floors, with older, neglected structures most at risk of collapsing. New recommendations for increased load-bearing capacities are currently...

Musk: Tesla to build Shanghai battery factory.

Creative Media NewsTuesday, 11 April 2023, 2:000

Tesla, the electric vehicle company founded by Elon Musk, is expanding in China by building a new factory to produce its large-scale batteries. The Shanghai facility will be capable of producing 10,000 “Megapack” energy storage units per year, according to the company. A Megapack is an extremely large battery that can be used to stabilize...

The UK’s leading insurance broker warns that war claims will bankrupt the business.

Creative Media NewsMonday, 10 April 2023, 22:000

The chief executive officer of the largest insurance broker in the United Kingdom has warned that the industry will fail if compelled to cover the cost of claims resulting from Russia’s invasion of Ukraine. “We’d all go bankrupt” if insurers covered war expenditures, according to Howden Group CEO David Howden. The remarks were made as...

India freezes trade talks with Britain over Sikh separatist group

Creative Media NewsMonday, 10 April 2023, 16:000

The Times reported on Monday, citing British government sources, that India has “disengaged” from trade talks with Britain after accusing it of failing to condemn the Sikh separatist group that attacked the Indian High Commission in London last month. A Whitehall source told The Times, “Indians do not want to discuss trade until they see...

Paddy Power owner chooses US chairman

Creative Media NewsSunday, 9 April 2023, 6:000

Flutter Entertainment, the £26 billion FTSE-100 gambling giant, is in advanced negotiations to name John Bryant as its next chairman. The FTSE-100 gambling colossus behind Paddy Power is planning to appoint a U.S.-based businessman as its next chairman, a move that will further solidify its intentions to abandon the London stock exchange. Flutter Entertainment, which...

The Russian rouble descends to its lowest level in a year

Creative Media NewsSaturday, 8 April 2023, 8:000

Since immediately after Russia invaded Ukraine, the Russian rouble has reached its lowest level in a year. The currency fell to 82 roubles per dollar on the Moscow Stock Exchange on Friday morning. (MOEX). Since February 2022, when it began an offensive in Ukraine, Russia has been subjected to severe economic sanctions. Russia reported earlier...

IMF chief believes geopolitical conflicts and US bank failures will limit global economic growth to 3%.

Creative Media NewsSaturday, 8 April 2023, 6:000

The International Monetary Fund (IMF) strives to promote economic growth in its 190 member nations. This year’s anticipated growth is less than 3%, compared to 3.4% in 2022. According to the head of the International Monetary Fund (IMF), high-interest rates, bank failures in the United States. And geopolitical divisions in Europe will cause the global...

The global economy is seeing its slowest growth since 1990, according to the IMF.

Creative Media NewsFriday, 7 April 2023, 20:000

The International Monetary Fund president anticipates a 3% global growth rate over the next five years, the worst since 1990. Kristalina Georgieva warned that cooperation to solve the challenges was becoming “rough and hazy.” She spoke in Washington before the annual summit of the IMF. In her remarks, she advocated for increased assistance for low-income...

Brexit, supermarkets, and the cost of living put British apple farmers at risk.

Creative Media NewsThursday, 6 April 2023, 20:000

British Apples & Pears Limited warns that unless growers receive greater returns from supermarkets that purchase their produce, we may see fewer British apples on supermarket shelves. The apple-growing industry in the United Kingdom is in grave danger, as many cultivators cannot afford to replant this year. The sector faces several challenges, including a labor...

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