Author: Sam Allcock

UK-based food processing company Veetee Foods, Inc. is set to expand its operations in the United States by opening a major production plant in Selma, North Carolina, located in Johnston County. This move represents a significant investment of $35.7 million and is expected to create 200 new jobs in the region, providing a substantial boost to the local economy. The new facility will utilise over 20 years of technological advancements developed at Veetee’s factory in the UK. It will be equipped to cook a variety of foods including rice, pasta, noodles, and spaghetti, using ingredients sourced domestically within the US.…

In a significant economic shift, the Federal Reserve’s interest rate reduction has caught the attention of the cryptocurrency market. Experts suggest this could signal a promising bull run for digital currencies.Esteemed Bitcoin trader IncomeSharks has projected a potentially lucrative phase for altcoins, setting a confident tone for investors. This optimism stems from adjustments in the financial landscape that might encourage a wave of investment diversification.The Ripple Effect of Federal Rate Cuts on CryptocurrencyThe Federal Reserve’s decision to lower interest rates is a pivotal moment for financial markets, especially cryptocurrencies. In these times of economic fluctuation, lower rates often signal increased…

Nigel Farage, the prominent leader of Reform UK, has announced he is stepping down from owning the party as it gears up for a significant overhaul at its upcoming conference in Birmingham. Farage revealed that he will surrender his controlling shares in the party, allowing members to take greater control over its future direction. However, despite relinquishing ownership, Farage has made it clear he intends to remain the leader of the party, potentially guiding Reform UK into the next general election. Farage explained that when Reform UK, originally launched as the Brexit Party, was established, it was structured as a…

In a rapidly evolving business landscape, over half of UK investors (53%) are now prioritising business proposals that include a clear manifesto, according to a recent survey conducted by Adobe. This trend signals a significant shift towards the importance of vision and values in driving long-term success, with manifestos gaining more weight than traditional business plans for many investors. The concept of manifestos has gained momentum alongside the growing popularity of manifestation practices. Manifestation, traditionally associated with personal growth, is becoming an essential tool for entrepreneurs and investors alike. More than 52% of Brits have embraced manifestation techniques such as…

American Golf, the UK’s leading golf retailer, has reported a sales increase and market share growth during the first half of 2024. Despite facing a slow start to the year due to unusually wet weather, the retailer managed a like-for-like (LFL) sales increase of 1.8% and a 1.4% rise in market share. The period under review, from February to August, saw particularly strong results in the sale of equipment, clubs, and footwear. The growth in these key product categories highlights American Golf’s continued success in establishing itself as the ultimate one-stop shop for golfers. Its ability to attract both loyal…

The Bank of England has held UK interest rates at 5%, signalling that the country is “gradually on the path down” from the higher borrowing costs seen in recent months. Governor Andrew Bailey confirmed the Bank’s decision not to raise rates further, noting that inflation has “come down a long way.” However, he emphasised that more evidence is needed to ensure inflation remains low before making further reductions. Despite the decision to hold rates, inflation is still slightly above the Bank’s target, with the latest figures showing a rate of 2.2% last month. This was an improvement from previous months,…

The UK national debt has soared to 100% of the country’s GDP, marking the highest level since the 1960s. This milestone poses a significant challenge for Chancellor Rachel Reeves as she prepares for the upcoming budget, scheduled for the end of October. According to figures from the Office for National Statistics (ONS), the UK’s debt as a percentage of gross domestic product (GDP) rose by 4.3 percentage points over the past year, culminating in a debt level equivalent to the nation’s entire economic output. In August alone, government borrowing—the difference between public sector expenditure and income—stood at £13.7bn, which is…

Pepe Unchained, the latest Ethereum layer 2 blockchain, has raised an impressive $14 million in its presale phase. The project has captured significant interest, underpinned by its developer grant initiative, inviting blockchain creators to innovate within its ecosystem.With the presale price set at $0.00981, Pepe Unchained is a beacon for investors. As the price increases, the project’s ambition to bolster its developer community and enhance blockchain applications stands out as a strategic move.Initiative to Propel Developer EngagementCalling all developers, Pepe Unchained presents a remarkable opportunity to launch meme coins and related applications on its blockchain platform. This exciting initiative, dubbed…

Ripple whales have strategically acquired over 380 million XRP, signalling substantial market activity.These purchases, valued at around $228 million, occur as Bitcoin leads a market resurgence.Market Resurgence and Bitcoin’s PerformanceOver recent days, Ripple whales have expanded their holdings by acquiring more than 380 million XRP tokens. Valued at approximately $228 million, these acquisitions signal strategic moves amidst the broader market’s ascendancy. As Bitcoin reclaims substantial benchmarks, reaching the $63,000 mark, the attention towards XRP indicates its role in the potential market upswing.XRP has shown notable recovery signs, illustrating a trend reversal with a daily uptick of 1%, a weekly gain…

Global video game commerce company, Xsolla, has announced a collaboration with AbleGamers for a charitable initiative at TwitchCon 2024, aimed at improving accessibility in gaming for people with disabilities. This partnership will feature an interactive campaign designed to raise funds and awareness for AbleGamers, a charity that helps gamers with disabilities by fostering inclusivity and developing assistive technologies. The campaign, which will take place at Xsolla’s booth (Booth 1515-SW), offers TwitchCon attendees the chance to collect one of two limited-edition charity pins. The pins are specially designed, with 1,000 featuring Xsolla’s iconic Cat logo and another 1,000 created in collaboration…