EU investigates AliExpress for illicit online goods

Creative Media NewsFriday, 15 March 2024, 10:540

The European Commission has initiated a formal investigation into the Chinese e-commerce platform AliExpress in response to allegations of illicit and explicit material being hosted on the site.The European Union's executive arm announced on Thursday that it would conduct an investigation into the e-commerce behemoth by the Digital Services Act (DSA), which mandates that platforms enforce greater measures against harmful and illicit products.

The British economy recovers to expansion

Creative Media NewsThursday, 14 March 2024, 8:270

According to official data, January marked the return of expansion to the British economy.The gross domestic product (GDP), representing all goods and services produced in the United Kingdom, increased by 0.2%, according to the Office for National Statistics (ONS).It is the first official announcement of economic growth since last month when a recession was officially declared following two consecutive three-month periods of negative growth.

Metro Bank cuts 1,000 jobs, narrows losses

Creative Media NewsWednesday, 13 March 2024, 14:131

Approximately 800 positions were under review, according to Metro Bank at the end of the previous year, pending "further evaluation of the cost base."Following a balance sheet crisis the previous year, during which Metro Bank managed to secure new financing and a debt refinancing package amidst concerns for its survival, the lender initiated a cost-cutting initiative.

Labour: Scrapping non-dom tax humiliates government

Creative Media NewsTuesday, 12 March 2024, 14:360

Rachel Reeves responded when asked why she did not commend the chancellor for adopting an idea she endorses: "Consider the positive impact that could have resulted had the chancellor and prime minister taken this action years ago… "They have exhausted their supply of ideas."Eliminating the non-dom tax status for affluent foreign nationals, according to shadow chancellor Rachel Reeves, is "a complete disgrace for this government."

U.S. firm Elliot abandons its merger bid for Currys

Creative Media NewsMonday, 11 March 2024, 13:490

Elliot Advisors, an American investment firm, reconsidered its acquisition offer for Currys after the retailer's board "multiple times" rejected it.It initially made an offer for the electrical chain, valued at £700 million, subsequently increasing to £757 million.However, Currys rejected the offers, asserting they "substantially underestimated" the company's worth.

The $1 deal’s implications for the American office market

Creative Media NewsSunday, 10 March 2024, 17:270

The 61-year-old, who operated from his vantage point on Park Avenue South, supervised the higher education of two children and twelve employees while serving salads and sandwiches to the office workers who flocked in from neighbouring structures.It currently provides a vantage point from which to observe what some are dubbing the "apocalypse" of the workplace in America.

City pay should reflect ‘shocking’ misogyny and assault

Creative Media NewsSaturday, 9 March 2024, 23:500

The report on sexism in the city recommended that non-disclosure agreements (NDAs) be prohibited in sexual harassment cases so that offenders cannot continue to harm victims while they are compelled to remain mute.As efforts to combat misogyny in the City of London "move at a snail's pace," an influential committee of Members of Parliament has urged the government to provide legal requirements for including pay scales in job advertisements and prohibit employers from inquiring about employment history.

Recent Tesco supermarket to raise employee compensation

Creative Media NewsThursday, 7 March 2024, 14:341

Tesco is the most recent supermarket to increase wages to retain employees in light of the increasing minimum wage and other challenges retailers face.In April, the hourly wage for store employees will increase from £11.02 to £12.02, whereas London workers will earn £13.15 per hour.Tesco stated that the increase will benefit over two hundred thousand employees.

Tesla fire: Musk calls ‘stupid eco-terrorists’

Creative Media NewsWednesday, 6 March 2024, 20:250

Elon Musk described as "dumb" the alleged arson assault that halted production at Tesla's Berlin assembly plant.According to a far-left activist organization, the site was targeted due to its substantial utilization of resources and labor.The automotive manufacturer predicts that production will not recommence until the following week, at a cost in the "high nine-figure euro range."

New share sale brings Rising Tide near $1bn

Creative Media NewsSaturday, 2 March 2024, 17:010

Tide, established in 2015, is on the verge of announcing a secondary share sale that could make it the latest British technology unicorn.The business banking services platform, Tide, is close to completing a share offering that will potentially value it at $1 billion, joining the ranks of the latest British fintech unicorns.

A family forfeits £165 due to a Ryanair check-in dispute

Creative Media NewsThursday, 29 February 2024, 0:000

A passenger who prevailed in his dispute with Ryanair over the £165 airport check-in fee has stated that he has no regrets about flying with the airline."At that moment, I was so angry that I felt compelled to attempt something. It ruined a few days of my holiday," explained Damian Lloyd, a father of two from Neath.

Currys declines Elliott’s second offer to acquire the company

Creative Media NewsWednesday, 28 February 2024, 12:000

Currys has declined Elliott's second takeover proposal, stating that the electronics retailer was "substantially undervalued."Elliott increased the retailer's valuation from £700 million earlier this month to approximately £757 million.The British firm is in competition with Chinese rival JD.com, which has also indicated interest in acquiring the American company.

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