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UPS to cut 30,000 jobs as it moves away from Amazon
Parcel delivery giant UPS says it will cut up to 30,000 jobs this year as it further reduces shipments for its biggest customer, Amazon. The world’s largest package delivery company has been scaling back deliveries for the online retail giant, which it says are “extraordinarily dilutive” to its profit margins. UPS says the job cuts…
Xbox to limit cloud gaming to 15 hours a month for Game Pass users
Xbox is introducing strict monthly time limits for Game Pass subscribers who stream games online through its cloud gaming service. The changes, which come into effect in November, will see a subscriber to the £16.99 Ultimate monthly plan able to stream games for up to 15 hours a month – before having to purchase additional…
UK set for a booming mortgage market, say analysts
Kevin PeacheyCost of living correspondent Getty Images Competition among lenders suggests that mortgage rates could be cut in the coming weeks, according to brokers and analysts. In a newly-published report, financial information service Moneyfacts said “expectations are high for a booming market in 2026”. Its data shows the choice of mortgage products has risen to…
UK unemployment rate rises to 5% as jobs market weakens
Michael Sheils McNameeBusiness reporter Reuters The rate of UK unemployment has risen to 5% in the three months to September, showing signs the jobs market has weakened, according to new official figures. It is the highest rate since the period covering December 2020 to February 2021, according to the Office for National Statistics (ONS) –…
