Money Moves

Major European aerospace companies, including Airbus, Leonardo, and Thales, have announced plans to consolidate their space operations into a single entity aimed at enhancing competitiveness in the evolving space industry, particularly in response to the presence of firms like SpaceX. This initiative is being termed the “European Space Champion” and the new company will be […]

A chocolatier from Tempur Tempur Chocolate in Southborough, Kent, has reported that rising costs have led her business to create smaller product versions. Sarah Hall, the manager, explained that suppliers had to increase their prices due to adverse weather conditions impacting cocoa harvests. In response to this, the business now offers customers the option to

US President Donald Trump recently announced new sanctions against two major Russian oil companies, Rosneft and Lukoil, to exert pressure on Russia to cease its military actions in Ukraine. This decision follows similar sanctions imposed by the UK and comes shortly after Trump stated that a planned meeting with Russian President Vladimir Putin would not

In Yorkshire, the decline of high street banks has accelerated over the past decade, with over half of local branches closing, according to the Office for National Statistics (ONS). This trend has left many areas, such as Stocksbridge, classified as “banking deserts,” where residents have to travel significant distances for in-person services. In Stocksbridge, all

Plant scientists at Date Palm Developments (DPD), based near Glastonbury, Somerset, are utilizing a newly established state-of-the-art laboratory to aid in environmental efforts in India, specifically focusing on the arid Thar Desert. Despite the UK climate being unsuitable for growing date palms, DPD has successfully developed climate-controlled methods to produce young date plants, enabling them

Amazon has introduced a prototype of smart glasses powered by artificial intelligence, specifically designed for its delivery drivers. Named “Amelia,” these glasses feature a camera and a built-in display and are paired with a waistcoat equipped with a button that drivers can use to capture photos of deliveries. Beryl Tomay, Amazon’s vice president of Transportation,

Tesla’s recent financial report indicates a contrast between record quarterly revenue and declining profits. For the three months ending in September, the company announced revenue of $28 billion (£21 billion), marking a 12% increase year-on-year. Despite this growth in revenue, Tesla experienced a 37% decrease in profits during the same period. The reduction in profits

The outsourcing sector in South Africa, particularly in financial services, is experiencing significant growth and now contributes approximately 35 billion rand ($2 billion) annually to the economy. The rise of this industry has enabled many individuals, like Esethu Dywili, to enhance their living standards. Dywili, a 31-year-old accountant, credits his lucrative position in the outsourced

Evangelos Mytilineos, founder and CEO of global energy and metals company Metlen, recently stated that the UK is currently the most attractive location for the company’s share listing. This statement comes in the context of a reported trend of significant companies relocating from UK markets to foreign exchanges, particularly in the US. After a challenging

Economists suggest that inflation may have stabilized, as the September rate remained at 3.8%, not reaching the anticipated 4%. Although this figure is still above the official target of 2% set by the Bank of England, economists believe there could be a downward trend in the coming months. Some predict that inflation could drop significantly