The Bank of England has announced that it will step in to calm markets after the government’s tax-cutting plans sparked a fall in the pound and caused borrowing costs to…
Category: Business News
UK: Government tax plans attract IMF criticism
The International Monetary Fund has openly criticised the UK government over its plan for tax cuts, warning that the measures are likely to fuel the cost-of-living crisis. In an unusually…
USA: Staff messages cost Wall Street firms $1.8bn in fines
Some of Wall Street biggest companies have been fined a total of $1.8bn (£1.7bn) by US financial watchdogs after staff discussed deals and trades on their personal devices and apps.…
USA: Tesla to recall more than a million US cars
Tesla is recalling nearly 1.1 million cars in the US because the windows might close too fast and pinch people’s fingers. Documents produced by American regulators show the windows may…
South Korea: Interpol hunts down failed crypto-firm boss Do Kwon
Interpol has asked law enforcement agencies worldwide to find and arrest Do Kwon, founder of the failed cryptocurrency Terra. A red notice has been issued for the 31-year-old, who is…
iPhone made in India: Apple moves production of handsets from China
Apple says it has started making it’s iPhone 14 in India as it diversifies its supply chains away from China. The company makes most of its phones in China but…
USA: Apple’s original computer fetches $400,000 at US auction
An original Apple computer built by firm co-founders Steve Wozniak and Steve Jobs in 1976 has fetched $400,000 (£294,990) at auction in the US. The rare Hawaiian koa wood-cased Apple-1…
USA: Tesla opens its chargers to other electric cars
Tesla is opening up its charging networks to other electric cars for the first time. The company has more than 25,000 “supercharger” locations, making it the largest charging network in…
USA: Yahoo pulls out of China over ‘challenging’ business conditions
Yahoo has become the latest US tech company to end its presence in mainland China as tougher regulations are imposed there. The firm said its decision was due to an…
USA: Squid Game crypto token collapses in apparent scam
A digital token inspired by the popular South Korean Netflix series Squid Game has lost almost all of its value as it was revealed to be an apparent scam. Squid,…