Money Moves

The Liberal Democrats have expressed their commitment to uphold the independence of the Bank of England (BoE) amidst calls from Reform UK leader Nigel Farage to terminate its bond-selling program. This statement follows a meeting on Friday between party leader Sir Ed Davey, his deputy Daisy Cooper, and BoE Governor Andrew Bailey. Farage met with […]

OpenAI has reported that its text-to-video AI tool, Sora, achieved over one million downloads within five days, surpassing the initial download rate of ChatGPT. The application, which allows users to create ten-second realistic videos from text prompts, has become popular, particularly in the US Apple App Store. Bill Peebles, head of Sora, noted that this

Speculation is growing regarding potential changes in November’s Budget from Chancellor Rachel Reeves, particularly concerning Labour’s pledge not to raise income tax, National Insurance (NI), or VAT for working individuals. Reports suggest that there may be adjustments to NI and income tax, including the possibility of extending a freeze on the income thresholds that determine

Google may need to implement changes in the UK to provide consumers with greater options for search engines, following a recent decision by the Competition and Markets Authority (CMA). The CMA has identified Google as having “strategic market status” under legislation introduced in January, although this designation does not imply any wrongdoing at this point.

UK wage growth has fallen to its lowest level in four years, signaling broader economic concerns as businesses prepare for the November budget. New data from the KPMG and REC UK Report on Jobs indicates that starting salaries for permanent positions saw only a minimal increase in September, marking the slowest wage growth since 2019.

JP Morgan Chase has informed its staff that they are required to provide biometric data to access its new headquarters in New York. Initially, the bank had indicated that registration for biometric data would be voluntary, but communications sent to employees since August have specified that this access method is now mandatory. The biometric system

In 2001, shortly after the September 11 attacks, economist Jim O’Neill, while at Goldman Sachs, published a report speculating on countries that could potentially play significant roles in the global economy. He coined the acronym BRIC, which stands for Brazil, Russia, India, and China. Initially, the concept did not garner much attention. However, in 2009,

Hamleys, a well-known toy retailer with a flagship store in London, has identified a £7 fuzzy bouncy ball, called Ty Bouncers, as a top toy for Christmas. These soft, plush balls, which resemble fluffy tennis balls, come in various designs ranging from animals to characters like Spider-Man and Paddington Bear. There are 80 different versions

Recent analysis by the University and College Union (UCU) indicates that UK universities have collectively announced over 12,000 job cuts in the past year. During the same timeframe, additional cost-saving measures equivalent to approximately 3,000 jobs have been suggested, although universities have not confirmed if these will be achieved through staff reductions. The UCU is

Switzerland is facing economic challenges following the implementation of a 39% tariff on its goods by the United States, which has not agreed to renegotiate this rate despite the Swiss government’s efforts. This tariff, announced on August 1, 2023, is significantly higher than those imposed on other countries, including the UK and European Union, who