Neowin News Feed for: Inflation

UK regulator finally takes action on inflation-linked mid-contract price hikes

Paul Hill — Sat, 20 Jul 2024 12:58:01 +0000

Ofcom has finally put an end to inflation-linked price rises for UK customers in phone, broadband, and pay-TV contracts. However, it is too late to help those walloped by the recent inflation. Read more...

EE and BT to move away from inflation-linked price increases

Paul Hill — Thu, 11 Apr 2024 06:58:01 +0000

EE has announced a simpler price increase model that will come into force next year. It said that customers would be told of price increases in pounds and pence, and they wouldn't be inflation-linked. Read more...

Around 1,000 jobs are being axed to build “a stronger Ebay”

Paul Hill — Wed, 24 Jan 2024 05:52:01 +0000

Ebay has announced that it's getting rid of 1,000 jobs and reducing the number of contractors it uses. It is just the latest round of job cuts that have been affecting the tech industry. Read more...

Uswitch: 85% of UK customers find mid-contract price hikes unfair

Paul Hill — Thu, 02 Nov 2023 19:52:02 +0000

Uswitch is asking Ofcom to change the way broadband and mobile providers increase prices for customers. With recent high inflation, mid-contract price rises have been very noticeable. Read more...

UK broadband costs more now but issues are widespread, finds Which?

Paul Hill — Tue, 04 Jul 2023 20:28:01 +0000

The consumer rights organization, Which?, has castigated broadband companies in the UK for putting prices up but only delivering mediocre services. Its survey found many customers had issues. Read more...

IBM worker, off for 15 years, speaks up about his situation and discloses illness

Paul Hill — Mon, 15 May 2023 22:55:22 +0000

The IBM employee Ian Clifford, who hasn't worked since 2008 but is still being paid, has disclosed that he's suffering from leukaemia. He said his court actions for a pay rise are for his family. Read more...

Inactive IBM employee who hasn't worked since 2008 sued company after getting no pay rise

Paul Hill — Sat, 13 May 2023 02:34:54 +0000

An inactive IBM employee in the UK sought to get a pay rise to help overcome inflation earlier this year. The employee, Ian Clifford, gets paid via a company health plan but hasn't worked since 2008. Read more...

Poor UK households could save £200 on broadband but are unaware of social tariff deals

Paul Hill — Mon, 24 Apr 2023 02:20:01 +0000

Just 5% of eligible households in the UK are subscribed to a social broadband tariff. They are priced more reasonably for people on welfare who have tighter budgets but still need internet access. Read more...

IDC lowers worldwide IT spending forecast for fifth month due to worsening global economy

Paul Hill — Wed, 05 Apr 2023 18:54:01 +0000

IDC has revised worldwide IT spending growth for the fifth consecutive month. It now expects growth of 4.4%, down from 4.5% last month and 6% last October, due to inflation and higher interest rates. Read more...

UK consumers can save money on TV, broadband, and mobile packages, according to Which?

Paul Hill — Sat, 07 Jan 2023 02:48:01 +0000

The consumer group Which? has urged people to look around for cheaper broadband, TV, and mobile deals to save money. It said people could cut £162 a year by switching to a cheaper provider. Read more...

Amazon to cut 18,000 jobs, mostly in Stores and PXT Solutions teams

Paul Hill — Thu, 05 Jan 2023 02:52:01 +0000

Amazon is going to lay off 18,000 employees, almost double what it had previously planned in November. Communication with affected employees is now set to take place from January 18. Read more...

How-Tos for Holiday Marketing in Times of Inflation - Free Webinar

Sponsored — Wed, 02 Nov 2022 20:00:01 +0000

Retailers and ecommerce brands should expect an extremely competitive holiday season as shoppers are tightening their belts and looking for savings. This free Webninar will set you on the right path. Read more...

The Middle East & North Africa (MENA) region saw a 48% growth in crypto usage

Paul Hill — Wed, 05 Oct 2022 18:54:01 +0000

People in the Middle East & North Africa region have been turning more towards cryptocurrencies to pay remittances and preserve the value of their savings where major inflation is underway. Read more...

Microsoft: We have no plans to raise Xbox prices at this time

Usama Jawad — Thu, 25 Aug 2022 21:18:01 +0000

Sony announced earlier today that it is increasing the price of PlayStation 5 across pretty much all regions except the U.S. Microsoft says it has no plans to hike Xbox prices at this time at all. Read more...

Sony is increasing PlayStation 5 prices globally due to difficult economic conditions

Karthik Mudaliar — Thu, 25 Aug 2022 09:04:01 +0000

Sony is raising the prices of its latest gaming console, the PlayStation 5, citing challenging economic conditions such as high global inflation rates and adverse currency trends. Read more...

Amazon sellers to be hit by higher fees over the holidays due to inflation

Paul Hill — Tue, 16 Aug 2022 20:32:01 +0000

Amazon has announced that it's putting up fees for sellers that use Fulfillment by Amazon. Each item sold in the U.S. or Canada will incur a $0.35 fee. Amazon blamed inflation for the decision. Read more...

Dify users in Germany to briefly enjoy double cashback rates from over 130 partnering shops

Fiza Ali — Thu, 07 Jul 2022 12:14:01 +0000

After Spain, Poland, and Ukraine, the initial version of Opera's built-in browser cashback service, Dify, has now also come to Germany, offering cashback from over 130 partnering shops. Read more...

Tesla CEO Elon Musk is looking to axe 10% of jobs at the car firm due to the economy

Paul Hill — Fri, 03 Jun 2022 17:16:01 +0000

Elon Musk has e-mailed employees to say the firm is pausing hiring and that it will have to let go of around 10,000 workers. It comes as inflation causes people to reduce their spending on luxuries. Read more...

Apple sees dark clouds ahead, iPhone SE production slashed by 20%

Paul Hill — Mon, 28 Mar 2022 22:24:01 +0000

Apple has slashed iPhone SE production by 20% due to several factors that make the company believe it will sell fewer devices. Concerning Apple are inflation levels and the Russo-Ukrainian war. Read more...