Financial News

Electric vehicle charging app Zap-Map has secured £9m in Series A funding to grow its development team and fund international growth. Read more: EV charging app Zap-Map powers up for international expansion with £9m raiseRead More

Former Chancellor Lord Philip Hammond has been appointed to the advisory board of the provisionally named Fintech Growth fund, a £1bn venture to invest in financial technology startups, according to reports. Read more: Lord Hammond to join £1bn Fintech Growth FundRead More

July could be the “lull before the storm” for retailers and consumers after the heatwave boosted sales of summer clothing, picnic treats and electric fans despite the intensifying cost of living crisis, experts have warned. Read more: July could be ‘lull before the storm’ for retailers and consumersRead More

The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflationary pressures that are gaining a foothold in Britain’s economy, its deputy governor, Dave Ramsden, has said. Read more: Bank of England will probably need to raise rates again, says deputy governorRead More

Intel has called on the government to lay out a strategy for the semiconductor industry and not miss out on inward investment. Read more: UK urged to come up with microchip strategyRead More

Boris Johnson has no plans to introduce big tax and spending measures before he leaves office to ease the cost-of-living crisis, Downing Street has said. Read more: Boris Johnson rules out immediate cost-of-living measuresRead More

With credit card borrowing growing at its fastest pace since 2005, new analysis shows that last month average rates on credit cards hit their highest level since 1998. Read more: Millions of Brits in for shock charges as credit card rates hit highest level since 1998Read More

Google has apologised for a software update issue that caused a major international outage on Tuesday. Read more: Google apologises after software update causes search engine to go downRead More

British consumers could face even higher bills and potential energy shortages this winter after Norway threatened to ration electricity exports. Read more: UK braces for even higher bills as Norway threatens electricity export cutRead More

The advent of digitalization and its implementation in all areas of society has changed both the structure and habits of life. Read more: Digital economy: a reality of the 21st centuryRead More