Author: Scott Dylan

Raspberry Pi has reported stronger-than-anticipated profits in its first update since floating on the London Stock Exchange. The Cambridge-based company’s shares rose in early trading as a result of this positive news.The budget computer firm, whose products are made in South Wales, raised a significant £178.9 million during its initial public offering (IPO) in June, providing a much-needed boost to the London Stock Exchange.Raspberry Pi has exceeded expectations with its recent financial performance. Reporting a 61% increase in revenues to £107.9 million over the six months ending June 30, it is a substantial improvement compared to the previous year. This…

Credit card debt in the United States has reached unprecedented levels. The average American struggles to keep up with mounting interest payments. Former President Trump has proposed a cap on credit card interest rates, aiming to alleviate this burden.Rising Credit Card Debt and Interest RatesThe Federal Reserve Bank of New York reports that Americans’ credit card debt has surged to a staggering $1.14 trillion. This escalation is compounded by current average interest rates of 21.5%, significantly higher than pre-pandemic levels.Former President Trump’s recent proposal intends to cap credit card interest rates at 10%. This measure promises to halve the monthly…

Caroline Ellison, former co-founder of FTX and ex-girlfriend of Sam Bankman-Fried, has been sentenced to two years in prison. Her cooperation with prosecutors was deemed crucial in securing the conviction of Bankman-Fried.Judge Lewis Kaplan highlighted Ellison’s extensive cooperation, which played a key role in one of the largest financial fraud cases in US history. Ellison expressed deep remorse for her actions during her emotional testimony.Ellison’s Cooperation with ProsecutorsJudge Lewis Kaplan acknowledged Caroline Ellison’s substantial cooperation with prosecutors, describing it as ‘very, very substantial.’ This cooperation was instrumental in convicting Sam Bankman-Fried, the former head of FTX, in what has been…

A significant endorsement has been announced for Vice President Kamala Harris. Over 400 economists and former high-ranking US policymakers are backing her vision for the American economy.This widespread endorsement comes at a crucial time as Harris seeks to challenge former President Donald Trump’s lead on economic issues. These endorsements, predominantly from left-leaning figures, highlight a stark contrast in economic policies.Support from Leading EconomistsMore than 400 economists and ex-officials, including notable names like Brian Deese and Jason Furman, have publicly endorsed Kamala Harris’s economic vision. This endorsement document highlights the choice between two distinct economic strategies: the current administration’s policies versus…

An advanced precision engineering firm has made a significant investment of £4m, resulting in the creation of 40 new jobs. This move involves relocating to a larger facility, thus tripling its production capacity.The American owners of the company are confident in the capabilities of the North Wales workforce, signalling a robust vote of confidence in their future growth. The relocation will enhance production and efficiency, marking a milestone for the company.Expansion OverviewThe company plans to move to a new 30,000 sq ft factory on the Tir Llwyd Industrial Estate. This space is almost three times larger than their current premises,…

The boss of struggling retailer Superdry has called upon the government to take action against what he describes as Shein’s ‘unfair tax advantage.’ Julian Dunkerton, the founder of the Gloucestershire-based chain, claims the fast-fashion giant has been dodging tax.Under current regulations, imports under £135 to the UK are exempt from import duties. Dunkerton argues this loophole benefits Shein, giving it an unfair edge over other retailers.Julian Dunkerton, founder and brand director of Superdry, has publicly criticised Shein for exploiting tax regulations. He argues that Shein avoids paying import duties on low-priced parcels sent from overseas, giving it a significant advantage…

Somerset businesses are being presented with a notable opportunity. The developer of a major gigafactory in Bridgwater is hosting an event focused on supply chain possibilities. This initiative aims to engage local companies in the forthcoming project.The Bridgwater facility is set to become the largest electric vehicle battery factory in the UK. This ambitious project, spearheaded by Agratas, part of the Mumbai-based Tata Group, is scheduled to be operational by 2026. The gigafactory will primarily supply batteries for Jaguar Land Rover and Tata Motors.Agratas formally submitted plans to Somerset Council for approval this month. The decision is expected before Christmas.…

A groundbreaking partnership has been established between EARZZ and CAREVision to revolutionise care management and fall prevention in care homes.This collaboration integrates advanced acoustic monitoring technology with comprehensive care planning software to enhance resident safety and operational efficiency.Enabling Fall Prevention And Proactive Care ManagementAI-powered early alerts enable carers to respond swiftly when movement noise is recognised in residents’ rooms, helping to prevent falls and reduce the risk of serious injuries. The system also identifies and alerts carers to other health-related sounds, such as screaming and coughing.The technology keeps digital records of concerning sounds in residents’ rooms, providing carers and managers…

Card Factory has experienced a notable rise in sales, yet profit margins remain under pressure due to ongoing cost challenges.The company, headquartered in Wakefield, has disclosed a substantial fall in pre-tax and operating profits despite a commendable increase in overall sales.The Wakefield-based retailer, operating over 1,000 stores across the UK, reported a 43.3% drop in pre-tax profits, reducing the figure to £14 million for the half-year ending July. Despite this, group sales saw an uptick, reaching £233.8 million from the previous year’s £220.8 million.Despite the pervasive headwinds, Card Factory has managed a strong performance in what is considered a difficult…

A minor incident at a Walmart self-checkout has led to devastating consequences for a Canadian Olympian and U.S. college softball coach. Meaggan Pettipiece’s failure to scan a few items has not only resulted in the loss of her job but also irreparably damaged her career.The Incident at WalmartIn March, Meaggan Pettipiece, a Canadian Olympian and U.S. college softball coach, faced an unexpected turn of events at a Walmart in Indiana. She inadvertently failed to scan $67 worth of items at the self-checkout, including asparagus and ham. Despite paying for other items totalling $167, her failure to scan a few items…