Over 130 bus companies will offer £2 fares

Creative Media NewsMonday, 19 December 2022, 23:000

Next month, more than 130 bus companies outside of London will begin capping adult single tickets at £2 as part of a government-funded initiative to help passengers save money. From 1 January to 31 March, National Express and Stagecoach will be among the companies to implement the cap in England. According to the government, single...

From defence weapons to cow feed, how our tips helped you in 2022

Creative Media NewsSunday, 18 December 2022, 22:000

What will people have to say about the stock market in 2022? It was tumultuous, unfriendly, and occasionally hazardous. Emerging unsteadily from the pandemic, shares have been pummelling by the war in Ukraine, surging oil prices, high inflation, political uncertainty, and a loss in consumer, corporate, and investor confidence. Smaller businesses have been hit the...

RMT chief Mick Lynch believes a pay deal with train companies is ‘attainable’

Creative Media NewsSunday, 18 December 2022, 3:000

The RMT union is involved in two conflicts: one with Network Rail, where it represents approximately 20,000 signallers and maintenance workers, and another with the Rail Delivery Group, where it represents approximately 20,000 workers at 14 train companies. A compromise between railway companies and rail unions is “attainable,” according to Mick Lynch, the head of...

Christmas weekend train strikes

Creative Media NewsSaturday, 17 December 2022, 18:000

As rail employees resume their strike action on Saturday, the final weekend before Christmas will be marred by additional delays for travelers. As RMT union members enter the second day of their latest 48-hour walkout, most services are impacted. Network Rail has warned passengers to only take trains when necessary. The strikes occur when retailers...

US-China chip war: technology dispute

Creative Media NewsSaturday, 17 December 2022, 9:000

The United States is accelerating its efforts to impede China’s advancement in the semiconductor industry, which is essential for everything from cellphones to armaments. In October, Washington issued the most expansive export curbs to date, mandating licenses for companies shipping chips to China using US-made tools or software, regardless of where the chips were manufactured....

Rail, transit, and highway workers strike over pay

Creative Media NewsSaturday, 17 December 2022, 8:000

The fresh strikes come just one day after the first nurses’ walkout – the latest incident in the government’s winter of woe. Today, train, bus, and highway workers in the United Kingdom have walked off the job in the ongoing conflict over wages and working conditions, causing further travel disruptions in some areas. After failed...

EU sanctions over Twitter’s journalist ban

Creative Media NewsSaturday, 17 December 2022, 7:000

The EU has threatened Twitter owner Elon Musk with sanctions following the sudden suspension of the accounts of several journalists covering the firm. New York Times, CNN, and Washington Post journalists were among those shut out of their accounts. EU commissioner Vera Jourova emphasized that respect for media freedom is required by the EU’s Digital...

Currys reduces profit forecast due to overseas discounting.

Creative Media NewsFriday, 16 December 2022, 12:000

While the company’s UK and Ireland operations were profitable, the group’s financial performance was hampered by discounting by competitors in other regions, which hampered sales. Currys has reduced its annual profit forecast after falling into the red during the first half of its fiscal year. The UK-based corporation, which has more than 800 stores in...

Oxford spinouts chief quits following £250m sale

Creative Media NewsFriday, 16 December 2022, 11:000

Alexis Dormandy will step down as CEO of Oxford Science Enterprises just two years after joining, amid rumors of problems within the academic spinoff investor. The chief executive of the investment firm that finances start-ups based on academic research at Oxford University are resigning just months after raising £250 million. Alexis Dormandy, who joined Oxford...

Smart motorway technology must improve ‘urgently’

Creative Media NewsFriday, 16 December 2022, 4:000

The transportation watchdog has stated that technology geared at boosting safety on all-lane running smart highways has to be enhanced “urgently.” The Office for Rail and Road (ORR) stated that radar-based equipment intended to increase the detection of stranded vehicles on smart motorways with no hard shoulder is falling short of its goals. All-lane highways...

The Bank of England raises rates for the eighth straight time to combat inflation.

Creative Media NewsThursday, 15 December 2022, 18:000

Certain debtors will face immediate payment increases as the Bank maintains its inflationary pressure despite a three-way split on its monetary policy committee. The Bank of England has increased interest rates by 0.5 percentage points, its ninth straight hike as it continues to combat inflation. The monetary policy committee (MPC) decision increased the bank rate...

How the rise impacts you and how high it could go

Creative Media NewsThursday, 15 December 2022, 16:000

As the cost of living climbs, the Bank of England has once more raised interest rates. Following the most recent meeting of the Monetary Policy Committee, the benchmark rate has risen from 3% to 3.5%. Since December 2021, this is the ninth consecutive price increase. The rate has not been this high in fourteen years....

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