Author: WTX Business Team

TRT World says Netflix has said inflation, the Russian offensive in Ukraine, and fierce competition contributed to a loss of subscribers for the first time in more than a decade.

The Independent says the average rental asking price in the UK has jumped to a new record as demand continues to outstrip properties on the market, according to a report.

The Metro says Brits face a further squeeze on their household incomes after the rate of inflation rose to another 30-year high.

The Independent says household saving is expected to fall by 71% on last year to an average of £26 a week as inflationary pressures drastically reduce families’ ability to put money away, figures suggest.

The Sun says MILLIONS of families and pensioners will get a pay rise from today as benefit rates go up.

The Guardian says Ukraine’s economy is on course to contract by almost half this year as the Russian invasion and the impact of a “deep humanitarian crisis” takes its toll, the World Bank has said.

The Guardian says Elon Musk, Twitter’s biggest shareholder, has decided not to join the social media company’s board, its chief executive Parag Agrawal has said.

The Guardian says EasyJet cancelled more than 200 flights over the weekend with disruption expected to last into this week, leaving some passengers stranded amid travel chaos.

Sky News says the UK economy grew at a rate of 1.3% in the last three months of 2021, a faster pace than first thought and bringing GDP to just below pre-pandemic levels.

The Independent says the UK economy grew at a faster pace than first thought in the final three months of 2021 despite the spread of the Omicron variant of coronavirus, according to official figures.

TRT World says hackers have stolen cryptocurrency worth over $600 million from a digital ledger used by players of the popular online game Axie Infinity, in a major digital cash heist.

The Guardian says Rishi Sunak has sought to defend his mini-budget against accusations he failed to shield Britain’s poorest families from the worst hit to living standards in six decades.

Aljazeera says China will allow local and foreign investors access to more sectors of the economy after cutting its so-called negative list for market access.

Rishi Sunak has delivered his spring statement mini-budget speech in the Commons and announced some important points – Here’s what you need to know. 

The Metro says the rate of inflation has soared to its highest level in 30 years amid the spiralling cost of living.

The Metro says P&O Ferries says it is offering more than £36 million in compensation to sacked staff, with 40 employees in line for payments of more than £100,000.

The Independent says P&O Ferries’ chief executive has insisted his company did not commit any offence in firing nearly 800 workers without notice, as it set out a compensation package of £36.5m.

The Guardian says Britain’s annual inflation rate rose to 6.2% in February and now stands at its highest level in three decades.

BBC News says Indian agency workers hired to replace P&O Ferries crews in Dover are being paid £1.81 an hour, a union claims.

The Metro says another 30 British companies have signed up to a six-month pilot of a four-day working week.

Arab News says on Tuesday, oil prices fell to a two-week low following continued ceasefire talks between Russia and Ukraine.

The Guardian says Britain’s economy bounced back from the Omicron variant of coronavirus at a faster pace than expected during January, as consumers returned to eating and drinking out in pubs and restaurants.

The Metro says Energy giant Shell has announced it will stop buying oil and gas from Russia and shut all of its service stations in the country.

The Independent says the economic fallout from conflict in Ukraine will help trigger the biggest fall in living standards for Brits since the mid-1970s, according to the Resolution Foundation, a leading think tank.

The Independent says Oil prices soared on Sunday to their highest point since mid-2008, as the global market continued to suffer the consequences of Russia’s assault on Ukraine.