Economy

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Economy

As tech giants face a financial downturn, some new players are focusing on people over profit

Emerging technology business models aim to empower consumers Harbucks / Shutterstock The tech industry has been rocked by recent economic woes. While once thought of as close to recession proof, companies from Netflix to Meta are suddenly experiencing serious financial setbacks. As the Washington Post reported last week: “Big tech is bracing for a possible […]
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Economy

The future for streaming services: four ways your TV subscriptions could change because of the cost of living crisis

Streaming platforms are facing a tougher economic outlook sitthiphong / Shutterstock UK households are cancelling streaming service subscriptions, citing the need to cut comforts to afford increasingly expensive necessities such as food and fuel. Netflix, which has spent the last decade cementing itself as one the the UK’s top streaming services, is often seen as […]
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Economy

Shareholders are suffering most from Elon Musk’s Twitter feud — here’s why both sides must renegotiate the deal

Elon Musk’s recent highly public back and forth with Twitter has given the market whiplash. Twitter, while initially resisting the tycoon, went on to sign an agreement with him worth US$44 billion (£36.6 billion) in April 2022. The deal placed a 38% premium on Twitter’s then-share price. While the market would expect value to be […]
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Economy

Tech firms face more regulation after moves to stop ‘killer’ acquisitions – but innovation could also be under threat

Regulators are increasingly concerned about the impact of larger firms acquiring smaller rivals. Shutterstock One way to eliminate the competition in business is simply to buy them out and shut them down. And that means less choice for consumers and sometimes the loss of innovative and, in the case of the pharmaceutical industry, even life-saving […]
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Economy

Being in a couple can leave women with less savings – here’s how to make nest eggs more equal

New research shows the negative impact gender norms can have on UK savings goals. insta_photos/Shutterstock Growing job insecurity, financial market volatility and rising prices have created an extremely uncertain environment for UK savers. The country’s welfare provisions are among the lowest of all OECD countries and a growing number of pensioners are finding it difficult […]
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