Ms Reeves has already warned of “tough decisions” in her maiden Budget this autumn, including on welfare. “If you can work, you should work,” she said after official figures showed worklessness in Britain rose to its highest level in more than a decade. The country’s strong economic performance was achieved despite the economy flatlining in...
Tag: business
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Midlands start-up loans top £150m
£150 million worth of loans have now been delivered in the Midlands region. Almost 9,500 loans have been made to entrepreneurs within the West Midlands. It was revealed in September 2023 that Start Up Loans had delivered over £1 billion worth of loans nationwide since 2012 and the Midlands was a large contributor towards that....
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Holidays in chaos after global IT meltdown
Television channels, airports and banks around the world have been knocked offline in a massive outage causing Windows computers to suddenly shut down. Sky News’s breakfast show was not on air on Friday morning, replaced by archive footage. Downdetector, a website which monitors outages, reported sudden spikes in problems with websites including Microsoft applications, banking...
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777 Partners’ London Lions Basketball Team Faces Closure by Creditors
(Bloomberg) — A London basketball team owned by beleaguered investment firm 777 Partners risks closure in a legal action supported by a slew of creditors. The London Lions, a basketball club that 777 purchased in 2020, is facing a winding-up petition from one of its clothing suppliers, a court heard on Wednesday. AB Realisations 2023...
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DrayTek Survey Reveals What UK Businesses Think of their ISP
Networking kit manufacturer DrayTek, which is a familiar name in the broadband connectivity world, has published a new ‘ISP Performance and Perceptions Survey 2024’, which reveals what business users really think about their Internet Service Provider and what they view as their most crucial connectivity needs. The survey – download here – appears to be...
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Burberry stock sinks 16% on an ousted CEO and a warning of low profits
Advertising posters for fashion house Burberry high above buildings in Knightsbridge in London, United Kingdom. Image: Mike Kemp/In Pictures (Getty Images) British luxury fashion giant Burberry is having a tough time. Shares of Burberry plummeted 16% during early afternoon hours after the company reported dismal first quarter earnings in which it warned of a slump...
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Alibaba Announces NBA Legend Tony Parker as Newest Global Ambassador Ahead of the Olympics
Tony Parker is continuing to add to his extensive post-NBA resume. On Wednesday, it was announced that the four-time NBA champion and two-time Olympic representative of France is now the newest global ambassador for Alibaba, the multinational technology company that connects B2B buyers and suppliers from countries all over the globe. The partnership is beneficial...
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ANALYSIS | Britain veers left, but Labour’s honeymoon may be short-lived | CBC News
The Labour Party has stormed back into power in the United Kingdom after 14 years in opposition, promising to replace the “chaos of the Conservatives” with a bland, utilitarian agenda to fix the things in the country that are broken. “The change begins right here,” said Leader Keir Starmer after leading his party to a resounding 412...
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Philippine British Business Council celebrates 30th anniversary
AS the Philippine British Business Council (PBBC) moves toward its 30th anniversary under its new London chairman, Joseph Miro, the background for the further development of bilateral trade and direct investment opportunities for both countries has never been stronger. In 2024, it welcomed Gabriella Tuason Quimson and Stephen Phillips, among others, as members of the...
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BMCC’S 5TH BEA 2024 CELEBRATES UK-MALAYSIA BUSINESS ACHIEVEMENTS
SUBANG JAYA, May 22 (Bernama) — The fifth Business Excellence Awards (BEA) of 2024, hosted by the British Malaysian Chamber of Commerce (BMCC), celebrated the exemplary achievements of companies from the United Kingdom (UK) and Malaysia across seven categories. Among 48 nominees, Smith & Nephew Operations Sdn Bhd, a medical equipment manufacturer, received the UK-Malaysian Business...
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World leaders plan new agreement on AI at virtual summit co-hosted by South Korea, UK
SEOUL, South Korea — World leaders are expected to adopt a new agreement on artificial intelligence when they gather virtually Tuesday to discuss AI’s potential risks but also ways to promote its benefits and innovation. The AI Seoul Summit is a follow-up to November’s inaugural AI Safety Summit at Bletchley Park in the United Kingdom,...
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The undersea nuclear graveyard now more costly than HS2
Steve Thomas, emeritus professor of energy policy at Greenwich University, an expert in nuclear economics and policy, points out that we have built lots of rail lines and power stations – but never a giant nuclear waste site thousands of feet below the sea. “The volume of the GDF would be equivalent to Wembley Stadium...
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