UK Unemployment at 5-Year High, Wage Growth Slows
Official figures reveal UK unemployment remains at 5.2%, the highest rate in five years, while wage growth hits its lowest point in over five years, signaling economic challenges ahead.
Category : Business
Shoreditch Bar Uses 17th-Century Hot Poker for Cocktails
FlipDog cocktail bar in Shoreditch employs historic 17th-century loggerhead technique using 1,200C iron pokers to create innovative drinks, complemented by Asian and Eastern European cuisine.
MFS Founder Paresh Raja Hit With Global Freezing Order
Paresh Raja, owner of collapsed lender Market Financial Solutions, faces worldwide asset freeze and spending restrictions after fraud allegations and £1.3bn shortfall.
UK Job Market Softens as Economic Outlook Worsens
Official data reveals a decline in payrolled employees and job vacancies, with unemployment holding at 5.2%. The Bank of England's interest rate hold and global conflicts threaten recovery.
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Unemployment Stuck at 5.2%, FTSE 100 Braces for Fall
UK unemployment remains at 5.2%, a near five-year high, as rising oil prices from Middle East conflict fuel inflation and pressure the Bank of England's rate decision.
UK's Bamburgh Beach Ranks Third Globally for Unique Beauty
Northumberland's Bamburgh Beach has been ranked third among the world's most unique beaches by TripAdvisor, praised for its castle backdrop, white sand, and wildlife.
Middle East Conflict Sparks Exodus of British Lawyers from UAE
Iranian retaliatory strikes in the Gulf region have prompted hundreds of British lawyers to reconsider their lucrative positions in the UAE, with many seeking relocation back to the UK amid safety concerns.
AI Won't Replace Human Judgment in Auditing, Says FRC Chief
Financial Reporting Council CEO Richard Moriarty argues auditors' professional skepticism and fine judgments remain irreplaceable by AI, while addressing audit reform setbacks and private equity interest in the sector.
Investors Rush Out of Private Credit Amid AI and Economic Fears
Major private credit firms face unprecedented redemption pressure as wealthy individuals withdraw billions, sparking fears of a liquidity crisis and broader financial instability.
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Youth Hiring Subsidies Called 'Insulting' by Young Workers
A £1bn scheme to pay firms for hiring young people faces criticism as a 'sticking plaster' solution that fails to address root causes of youth unemployment.
Alastair Lukies: AI Humanizes Tech and Drives Business Optimism
Fintech veteran Alastair Lukies shares insights on AI's transformative power, career highlights from Monitise to Endava, and why he's optimistic about technology's positive impact on society and business efficiency.
Savings Rates Up to 3.83%: Account Many Overlook
With interest rates low, a fast-growing bank offers up to 3.83% AER on instant access savings, plus cashback, as millions lose money in low-yield accounts.
British Steel's Future in Limbo as Taxpayer Costs Mount
The UK steel industry faces uncertainty with British Steel's fate unresolved, taxpayer bills rising, and a new government strategy offering limited solutions. Meanwhile, Thames Water rescue talks continue amid energy security concerns.
Gamers Revolt Against Nvidia's DLSS 5 Tech
Nvidia's DLSS 5 technology faces intense criticism from gamers and developers, with concerns over AI integration and corporate secrecy dominating industry discussions.
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Zopa Bank Profits Jump 42% Despite Motor Finance Hit
Zopa Bank reports third consecutive profitable year with 42% pre-tax profit increase, but warns of being 'penalized' by FCA's motor finance redress scheme requiring £7.9m provision.
UK Levies 50% Steel Tariff in Protectionist Move
The UK government has introduced a 50% tariff on steel imports and £2.5bn in support, marking a historic shift towards protectionism to boost domestic production from a record low of 30%.
Crimson Desert Review: Beautiful but Messy Gaming Experience
Crimson Desert offers breathtaking graphics and vast exploration but falls short with incoherent storytelling and disjointed gameplay elements. Read our in-depth review.
HSBC Plans Up to 20,000 Job Cuts via AI Overhaul
HSBC is considering cutting up to 20,000 jobs as part of a major restructuring plan driven by artificial intelligence, aiming to boost efficiency and reduce costs significantly.
LSEG Executives Join OSTTRA After KKR's $3.1bn Buyout
Four senior London Stock Exchange Group employees have moved to post-trade services firm OSTTRA, strengthening its leadership team after its acquisition by private equity giant KKR last year.
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Candidates Vie to Lead UK's New Foreign Investment Office
Over 50 candidates from various sectors are competing to head the UK's new foreign investment office, aiming to boost post-Brexit economic growth and attract global capital.
FTI Consulting Expands Talent Beyond Big Four
FTI Consulting is diversifying its recruitment approach by hiring professionals from outside the Big Four accounting firms, focusing on specialized skills and industry expertise to enhance its advisory services.
UK Imposes 50% Steel Tariffs to Protect Domestic Production
The UK government has announced a bold steel strategy, raising tariffs to 50% and cutting import quotas by 60% to save domestic production, drawing mixed reactions from industry and opposition.
Overseas Investment in UK Businesses Declines Sharply
International investment into high-growth UK companies with foreign founders has dropped 36% since 2021, with deal numbers hitting their lowest level since 2020 amid a challenging environment.
Israeli Strikes Hit World's Largest Gas Field, Spiking Energy Prices
Israeli drone attacks on Iran's South Pars gas field, the world's largest, have caused oil and gas prices to surge, threatening global energy security and escalating Middle East tensions.
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Fed Predicts Inflation Rise from Iran War Oil Price Surge
The US central bank has raised its inflation forecast as the Iran conflict causes global energy prices to spike, with oil up 50% this month and US gasoline prices rising 28%.
Subnautica 2 Early Access in May After Legal Drama
Subnautica 2 will enter early access in May 2026, following a legal dispute over leadership and bonuses. The sequel introduces co-op features and new content after delays.
Ex-Google Exec Testifies on AI Hiring Risks in Court
A former Google Cloud executive's testimony highlights growing legal scrutiny of AI hiring tools, revealing how automated systems shape recruitment decisions and potentially perpetuate bias.
Capcom, Ubisoft Devs Unaware of Nvidia DLSS 5 Before Reveal
A new report claims developers at Capcom and Ubisoft were unaware of their companies' support for Nvidia's DLSS 5 technology until its public unveiling, amid ongoing controversy over the AI upscaler's visual alterations.
Ashurst Hires Three Private Equity Lawyers from Goodwin
Ashurst has strengthened its London private equity practice by hiring three partners from Goodwin Procter, including a former co-head, to boost its deal-making capabilities.
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Barrymore's London Craving: What He Misses After Move
Former TV presenter Michael Barrymore, who recently relocated from London to South Devon, admits there's one specific thing he craves that he can't find in his new West Country community during a return trip to the capital.
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