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UK economy shrinks, recession looms.

The economy of the United Kingdom contracted between July and September, according to the most recent official data. During the three months, the GDP shrunk by 0.2% due to the impact of rising costs on firms and households. A nation is in recession when its economy contracts for two consecutive three-month...

Official GDP figures reflect a first step towards recession.

Early official estimates indicate that the British economy fell by 0.2% in the third quarter, prompting the chancellor to warn that the "tough path ahead" will need "very difficult decisions." The number indicated the beginning of a recession. The Office for National Statistics (ONS) recorded a decrease in output for September,...

John Lewis, Tesco, and Lidl reduce their Christmas commercials.

As usual, many Christmas advertisements on television evoke sentimentality, nostalgia, and happiness. As the cost of living rises, however, several shops have chosen a more subdued approach to their marketing campaigns this year. John Lewis stated that its campaign, which featured a foster family, was less about purchasing items and more...

Binance’s U-turn on FTX rescue worsens the crypto crisis.

According to reports, regulators and U.S. officials are investigating as the FTX exchange teeters on the edge of collapse following a flurry of withdrawals that have left consumers facing significant losses. Overnight, Bitcoin lingered just over a two-year low, while other cryptocurrencies suffered significant losses as FTX teetered on the...

Mental health crisis shrinks UK workforce, fueling personnel shortages.

The number of people who are neither working nor looking for work has increased to about nine million, and statistics indicate that long-term illness and, in particular, mental health disorders are to blame. The United Kingdom is engulfed in a mental health crisis that is prompting workers to leave the...

Elon Musk tweets to the Northern Ireland secretary, “What does ‘tosh’ look like?”

The billionaire owner of Twitter, Elon Musk, has reacted to the Northern Ireland secretary of state's request to remove fake news from the platform. The debate occurred after Chris Heaton-Harris refuted resignation rumors after a bogus email was distributed. Mr. Heaton-Harris referred to the bogus resignation email as "total nonsense." The richest...

Brexit-supporting Next CEO believes the country needs more foreign labor

To alleviate labor shortages, the CEO of Next has urged the British government to allow more foreign employees into the country. Lord Wolfson, a prominent Brexit supporter, stated that the United Kingdom's present immigration policy was stifling economic growth. He suggested that firms should be taxed for employing foreign workers to...

Elon Musk sells nearly $4 billion additional Tesla shares after Twitter acquisition.

The world's richest man has again sold Tesla shares to earn cash but has yet to explain for doing so just days after laying off approximately half of Twitter's employees. After completing his takeover of Twitter, Elon Musk sold about $4 billion (£3.46 billion) in Tesla stock. According to documents with...

M&S warns of an impending “storm” as rising prices erode profitability.

The company asserts that it is in a strong position to overcome the challenges ahead, even though prices have negatively impacted its bottom line in the lead-up to the crucial Christmas season. However, its stock price plummets as it anticipates a difficult 2023. Marks and Spencer (M&S) has revealed a...

Facebook owner Meta will lay off 11,000 workers

Meta, the owner of Facebook, Instagram, and WhatsApp, has stated it will reduce its workforce by 13 percent. The first mass layoffs in the company's history will result in the termination of 11,000 employees out of a total workforce of 87,000. Mark Zuckerberg, chief executive officer of Meta, described the layoffs...

Made.com fails, threatening thousands of orders.

Next will not retain any employees as it acquires a portion of a failing online furniture retailer. Made.com has entered administration, resulting in the termination of all 573 employees and the suspension of thousands of customer orders. When it was reported that the online furniture retailer's operating company had formally folded...

The owner of Facebook and Instagram, Meta, will lay off almost 11,000 employees.

Mark Zuckerberg acknowledges his errors contributed to Meta's difficulties as he apologizes for the need to lay off so many employees as part of broader efforts to reduce costs and concentrate the firm. The owner of Facebook and Instagram, Meta, has laid off 13 percent of its workers in response...

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Spurs-Arsenal edge, derby mentality trumps form

In the week following their elimination from the Champions League and loss to Aston Villa, Arsenal faced speculation that their season might come undone. Since then, they have triumphed at Wolves and dominated Chelsea, but on Sunday, they will be put to the measure of their credentials against their bitter rivals Tottenham. 

US college protests: Hundreds arrested in Gaza solidarity rallies

As demonstrations against the Israeli-Palestinian conflict escalate on college campuses, law enforcement has apprehended hundreds of additional demonstrators all over the United States.  Boston police reported 108 arrests at Emerson College.  A total of 93 individuals were apprehended earlier today at the University of Southern California (USC) in Los Angeles on suspicion of trespassing.

UK weather: Why is it chilly now and when will it warm up?

Parts of the United Kingdom are expected to experience temperatures that fall to or below zero tonight and possibly again tomorrow. A portion of England experienced temperatures approaching 22 degrees Celsius earlier this month, which could have led some to believe that spring had arrived. However, as May approaches, temperatures have fallen precipitously, compelling some to reapply their winter coats and others to reactivate the heating system.

Premier League announces £40m Guinness partnership

Twenty premier clubs have been informed of a proposed four-year agreement with FTSE-100 beverages behemoth Diageo that would cost more than £41 million.  The Premier League of English football is celebrating a £40 million sponsorship agreement with Guinness, which the Diageo-owned brand secured after Heineken withdrew its competition.