Financial news

• Bosses offer young workers finish early Fridays to entice them back into the office

  07-04-2023 23:01 via express.co.uk
  
  Employers are trying to target Generation Z workers. by offering shorter work days to get them back into the office.
  
  Read more

• Travellers crossing Channel from UK face 90-minute delays on Good Friday

  07-04-2023 17:37
  
  Ferry operators expect bank holiday weekend to stay busy after large queues at entrance to Dover portHolidaymakers have waited in queues for up to 90 minutes at the Port of Dover as the Easter getaway kicked off with congestion on the motorways and disruption on the rail network.As the long holiday weekend began on Good Friday morning, large numbers of cars arrived at the Kent port, but traffic was moving and ferries were sailing well. Continue reading...
  
  Read more

• Jes Staley’s lawyers hit out at ‘slanderous’ attacks by JP Morgan

  07-04-2023 15:43
  
  Allegations that ex-Barclays boss aided sex trafficking operations run by Jeffrey Epstein labelled ‘baseless but serious’Lawyers working for Jes Staley have accused JP Morgan of “slanderous” attacks against the ex-Barclays boss, saying allegations that he aided sex trafficking operations run by the late billionaire Jeffrey Epstein were “baseless but serious”.Staley’s lawyer made the comments in a Manhattan district court filing as he urged a judge to giv
  
  Read more

• US adds 236,000 jobs in March as labor market weakens

  07-04-2023 15:38
  
  March saw fewer jobs added to the economy compared to February as the effects of the Fed’s interest rate increases are feltThe US added 236,000 jobs in March, a sign of gradual weakening in the labor market as the effects of the Federal Reserve’s interest rate increases start to be seen in the economy.Friday’s jobs report provides data that will heavily influence the Fed’s decision to either halt or continue interest rate hikes at its next board meeting in early May. Cont
  
  Read more

• Advertisement

• UK hopes to emulate Japan with cherry blossom tourism plans

  07-04-2023 15:00
  
  Increasing number of trees draw large crowds as National Trust plans 4m blossoming trees across EnglandTourists have long travelled to Japan to see its famous cherry blossom in spring.But the UK could soon have its own industry as the increasing number of the trees in the country draw large crowds each year when in bloom. Continue reading...
  
  Read more

• ‘It’s been horrendous’: Cardiff flat owner gets tax bills for 11,000 Chinese firms

  07-04-2023 13:58
  
  On one day alone Dylan Davies received 580 envelopes, in what a financial crime consultant suspects is VAT fraudThe sight of a brown envelope landing on the doormat has often been met with a weary groan, the sign of another bill that needs paying.However, few will have experienced the same horror as Dylan Davies, who received 11,000 tax bills – with none actually for him. Continue reading...
  
  Read more

• Samsung to cut chip production as profits plunge by 96%

  07-04-2023 13:37
  
  Sales fall at world’s biggest memory chip maker amid decline in global demand for semiconductorsSamsung Electronics will cut back on chip production, as it faces a sharp decline in global demand for semiconductors that has sent prices plunging.The world’s biggest memory chip maker said it would make a “meaningful” cut to chip output after sales dropped sharply and it flagged a 96% drop in first-quarter profits, worse than expected. The fellow South Korean firm SK Hynix an
  
  Read more

• Woman left in tears after £20,000 gift from Undercover Boss: ‘I don’t know what to say!'

  07-04-2023 13:15 via express.co.uk
  
  The heads of some of the world's biggest companies are gifting their employees tens of thousands of dollars in recognition of their hard work on Undercover Boss.
  
  Read more

• Advertisement

• ‘I could barely speak. I felt like a ghost inside my own skin’: the month that shook the CBI

  07-04-2023 13:00
  
  Since the Guardian first revealed allegations of unchecked misconduct at the business lobbying outfit, current and former female staff have told of their experiencesStaff at the Confederation of British Industry had been working around the clock for weeks and were in need of a break.It was July 2019 and parliament was deadlocked. The Conservative party was trying to secure a Brexit deal that its backbenchers could accept for Northern Ireland, as well as the rest of the UK. Theresa May’s pr
  
  Read more

• Cop28 president: world needs business mindset to tackle climate crisis

  07-04-2023 13:00
  
  Exclusive: Sultan Al Jaber aims to use UN talks to set out how private sector can limit greenhouse gas emissionsThe world needs a “business mindset” to tackle the climate crisis, the president of the next UN climate summit has said.Sultan Al Jaber, the president-designate of the Cop28 summit to be hosted in the United Arab Emirates later this year, said he aimed to use the UN talks to set out how the private sector can limit greenhouse gas emissions and give businesses and government
  
  Read more

• Travellers crossing Channel from UK told to prepare for long delays

  07-04-2023 12:47
  
  Ferry operators expect bank holiday weekend to be busy with ‘large queues’ atentrance to Dover portHolidaymakers are facing up to 90-minute waits at the Port of Dover as the Easter getaway kicks off with congestion on the motorways and disruption on the rail network likely to deepen the chaos across the country.As the long holiday weekend began on Good Friday morning, large numbers of cars were arriving at the Kent port, but traffic was moving and ferries were sailing well. Continue
  
  Read more

• ‘Amazing’ coupon shopping tip reduces mother-of-four’s grocery bill from £547 to £5

  07-04-2023 11:41 via express.co.uk
  
  One mother has reduced her grocery bill significantly thanks to adopting coupon savings techniques.
  
