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Energy price cap to change as winter beds in
Posted onKevin PeacheyCost of living correspondent Getty Images Regulator Ofgem will announce the next energy price cap later on Friday, with prices for millions of households expected to fall slightly at the height of winter. Gas and electricity bills remain relatively high, and the sudden drop in temperature has brought the costs to the forefront of…
Covid fraud and error cost taxpayers £10.9bn, report will say
Posted onJosh MartinBusiness reporter Getty Images The report will look at Covid-era programmes like Eat Out to Help Out, which subsidised hospitality bills Covid-19 support programmes cost taxpayers nearly £11bn through fraud and error, a report will say. The Covid Counter Fraud Commissioner Tom Hayhoe will say fraudsters exploited a “golden opportunity” when he shares his…
Toy sellers keep close watch on under 16s social media ban
Posted onKevin PeacheyCost of living correspondent Getty Images The link between toys and sports has proved successful for the sector UK toy sales have risen for the first time in five years, but sellers are braced for the potential impact of any social media ban for under-16s. The value of toy sales rose by 6% last…
Mandalorian actress Gina Carano settles with Disney over firing
Posted onActress Gina Carano has settled her lawsuit against Disney and Lucasfilm after she was fired from Star Wars franchise spin-off The Mandalorian. She was dropped from the cast in 2021 following comments she made comparing being a Republican in the US to being a Jew during the Holocaust. Ms Carano, a former MMA fighter who…
Tesco and M&S report strong Christmas food sales
Posted onRetail giants Tesco and Marks & Spencer both saw a bump in food sales over the vital Christmas period despite both mentioning a challenging economic backdrop. Tesco said sales in the UK were up 3.2% from last year and it had now notched up its highest market share in more than a decade. M&S said…
Nvidia shares soar after beating earnings forecast
Posted onChip giant Nvidia beat Wall Street’s expectations for revenue and upcoming sales, easing investor concerns about heavy artificial intelligence (AI) spending that have unsettled markets. In its quarterly earnings report on Wednesday, the firm said revenue for the three months to October jumped 62% to $57bn, driven by demand for its chips used in AI…
