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Netflix will reveal for the first time how many people watch its shows in the UK | netflix

Netflix will finally reveal exactly how many people watch its shows in the UK, giving insight into the streaming service’s true cultural power and its impact on UK viewing habits. So far it’s been known that 13 million people tuned in to the BBC’s Line of Duty final or 31 million viewers watched England in …

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Banning flights on UK roads with fast rail links ‘could cut flight emissions by a third’ | Railway industry

Banning flights on routes with fast rail links could cut the UK’s emissions from domestic aviation by a third, according to a report. The Intergenerational Foundation (IF) think tank report found that domestic aviation was responsible for emitting 2.7 megatonnes of CO2 in 2019 alone – the equivalent of the annual emissions of 1.7 million …

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Electricity giants will finally face a windfall tax as Liz Truss makes a U-turn | Energy industry

Renewable energy companies will see their revenues capped in England and Wales, after the government bowed to pressure to clamp down on skyrocketing profits. The late Tuesday night announcement sparked immediate accusations that Downing Street had made “another screaming U-turn” – after previously rejecting calls to impose a windfall tax on electricity giants. On the …

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IMF tells central banks to focus on inflation as recession looms | International Monetary Fund (IMF)

The International Monetary Fund has told central banks to “stay the course” in their fight against inflation, despite warning that a third of the global economy will be in recession next year. In its biannual update, the Washington-based IMF said “the worst is yet to come”. He cited a combination of cost-of-living pressures, Russia’s invasion …

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UK pension funds step up fire selling as need for cash soars

UK pension funds step up fire selling as need for cash soars

LONDON, Oct 11 (Reuters) – British pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England seeks support aimed at keeping them afloat. The Bank of England plans to stop buying bonds on October 14, leaving pension schemes scrambling to meet a collective fundraising …

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Uber and Lyft slip after US proposes new gig work rule

Uber and Lyft slip after US proposes new gig work rule

Shares of the biggest companies in the U.S. gig economy fell after the Biden administration proposed a new rule that would make it more likely that gig workers would be classified as employees instead of independent contractors. Ride-sharing app Uber fell 16.7% as shares of rival Lyft and food delivery service DoorDash hit record highs …

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IMF cuts global outlook for 2023 due to colliding global shocks |  Business and Economics News

IMF cuts global outlook for 2023 due to colliding global shocks | Business and Economics News

The International Monetary Fund (IMF) has lowered its global growth forecast for 2023 as economic pressures come up against war in Ukraine, high energy and food prices and sharply rising rates of interest. The IMF warned on Tuesday that conditions could worsen significantly next year and said it expected more than a third of the …

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Fire-fighting Bank of England forced to buy inflation-linked bonds

Fire-fighting Bank of England forced to buy inflation-linked bonds

The Bank of England announces that it will buy indexed gilts Purchases of 5 bln stg per day until the end of the week BoE warns of ‘significant risk’ to financial stability The move represents a new headache for British Prime Minister Truss LONDON, Oct 11 (Reuters) – The Bank of England on Tuesday again …

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