‘You’re free to go’: Huawei CFO Meng Wanzhou reaches shock deal with US September 25, 2021 Meng Wanzhou, Huawei’s chief financial officer and the daughter of the company’s founder, Ren Zhengfei, has resolved criminal charges against her as part of a shock deal with the US Justice Department that paves the way for her to return to China. The agreement with Wanzhou calls for the Justice Department to dismiss fraud charges [...]
Johnson to unveil temporary visa scheme to ease Christmas-period shortages – CityAM : CityAM September 25, 2021 Prime minister Boris Johnson is set to unveil a temporary visa scheme to allow overseas workers into the UK in a bid to ease the country’s shortages in the lead up to Christmas. Following months of pressure from businesses, with supermarkets and fuel giants alike reporting issues, the new programme will cover up to 10,000 [...]
Exclusive:Lib Dem candidate slams City of London Corp over China stance : CityAM September 24, 2021 The Liberal Democrats’ new candidate for the Cities of London and Westminster constituency has launched an attack on the City of London Corporation’s “weakness towards the Chinese Communist Party”. Edward Lucas, a veteran journalist, said the powerful Square Mile local authority “don’t get the threat” from China. Also Read: Exclusive: City of London Corporation chief says [...]
Government in talks to build new nuclear power plant in Wales – CityAM : CityAM September 24, 2021 The UK is reportedly in talks with a US company over plans to build a nuclear power plant in Wales which will ease reliance on electricity as the country moves to net zero. Under the proposals the US nuclear reactor company Westinghouse would build a new plant in Angelsea the Times first reported. The project [...]
Twitter adds tipping with Bitcoin after turbulent week for crypto markets September 24, 2021 It was a week in which Bitcoin and other cryptocurrencies once again appeared to be trapped in lockstep with the traditional markets.
Fashion firm Asos joins forces with esports brand Fnatic – CityAM : CityAM September 24, 2021 Fashion retailer Asos and gaming brand Fnatic have inked a multi-million pound deal for a three-year partnership. London-based global esports brand Fnatic said they would launch a number of online and offline activations with the online retailer. It is the first time Asos has joined forces with an espots brand and the fashion firm’s logo [...]
EU citizens fund billboards to expose conflicting messages in bloc’s food policies September 24, 2021 A group of European citizens have donated thousands of Euros to protest conflicting messages at the heart of existing EU food policies. The billboard campaign ‘thismakesnosense.org’, launched by ProVeg International, calls out the EU’s efforts to encourage the public to consume more meat and dairy while simultaneously urging people to reduce their consumption of meat [...]
BREAKING: China in all-out crypto crackdown as it declares all payments illegal : CityAM September 24, 2021 China’s central bank has declared that all crypto currency payments are illegal causing the global market to crash by 5.9 per cent at 11am UK time. A Q&A posted on the People’s Bank of China’s website outlining government guidelines for cracking down on cryptocurrency trading has said all crypto payments are against the law. It [...]
Avro Energy used by boss to pump cash into family firms – CityAM : CityAM September 24, 2021 The boss of Avro Energy reportedly used the recently collapsed energy firm to pump more than £3m into his family’s other businesses and accounts. The firm’s collapse has led to around 580,000 families fearing higher bills this winter and is the biggest failure of a household supplier so far amid the UK’s gas crisis. Also [...]
UK paid £2,380 per fatality for 289 civilian deaths in Afghanistan’s Helmand province September 24, 2021 The deaths of 289 civilians in Afghanistan were compensated by the UK government. This included at least 16 children, according to analysis of official figures. The study of internal Ministry of Defence documents shows overall, £688,000 was paid out by the British military for the deaths, an average of £2,380 per fatality. Some £397,000 was [...]