Weekly Digest – 30 November 2022
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
Covid issues in China concerning for the global economy
Protests across China against the country’s strict Covid-19 policies concern financial experts. They’re worried that they will cause economic ramifications in other world markets.
Conservative MP’s side gig called into question
Cabinet minister Oliver Dowden received more than £8,000 in fees for “policy advice” from a hedge fund manager who hosted a champagne reception for Kwasi Kwarteng on the day of the disastrous mini-budget.
Insulation help coming, but not in time for winter
The government will spend £1bn on grants to insulate Britain’s draughtiest homes starting next spring. They will also launch an £18m public information campaign to offer advice on how to reduce energy use in the home “without sacrificing comfort”.
BlockFi files for bankruptcy as the crypto crash continues
Troubled cryptocurrency firm BlockFi is the latest domino to fall after the spectacular crash of FTX earlier this month. They currently owe money to more than 100,000 creditors.
US bans the sale and import of new Huawei devices
For the first time, the US has banned the sale and import of new communications equipment from five Chinese companies, including Huawei and ZTE. The move is the latest against Chinese tech firms due to spying concerns.
Greener flying is possible with hydrogen-fueled aircraft
Rolls-Royce and easyJet are currently testing an aircraft that runs on hydrogen and say that it’s a “major step” towards proving that zero-carbon aviation fuel is possible.
BT strike set to end as the union comes to an agreement over pay
The first national strike action by BT staff in 35 years is set to end if members vote in favour, with workers earning a £1,500 pay rise starting 1 January. A further increase would come in April and a review later in the year.
Why mothers have trouble returning to work
Jeremy Hunt promised to address the labour shortage by assessing the barriers and incentives to work, but made no mention of childcare. The Guardian interviewed four mothers to understand how scarce childcare availability and high cost prevent them from working.
What does philanthropy look like for the richest people in the UK?
Amazon CEO Jeff Bezos is the latest ultra-rich person to pledge most of his fortune to worthy causes in his lifetime. It seems to be the trend in the US. But do the richest people in the UK feel the same need to give?
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