House prices in the capital fell further in August, according to the government’s latest house price index, as higher interest rates continued to weigh on the market. Data released by the Office for National Statistics on Wednesday showed the region’s house prices fell by 1.4 per cent in August year-on-year.Continue Reading
BT is branching out from its telco business into household appliances and a subscription service in a rebranding effort to accelerate customer growth. EE, BT’s mobile and retail division, will diversify its offerings by introducing household electronic goods, such as smart fridges and coffee machines, as soon as next year.Continue Reading
Elon Musk’s X, formerly known as Twitter, has started charging new users in New Zealand and the Philippines $1 (£0.82) a year to access key features, as part of a new trial. They include the ability to tweet, retweet, like posts and reply to posts. Those who opt out ofContinue Reading
HSBC is disabling texts on its staff’s work phones, following regulatory investigations into unauthorised business communications. That is according to Bloomberg News, who said bank employees will be unable to send or receive text messages on company-issued phones, the report said. The ban comes after HSBC paid $45m (£55m) inContinue Reading
A major hack of a financial services payments system could cost the world $3.5 trillion, Lloyd’s has found, as demand for cyber insurance booms. A “hypothetical but plausible cyber attack” would cause “widespread disruption to global business”, according to a scenario modelled by Lloyd’s together with the Cambridge Centre forContinue Reading
Network Rail is failing to prevent safety risks from “unacceptable” overcrowding at London’s Euston station, regulator the Office of Rail and Road (ORR) said. Passengers waiting on the station’s concourse often surge forwards when information boards reveal what platform their train is departing from. The ORR visited the station lastContinue Reading
The UK car industry has said incoming tariffs between the UK and the EU could raise the price of imported electric cars by as much as £3,400 unless a solution is found by the end of the year. The Brexit trade deal between the UK and EU gave carmakers untilContinue Reading
Volta Trucks, the Swedish electric lorry firm with extensive British operations, has announced that it is to file for bankruptcy, putting hundreds of jobs at risk, after a breakdown in its supply chain prevented it from raising sufficient funds. The decision comes after its battery supplier, the US firm Proterra,Continue Reading
Consumer price inflation remained steady in September despite another drop in food price growth, as higher petrol prices helped sustain pressures in a slowing economy. Official figures showed that the UK’s headline rate rose by 6.7 per cent last month, compared with the same period last year. It was unchangedContinue Reading
Borrowing for the first time can kick up a whirlwind of emotions – excitement, anxiety, and everything in between. Whether you’re eyeing personal loans, credit cards, or mortgages, those nagging worries can creep in. Below, we’ll dive into the typical concerns that often haunt first-time borrowers and offer practical insightsContinue Reading
