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As recession rages, Tesco offers pay advance to UK staff

As recession rages, Tesco offers pay advance to UK staff

LONDON, Nov 18 (Reuters) – Tesco (TSCO.L), one of Britain’s largest private sector employers, is offering its staff wage advances in the latest sign of distress stemming from a worsening cost of living crisis. Inflation hit its highest level in 41 years, driven by rising energy bills and double-digit price hikes for foods like milk, …

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Cryptoverse: The British Pound Fiasco Boosts the Appeal of Bitcoin Hedging

Cryptoverse: The British Pound Fiasco Boosts the Appeal of Bitcoin Hedging

Oct 25 (Reuters) – As a developed country, you know your currency is in trouble when investors start hedging with bitcoin. After brief British Prime Minister Liz Truss unveiled her mini-budget on September 23, filling financial markets with dread, a section of investors moved away from the pound and into cryptocurrency. Trading volumes between bitcoin …

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