Newsletter Nov 23, 2022

UK public finances worsen, as OECD warns on outlook

The government and OECD both see UK growth of above four percent this year.

S. Africa's Ramaphosa demands climate aid from rich world in UK state visit

The two-day visit sees Charles finally presiding over proceedings after decades playing a supporting role to his mother, Elizabeth II, who died in September.

Sterling climbs as dollar rally wanes

The pound rose on Tuesday after falling in the previous session, as the dollar retreated following three days of gains.

Britain must end reliance on 'cheap labour', Starmer tells businesses

British main opposition Labour leader Keir Starmer warned business bosses on Tuesday "the days of low pay and cheap labour" must end, putting him in line with Prime Minister Rishi Sunak who has also rejected calls for looser immigration rules.

UK investigating Apple, Google mobile browser dominance

Britain's competition watchdog on Tuesday launched an in-depth investigation into the dominance of the mobile browsers of Apple and Google.

Europe to be hit hardest in global slowdown -OECD

The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown with Europe hit hardest, the OECD said on Tuesday, urging central banks to keep hiking interest rates.

'Toxic Twitter' activists ramp up pressure on brands after Trump account reinstated

A coalition of civil rights activists on Monday were urging Twitter's advertisers to issue statements about pulling their ads off the social media platform after its owner Elon Musk lifted the ban on tweets by former U.S.

European companies are tapping bond markets again as investors return

European companies are again looking to sell bonds after months of turbulence in world markets as investors warm up to riskier debt, offering the final opportunity to raise money before the year ends.

Zoom cuts annual revenue forecast on slow online business

Zoom Video Communications Inc on Monday lowered its annual revenue forecast, as the video-conferencing platform expects a hit from declining online business.

iPhone Pro models scarce in stores this holiday - Best Buy

High-end iPhones will be in short supply at stores this holiday season, Best Buy Co Inc said on Tuesday, following a warning from Apple Inc this month that China's zero-COVID policy was squeezing production at a key factory.

Manchester United owners consider sale as Ronaldo exits

Weeks of turbulence appeared to have come to an end when United announced Ronaldo's contract had been terminated by mutual agreement.

UK says monkeypox vaccine is '78% effective'

Denmark's Bavarian Nordic is the only laboratory manufacturing a licensed vaccine against monkeypox, called MVA-BN.

Why UK universities are going on strike

Since 2019, issues around pay and working conditions have now surpassed pensions and become the main driver for the strikes.