Hammond calls for competition probe into digital advertising market March 13, 2019 The government will call on the competition regulator to launch an inquiry into the digital advertising sector amid concerns about the dominance of tech giants. Presenting his Spring Statement this afternoon, Chancellor Philip Hammond said he will ask the Competition and Markets Authority (CMA) to review the market and ensure Google and Facebook “pay their [...]
Spring Statement: Chancellor to consult on new ways of funding infrastructure projects March 13, 2019 The government is to launch a consultation on how the government pays for infrastructure projects such as Crossrail and HS2 in future, the chancellor said today. In a Spring Statement overshadowed by an impending vote by MPs on whether to accept a no-deal Brexit, Philip Hammond said he would consult business on how to fund [...]
Spring Statement: Philip Hammond demands Brexit consensus as he warns of no deal dangers March 13, 2019 Philip Hammond used his Spring Statement today to urge MPs to compromise on Brexit as he launched a savage assessment on the economic risk of ‘no deal’. Speaking a day after parliament again voted down Theresa May’s withdrawal agreement, the chancellor said leaving the EU without a deal would increase unemployment and food prices, and [...]
Boris Johnson invokes anger by claiming historic child sexual abuse probe money is ‘spaffed up the wall’ March 13, 2019 Boris Johnson came under fire today for “disgusting” comments he made saying public money was being “spaffed up the wall” on investigating historic cases of child abuse. The former London mayor made the remarks on LBC, saying the money would be better spent on tackling knife crime. Read more: Boris Johnson urges May to secure [...]
Bank for International Settlements warns central banks over risk posed by cryptocurrency exposure March 13, 2019 The Bank for International Settlements (BIS) has warned banks that cryptocurrencies could pose a risk to financial stability. The BIS Basel Committee, which sets regulatory standards for central banks, said the growth of crypto asset trading platforms and new financial products could increase the risks faced by lenders. Read more: Most UK consumers unable to [...]
Energy firm Eon calls time on the UK’s first ever wind farm March 13, 2019 The British renewables industry has marked a new milestone as Eon prepares to decommission the country’s first ever offshore wind farm. The Blythe site, which at its height supplied around 2,000 homes, will be taken down in April, Eon said. Read more: A third of UK energy to come from offshore wind by 2030 The [...]
Ex-Pimco chief executive Douglas Hodge charged in connection with US college admissions fraud scandal March 13, 2019 Former Pimco chief executive Douglas Hodge has been charged in relation to a US university admissions fraud scandal. Hodge, 61, has been charged with conspiracy to commit mail and wire fraud in connection to an alleged elite college admissions exam cheating scheme. Read more: UBS to protect dividend after €4.5bn fine in French tax fraud [...]
Boeing shares rise as firm hopes to ride out aftermath of 737 Max 8 aircraft crashes March 13, 2019 Shares in US plane maker Boeing have risen slightly in pre-market trading, in what the manufacturer will hope is a sign the global fallout from its crashed aircraft over the weekend is calming down. The firm was 1.49 per cent up before US markets opened this afternoon, three days after after a a Boeing 737 [...]
Watchdog bans Sky Bet ad starring Jeff Stelling over sports knowledge claim March 13, 2019 A Sky Bet advert starring football presenter Jeff Stelling has been banned by the industry watchdog over fears it could lead to irresponsible gambling. The Advertising Standards Authority (ASA) said the advert implied those with a good knowledge of sports would have more gambling success and gave an exaggerated perception of how much control punters [...]
Renault-Nissan-Mitsubishi alliance overhauls management in wake of Ghosn scandal March 13, 2019 Key executives at Nissan and Mitsubishi have stepped down as the car alliance looks to overhaul its management team amid the scandal surrounding Carlos Ghosn. Nissan senior vice president for human resources Arun Bajaj left the firm on 11 March, the company said today. Bajaj had taken a leave of absence in January and was [...]