July 17, 2023
Twitter loses nearly half advertising revenue since Elon Musk takeover
Twitter has lost almost half of its advertising revenue since it was bought by Elon Musk for $44bn (£33.6bn) last October, its owner has revealed. He said the company had not seen the increase in sales that had been expected in June, but added that…
July 10, 2023
Top US senator calls for probe into KSI and Logan Paul energy drink
US Senate Majority Leader Chuck Schumer has called on regulators to investigate an energy drink promoted by high-profile YouTubers KSI and Logan Paul. Mr. Schumer alleges the drink is being targeted at children despite its high caffeine content.…
July 4, 2023
Energy firms warned against paying dividends
Energy suppliers have been warned they should retain profits rather than pay out returns to shareholders, to ensure firms can weather future price shocks. Regulator Ofgem said firms "must learn the lessons of the energy crisis", adding "a return to…
July 1, 2023
Crisis-hit Pakistan strikes $3bn IMF bailout deal
Crisis-hit Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) over $3bn (£2.4bn) of funding. The deal, which still needs to be approved by the global lender's board, comes after an eight-month delay. The South…
June 27, 2023
UK Supermarkets under pressure to explain high prices
Supermarket executives will be questioned by MPs on Tuesday over why food prices are still rising as some wholesale costs are falling. The UK's biggest grocers - Tesco, Sainsbury's, Asda, and Morrisons - will face a parliamentary committee examining…
June 22, 2023
Elon Musk and Mark Zuckerberg agree to hold cage fight
Two of the world's most high-profile technology billionaires - Elon Musk and Mark Zuckerberg - have agreed to fight each other in a cage match. Mr. Musk posted a message on his social media platform Twitter that he was "up for a cage fight" with Mr…
June 20, 2023
Amazon, Hilton and Pepsi to hire thousands of refugees in Europe
Amazon has pledged to hire 5,000 Ukrainian and other refugees in Europe as part of a wider drive to help people fleeing persecution. Hilton Hotels, Adecco, and Microsoft are also among the firms promising to offer work or career support. It comes as…
June 16, 2023
Branson to launch space tourism flights this month
Sir Richard Branson's space tourism company Virgin Galactic says it will launch its first commercial flight before the end of this month. The firm is targeting a launch window for the flight, which is called Galactic 01, from 27 June to 30 June.…
June 13, 2023
US inflation rate continues to fall
Prices for eggs used cars and furniture in the US dropped in May, helping to slash inflation to less than half of its peak a year ago. Inflation, the rate at which prices rise, was 4% over the 12 months to the end of May, the Labor Department said.…
June 11, 2023
Australian airline relaxes gender-based uniform rules
Australian airline Qantas has relaxed its gender-based uniform rules, allowing male employees to wear makeup and have long hair. Its new style guide means female employees will no longer have to wear makeup and heels while on duty. Last year, an…