‘One-size-fits-all’ UK crypto rules won’t prevent an FTX repeat, Ripple warns November 15, 2022 The implosion of crypto exchange FTX has underscored the urgent need for a “comprehensive and nuanced regulatory framework” in the UK, crypto firm Ripple told City A.M. today.
Indonesia reaches £17bn climate partnership with world’s wealthiest nations November 15, 2022 A group of the world's wealthiest nations has entered into a $20bn energy partnership with Indonesia, which hosting the G20 summit.
Ronaldo’s explosive interview with Piers Morgan: Man Utd could ‘rip up’ contract, top sport lawyer says November 15, 2022 Manchester United are within their right to “rip up the contract” of star forward Cristiano Ronaldo following his explosive interview with Piers Morgan this week. The comment from the head of Sport at Mishcon de Reya comes after the Portugal forward, considered one of the best players in history, caused shockwaves by saying he feels [...]
Gupta’s UK steel business strikes nears deal with creditors to stave off bankruptcy November 15, 2022 The UK arm of Sanjeev Gupta’s steel empire has struck a preliminary deal with major creditors that could let it stave off insolvency proceedings by restructuring its debts. Liberty Steel Group has reached a preliminary agreement with Credit Suisse Asset Management, Greensill Capital, and Greensill Bank to restructure its debts, the steelmaker said in a [...]
Europe set for diesel supply scramble as high prices expose tight markets November 15, 2022 Europe could be scrambling for diesel supplies over the winter, the International Energy Agency, amid ultra-high prices.
Regulators circle Bankman-Fried as FTX predicts creditors could top one million November 15, 2022 Collapsed crypto exchange FTX expects to have more than one million creditors, the firm has revealed in bankruptcy filings, as regulators and policy makers circle founder Sam Bankman-Fried and look to stave off further collapses across the industry.
Virgin crew on ‘Rainbow’ flight with England team won’t wear LGBT-friendly uniform due to Qatar’s strict rules November 15, 2022 The Virgin Atlantic flight taking England’s team to Qatar is called ‘Rain Bow’ – but its staff won’t be able to wear gender-fluid uniform over concerns about their safety. The airline announced a change to the uniform policy this week with Qatar being a very conservative country where same-sex relations and any pubic displays of [...]
UK stands to net up to £400m in investment for 10 recycling hubs November 15, 2022 The UK could net up to £400m to build 10 new recycling facilities across the country under a partnership between private equity firm Crossroads Real Estate and Clean Planet Energy. Luxembourg-based Crossroads is also helping Clean Planet Energy fund its flagship ‘eco plant’ which is currently under construction in Teesside, in the North East. The [...]
Warren Buffett reveals over $4bn stake in world’s largest chipmaker TSMC November 15, 2022 American business magnate Warren Buffett’s Berkshire Hathaway has revealed a $4.1bn (£3.4bn) stake in the world’s largest chipmaker, in a rare big bet on tech. Shares in Taiwan Semiconductor Manufacturing Company (TSMC) rose 7.8 per cent to $480 (£405) a share by the time Taipei’s market closed, on the back of Buffett weight in investment [...]
Ofwat orders Thames Water and Southern Water to return £80m to customers November 15, 2022 Two of the UK's leading water companies will have to return more than £80m to customers, confirmed watchdog Ofwat.