Fuel Ventures has led a £340,000 investment round into Community Wolf, a fast-growing South African startup using WhatsApp to revolutionise public safety through community-driven crime reporting and intelligence gathering. The funding, which closed this month, marks a pivotal step in Community Wolf’s mission to use simple, accessible technology to make communities around the world safer — beginning with its home ...
Microsoft is laying off approximately 6,000 employees worldwide — nearly 3% of its global workforce — in its largest round of job cuts since early 2023. The move comes as the $3.3 trillion tech giant seeks to manage the growing financial pressure from its aggressive investment in artificial intelligence infrastructure, despite delivering strong quarterly results and robust growth in its ...
Chancellor Rachel Reeves has refused to rule out compelling UK pension funds to invest in domestic assets, escalating tensions with the pensions industry just hours after the announcement of the new £50 billion Mansion House accord. The government had celebrated a voluntary commitment by 17 of the UK’s leading defined contribution pension providers to invest at least 10% of their ...
A new YouGov poll reveals that 50% of UK adults now recognise the official Made in Britain trademark — a significant milestone for the not-for-profit trade body that champions British manufacturing. The findings come amid growing calls for a national ‘Buy British’ campaign to support domestic industry, with 44% of those surveyed saying they would be more likely to purchase ...
Vinted, the digital marketplace for second-hand fashion, has reported a dramatic surge in profits as demand for resale platforms continues to grow. The Lithuanian-headquartered company posted a profit before tax of €95.4 million (£80.3 million) for 2024 — nearly triple its €33.4 million profit the year before. The resale giant also saw revenue climb by 36% to €813.4 million, up ...
A major new employment initiative backed by £10 million in government funding has officially launched in York and North Yorkshire, aiming to help thousands of people with health conditions return to or remain in work. The programme is part of the government’s Get Britain Working Inactivity Trailblazer scheme and sees York and North Yorkshire Combined Authority selected as one of ...
In my career, I have worked with many companies from various domains. They all had different approaches to doing business. But what they had in common was their desire to grow without increasing their costs and complicating their processes. One of the ways to do it was (and still is) outsourcing some business tasks, such as customer support. Professional dedicated ...
The UK has taken a major step towards mainstream adoption of digital assets with the launch of GFO-X, London’s first regulated and centrally cleared cryptocurrency derivatives trading platform. Backed by FTSE 100 asset manager M&G and authorised by the Financial Conduct Authority (FCA), GFO-X will offer institutional investors access to bitcoin index futures and options. The first trade on the ...
The UK government’s ambitious immigration reforms risk harming economic growth and deepening the country’s skills crisis unless matched by a fundamental overhaul of the domestic training system, leading business groups have warned. Following Prime Minister Sir Keir Starmer’s announcement of a “comprehensive plan” to reduce immigration, the Institute of Directors (IoD) said the proposals could worsen already critical labour shortages ...
Wage growth in the UK has slowed to its weakest level since November, while unemployment has crept higher, as businesses brace for a series of cost pressures including tax hikes and a rise in the national minimum wage. According to new data from the Office for National Statistics (ONS), regular pay excluding bonuses rose by 5.6% in the three months ...