  Read more

• House building on the slide after cutbacks to projects

  07-04-2023 11:01 via express.co.uk
  
  The number of homes being built has reduced at a fast rate since the pandemic.
  
  Read more

• Rare ‘error coin’ could be worth life-changing £96,500 - full list of most valuable coins

  07-04-2023 10:01 via express.co.uk
  
  Experts are reminding the public to check their spare change to see if they have a rare coin in their purse or wallet which could be worth thousands.
  
  Read more

• Workers protest Energizer’s plans to close Wisconsin plants

  07-04-2023 10:00
  
  The closure would lead to hundreds of job losses in a community of just under 3,000 people in FennimoreWorkers and union leaders are calling for a boycott of Energizer – the battery maker famous for its “Energizer bunny” adverts – over its plans to shut down plants in Wisconsin and move jobs offshore to Singapore, the UK, and a non-union plant in North Carolina.Using the hashtag #BadBunny the Teamsters union called this week for a protest boycott. “The name of their
  
  Read more

• Royals made almost £2m from sale of horses received as gifts from prominent figures

  07-04-2023 09:00
  
  Palace insists horses given to late queen, including 34 from emir of Dubai, were ‘personal gifts’King Charles III and his late mother, Queen Elizabeth II, appear to have made almost £2m from the sale of horses that were gifts from prominent figures.The Guardian has identified more than 40 horses that were apparently given to the queen by a Dubai sheikh, a Muslim religious leader and a Saudi royal. Continue reading...
  
  Read more

• Gen Z nearly twice as likely as Boomers to buy second-hand or refurbished items

  07-04-2023 09:00 via express.co.uk
  
  Mobile phones and laptops are the top tech items Brits would be willing to buy refurbished.
  
  Read more

• Homes with room to extend – in pictures

  07-04-2023 08:00
  
  From a country cottage in a hamlet with space all round to a flat in a converted Victorian London house Continue reading...
  
  Read more

• This economist won every bet he made on the future. Then he tested ChatGPT

  07-04-2023 07:00
  
  Bryan Caplan was skeptical after AI struggled on his midterm exam. But within months, it had aced the testThe economist Bryan Caplan was sure the artificial intelligence baked into ChatGPT wasn’t as smart as it was cracked up to be. The question: could the AI ace his undergraduate class’s 2022 midterm exam?Caplan, of George Mason University in Virginia, seemed in a good position to judge. He has made a name for himself by placing bets on a range of newsworthy topics, from Donald Trum
  
  Read more

• Digital shareholders meetings could recreate some of the buzz we lost | Nils Pratley

  07-04-2023 07:00
  
  It’s time to modernise shareholder relations and make AGMs interesting againAn unruly annual shareholder meeting is a fine thing. Small investors, who rarely have a voice during the rest of the year, get a chance to look the directors in the eye and deliver an unfiltered blast from the outside world.The board of Barclays, during one of the bank’s many mega-bonus disgraces, endured two hours of fury at a packed Royal Festival Hall in 2014 in a classic of the genre. The directors deser
  
  Read more

• AI will end the west’s weak productivity and low growth. But who exactly will benefit? | Larry Elliott

  07-04-2023 07:00
  
  With swaths of white collar jobs at risk, the clock is ticking on the development of policy to meet this huge societal challengeElon Musk is not most people’s idea of a classic technophobe, so when the owner of Twitter warns of the dangers of artificial intelligence, it is worth sitting up and taking notice. Fearful that a new generation of ever-smarter machines threatens life on Earth as we know it, Musk was one of many at the cutting edge of technological change calling for a six-month t
  
  Read more

• 30 under 30-year sentences: why so many of Forbes’ young heroes face jail

  07-04-2023 07:00
  
  Ex-CEO Charlie Javice, 31, is just the latest from the magazine’s list to see criminal chargesJust a few years ago, Charlie Javice was riding high. In 2019 the tech CEO landed a spot on Forbes’s 30 Under 30 list for her work on a startup called Frank, which she described as “Amazon for higher education”. What does that catchy but completely empty phrase mean? It means Frank helped students navigate the financial aid process. It was apparently so successfully at doing this
  
  Read more

• The stupidity of AI – podcast

  07-04-2023 06:00
  
  Artificial intelligence in its current form is based on the wholesale appropriation of existing culture, and the notion that it is actually intelligent could be actively dangerousArchive: BBC Continue reading...
  
  Read more

• Couple earning £60,000 a year from home just two years after launching 'creative' business

  07-04-2023 06:00 via express.co.uk
  
  The crochet kits business reached £172,000 turnover last year after it surged in popularity during the COVID-19 lockdown.
  
  Read more

• The 'biggest' tax tips for 2023 - including tax break worth up to £1,256

  07-04-2023 05:00 via express.co.uk
  
  Britons are being urged to start reviewing their finances and tax allowances now to set themselves up better for the year ahead.
  
  Read more

• Locking in fixed rate energy tariffs could be ‘clever bet’ as OVO Energy unveils new deal

  07-04-2023 05:00 via express.co.uk
  
  Britons may want to consider going for a fixed rate energy tariff and getting the security of a stable energy, an expert has told Express.co.uk in an exclusive interview.
  
  Read more

• How to spend first part of £900 cost of living payment to avoid being left 'cash strapped'

  07-04-2023 05:00 via express.co.uk
  
  Millions of people on Universal Credit and certain other means-tested benefits are receiving the £900 cost of living payment.
  
  Read more

Follow @financialnwsUK on Twitter!