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Facebook founder Mark Zuckerberg takes $29bn hit as Meta share price plunges
Mark Zuckerberg has seen $29bn wiped off his net worth after the share price of Meta – owner of Facebook, Instagram and WhatsApp – saw a record one-day plunge.The 26% collapse in the stock erased more than $200bn from Meta’s market capitalisation, the biggest single-day drop in value for a US company ever seen. It …
Business
Evening Standard
Acquitted Libor trader: “This process is designed to destroy people”
Business
Sky News
Don’t ask for big pay rises Bank of England governor suggests as it battles surging inflation
Bank of England governor Andrew Bailey has suggested that workers should not ask for big pay rises as it battles surging inflation.The Bank has acted to combat accelerating price growth by hiking interest rates to 0.5%. But if employees ask for wage increases to match the cost of living its task could be made harder. …
Business
Sky News
‘Sick joke’: £575,000-a-year Bank of England governor criticised over pay restraint call
Bank of England governor Andrew Bailey has been criticised after suggesting that workers should not ask for big pay rises as it battles surging inflation.One union leader described the comments as a “sick joke” while Downing Street said the wage restraint urged by Mr Bailey was “not something that the prime minister is calling for”. …
Business
Sky News
Rising energy bills will place households in ‘deep peril’ and older people will be ‘badly shaken’, charities warn
Households will be left in “deep peril” and older people will be “badly shaken” by the rise in energy bills, charities have warned.On Thursday, energy regulator Ofgem announced prices are set to soar by 54% for 22 million households from the beginning of April, adding £693 to the annual costs of a typical household. Later …
Business
Sky News
It is not clear the chancellor has any means of control over the cost of living crisis
It is hard to think of another day – certainly one outside a recession – when so much bad economic news came in one single torrent.Energy bills up by nearly £700 (with more to come thereafter), interest rates raised, inflation set to exceed 7% for the first time in a generation and now households expected …
Business
Evening Standard
Bank of England raises UK interest rate from 0.25% to 0.5%
Business
Evening Standard
M&C still cool on offer from Vin Murria despite higher price
Business
Business Live
Newcastle recruitment startup launches services to support early years tech talent
An award winning Newcastle startup is disrupting the recruitment market in moves to support early years tech talent. Tech recruitment specialist Haystack, based in Gosforth, uses advanced matching technology to help more companies and tech workers hire smartly and find their ideal roles. The firm, winner of the newcomer of the year award at the …
Business
Business Live
UK to invest in 10 ‘space clusters’ to support industry’s growth
Hundreds of thousands of pounds are being invested in Britain’s so-called “space clusters” – areas of the country where the space industry is flourishing. Ten organisations across the UK have been given a boost, including in Cornwall, Scotland and the West Midlands. The UK Space Agency said the cash would support new and growing companies; …
Business
Sky News
Millions face average £693 energy bill hike – but Sunak offers £350 help
Millions of households will see their energy bills rise to a typical £1,971 a year – prompting Rishi Sunak to announce a £350 package of help.The 54% increase announced by regulator Ofgem, which will on average see bills for customers paying by direct debit with default variable gas and electricity tariffs rise by £693, will …
Business
Sky News
Sunak announces £350 of support for households to help pay energy bills
The “vast majority” of households will receive £350 of help to take the “sting” out of rising energy bills, the chancellor has announced.Rishi Sunak said 80% of all homes in England will get a £150 discount on their council tax bill in April, while all domestic electricity customers will get £200 in October off their …

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