Business

Refill and help save the planet with eco cleaner Homethings New product launches and supermarket listings are putting a spring in the step of green UK manufacturer Homethings as it pursues its mission to change the way the world cleans by making tap water refills mainstream. “We are tackling both waste and emissions – you won’t find any greenwashing here,” ...

Bank of England warned it will ‘totally crash the economy’ over interest rate decision The Bank of England will “totally crash the economy” if they continue to keep interest rates at their current levels, an economist warns. On Thursday, the Bank announced that it will raise borrowing costs for an eleventh successive time to 4.25 percent from 4 percent. He ...

Global financial crash fears after Deutsche Bank ‘bloodbath’ puts shares on life support Earlier this month, fears regarding the banking sector started in the US when SVB collapsed. The bank is known predominantly for services in the technology industry and had benefitted from low-interest rates. But, SVB suddenly entered a crisis when customers withdrew their deposits. The bank has also ...

Google’s Black Founders Fund boosts prospects for startups There’s still time to have a go with the Google for Startups’ offer that is inviting Black-led tech startups to apply for this year’s Black Founders Fund, worth a total of $4 million (approximately £3.3 million) across Europe and Africa, in an effort to help tackle the stark inequality in venture capital ...

Shock inflation rise fuels fears of a new rate hike The Bank of England is almost ­certain to hike interest rates on Thursday to combat a surge in inflation driven by food prices rocketing by 18 percent. The increase, caused largely by vegetable shortages, was the worst in 45 years. It reversed a falling Consumer Prices Index, driving it to ...

Pound rallies after UK inflation announcement defies economists’ predictions Martin Beck, chief economic advisor to the EY ITEM Club, believes the rise is a one-off. He said: “There’s still good reason to think that inflation will fall substantially this year, and that February’s pickup will prove be a one-off. “The EY ITEM Club expects the CPI measure to fall to ...

Credit Suisse-UBS rescue deal sparks panic as Asian investors left rattled Asian private investors have expressed anger and fury over the UBS deal agreed to save Credit Suisse which saw AT1s investments collapsing. A Singapore-based private banker told the Financial Times: “We haven’t slept since Sunday. People are completely gobsmacked.” A banker at one of Singapore’s top private banks also told the ...

Credit Suisse faces legal action after ECB and BoE attack Swiss regulators Global litigation firm Quinn Emanuel Urquhart & Sullivan is threatening legal action on behalf of Credit Suisse’s AT1 bondholders over UBS’s rescue deal for the Swiss bank. A jurisdictional team of lawyers from Switzerland, the US and the UK will work on “potential avenues of redress which bondholders ...

Why new and seasoned wildlife lovers are flocking to free app Birda Part of UK nature tech business Chirp Birding, there has been a chorus of approval for Birda. Sign ups are growing 30 per cent a month and turnover is forecast to top £500,000 by 2025 as the company expands the platform with premium features and advertising with key ...

Commuters will take longer or more costly route to work to avoid germs, study finds Nearly half of commuters avoid using public transport completely – because of fears over poor hygiene and cleanliness. And 46 percent confessed to taking a longer or more costly commute in favour of it being a less crowded and more hygienic route. The poll of ...