Credit Suisse hit with record £87m fine by UK bank regulator for Archegos failings July 24, 2023 Credit Suisse has been hit with a record £87m fine by the Prudential Regulation Authority (PRA) for its failures relating to the collapsed hedge fund Archegos Capital. The PRA criticised Credit Suisse’s “significant failures in risk management and governance” between the start of 2020 and the end of March 2021. “This is the PRA’s highest [...]
Qatar’s top Arabic wellness retreat offers loads that Western retreats don’t July 24, 2023 Could Middle Eastern wisdom be the answer to modern ill health? Lisa Kjellsson checks into Qatar’s royally appointed new wellness retreat to find out It’s not every day you come face to face with royalty, but at Qatar’s new uber-luxurious spa retreat, I’m shocked to see the queen sweep past with her small entourage, instantly [...]
FTSE 100 firms shutting out DIY investors with corporate mumbo-jumbo, investment platform warns July 24, 2023 Top UK bosses are shutting out amateur investors from the market by using corporate waffle and overly technical language in their shareholder communication, a top investment platform has warned.
The Seychelles holiday you need to book now July 24, 2023 The Seychelles is thriving. Adam Hay-Nicholls checks into a recent opening to find creative inspiration Seychellen luxury hotel Mango House will cause you to abandon your beach book and erect an easel. The charming staff have arranged for me not only a cold SeyBrew and towels, but a tray of acrylic paints. With the encouragement [...]
Gove planning shake-up: ‘We need housing today, not tomorrow’ July 24, 2023 Michael Gove will loosen planning laws to allow vacant shops to be converted into homes as part of his latest efforts to tackle the UK’s housing crisis. On Monday the minister for housing and levelling up revealed a slew of planning reforms as well as a further commitment to building over 1m new homes across [...]
London office investment slumps to 14-year low July 24, 2023 London office investment slumped to a 14-year low in the second quarter of the year, new data shows, as high interest rates stifled momentum built up in the early months of the year. Some £1.2bn was spent on London offices last quarter, a 59 per cent drop on the £2.9bn spent in the previous quarter [...]
Barbenheimer lights up cinemas but strikes cast shadow on industry’s future July 24, 2023 Barbie and Oppenheimer, the pop culture power movie duo nicknamed Barbenheimer, had a triumphant opening weekend, reviving cinemas to their pre-pandemic glory – if only for a fleeting weekend. Vue cinemas witnessed their biggest weekend since 2019, raking in nearly £30m at the UK box office according to the UK Cinema Association, as over 500,000 [...]
Ryanair chief O’Leary slams EU inaction over French air traffic control strikes July 24, 2023 Ryanair boss Michael O’Leary has hit out at the European Commission this morning over its handling of strike action by staff at French air traffic control, describing it as a “shambles.” Following Ryanair’s first quarter results, O’Leary told analysts on a conference call that the continuing failure of the commission to take action to address [...]
Bitcoin picks up where it left off with eyes on $30,000 July 24, 2023 Bitcoin and other cryptocurrencies continue to idle as investors wait for significant signals for their next move
Elon Musk bids adieu to the Twitter bird as social media giant rebrands to ‘X’ July 24, 2023 Twitter owner Elon Musk revealed the social media giant will bid farewell to its famous blue bird, as a new “X” logo was unveiled this week, in a bid to transform it into an “everything app”. The billionaire Tesla boss announced the revamp, tweeting his desire to “bid adieu” to the Twitter brand and, gradually, [...]