Bernard Arnault surpasses Elon Musk as world’s richest person.

Creative Media NewsThursday, 15 December 2022, 6:000

Since September 2021, when he surpassed Amazon’s Jeff Bezos to become the world’s wealthiest individual, the CEO of Twitter and Tesla held the title of world’s richest person. LVMH chairman and CEO Bernard Arnault have usurped Twitter and Tesla CEO Elon Musk’s position as the world’s richest person. According to Forbes’ real-time billionaire’s list, the...

Wine, gin, and whisky prices rise before Christmas.

Creative Media NewsThursday, 15 December 2022, 4:000

Ahead of the holidays, the price of wine, gin, and whisky has risen, increasing the cost of drinking out. Last month, all alcohol costs increased in bars, restaurants, and cafés, including the price of bitter and lager. Official statistics indicate that the cost of a night out is increasing at its quickest rate since 1991....

Inflation falls to 10.7%, but a night out costs more before Christmas.

Creative Media NewsWednesday, 14 December 2022, 13:000

The ONS reports that the cost of a Christmas party has increased at the quickest rate since 1991, but that the general rate of inflation has slowed, led by the price of motor fuels. The rate of inflation decreased to 10.7% from 11.1% last month, according to official data indicating that food and the cost...

Worst strike month in over a decade

Creative Media NewsTuesday, 13 December 2022, 13:000

According to official statistics, the number of working days lost to strikes in October hit its highest level in more than a decade. In October 2022, around 417,000 working days were lost due to labor disputes, the largest number since November 2011. The United Kingdom has been plagued by major industrial action this year, as...

Second-lowest real pay increase since records began; unemployment rate rises

Creative Media NewsTuesday, 13 December 2022, 12:000

The ONS analyses the impact of inflation on salaries, and data indicates that October had the highest number of working days lost to strike action since November 2011. In October, the United Kingdom experienced its second-largest decline in real wage growth since records began in 2001, and the unemployment rate increased, according to newly released...

Metro Bank fined £10m for misleading financial data; bosses defend personal penalty.

Creative Media NewsTuesday, 13 December 2022, 3:000

The UK’s financial services regulator has fined Metro Bank around £10 million for providing incorrect information to investors in its quarterly results four years ago. Additionally, former chief executive Craig Donaldson and former chief financial officer David Arden have been ordered to pay £223,100 and £134,600, respectively, for knowledge of the violation. In its 2018...

October brings growth, but recession remains.

Creative Media NewsTuesday, 13 December 2022, 2:000

As the impact of the Queen’s burial continues to play out in UK growth numbers, there is no dramatic turnaround in output to celebrate. According to preliminary official data, the economy resumed growth in October. However, experts predict that this may be the final time for some time that the economy shows growth. The Office...

Twitter relaunches paid blue ticks as Musk ups character limit

Creative Media NewsTuesday, 13 December 2022, 0:000

In addition to relaunching Twitter Blue, the network has also included “community notes,” a user-driven fact-checking system. According to Elon Musk, there will also be a substantial rise in the character limit. Following a disastrous launch that saw the network swamped with imposters, Twitter has relaunched its premium membership. After assuming control of Twitter in...

UK economy will worsen before improving, says chancellor

Creative Media NewsMonday, 12 December 2022, 20:000

Jeremy Hunt, the Chancellor of the United Kingdom, has predicted that the economy will worsen before it improves, following the release of data showing that it contracted more between August and October. The economy declined by 0.3% during the past three months due to the impact of rising costs on firms and people, and the...

Will worker-company conflict end?

Creative Media NewsMonday, 12 December 2022, 2:000

In all the years I’ve covered business, I’ve never seen such a collision between employees and employers. This winter has seen one of the largest levels of work stoppages in recent memory, as millions of public and private sector employees demand bigger wage increases to match the growing cost of living. According to the Financial...

Tesco will look for Allan Cook’s successor.

Creative Media NewsSunday, 11 December 2022, 11:000

As John Allan prepares to step down from the leadership of Britain’s largest retailer, Tesco will launch a formal search for its next chairman in early 2023. The largest retailer in the United Kingdom is about to launch a search for a new chairman, kicking off a competition to occupy one of the most prominent...

Mysterious ‘kid in the box’ murder yields key clue, restoring child’s dignity

Creative Media NewsSaturday, 10 December 2022, 11:000

The child’s nude, horribly battered, and the starved body was discovered in a Philadelphia forested area in February 1957, and his murderer has never been apprehended despite a complex investigation that captivated the nation. Nearly seven decades after the battered remains of a young boy were discovered crammed into a cardboard box, US police have...

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