Mick Lynch slams the government as a train strike causes chaos.

Creative Media NewsSaturday, 8 October 2022, 15:000

More than 40,000 Rail, Maritime, and Transport (RMT) union members at Network Rail and 15 train operating firms have walked off the job in a dispute over jobs, wages, and working conditions. Mick Lynch, the leader of the union, compared the government to a lingering “foul odor” and asserted that they “don’t know what they’re...

Europe will standardize phone chargers in 2024, forcing Apple to use USB-C.

Creative Media NewsSaturday, 8 October 2022, 2:000

Apple has opposed the idea in the past, arguing that it would hinder innovation and generate waste. The European Parliament has voted to implement a mobile phone charging port standard. By 2024, all smartphones, tablets, and cameras will be required to use USB-C connectors, the current charging standard for Android devices. The shift will have...

In case of gas shortages, plan three-hour blackouts to prioritize heating.

Creative Media NewsFriday, 7 October 2022, 11:000

It is intended that the incentive of money back for homeowners participating in an energy-saving program will help avert outages over the upcoming chilly winter months. The nation has been informed that the likelihood of gas shortages this winter has increased significantly, requiring a contingency plan to prioritize heating. In the “unlikely” event that gas...

Risk of a £50 billion bond sale prompted a Bank of England emergency measure.

Creative Media NewsFriday, 7 October 2022, 10:000

The aftermath of the mini-budget might have resulted in a £50 billion firesale of UK government bonds by pension funds, according to the Bank of England. It was stated that there was a potential for a downward “spiral” as the cost of government borrowing increased. The Bank feared that these funds would be obliged to...

National Grid warns of possible power outages throughout the winter months.

Creative Media NewsFriday, 7 October 2022, 8:000

National Grid has warned that if gas supplies fall dangerously low this winter, British homes might lose electricity for up to three hours at a time. The business stated that supply outages were “unlikely” but that they were possible if the energy crisis deteriorated. There would likely be interruptions during busy hours, and customers would...

Saturday will see only one in five trains operating due to a rail strike.

Creative Media NewsThursday, 6 October 2022, 22:000

This Saturday, only 20% of Britain’s trains will operate owing to a strike, and passengers are advised to only travel if essential. On the eighth day of action over wages and conditions, RMT members at 15 train companies and Network Rail will strike. Trains will depart late and arrive early, and it is anticipated that...

Lenders urge Chancellor Kwasi Kwarteng to prolong mortgage guarantee programmed.

Creative Media NewsThursday, 6 October 2022, 11:000

Executives from major banks will ask the chancellor to extend a home loan guarantee program that is set to expire at the end of the year. The largest mortgage lenders in the United Kingdom will push the chancellor to extend a government program that helps first-time buyers get on the property ladder. Officials from major...

Tesco “inflates prices less and later” than the competition.

Creative Media NewsWednesday, 5 October 2022, 14:000

The corporation cautions that its annual profits will fall short of forecasts as it invests in its prices and personnel to strengthen its defenses against the threat presented by bargain competitors. As family finances tighten, the CEO of the largest retailer in the United Kingdom has stated that his company is “increasing prices a little...

Kwarteng will meet high street bank heads amid mortgage market freeze

Creative Media NewsWednesday, 5 October 2022, 13:000

Concerned about the impact of recent market upheaval on the availability of home loans, the chancellor will meet on Thursday with executives from banks like Barclays and NatWest. In response to concerns about the impact of recent financial instability on the mortgage market, Kwasi Kwarteng has invited executives from Britain’s largest high-street banks for discussions....

As daily production decreases by two million barrels, oil prices will increase.

Creative Media NewsWednesday, 5 October 2022, 11:000

The statement was widely anticipated, and oil prices had increased by 5 percent since Friday. Brent crude prices increased to $91.95 (£81.69) as a result of the news of the output decrease. The Organisation of the Petroleum Exporting Countries (Opec) and Russia have agreed to reduce daily oil production by two million barrels, or 2%...

iPhone 14 Pro and Pro Max aren’t available until NOVEMBER. Apple’s latest smartphones have a one-month wait due to high demand.

Creative Media NewsWednesday, 5 October 2022, 3:000

Apple’s new iPhone 14 Pro and Pro Max will not be available to consumers until November due to high demand. The device’s initial release date is October 7, and anyone who pre-ordered a gadget should still receive it on time; however, Apple’s website indicates that shipping will occur between November 3 and November 10. Industry...

After a U-turn on the debt plan, the pound reaches a two-week high.

Creative Media NewsTuesday, 4 October 2022, 12:000

The pound has reached its highest level in two weeks as a result of the chancellor’s attempt to soothe investors by promising to outline his plan to reduce debt. After Kwasi Kwarteng’s plans to finance tax cuts with further borrowing alarmed investors, the currency climbed above $1.14 and recovered. He will explain how the cuts...

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