Britishvolt employees accept salary cuts for “more secure funding.”

Creative Media NewsWednesday, 2 November 2022, 11:000

The corporation discloses that its cash crunch is not over and that its employees have “voluntarily” chosen to take a wage cut this month. Britishvolt, which is constructing a battery gigafactory in Northumberland, has disclosed that its employees have accepted a temporary reduction in salary as the firm works to secure its financial future. It...

Richard Teatum of Doncaster buys more Joules stock.

Creative Media NewsWednesday, 2 November 2022, 3:000

Richard Teatum, a businessman from Doncaster, has acquired further shares of the floundering Joules. Teatum, who owns the automobile dealership Stoneacre Motor Group, increased his investment in the fashion retailer yummy mommy from 8.9 percent to 9.1 percent. Following the announcement, shares in Joules climbed 12.6%, or 1.2p, to 10.7p. Teatum stated, “I believe it...

City watchdog surveys lenders monthly to evaluate interest rates and mortgage storm fairness.

Creative Media NewsWednesday, 2 November 2022, 1:000

In anticipation of a mortgage crisis, the Financial Conduct Authority (FCA) is distributing weekly questionnaires to mortgage providers to collect data on rates and availability. As the regulator for mortgage lenders and administrators, along with the Prudential Regulatory Authority (PRA), the FCA is in daily contact with lenders to monitor the market. The poll inquires...

US court prohibits Penguin and Simon & Schuster combination

Creative Media NewsTuesday, 1 November 2022, 19:000

A judge in the United States has banned the $2.2 billion (£1.9 billion) merger between the world’s largest book publisher, Penguin Random House, and its rival, Simon & Schuster. US District Judge Florence Pan stated in a brief decision on Monday that the merger could “substantially” reduce competition in the publishing business. In November, the...

PM Shehbaz Sharif wants more commerce and investment with China.

Creative Media NewsTuesday, 1 November 2022, 0:000

Before his first official visit to the neighboring nation, Prime Minister Shehbaz Sharif stated that Pakistan wishes to develop its commercial and investment ties with China. In an opinion piece published in the Chinese publication Global Times, the Chinese premier characterized the relationship between his country and China as “longevity, affection, and trust.” “There is...

After Russia leaves Black Sea export arrangement, food shortages and inflation grow.

Creative Media NewsMonday, 31 October 2022, 21:000

After expectations that Russia’s attempt to restrict exports from Ukraine will exacerbate shortages and exacerbate the inflation situation, food prices increase once more. As a result of Russia’s withdrawal from an export pact aimed to safeguard vital supplies from war-torn Ukraine, the prices of wheat and other wholesale foods have risen significantly. Wheat futures increased...

Musk Twitter takeover: Billionaire denies intentions to terminate employees to dodge compensation.

Creative Media NewsMonday, 31 October 2022, 18:000

Elon Musk has rejected a New York Times story that he intends to lay off Twitter employees before the beginning of the following month to avoid having to make compensation. In response to a Twitter user’s inquiry over the report, he stated, “This is incorrect.” After months of legal fighting, Mr. Musk completed his $44...

Amazon falls 20%: Tech sector suffers as online retailer’s stock falls on faulty prediction.

Creative Media NewsSunday, 30 October 2022, 4:000

Amazon joined the despair and gloom of the tech sector yesterday night when their shares plunged by about a fifth. The online retail giant’s stock fell as much as 20% in after-hours trading on a warning that sales in the important Christmas quarter would be disappointing. Amazon anticipates net sales between £121 billion and £128...

Westminster has more electric car charging spots than Birmingham.

Creative Media NewsSunday, 30 October 2022, 3:000

The United Kingdom is slipping farther behind its plans for its electric car charging infrastructure, and a widening difference in the availability of public charging stations makes ownership of an electric vehicle (EV) in London enticing but nearly impossible in the north. Incredibly, Westminster in London has more charging stations than Birmingham, Liverpool, and Greater...

Allwyn discussions to buy Camelot UK for £100m.

Creative Media NewsSaturday, 29 October 2022, 18:000

Allwyn Entertainment is in advanced negotiations to acquire the business it will replace as operator of the UK’s National Lottery in February 2024. The next operator of the National Lottery is in negotiations to acquire the current operator, Camelot, in a £100 million agreement that would eliminate Camelot’s final legal fight against the industry regulator....

The CEO of NatWest defends the amount of tax banks pay.

Creative Media NewsFriday, 28 October 2022, 20:000

Alison Rose stated that financial and political stability is required after the economic turbulence brought about by Liz Truss’s mini-budget. State-controlled NatWest’s CEO has defended the amount of taxes paid by large banks. The chief executive officer, Alison Rose, stated that banks were taxed more than “any other sector” including financial service industries in other...

Despite inflation, the US economy is holding its own.

Creative Media NewsFriday, 28 October 2022, 4:000

The US economy has performed better than anticipated, as consumers continue to spend despite rising prices and borrowing costs. After two consecutive quarters of contraction, the economy returned to growth in the three months ending in September, expanding at an annual pace of 2.6%. This is one of the last significant economic assessments before the...

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