EU opens probe into Microsoft’s £59bn deal to buy Call of Duty maker Activision Blizzard November 8, 2022 The European Commission has opened an in-depth investigation into Microsoft’s proposed $68.7bn (£59.5bn) acquisition of Call of Duty maker Activision Blizzard. The commission said it was concerned that the proposed deal may reduce competition in the market. A preliminary investigation found that the transaction may significantly reduce competition, including multi-game subscription services and cloud game [...]
Citi bumps holiday days in grab for talent November 8, 2022 Citigroup is bumping its holiday days in an attempt to lure top talent to the Wall Street bank. According to an internal memo seen by City A.M. and first reported by Bloomberg, employees will get 27 days of holiday effective from January, increasing to 28 days after two years and 29 days after five years. The [...]
Government urged to sign off policy ensuring more EVs are on the road by 2024 November 8, 2022 A string of large electric vehicle (EV) players are lobbying the government to ink a mandate which would ensure a certain proportion of cars on the road in the UK are electric by 2024. A dozen businesses, including Ford, Britishvolt and Pod Point, have written to transport secretary Mark Harper and business minister Grant Shapps [...]
Twitter pauses paid blue-tick launch for US midterms November 8, 2022 Twitter confirmed that it would be delaying the rollout of its paid-for verification until after the US midterm elections, temporarily abating fears about fake account misinformation campaigns. As the new social media chief, Elon Musk has laid out plans to allow users to purchase blue-tick verification for their profiles – a privilege that is usually [...]
Exclusive: Industry body slams UK-US LNG deal following fracking snub November 8, 2022 UKOOG has hammered the Government's decision to chase a long-term LNG deal with the US, while banning fracking.
Richard Branson facing US lawsuit is sign of the times for the young space industry November 8, 2022 The lawsuit Richard Branson is facing in the US over claims he hid Virgin Galactic’s problems from shareholders is a sign of the times, as investors become rattled by a young market’s growing pains. The British billionaire has been accused of defrauding shareholders into overpaying for the space tourism company’s shares, a US judge said [...]
Watchdog ‘cherry-picking’ buy-now pay-later rules, fintech groups claim November 8, 2022 Fintech bodies have rounded on the City watchdog for “cherry-picking” its regulation of buy-now pay-later firms today, after it threatened executives with jail time for contravening financial promotion rules.
Law firms avoid layoffs amid fears of repeating mistakes of 2008 crisis November 8, 2022 Law firms are avoiding making widespread layoffs, as they seek to wait out the current crisis, due to fears of repeating the mistakes made during the financial crash of 2008, analysts have said. The world’s top law firms are continuing hiring and holding back on making redundancies, despite declining profitability, new analysis from Thomson Reuters [...]
BrewDog signed beer distribution deal in Qatar despite ‘anti-sponsorship’ campaign November 8, 2022 BrewDog has signed a deal with an alcohol distributor operating in Qatar, despite launching an ‘anti-sponsorship’ campaign this week protesting human rights in the country ahead of the World Cup. The firm’s beers are distributed in the country by the Qatar Distribution Company – a state-owned subdsidiary of Qatar Airways – which is the only [...]
Global investors plough £97bn into funds as confidence rebounds November 8, 2022 Global investors ploughed $111.5bn (£96.58bn) into exchange traded products in October as conviction roared back in the strongest month of flows since March, new data has revealed.