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Sky News
Pilot union fury as Wizz Air boss urges fatigued staff to go ‘the extra mile’
The boss of Wizz Air is facing a backlash from unions, including pilots’ representatives, after he urged fatigued staff to go the “extra mile” as the industry battles flight cancellations caused by staff shortages.Jozsef Varadi made his remarks to workers after the company warned of fare increases ahead following the publication of financial results on …
Business
Evening Standard
ECB says it will raise interest rates for the first time in a decade next month
The European Central Bank (ECB) is to end a decade of zero or negative interest rates next month when it will raise the cost of borrowing by 0.25 per cent.The Governing Council of the Eurozone’s central bank said there would be a further hike in September, the scale of which will be determined by the …
Business
Evening Standard
MoD invests in quantum computer potential
The Ministry of Defence has bought the Government’s first quantum computer from a company based in west London’s White City. The machines are able to rapidly make highly complex calculations that cannot be done by regular computers.The MoD will work with Orca Computing — a start-up with roots at Oxford University — on applying the …
Business
Sky News
European Central Bank will raise interest rates in July for first time in 11 years
The European Central Bank will raise interest rates in July for the first time in 11 years, followed by another hike in September.The move will see it follow other central banks in the shift from supporting pandemic economies to fighting rapidly-rising inflation. The Bank of England has approved four rate increases since December and the …
Business
Euro News
PayPal adds new crypto tool allowing some users to move assets like Bitcoin to external wallets
Business
Sky News
Train drivers from three more areas to strike as rail disruption worsens
Drivers from three more train companies are set to go on strike later this month, worsening already expected rail disruption.Drivers working for Hull Trains, Greater Anglia, and Croydon Tramlink have all voted to take industrial action in separate disputes over pay, union Aslef has announced. It comes as the RMT union said up to 50,000 …
Business
Sky News
PM wants to reduce ‘aberration’ of high taxes caused by ‘fiscal meteorite of COVID’
Boris Johnson has said he wants to reduce the “aberration” of current high taxes caused by the “fiscal meteorite of COVID” – as he announced plans to help boost homeownership.The prime minister appealed to the 41% of Tory MPs who voted to oust him on Monday as he tried to make clear the billions of …
Business
Sky News
Poundland warns customers are already cutting back on essentials
The owner of discount retailer Poundland has warned that its UK shoppers appear to be suffering most as the cost of living crisis gathers pace, with spending on essentials even taking a knock.Pepco Group, which also has the European discount brands PEPCO and Dealz in its stable, blamed UK wage growth sagging below the rate …
Business
Business Live
ADVERTORIAL: Strode College answers 13 common employer questions about apprenticeships
At a time when the cost of living is higher than ever for both the general public and businesses, many employers may be hesitant to take on new staff. However, apprenticeships at Strode College take both the financial and logistical pressures off the employer, meaning you can find new talent without the extra worry. Apprenticeships …
Business
Business Live
Transformation earmarked for landmark city centre building
Plans have been drawn up to transform a landmark building in Manchester city centre. Bruntwood Works, the workspace, retail and leisure arm of Bruntwood, has submitted a planning application to redesign the grade II-listed Pall Mall building in King Street. If approved by Manchester City Council, the property will include 85,000 sq ft of office …
Business
Business Live
Cutting through the chaos: Humber business leaders reveal how they cope with the Covid-led perfect storm
Entrepreneurs from across the region shared their experience of how to survive and thrive during the pandemic and beyond as they gathered at Humber Business Week. Professor David Hall, who describes himself as a ‘business helper’ with a career spanning more than 40 years, brought in proven leaders to present their own case studies of …
Business
Evening Standard
UK ‘being held back over labour shortages,’ Fuller’s boss says
THE boss of pub chain Fuller’s has accused the Government of “holding back Britain” as the firm wrestles with labour shortages crippling the capital’s hospitality sector.Simon Emeny told the Standard: “The Government sees migration from Europe as a red line and that’s a problem for us.“We’re holding back the economic prowess of Britain by holding …

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