Food inflation reached a record high in November due to egg shortages. Meanwhile, rising milk and meat prices will cause Christmas dinner costs to rise sharply.
Bitcoin Offshoot is the latest victim of FTX’s contagion
The digital-asset market has been affected by the fallout of Sam Bankman Fried’s FTX crypto empire.
EasyJet is positive about 2023, as it reports a substantial fall in losses
EasyJet PLC reported that bookings for next year are positive, reporting a substantial reduction in annual losses to £178mln, compared with £1,136mln.
BT and unions reach pay agreement
There is peace at BT as the telco group announces a UK Cost of Living Pay Increase that could end strike action at the company.
National Grid will activate an emergency winter plan tomorrow following French nuclear outages
After energy prices rose amid falling temperatures, the UK’s electricity network operator is ready to activate its emergency snow plan.
China began stockpiling PPE before the Covid epidemic
Experts say that China began to buy global PPE stocks from Australia, Europe and the USA around the same period.
China’s anti-lockdown protests spread to Wuhan in major challenge to Xi Jinping
Chinese protestors toppled Covid-quarantine bars in Wuhan, as anti-lockdown demonstrations spread throughout the country. This was the largest challenge to Xi Jinping’s rule since he took power a decade back.
Elon Musk promises to unblock thousands of Twitter accounts that are banned
Elon Musk pledged to remove thousands of previously blocked Twitter accounts, despite concerns over hate speech or misinformation on the social networking site.
EasyJet’s year-end results will serve as a gauge of its performance in the coming year
EasyJet is experiencing a difficult time in the past few years. It has been hit by travel restrictions, lockdowns and rising fuel prices, as well as the cost of living
Jaguar Land Rover reducing its production at UK factories
Jaguar Land Rover will reduce production at its UK plants until spring as a result of its ongoing struggle to source semiconductors in the face of global shortages.
Waitrose shuns purchase limits on eggs & support British Farmers
Waitrose pledges a £2.6 million investment in its egg suppliers, as it is one of few supermarkets that does not impose purchase limits.
