London venture firm Pact launches £30m seed fund November 24, 2022 Female-led venture capital investor Pact has revealed its first £30m seed fund today as it looks to pump cash into early-stage startups across Europe.
Banks may sabotage plans to reimburse scam victims, MPs warn November 24, 2022 Lawmakers are set to scrutinise plans to force banks and building societies to pay back victims of scams amid concerns banks may sabotage the plans with misleading delays, a committee announced today.
London investment will come roaring back after drop-off, says British Business Bank November 24, 2022 London’s firms will be forced to weather a sharp drop-off in deals in the coming months before they rebound in full force, a top official at the British Business Bank has warned.
China Covid-19 cases hit record high as Beijing postpones ‘reopening’ November 24, 2022 Daily Covid-19 cases in China have hit a record high, cementing a fresh wave of concern that the country will not ‘open up’ after all. Wednesday saw 31,527 cases recorded compared with an April peak of 28,000. The figures are relatively small for the country of 1.4bn people. Beijing’s controversial ‘zero-Covid’ policies were hoped to [...]
‘Rapidly escalating threat’: Environmental groups call for single-use vape ban November 24, 2022 Environmental groups have called for the sale of single-use e-cigarettes to be banned due their “rapidly escalating threat”. In an open letter to environment secretary Thérèse Coffey and health secretary Steve Barclay, 18 environment and health groups, including Green Alliance and RSPCA, argue that disposable vapes are “unnecessary electrical items” that contain single use plastic, [...]
Binance chief poised to snap up $1bn distressed crypto assets November 24, 2022 The chief of crypto exchange Binance said he may snap up $1bn worth of distressed assets in the sector as firms fail amid the shockwaves of FTX’s collapse.
‘Is that it?’: Gove unable to say how Brexit ‘made business easier’ when asked six times on R4 November 24, 2022 Principal Brexiteer michael Gove was unable to name a ‘single benefit’ of Brexit, as business leaders warn of continued economic strain. The levelling up secretary appeared to falter while speaking on Radio 4’s Today Programme this morning, asked no less than six times how firms would benefit from the UK’s departure from the EU. This [...]
Energy bill support to cost billions as Ofgem unveils monster £4,279 price cap November 24, 2022 The energy price cap will rise by a further £700 in the new year, Ofgem has announced - a 20 per cent hike to its current record rates.
Exclusive: Sky Mobile boss says Brits are holding on to old phones to save cash November 24, 2022 The boss of Sky Mobile has said people are keeping their mobile phones for double the time as the cost of living crunch sets in. Speaking with City A.M., managing director Paul Sweeney said that customers are increasingly holding onto older devices for as long as three years rather than the more standard year and [...]
UK frees up £4bn in export finance to boost post-Brexit trade with Morocco November 24, 2022 Britain has made £4bn available in export finance to boost post-Brexit trade with Morocco. The funding will be available for Moroccan buyers as long as 20 per cent of content is from UK firms, it has been announced. This comes as the UK looks for trading opportunities around the world after leaving the European Union, [...]