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Sky News
Hungary puts EU’s ban on Russian oil in jeopardy
Hungary has warned it cannot accept the EU’s planned ban on Russian oil as it would amount to an “atomic bomb” for its economy, threatening to scupper the bloc’s sixth sanctions package against Moscow.Prime Minister Viktor Orban – no stranger to disputes with the bloc’s executive – told state radio he was ready to negotiate …
Business
Sky News
‘Destruction of UK pig sector’ looms unless Tesco pulls its weight, chain is warned
Tesco, the UK’s largest supermarket chain, has been warned it must do more to help struggling pork producers or risk “the destruction of the UK pig sector”.The chairman of the National Pig Association (NPA) Rob Mutimer used an open letter to Tesco boss Ken Murphy to argue that the company was uniquely positioned, because of …
Business
Evening Standard
Interest rates raised to 1% by Bank of England – the highest rate in 13 years
The cost of living squeeze tightened for thousands of London home owners on Thursday as the Bank of England raised its benchmark interest rate to one per cent.The 0.25 per cent increase – described as a “bitter blow” for London homeowners – was an unprecedented fourth rise on the trot from the Bank’s rate setting …
Business
Evening Standard
Bank of England warns of recession and says inflation will hit 10%
Inflation will top 10% by the end of the year, the highest rate since 1982, the Bank of England warned today.It also said the UK risks sliding recession due to higher energy prices, as it presented one of the most negative outlooks many in the City can remember.The Bank offered the glum assesment as it …
Press Release
Pressat
Cyber Yachts Files Revolutionary Metaverse Patents
Miami, FL – Cyber Yachts, the world’s first metaverse yacht company, is announcing it has been awarded patent-pending status by the United States Patent and Trademark Office (USPTO). The patents relate to revolutionary technology developed for Cyber Yachts’ NFT and metaverse projects. The company is on track for a summer launch of its slate of …
Business
Sky News
If things feel tough today, then just wait – Ed Conway’s analysis
If there is one message from the Bank of England’s forecasts today, it is this: if things feel tough today, then just wait. By the end of this year they will feel much, much tougher. That is a deeply unpalatable message – the kind of message for which economics has earned its nickname as the …
Business
Sky News
Interest rates, international travel and rising price of milk
On today’s episode, Ian King discusses the Bank of England’s interest rate decision and what that means for families across the UK.He’s also joined by the chief executive of Trivago, Axel Hefer, who speaks about the optimism around international travel.And the price of milk is on the rise as a result of higher supply chain …
Press Release
Pressat
NTT and Grok team up to transform the network with Artificial Intelligence-designed, data-driven operations
Partnering to deliver network operation services combining Artificial Intelligence (AI) and machine learning (ML) innovationsSupporting demanding business environments through network services at scale to reduce complexity, drive automation, and provide proactive response and insightsCreating more adaptable networks that can react to the business and be more available to users London, UK – 5th May 2022 …
Business
Business Live
Petards returns to profit following restructuring of EyeTrain division and hints at acquisitions
Security technology specialist Petards says a reduced cost base and strong trading across its traffic products division has helped it return to profit. Announcing full year results for 2021, the Gateshead-based firm said operating profit was £570,000, a turnaround from 2020’s operating loss of £1.14m, while revenue increased from £13m to £13.5m. It said the …
Business
Business Live
Helping Hands Homecare launches in Hull
A nationwide business which provides care for people in their own homes has opened in Hull. Helping Hands Homecare launches with three staff at The Deep Business Centre as it assembles a team of carers to operate across the Hull area. The Warwickshire-headquartered business was established in 1989 and now employs more than 6,000 people …
Press Release
Pressat
Haiken unveils new showroom during Clerkenwell Design Week
Haiken is on a mission to change the way people think about office furniture – starting with its newly redesigned showroom A fresh face on the London office furniture scene, Haiken will complete its new showroom just in time for Clerkenwell Design Week. During the event, Haiken plans on showcasing its wide range of design-led, …
Business
Business Live
Staffordshire PR agency gives every member of staff £1,000 pay rise to help with cost of living
A Staffordshire PR agency has given all of its staff a £1,000 pay rise to help with the cost of living crisis. Stone Junction, based in Stafford, has raised the salary of everyone in the company amid the rising energy, fuel and weekly shopping bills. The move forms part of the company’s 23k by 2023 …

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