Transport costs were rising the fastest, while the cost of food and non-alcoholic beverages fell slightly. BBC News
Read More »Inflation remains at 2.8%, slightly lower than expected
Taxi fares set to increase amid rising costs
The council agrees to increase the maximum charges for Hackney carriage journeys, amid fears demand may fall. BBC News
Read More »Cadbury chocolate-owner Mondelez defends staying in Russia
Mondelez boss Dirk Van de Put says it was the “right decision” to remain after the war with Ukraine. BBC News
Read More »Struggling Pizza Hut chain to be sold for $2.7bn
The decision comes after a prolonged period of difficulty for the chain, which has faced increasing competition from a range of rivals. BBC News
Read More »Threat of social media ban jolted tech giants into action before it was even announced | Science, Climate & Tech News
Roblox has revealed new safety measures, just as the government announces it will ban under-16s from social media and potentially some gaming platforms… like Roblox. The company insists its new measures are simply a response to feedback that “Roblox was complicated” and are not an attempt to avoid being banned …
Read More »Former Microsoft chief Barclay joins British fintech unicorn Zilch | Money News
One of Britain’s leading fintech unicorns will this week name Microsoft’s former UK boss to its board as it continues to seek acquisition targets ahead of an eventual public listing. Sky News understands that Zilch, which has been valued at about $2bn, will this week announce that Dame Clare Barclay …
Read More »Funds available to help with back-to-school costs
Applications open for funding to help families with the cost of school essentials. BBC News
Read More »Do online saving methods really work?
Do online saving methods really work? BBC News
Read More »‘I sell ice cream – here are the secrets of our prices and how often I treat myself’ | Money News
If you’ve ever spent your morning commute daydreaming about starting afresh with your career, this feature is for you. Each Monday, we speak to someone from a different profession to discover what it’s really like. Today we speak to private ambulance worker-turned-ice cream man James Shemmeld… Figuring out a typical …
Read More »Thames Water rescue in peril as government opposes ‘weak’ deal | Money News
Thames Water is again facing down the prospect of being placed in temporary public ownership after the government raised objections to a proposed £10bn rescue by its lenders. It was confirmed overnight that the environment secretary Emma Reynolds had outlined a number of concerns to the industry regulator Ofwat ahead …
Read More »Japan raises interest rate to highest since 1995
“Even if the situation remains unclear, should it be judged that upside risks to prices outweigh downside risks to economic activity, it will be necessary to thoroughly discuss the pros and cons of raising the policy interest rate,” Ueda earlier this month. BBC News
Read More »What is Helium-3 and could we get it from the moon?
One company planning to extract helium-3 from the moon is Interlune, based in Seattle. “We’ve spent the last four years developing, prototyping and testing technologies… We have a team of 30 people, and growing,” says Rob Meyerson, co-founder and chief executive. Meyerson was president of Blue Origin, Jeff Bezos’ rocket …
Read More »SpaceX IPO raised $10bn more than thought
In SpaceX’s case, appetite was exceptionally high. The underwriters, which included Goldman Sachs, Bank of America, and JPMorgan, exercised the option in full, purchasing an additional 83.3 million shares directly from the company to meet the huge demand. BBC News
Read More »Anthropic to meet White House over AI tool suspension
The sudden meeting was called after Anthropic had to block users from just-released AI models. BBC News
Read More »Business Daily – Sherbro Island: can Sierra Leone build a global business hub?
Available for over a year Off the coast of Sierra Leone, Sherbro Island has been earmarked for an ambitious transformation: a new centre for international business and investment, designed to rival cities like Singapore or Hong Kong. The BBC’s Ed Butler travels to the island to investigate the project and …
Read More »Business Daily – Sherbro Island: can Sierra Leone build a global business hub?
Available for over a year Off the coast of Sierra Leone, Sherbro Island has been earmarked for an ambitious transformation: a new centre for international business and investment, designed to rival cities like Singapore or Hong Kong. The BBC’s Ed Butler travels to the island to investigate the project and …
Read More »Fox to buy Roku streaming firm in $22bn deal
The move is seen as a bet that combining streaming with its news and sport offering will leave Fox in a strong position as TV audiences move online. BBC News
Read More »Fox to buy Roku for $22bn | Money News
Fox has agreed a takeover of Roku in a deal worth $22bn (£16.4bn). It was announced before financial markets opened in the US that Fox, now run by Lachlan Murdoch following the retirement of his father Rupert in 2023, was to pay $160 per share in a cash and stock …
Read More »The US and Iran have agreed a deal. How soon could things go back to normal?
Experts warn the impact of the war will continue to affect the global economy for months to come. BBC News
Read More »Oil prices drop and stocks enjoy cautious rally on US-Iran peace progress | Money News
There is cautious optimism on financial markets that a US-Iran peace deal will ease the hit to the global economy caused by their war. Confirmation late on Sunday that an agreement had been reached to end the conflict of three-and-a-half months saw Brent crude oil prices tumble at the start …
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