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Local authority’s approach to small business praised by FSB with inaugural award as spotlight returns
Support for the local small business community has earned North East Lincolnshire Council an inaugural national award. Its holistic and collaborative approach to supporting SMEs has been heralded as transformational, “creating an environment conducive to long ­term success for local businesses”. Projects highlighted by the Federation of Small Businesses’ Local Government Awards included business workshops …
Business
Evening Standard
NatWest boss: “Anxiety levels are high”, as bad debts rocket
Britain’s top four high street lenders have set aside towards £2.5 billion this week to deal with bad debts, a clear sign that the bankers are preparing for a recession.Today NatWest recorded an “impairment charge” of £242 million for the last three months alone. That compares favourably to Barclays at £381 million, Lloyds Bank at …
Business
Business Live
Transport bosses asked to look at rail connections to Belfast International and City airports
Northern Ireland’s Department for Infrastructure has asked officials to explore rail connections to Belfast’s two airports and a line from Derry to Portadown. It comes ahead of the anticipated completion of the All Island Rail Review in conjunction with Ireland’s Transport Minister Eamon Ryan. Outgoing infrastructure minister John O’Dowd said the outcome of the review …
Business
Evening Standard
PM eyes £50 billion tax hikes and spending cuts amid ‘massive fiscal black hole’
Rishi Sunak and Chancellor Jeremy Hunt are considering up to £50 billion of spending cuts and tax rises as they confront a gaping financial black hole ahead of the autumn budget.The pair held a meeting on Thursday lasting more than an hour and characterised as “sober”, as they were warned economic growth is forecast to …
Business
Sky News
NatWest boss defends amount of tax banks pay
The head of NatWest, which is part state-owned, has defended the amount of tax that big banks pay.Alison Rose, the chief executive, said banks were taxed more than “any other sector” and more than the financial service sectors in other countries. Speaking on Ian King Live, Ms Rose said: “On taxes, the banking sector already …
Business
Sky News
Amazon value down as slowest growth expected over Christmas period
Shares in Amazon fell as the company expected slower Christmas sales and increased expenses.Shares fell nearly 20% as inflation and interest rate costs threatened to eat up profits. The world’s largest online retailer forecast comparatively weak growth for the next three months, typically the busiest Christmas period.The lacklustre forecast came at the same time that …
Press Release
Pressat
New study: Faith in Action
A new study by the Berlin Institute for Population and Development and Konrad Adenauer Foundation illustrates the links between religion and population dynamics in West Africa Berlin, 27.10.2022 West Africa has one of the fastest growing populations in the world. It is projected to nearly double by 2050, when close to 800 million people are …
Business
Sky News
Shares in Facebook parent company crash as investors flee
Shares in Meta plunged as the market opened in the US following a drop in quarterly profits, sliding nearly 23%.The fall compounded the company’s woes, with investors wiping $520bn from Meta’s market value since the start of the year. The parent company of Facebook, Instagram, and WhatsApp lost more than $80bn overnight following the release …
Business
Sky News
US economy bounces back from recession territory
Gross domestic product in the US bounced back in the third quarter, reversing a trend over the first six months that suggested the country was heading for a recession.The country’s GDP increased by 2.6% between July and September of this year, beating experts’ forecasts and reversing a steep decline of 0.6% in the previous quarter. …
Business
Sky News
US economy bounces back from recession territory even as storm continues to brew
Gross domestic product in the US bounced back in the third quarter, reversing a trend over the first six months that suggested the country was heading for a recession.The country’s GDP increased by 2.6% between July and September of this year, beating experts’ forecasts and reversing a steep decline of 0.6% in the previous quarter. …
Business
Sky News
ECB doubles interest rate to decade high, fuelling European recession fears
Europe has edged closer to recession as the European Central Bank (ECB) raised interest rates by 0.75%, making borrowing and repaying debt more expensive. The ECB has lifted its main interest rate to the highest in more than a decade to tackle record inflation in the eurozone, which stood at 9.9% in September. Borrowing and …
Business
Business Live
Third base for rail maintenance specialist CWE as it takes steel site on with network access
A North Lincolnshire rail maintenance specialist has launched a new facility on British Steel’s site in Scunthorpe. Crowle-headquartered CWE will use the rail-linked site to provide wagon maintenance, overhaul, repair, and modifications, enabling it to become a “true problem solver and continue to provide dedicated client service within the region”. The independent company describes itself …

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