Crypto markets flat as European stock markets open higher June 28, 2022 The price of Bitcoin (BTC) continues to hold at above $20k, down around 1.7 per cent to $21,037 this morning.
‘War crime’: NATO to up troop numbers as shopping mall blaze branded ‘one of most brazen terror attacks in European history’ June 28, 2022 NATO is set to increase troop numbers by up to 300,000, as Russia’s missile strike on a Ukrainian shopping mall has been branded “one of the most brazen terrorist attacks in European history” by Ukraine’s president. Vlodymyr Zelensky condemned the “calculated hit” against a shopping centre with 1,000 people inside, in the city of Kremenchuk [...]
Exclusive: Poor connectivity costs UK firms £18bn a year June 28, 2022 British SMEs are losing £18.77bn a year because of poor connectivity, costing the UK economy, an estimated loss of £7.7bn every year. The research, conducted by Three UK, YouGov and Development Economics, found that micro-businesses and small to medium sized firms, who provide their employees with work phones, are losing out on an average of one hour of [...]
Extending windfall tax to renewables will jeopardise investment warns RWE boss June 28, 2022 RWE boss has warned energy firms will reconsider investment plans in the North Sea if the UK expands its windfall tax to electricity generators.
Telecom giants agree new cost of living plan amid rocketing prices June 27, 2022 The UK’s biggest broadband and mobile operators have agreed to a raft of new commitments to further help customers with the rising cost of living following a government-led summit at No 10 Downing Street.
FCA laments the high number of financial crime ‘red flags’ missed by crypto firms June 27, 2022 The Financial Conduct Authority said many crypto firms that have applied to register under money laundering regulations miss financial crime “red flags” and have inadequate controls. A spokesperson for the FCA said to City A.M.: “We have seen too many financial crime red flags missed by the cryptoasset businesses seeking registration.” Some firms do not [...]
Goldman Sachs cuts Coinbase price target and downgrades it to ‘sell’ June 27, 2022 Goldman Sachs reduced Coinbase’s price target from $75 to $40 and cut its rating to “sell” from “neutral” as the crypto market experiences a severe rout. In a report today, the banking giant cited falling cryptocurrency prices and lower industry activity for the downgrade. “We believe current crypto asset levels and trading volumes imply further [...]
Glastonbury 2022: Protest and celebration as festival roars back June 27, 2022 It’s been an anxious three years for Glastonbury, but this weekend the most important and influential of the UK’s music festivals, and one of the most essential stages in the world, returned for the first time since 2019. Did it rain? Of course it did – but only a little bit. Late afternoon crowds on [...]
Hedge funds short Tether after Terra crash June 27, 2022 Hedge funds have Tether in their crosshairs as they keep betting against the stablecoin following TerraUSD’s collapse last month. Larger numbers of traditional hedge funds are shorting Tether, the world’s biggest stablecoin, through major crypto brokerage Genesis Global Trading Inc., the Wall Street Journal said. “There has been a real spike in the interest from [...]
HMRC: Big UK firms owe £2.7bn in unpaid VAT June 27, 2022 HMRC is missing out on a total of £2.7bn in underpaid VAT, a new study has revealed. HMRC suspects 208 of the UK’s 2,000 largest businesses have underpaid VAT by an average of £13.4m each, according to fresh analysis by Thomson Reuters. The study said that the £13.4m figure relates to “tax under consideration”, which [...]