Struggling to afford heating bills, Britons turn to 'warm banks' to keep out the cold

Newsletter Dec 21, 2022 [ International Business Times]( [Struggling to afford heating bills, Britons turn to 'warm banks' to keep out the cold]( Every morning on her days off, Mary Obomese wraps up in her winter coat and heads to Woolwich Centre Library in southeast London, where she spends two hours on the computer and keeps herself warm. [Recession, rate hikes seen jamming brakes on global 2023 earnings growth]( Corporate earnings growth is expected to slow in the year ahead in many countries as higher inflation and rising interest rates take an even bigger toll and companies brace for the likelihood of a global economic downturn. [Learn more about Jeeng]( [UK fines TSB Bank nearly £50 million for IT fail]( British regulators on Tuesday said they had fined TSB Bank ?48.7 million ($59 million) over an IT upgrade that left customers unable to access services. [UK nurses stage new walkout over pay]( UK nurses on Tuesday staged a second one-day strike amid an increasingly acrimonious fight with the government for better wages and warnings that patient safety could be jeopardised. [Portugal approves windfall tax on energy firms, food retailers]( Portugal's parliament on Tuesday approved a 33% tax on the windfall profits that energy companies and food retailers may be bringing in with inflation at a near three-decade high. [EU states reject ban on 'payment-for-order-flow' share trades]( European Union member states on Tuesday rejected plans to ban brokers earning fees in return for directing share trades to specific trading platforms, part of a sweeping stock market overhaul to compete better with post-Brexit London. [Cryptocurrencies at crossroads after annus horribilis]( To borrow from Britain's Queen Elizabeth, 2022 is not a year on which the cryptocurrency world shall look back with undiluted pleasure. [Swiss Microlino reboots bubble car with electric model]( Two Swiss brothers are seeking to put their country back on the carmaking map by reviving a 1950s motoring classic with an electric twist. [Nike shares soar as profits top estimates despite inventory glut]( Nike executives described the most difficult supply excesses as "behind us," adding that available inventories -- while still elevated -- are at their lowest levels in four quarters. [Meta is building virtual world open to app makers, CEO tells antitrust court]( Meta Platforms Inc boss Mark Zuckerberg defended his acquisition of a virtual reality fitness app to an antitrust judge on Tuesday, arguing that his company was helping to build a nascent virtual reality industry, not dominate it. [Taliban-led Afghan administration suspends women from universities]( Afghanistan's Taliban-run higher education ministry on Tuesday suspended access to universities by female students until further notice, drawing strong condemnation from the United States, Britain and the United Nations. [Beijing braces for surge in severe COVID cases as world watches with concern]( Beijing faces a surge in severe COVID-19 cases over the next two weeks, a respiratory expert said, amid global concerns over possible mutations and knock-on effects for the world economy after the surprise ditching of China's tough virus policies. You Might Like [Learn more about Jeeng]( [IBTimes]( IBTimes will always protect your security and privacy. Please read our detailed [Privacy Policy.]( Please do not reply to this email. [Click here]( to adjust your notification preferences or unsubscribe. © Copyright 2022 IBTimes LLC. All Rights Reserved. IBTimes LLC, 33 Whitehall ST FL 7, New York, NY 10004 U.S.A, New York, New York 10004, United States You may [unsubscribe]( or [change your contact details]( at any time.