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Business

  • Musk mulls ring-fencing Twitter ‘beef’ with different ‘versions’ of site

    October 29, 2022

    Elon Musk has suggested that Twitter could be split up into maturity-rated content streams to ring-fence harmful and extreme posts, as the debate over moderation of material on the site rages on.

  • Ministers rubbish Russian claims Britain was behind Nord Stream attack

    October 29, 2022

    The Russian defence ministry has accused the British navy of attacking and rupturing the Nord Stream gas pipelines last month, a claim that British ministers described as an attempt to divert attention away from military failures in Ukraine.

  • Sacked Twitter chiefs could pocket $122m in payouts

    October 29, 2022

    The three top Twitter chiefs sacked by Elon Musk could be in line for payouts worth $122m, according to a research firm.

  • Octopus Energy snaps up collapsed rival Bulb

    October 29, 2022

    Octopus Energy has struck a deal to snap up its collapsed rival Bulb today, ending the period of ‘special administration’ that has seen billions pumped into the firm by the government.

  • Tech giants plunge in value after weak earnings

    October 29, 2022

    US tech giants have had more than $250bn wiped off their value in the past week as investors fled in the wake of a weak set of quarterly earnings and warnings of an advertising slowdown.

  • Mayor meets with neurodiversity campaigners in bid to make capital world-leader

    October 29, 2022

    London Mayor Sadiq Khan has met with leaders of a campaign to encourage more neurodiversity in the business world. The term is a relatively new one but encompasses individuals with conditions including autism, ADHD, dyslexia and dyspraxia amongst others. Dan Harris, the CEO of Neurodiversity in Business (NiB), told City A.M. that whilst individuals “may [...]

  • Weekend read: Volatile month in UK gilt market turns the Old Lady into a hawk

    October 29, 2022

    As October is coming to a close, it’s been a rollercoaster month for the UK’s financial market. Following the bungled mini-budget on 23 September that sent equities spiralling, the pound plummeted to an all-time low against the dollar and bond yields soaring higher. In the first few days following Kwasi Kwarteng’s announcement of the mini-budget, [...]

  • Rollercoaster tycoon: Billionaire owner of Camden Market launches amusement park for kids

    October 29, 2022

    The owner of Camden Market has launched a new three-storey 35,000 sq ft amusement park for children, complete with a rollercoaster. Billionaire businessman Teddy Sagi opened the Babylon Park site this week, replicating similar ventures in 20 locations around the world. In June of this year, Sagi put Camden Market up for sale and delisted [...]

  • David Grutman, the “King of Miami” gives us his take on hospitality

    October 28, 2022

    David Grutman is a hospitality impresario behind a string of restaurants, hotels and nightclubs in Miami. As he takes part in the AMEX  Shaping Insights podcast, we caught up with him to quiz him on the state of hospitality Tell us about yourself I’m originally from Naples, which is about two hours from Miami, so [...]

  • ‘The bird is free’: Elon Musk’s $44bn Twitter takeover gets mixed reaction

    October 28, 2022

    After months of uncertainty, the world’s richest man, Elon Musk, finally completed his $44bn takeover of Twitter. The billionaire entrepreneur announced the long-awaited deal, tweeting this morning: “The bird is free”. The owner of Tesla made a dramatic entrance to the company’s San Fransisco HQ on Wednesday evening carrying a porcelain basin, tweeting: “let that [...]

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