China targets stronger energy ties with Russia as G7 price cap looms November 29, 2022 China is prepared to strengthen its relationship with Russia on energy issues to ensure "international energy security."
HSBC shares top FTSE 100 after it offloads Canada business to RBC for £8.4bn November 29, 2022 BRITAIN’S biggest bank HSBC has sold its Canadian business to Royal Bank of Canada (RBC) for $10.1bn (£8.4bn) in a move that may save some face with disgruntled Asian investors demanding the firm be broken up. The Canary Wharf headquartered lender said today it plans to redistribute a chunk of the $5.7bn (£4.7bn) profit it [...]
Centrica tops up gas storage at Rough site ahead of winter November 29, 2022 The UK has enjoyed a much needed supply boost, after Centrica revealed it has refilled the Rough storage site ahead of winter.
FTSE-100 indexer rolls out crypto equivalent amid market turmoil November 29, 2022 The firm behind the FTSE-100 has rolled out a series of crypto indexes today as it doubles down on a push into digital assets despite extreme volatility in the market.
Exclusive: The billions of dirty money in the City despite FCA scandals that rocked HSBC and NatWest November 29, 2022 Going back more than a decade, in the summer of 2012, HSBC was fined $1.9bn for inadequate compliance and anti-money laundering control processes. The banking giant was found guilty of providing money laundering services to drug cartels as well as terrorist groups in the Middle East. Ten years on, money laundering is still a serious problem. Less [...]
Germany backs Qatar to meet energy needs with mega LNG deal November 29, 2022 Germany is gambling on Qatari gas supplies to meet its energy needs, as it shifts from Russian pipelined gas, with a long term LNG deal.
Musk dumps Twitter’s Covid disinformation policy November 29, 2022 Elon Musk has abandoned Twitter’s Covid disinformation policy in a grand push for free speech. “Effective November 23, 2022, Twitter is no longer enforcing the Covid-19 misleading information policy,” a notice on its website reads. The new owner of the social media firm axed the former “Covid-19 misleading information policy” page, outlining rules surrounding Covid [...]
BlockFi sues Bankman-Fried in bid to scoop up Robinhood stake November 29, 2022 Crypto lender BlockFi, which yesterday filed for bankruptcy, is suing the founder of collapsed crypto exchange FTX in a bid to claim Robinhood shares which were allegedly pledged as collateral, according to reports.
Arctic miner GreenX to pocket £740m in damages from Polish government November 29, 2022 Arctic miner GreenX Metals is set to pocket £737m in damages from the Polish government, following a hearing in London over the past two weeks. The London-listed company, which mines for metals critical for the green transition, had sued Poland for profits lost in relation to two projects, Jan Karski and Debiensko, based in the [...]
Brexit: Small firms ‘not clamouring for bonfire of EU laws’ according to BCC survey November 29, 2022 Small firms are “not clamouring for a bonfire of regulations” from the EU after Brexit, with only four per cent of small firms understanding a bill paving the way for deregulation. More than 70 per cent of companies surveyed by the British Chamber of Commerce (BCC) did not know about the Retained EU Law Bill, [...]