Cost of living crisis prompts almost a third of UK workers to take second job July 28, 2022 Nearly third of workers in the UK are seeking to work two jobs to support themselves as the cost of living crisis sends prices of essentials soaring. 32 per cent of workers are aiming to take on a second job in addition to their current job to make more money, a national survey of 2000 [...]
Liz Truss and Rishi Sunak will both lose in the style stakes July 28, 2022 It was Nadine Dorries who started it. Of course it was. Earlier in the week, the culture secretary, a passionate Liz Truss supporter, tweeted to praise the foreign secretary for wearing earrings from Claire’s Accessories which had cost £4.50. By contrast, Rishi Sunak was sporting £450 Prada loafers and a bespoke suit worth £3,500. No [...]
Money launderer jailed for nine years over scheme to smuggle £104m to Dubai July 28, 2022 The head of a money laundering operation, that saw millions smuggled out of Heathrow airport in suitcases and sent to Dubai, has been jailed for nine years. Emirati national Abdullah Mohammed Ali Bin Beyat Alfalasi, 47, ran a scheme that saw cash believed to be profits from drug dealing, collected from criminal groups across Britain [...]
Biden administration: 75,000 Russian troops have been killed or injured in Ukraine war so far July 28, 2022 Up to half the troops Russia has committed to the war in Ukraine have been killed or injured, according to classified information from the White House. Joe Biden’s administration officials told House lawmakers that 75,000 Russians have been killed or wounded during the ongoing war in Ukraine. Neither Russia or Ukraine have released official figures [...]
UK courts could grant damages in cryptocurrency, Law Commission argues July 28, 2022 British courts could award remedies like damages in cryptocurrencies, the Law Commission said in its Digital Assets Consultation paper today. “There is an arguable case for law reform to provide courts in England and Wales with the discretion to award a remedy (where traditionally denominated in money) denominated in certain crypto-tokens in appropriate cases,” the [...]
Ofwat clamps down on water companies with proposals to regulate dividends July 28, 2022 Water companies could be prevented from making dividend payments if their financial resilience is at risk, in new reforms pushed by Ofwat.
Exclusive: Energy boss slams Liz Truss’ plans to suspend green levies as ‘nonsensical’ July 28, 2022 Good Energy's chief executive Nigel Pocklington has slammed Liz Truss' proposal to impose a moratorium on green levies.
Crypto market faces more sell-offs and crashes with stablecoins particularly vulnerable, IMF says July 28, 2022 Crypto could be further battered and experience more sell-offs and collapses, esepcially stablecoins, as the crypto crash hits the market, the International Monetary Fund said. “We could see further selloffs, both in crypto assets and in risky asset markets, like equities,” Tobias Adrian, Director of Monetary and Capital Markets for the IMF, said in an [...]
BT makes revenue growth comeback thanks to consumer price hikes July 28, 2022 BT has met market expectations, with a one per cent climb in revenue to £5.1bn in the first quarter as the telcos firm hikes prices and pushes Openreach networks.
Crypto markets pick up after US central bank chair suggests major rate rises may slow down July 28, 2022 The crypto markets have picked up again this morning, with the price of bitcoin climbing back up to just below $23k.