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Guests ejected mid-stay from bankrupt hotel chain Sonder
Posted onGuests across the world have been told to leave their accommodation mid-holiday after property rentals firm Sonder suddenly went bankrupt. The collapse came after hotel chain Marriott terminated its leasing agreement with Sonder, a year after the partnership had been established. It allowed Sonder rooms to be booked via Marriott’s various booking platforms and app….
Rachel Reeves plans ‘targeted action’ on bills in Budget
Posted onFaisal IslamEconomics editor Watch: Government will be taking targeted action on cost of living, says Reeves Chancellor Rachel Reeves has said she is planning “targeted action to deal with cost of living challenges” in next month’s Budget. Speaking to the BBC, she said it was the job of both the government and the Bank of…
Tech billionaires seem to be doom prepping. Should we be worried?
Posted onZoe KleinmanTechnology editor BBC Mark Zuckerberg is said to have started work on Koolau Ranch, his sprawling 1,400-acre compound on the Hawaiian island of Kauai, as far back as 2014. It is set to include a shelter, complete with its own energy and food supplies, though the carpenters and electricians working on the site were…
US firm collapses ringing ‘alarm bells’, says Bank of England chief
Posted onThe collapse of two US companies could be a sign of wider problems in the financial system and “alarm bells” were ringing, the governor of the Bank of England has said. Andrew Bailey told a House of Lords committee that it was important to take the failure of car parts supplier First Brands and subprime…
Bitcoin worth $14bn seized in US-UK crackdown on alleged scammers
Posted onLauren Turner and Osmond Chia Reuters The US government has seized more than $14bn (£10.5bn) in bitcoin and charged the founder of a Cambodian business empire, Prince Group, with allegedly masterminding a massive cryptocurrency scam. UK and Cambodian national Chen Zhi was charged on Tuesday in New York for allegedly engaging in a wire-fraud conspiracy…
