Brexit will have a “sizeable impact” on UK global trade
More that half of British business have been negatively affected by Brexit and the uncertainties it caused, this is what a survey by London School of Economics found out.
BP cut debt to $35 billion a year ahead
Disposals and oil price increase got BP’s debt load from $38.9 billion down to $35 billion in three months, CEO Bernard Looney is reporting on figures and share buybacks on April 27.
2020 worst year on record for UK economy
GDP tumbled by 9.8% in total in 2020 which is the worst annual performance for over 300 years.
Contactless payment limit increasing to £100
The contactless payment limit is to be increased to £100, Rishi Sunak will announce in the Budget today.
Rishi Sunak announce £400m for arts sector in Budget
The Chancellor is ready to distribute £408 million to help museums, theatres and galleries in England to reopen when Covid restrictions.
UK economy shrinks at fastest rate for 300 years
The Office for National Statistics (ONS) stated that gross domestic product (GDP) dropped by 9.9% in 2020 as no sector of the economy avoided financial damage by lockdowns and plunging demand during the Covid crisis. It was the biggest decrease…
Crypto.com : how it works and why it is reliable
Launched in 2017 by offering a Visa payment card service, Crypto.com has over the years expanded its services in the field of cryptocurrencies.
Bitcoin sets fresh records after Elon Musk investment
Bitcoin has hit record highs after Elon Musk’s car company announced that it had bought circa $1.5bn (£1.1bn) of the cryptocurrency.
UK economy to be unlocked ‘gradually’
Zahawi suggested that the UK economy will get moving as soon as possible, especially when it will be possible to lift restrictions.
Jeff Bezos and his legacy: a page turned for Amazon
Jeff Bezos took on the big bookstore chains when he started selling books online in 1994. Three years later it carried millions of dollars.
Who is Amazon’s new CEO Andy Jassy?
After the CEO of Amazon’s consumer business, Jeff Wilke announced that his departure earlier, Andy Jassy became the frontrunner to succeed Jeff Bezos.
How do Premium Bonds work?
Each month NS&I gives out more than three million prizes to Bondholders, with winning numbers chosen at random. The tax-free prizes range from £25 to £1 million.
Asos buys Topshop, Topman and Miss Selfridge
Asos is acquiring the stock and the brands although, it is not acquiring the stores.
How GameStop became the centre of a Wall Street war
GameStop stock prices have soared over the last few days due to followers of the subreddit r/WallStreetBets challenging the financial establishment trying to short the stock. GameStop stock prices rise significantly 49-year-old Erik Riggiola who lost his job as an…
All 118 Debenhams stores to close: 12,000 jobs at risk
The Debenhams website, customer data, related business information and selected contracts are included in the deal but not the stores themselves.
More UK businesses will shut down as third lockdown continues
About 10,000 pubs have shut down permanently and it is estimated more than 250,000 small firms will not be able to improve their conditions.
Asos to build new fulfilment centre in Lichfield
Asos, the online fashion group, has announced that it will invest £90million by building a new UK fulfilment centre based in Lichfield, Staffordshire.
British Gas workers to strike due to “fire and rehire” plans
Thousands of British Gas workers will strike from Thursday as part of a five-day strike in response to the company’s “fire and rehire” plans.
Here are all the businesses closed due to the lockdown
Thousands of businesses across England will be obliged to shut again as the country is plunged into a third national lockdown.
Rishi Sunak announces economic plan for third national lockdown
The plan is to support business and jobs until Spring, when all activities are set to reopen.
Tesco introduces purchasing limits on certain items to prevent panic buying
The main purpose of the supermarket is to make all customers have access to some products.
About 819,000 paid jobs lost in the UK
Retail and hospitality are the worst hit sectors since the beginning of the Covid pandemic.
New tourist VAT tax to have huge impact on British fashion
Rishi Sunak announced the new tourist VAT tax only last week, now fashion experts are warning of the huge impact it might have.
Queues in Oxford Street, as lockdown ends and shops reopen
Londoners have formed long queues outside shops in Oxford Street, as shops reopened after the end of national lockdown.
Debenhams to close 124 shops cutting thousands of jobs
Debenhams chairman said to be “desperately sorry” for the over ten thousand employees about to lose their jobs.
