James Smith News

Reliance Consumer Products (RCPL) on Wednesday acquired packaged foods brand SIL, with a portfolio of products such as cooking pastes, jams, mayonnaise, baked beans and Chinese sauces.

Inflation in the U.K. has risen to its highest level since March

In a briefing note today (14 October), the firm said that the way in which the debt target is currently formulated «allows almost no room for additional borrowing to invest».  Research director James Smith and senior economists Emily Fry and Cara Pacitti said the chancellor is faced with a plethora of options for reform to facilitate improved fiscal flexibility in the Budget.  Reeves urged to allow National Wealth Fund to issue bonds to unlock £100bn of private finance On the side of incremental change, technical tweaks such as including, instead of excluding, Bank of England liabi...

July 2nd, Panama – Gate.io , a top cryptocurrency exchange and Web3 innovator, today announced it has enlisted Elliptic, the leading provider of blockchain analytics and investigative solutions, to strengthen its compliance program. Through this collaboration, Gate.io is integrating Elliptic’s comprehensive suite of blockchain monitoring solutions to fortify its network of compliance providers, demonstrating the exchange’s commitment to its users and adherence to regulatory requirements.

According to the report, consumers “spent more for less” in January, as the 3.9% monthly rise in sales values — the amount spent — exceeded the 3.4% rise in sales volumes.

By William Schomberg

Firms expected their output price inflation to fall in the next 12 months by 1.5 percentage points from the 4.4% reported for Q4 2023.

Pornhub, Aylo Holdings, has agreed to pay a hefty $1.8 million fine to sidestep criminal prosecution related to profiting from sex trafficking videos. US officials unveiled this deal last week, marking the resolution of a contentious issue involving various adult websites under Aylo Holdings' umbrella, such as RedTube, YouPorn, and Brazzers. This agreement, aimed at avoiding legal action, required Aylo Holdings to acknowledge deriving profits from sex trafficking and commit to compensating some of the victims. Additionally, the company will undergo independent monitoring for the subsequent three years.

The owner of Pornhub, one of the world’s largest adult content websites, has admitted to profiting from sex trafficking and agreed to make payments to women whose videos were posted without their consent

Inflation in the U.K. held steady at 6.7% in September as easing food and drink price rises were offset by higher fuel costs for motorists

job vacancies also declined, official figures showed on Tuesday, in a sign that the labour market is losing momentum. British average earnings, excluding bonuses, were 7.8% higher than a year earlier during the three months to August, down from an upwardly revised 7.9% in the three months to July, the first such fall since January. Average earnings are being monitored by the Bank of England as it considers whether to resume raising interest rates to counter the risks from still-high inflation. The latest reading from Britain's Office for National Statistics was in line with expectations from economists polled by Reuters, but sterling fell slightly against the U.S. dollar after the data. «While wage growth is still much too strong for the Bank of England's liking, there's nothing in the latest data that's likely to push the committee into a rate hike at the November meeting,» ING economist James Smith said. Private-sector regular pay — the component looked at most closely by the BoE — saw annual growth slow to 8.0% in the three months to August, from 8.1%. Annual growth in total pay — a more volatile measure which includes one-off bonuses — slowed more than expected to 8.1% in the quarter through August, from an unrevised 8.5% in the May to July period. However, with consumer price inflation of 6.7% in August, the real-terms increase in pay was far smaller. Regular pay, adjusted for CPI inflation, grew by an annual 0.7% in the three months to August.

The British economy shrank by 0.5% in July after a series of strikes, particularly by doctors at the start of their careers, and unseasonably wet weather

The British economy shrank by 0.5% in July after a series of strikes, particularly by doctors at the start of their careers, and unseasonably wet weather

In the last year, Skye Sanderson says she has lost everything.

The British economy unexpectedly grew in the second quarter of the year, largely as a result of a strong rebound in June when many businesses particularly in the leisure sector benefited from the warm and settled weather

The British economy unexpectedly grew in the second quarter of the year, largely as a result of a strong rebound in June when many businesses particularly in the leisure sector benefited from the warm and settled weather

Canadian police are hunting for the remaining suspect in the stabbing deaths of 10 people in an Indigenous community and nearby town in the province of Saskatchewan, after finding the body of his brother.