Cryptocurrency hard hit as Binance deal for FTX collapses
Bitcoin and other cryptocurrency prices saw a massive drop for a second straight day on Wednesday following Binance’s announcement that it was terminating its deal to buy struggling rival FTX Trading. Binance had Tuesday reached a non-binding agreement to...
Brexit supporting boss of giant UK retailer urges government to allow more foreign workers back in
The Chief Executive of the clothing and homeware retail giant Next, Lord Simon Wolfson, who was a massive supporter of Brexit during the controversial campaign, has urged the UK government to make things much easier for foreign workers to return to the country, to...
UK interest rates raised to 3% by the Bank of England
The Bank of England has raised interest rates to 3% from 2.25%, the biggest jump in 33 years and it has warned the UK that it is facing its longest recession since records began back in the 1920’s – more or less one hundred years ago. It takes borrowing...
Elon Musk makes a U-turn, agrees to buy Twitter at the full price of $44 billion
After months of back and forth, the world’s richest man, Elon Musk finally agreed to buy micro-blogging platform, Twitter for its original price of $44 billion. The decision came to many as a surprise because Mr. Musk and the Twitter board are due to appear...
