After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Russian Army is ‘chewing through ground’ in Donbas as Kremlin makes ‘palpable progress’ in Ukraine this week May 28, 2022 Vladimir Putin’s Russian Army is making “palpable progress” in the Donbas region after abandoning the attempt to encircle Kyiv, Boris Johnson said this morning. Johnson argued, in an interview with Bloomberg, that more offensive weapons including long-range multiple-launch rocket systems (MLRSs) are needed. He stressed the “vital” need to provide Ukraine with fresh military support [...]
Shell: ‘We understand worry for millions – but windfall tax creates uncertainty’ May 27, 2022 Shell has slammed the government’s windfall tax. It said while it “understands the worry for millions” about the cost of living crisis, the new tax creates “uncertainty” about investment in the UK energy sector. This follows Chancellor Rishi Sunak announcing a so-called Energy Profits Levy, a 25 per cent surcharge on North Sea oil and [...]
Partygate: MP quits top role over Sue Gray report citing ‘toxic culture’ creating ‘deep mistrust’ May 27, 2022 An MP has resigned from his role in the government over the partygate, citing the “toxic culture” in Downing Street which has created a “deep mistrust” of Boris Johnson’s administration. Paul Holmes, who represents Eastleigh, announced in a statement on Friday he had quit his role as Parliamentary Private Secretary at the Home Office. The [...]
Post-Brexit and pandemic inquiry launched into labour market recovery as shortages ‘act as brake on prosperity’ May 27, 2022 A post-pandemic and Brexit recovery inquiry has been launched into the UK labour market as skills and worker shortages appear to have strained the recovery post-pandemic and Brexit. The Business, Energy and Industrial Strategy (BEIS) committee initiated the probe on Friday in wake of recently published figures by the Office for National Statistics, showing more [...]
Sunak: If you’re rich like me, give windfall tax of £400 to charity May 27, 2022 Rishi Sunak has said people should follow his lead and give the government’s £400 energy bill assistance to charity. The chancellor of the exchequer made his comments this morning after it was announced everyone will get a grant as part of a £21bn living support package. This comes after pressure on the government to impose [...]
Sunak denies using £21bn support package to deflect from No 10 lockdown parties May 27, 2022 Chancellor Rishi Sunak has rejected the notion that the timing of handing out £21bn worth of cost-of-living support to deflect from the controversy over Downing Street lockdown parties. The Chancellor bowed to demands for the UK Government to step in and help households to deal with ballooning energy bills and rising shop prices, which are [...]
Angry cleaners to stage protest outside Downing Street over partygate treatment May 27, 2022 Hundreds of people are expected to descend on Downing Street this morning as a protest is planned amid growing anger over revelations in the ‘partygate’ report over the way cleaners and security staff were treated. Sue Gray said in her report that she learned of multiple examples of “unacceptable” treatment of security and cleaning staff [...]
UK signs first US state-level trade deal with Indiana May 27, 2022 The UK will today sign its first US state-level trade deal, with an agreement to be inked with Indiana. The “trade and economic development Memorandum of Understanding” with Indiana aims to cut red tape for British firms wanting to trade, or operate, with the Midwest state. The deal will not lower tariffs or quotas on [...]
Sunak’s care package prevents severe UK living standards shock May 26, 2022 Chancellor Rishi Sunak’s energy shock care package will prevent a severe erosion of living standards among the UK’s poorest households. That’s according to top wonks’ assessments of today’s round of measures designed to cushion the hit to households from soaring inflation and energy bills. Paul Johnson, director of the Institute for Fiscal Studies (IFS), said: [...]
UK to review Altice’s 18 per cent stake in BT on national security grounds May 26, 2022 The government will launch a national security review into Altice’s 18 per cent stake in BT, business secretary Kwasi Kwarteng announced today. Kwarteng has used new powers as a part of the National Security Act to examine the French telecommunications group’s stake in BT amid speculation that Altice’s chair Patrick Dahi wants to make a [...]