Crypto trader. Phongphan / Shutterstock The founder of the world’s largest cryptocurrency exchange, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost US$2 trillion (£1.7 trillion). “We do need to increaseContinue Reading
Someone else's problem? Gaudi Lab Two of the busiest online shopping days of the year are upon us. In the middle of a cost-of-living crisis and recession, retailers will be desperately hoping that shoppers take advantage of discounts on Black Friday and Cyber Monday to bump up annual sales figures.Continue Reading
The last Blockbuster video store in Australia, March 13 2019. Adwo / Shutterstock Streaming services are replete with stories of the dead coming back to life. They’re also chock-full with dead or almost dead brands. Shows like Stranger Things have not only given new life to 1980s pop classics likeContinue Reading
It’s a glorious afternoon at a luxury resort in Egypt, with six swimming pools leading to a lovely little stretch of beach on the Red Sea. A salsa aquatic class in one of the pools has several enthusiastic participants. Elsewhere, guests are lounging on deck chairs sipping ice cold cocktails.Continue Reading
Small businesses can benefit from following rules. Dragana Gordic / Shutterstock A couple of weeks before her short stint as prime minister ended, Liz Truss delivered on a pledge to tackle what some – including Truss – saw as red tape holding back “thousands of growing businesses” in the UK.Continue Reading
Shoppers visiting Primark. fokke baarssen / Shutterstock Primark fans in the UK struggled to get their first online fast fashion fix from the Irish retailer recently. Its website crashed on the day it launched a “click and collect” service to allow people to buy certain items online for collection in-store.Continue Reading
Rishi Sunak's government is set to deliver its first budget statement on November 17 2022. I T S / Shutterstock Liz Truss’s short-lived government presided over an even shorter-lived economic experiment in “Trussonomics”. As investors responded to September’s mini-budget by demanding higher interest premiums to purchase UK debt, the governmentContinue Reading
The Bank of England (pictured) uses OBR forecasts to decide on UK interest rates. Claudio Divizia / Shutterstock The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predictedContinue Reading
UK chancellor Jeremy Hunt laid out his plans for the British economy today. The statement was made against a backdrop of a more than 40-year inflation high and recession warnings from the Bank of England. Hunt skipped the usual photocall with his red ministerial box, since this is an autumnContinue Reading
Oil rigs, Cromarty Firth in Invergordon, Scotland. James Jones Jr / Shutterstock The UK government has increased its 25% levy on oil and gas companies – the UK energy profits levy – to 35% from January 2023 as part of its November 17 Autumn statement. The scheme has also beenContinue Reading