Exclusive: London beats New York to be crowned best city for female entrepreneurs – but concerns raised over tech deficit January 26, 2023 London has overtaken New York and San Fransisco as the best city in the world for female entrepreneurs after startups grew at a “colossal” rate during the pandemic, Morning Wire can exclusively reveal. The 2023 Women Entrepreneur Cities (WE Cities) Index, compiled with Dell Women’s Entrepreneur Network (DWEN), showed the capital ranked top against 55 [...]
Gerard Butler new film Plane is a big dumb action movie January 26, 2023 Amidst all the complicated emotions of Oscar season, it’s a nice change of pace to see something as straightforward as Plane, starring Gerard Butler, on the release slate. The all-action Scot plays Brodie Torrance, a pilot in charge of a routine flight that’s forced to crash land on an island near the Philippines. While Plane [...]
The best shows to see at Vault Festival, London’s answer to the Edinburgh Fringe January 26, 2023 After a two year hiatus, the UK’s second biggest festival is underway beneath Waterloo Station. Adam Bloodworth spicks out the top shows T he UK’s second biggest festival has opened its doors in a hundred-year-old vault under Waterloo Station. The Vault Festival programmes features over 500 performers spanning comedy, theatre and circus, with shows running [...]
US economy races ahead of UK despite Federal Reserve crushing Americans with rate hikes January 26, 2023 The US economy is growing much faster than expected despite the Federal Reserve piling pressure on Americans with aggressive interest rate hikes to tame inflation, official figures out today show. Stateside gross domestic product (GDP) climbed 2.9 per cent over the three months to December, better than the 2.6 per cent growth pencilled in by [...]
Nokia’s 16 per cent jump in sales lifts share price as it forecasts a strong year January 26, 2023 Nokia today reported a 16 per cent jump in sales for the last quarter, smashing expectations and sending its share price up by nearly six per cent at the open. In a fourth quarter trading update, Nokia said sales rose 16 per cent from the same period last year to £6.54bn (7.45bn euros), ahead of [...]
Over 6,000 more jobs cut as IBM and SAP follow tech giants in mass layoffs January 26, 2023 Tech firms IBM and SAP have today both announced mass layoffs set to affect over 6,000 jobs, joining the tech downturn of 2023. IBM Corp, an American multinational technology corporation, today announced 3,900 layoffs while European tech firm SAP said it planned to cut 3,000 staff. News of the layoff sent IBM’s share price two [...]
A CBDC ‘digital pound’ looks on the cards, despite concerns from Bank of England chief January 26, 2023 The winds of fortune appear to be turning in a favourable direction for the prospect of creating a digital pound, despite the best efforts of the Bank of England’s Governor to nip the idea in the bud. Andrew Bailey (pictured), who has held the position of Governor since 2020, recently put the boot in on [...]
Battle lines are drawn as Bitcoin bulls prepare to fight for $23,000 January 26, 2023 Bitcoin was briefly back up above $23,000 last night - even touching $23,800, while Ethereum moved up to $1,600.
Marks and Spencer’s chairman Archie Norman: Plans to ease post-Brexit trade ‘overbearing and baffling’ January 26, 2023 Marks & Spencer’s chairman has become the latest business leader to criticise the Government’s economic policy, with Archie Norman calling plans to ease post-Brexit trade “overbearing” and “baffling”. Norman, who is also an ex-Conservative MP, has urged the Foreign Secretary during talks with the EU not to consider separate labelling for goods sold in Northern [...]
UK car production at its lowest for 67 years, but EVs soar ahead with £10bn of exports alone January 26, 2023 UK car production fell to its lowest level since 1956 last year as output was hit by global shortages of semiconductor chips, figures show. A total of 775,014 cars were built in 2022, down 9.8 per cent from the 859,575 made during the previous year, the Society of Motor Manufacturers and Traders (SMMT) said. December [...]