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Cost of living: Families are priced out of London, Assembly told
Posted onKumail JafferLocal Democracy Reporting Service AFP via Getty Images The number of births in London in 2023 was 20% lower than the peak in 2012, according to the London Assembly Families are being priced out of living in London due to rising costs and a lack of social housing, the London Assembly has been told….
Geothermal energy: Investment needed to develop new tech
Posted onTo go faster and deeper will require advances in drilling technologies. Companies are developing drilling equipment that is more stable when breaking through hard rock at high temperatures. Some firms are even aiming to penetrate rock without using standard drills. Quaise, a company with roots at the Massachusetts Institute of Technology (MIT), is using a…
Pizza Hut to close 68 UK restaurants
Posted onCharlotte EdwardsBusiness reporter, BBC News Getty Images Pizza Hut is to close 68 restaurants and 11 delivery sites in the UK with the loss of 1,210 jobs, after the firm running them fell into administration. DC London Pie Limited, which operates Pizza Hut’s UK restaurants, appointed FTI Consulting as administrators on Monday. However, Pizza Hut’s…
Trump plan to cap credit card costs hits bank shares
Posted onShares in banks and credit card firms have fallen after US President Donald Trump called for credit card costs to be capped. On Friday, Trump wrote on Truth Social that interest rates on cards should be limited to 10% for one year from 20 January. He did not specify how such a cap might be…
Colombias budding tech scene needs a cash boost
Posted onRappi’s success signals a bigger change happening in Colombia – the country has shaken off its dangerous reputation, especially since the 2016 Peace Accord. It has become a magnate not only for tourists, but also immigrants moving to destinations such as Medellín and Bogotá from the likes of the US, Canada and the UK.
