Crypto giant Binance hit by ‘largest hack in history’
Cryptocurrency giant Binance said on Thursday that $6.3bn (£4.7bn) of digital assets have been impacted by what has been described as the “largest hack in history”. The world’s biggest crypto exchange said about half of those assets have been frozen with the help of other platforms, adding that it will “cover all losses”. Early checks […]
From workshops to the catwalk – why mended clothes are going mainstream
From workshops to the catwalk – why mended clothes are going mainstream Image source, Alice Brown/MaybeArtUKImage caption, Alice Brown uses felt animals to cover holes and stains on her clothes ByLucy Hooker Business reporter If Alice Brown is browsing in second-hand shops and finds a jumper with a hole, that won’t stop her buying it. […]
Google value plunges by $500bn as AI fears rattle Wall Street
At first glance, the quarterly results of Alphabet, the parent company of Google, were not at all bad. Total revenue grew 25% compared to last year, hitting $127.6bn. It was buoyed by the ongoing success of Google Cloud, where revenue grew by 103% to almost $31bn. However, profits at the company fell by a considerable […]
Burnham ‘ready to support’ Poundland staff as retailer faces collapse
Andy Burnham has said the government is “ready to support” Poundland staff as the retailer teeters on the brink of collapse. The prime minister called for answers over why an offer to buy the business from its current owners, which would have protected jobs, was rejected. “This is a deeply worrying time for Poundland staff […]
The South West reacts to Budget announcements
Image caption, Businesses in Devon and Cornwall said there were both positives and negatives to the budget ByCaroline Robinson South West Tourism and hospitality leaders have been reacting to this week’s Budget. Among the headlines in chancellor John Healey’s first Budget on Wednesday were a £100 payment to help millions of households with energy bills, […]
US interest rates held steady and economy grows – what it means for you
In its decision to hold rates steady this month, the Fed said that while inflation remains high, it wanted to gather more information before making another decision to change rates. The Fed also noted that while there was uncertainty, the US economy remained resilient. Warsh acknowledged that inflation remained too high, but noted that there […]
Watch: Hundreds queue for city’s new Lego store
Hundreds of people queued for the opening of a new Lego store in Norfolk on Thursday morning. The shop opened its doors at Chantry Place shopping centre on St Stephen’s Street in Norwich at 09:00 GMT. The first person in the queue had been there since 04:00 GMT. Al, 23, joined the queue at 05:00 […]
Faisal Islam: This Budget was micro and that was deliberate
It was not a mini Budget, but it was rather small. It might be called the “micro Budget”. Small does not necessarily mean bad, but it clearly falls short of radical action to create a promised new economic model. A new “theory of growth” was not unveiled as promised by the prime minister Andy Burnham. […]
Bereaved families will not face tax bill over pension delays under new rules
Bereaved families will no longer be hit by an unexpected tax bill because of severe delays paying out civil service pensions, following a change in Wednesday’s Budget. Under previous HMRC rules, certain lump sum pension payments had to be paid within two years of the pension scheme being notified of a death to remain tax-free. […]
Your pay, energy bills and savings: How the Budget affects you
Image source, Getty Images By Cost of living correspondent Families facing cost-of-living pressures are being offered some help, or “breathing space” as Chancellor John Healey is calling it. The help comes as prices are rising faster than expected with annual energy bills in particular likely to increase by hundreds of pounds in January. Here’s how […]