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Bank of England — UK Interest Rates Climb to 1.25%

Inflation in the UK has reportedly increased by 0.25%, the latest of five consecutive rises, bringing CPI inflation at a 40-year high. We wrote recently on how inflation is supposedly climbing in Europe. Hosting Data regards this situation as really a supply chain problem, and a COVID hangover from the previous restrictions. In what was an inevitable outcome from years …

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Elon Musk Gets Twitter for $44B, Privatising it to ‘Protect Free Speech’

News about Twitter’s trending on its own platform after Elon Musk successfully buys it.  Elon Musk successfully purchased Twitter on Monday (April 25) for $44 billion – sending the social platform trending on its own website. The social platform is abuzz with news of what possible choices could be in store for the popular social media site. Users are also …

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Elon’s Slashing Twitter Board Salary to £0, What the Internet Thinks

Musk owns 9.2% of Twitter’s company stock already.  Elon’s looking for more control, with the “poison pill” as one of his largest obstacles. Musk is reportedly manoeuvring to get together his acquisition bid for Twitter. In one New York Post report on Tuesday, which uses two undisclosed sources, Musk is possibly willing to put aside as much as $15B  of …

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Elon’s May Invest 15B of His Own Cash to Get Twitter

Elon Musk may set aside $15 billion of his own money to finance his $43 billion Twitter bid, according to one report. Elon Musk is reportedly full-throttle in his bid to acquire Twitter and its extensive database infrastructure of which reportedly at least 5% of social accounts are bots. A New York Post report said on Tuesday that Musk is …

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UK Expects Sustained Stagflation (A Recession)

The threat of a sustained “stagflation” leading to a recession in Britain has increased after consumer costs surged more than anticipated while GDP slowed to a creep. Recessions have far-reaching implications on households as well as living standards. Because of greater costs and less demand, firms are more likely to job-cut, lessen pay, or reduce work staff hours – each …

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UK Expecting Sustained Period of ‘Stagflation’

There threat of a sustained period of stagflation in Britain has grown after consumer costs surge past forecasts and as economic growth stunts. Recent economic figures from official as well as informal sources reveal underwhelming economic performance underneath analyst predictions, triggering concerns that stagflation is upon us and even possibilities for an economic recession for this year’s second quarter.Stagflation Economic …

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Roadmap to the UK Gov’s Campaign Against Encryption

Rolling Stone Magazine broke the news that the British government approached an advertising agency for a £500,000 campaign – since confirmed by the Home Office. Its goal? To prep a media blitz PR campaign. It’s focus, to undermine public confidence in encrypted communications apps. The initial stage of the campaign should get underway in May. But what will it look …

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Campaign by UK Gov Raises Privacy Concerns

Encryption remains a powerful privacy tool needed for secure data exchanges (use cases include online banking, handling student records in a school database, or national cyber security). But some British officials are set to campaign against the possibility of this mechanism, as with fears around VPN protocols, being used to work against law enforcement and to protect criminals. Allegedly, the …

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Downing Street Hit With Spyware? CyberSec Group Claims

Foreign Office and No.10 Downing St.’s network systems were allegedly infected by spyware, says a Canadian cybersecurity group. Information has been released that the Citizen Lab informed British officials in 2020 and 2021 that suspicious Pegasus spyware had infiltrated Downing Street’s computer networks, and this attack seems to be linked to perpetrators in the UAE. Pegasus is allegedly sold by …

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UK’s IPO Rule Changes to Encourage Market Health

London IPOs are seeing a historic low as the British government doubles down on efforts to boost activity — according to Bloomberg. The British Competition and Markets Authority (CMA) recently suggested that all companies listed on the London Stock Exchange should be grouped into one category in order to eliminate premium and standard categories. The CMA is hoping to increase …