Airbus and Boeing call on Biden to delay 5G roll out December 21, 2021 Airbus and Boeing executives have called on the Biden administration to delay the roll-out of 5G services, citing safety concerns for the aviation industry. In a letter to the White House, Boeing’s boss Dave Calhoun alongside Airbus Americas’ chief executive Jeffrey Knittel said “5G interference could adversely affect the ability of aircraft to safely operate,” [...]
Ofgem contacts Scottish Power after debt team raids wrong address December 21, 2021 Ofgem has contacted Scottish Power after debt enforcers sent by the energy supplier broke into a woman's flat to seek payments she did not owe.
Former BT chief Du Plessis selected to take over as audit watchdog chair December 21, 2021 Jan du Plessis, the former Chairman of BT as well as a host of FTSE 100 companies, has been selected as chair of the UK's audit watchdog.
Omicron delivers ‘chilling’ blow to UK retail sales December 21, 2021 UK retail sales have slowed to a crawl driven by the emergence of Omicron chilling consumer confidence, according to new research published today. Retail sales growth slowed over the last year, rising eight per cent annually in December, down sharply from 39 per cent in November, according to the Confederation of British Industry (CBI). Brits [...]
Sunak to let small and medium sized firms claim back Covid sick pay December 21, 2021 Small and medium-sized businesses will be allowed to claim back money from the government to cover Covid related statutory sick pay.
China eyes victory in takeover bid for London listed Banacora December 21, 2021 China's takeover of a British lithium miner is reportedly on the brink of success after a key shareholder indicated support for the deal.
European power prices reach all-time highs amid soaring wholesale gas costs December 21, 2021 European power prices have reached all-time highs of €180 per megawatt-hour(MWh), according to Morningstar’s Utilities Observer report.
UK government launches £1bn Omicron rescue package for pubs, bars and restaurants December 21, 2021 Chancellor Rishi Sunak has launched a fresh £1bn rescue package to help sectors worst hit by the Omicron-induced economic storm survive. Pubs, bars and restaurants across England can now receive a one-off no strings attached payment of £6,000 per venue, the UK government announced today. Sunak said: “We recognise that the spread of the Omicron [...]
Nostrum Oil & Gas shares slide amid plans to reduce stake of its shareholders December 21, 2021 Shares in Nostrum Oil & Gas tanked 38 per cent on the London Stock Exchange after it suggested reducing the influence of its stakeholders.
Money in COVID Times: A perfect storm forming for central banks? December 21, 2021 | City Talk The COVID-19 crisis is but the latest episode in a drama docuseries on economics depicting a world in which unorthodox monetary policy is becoming the norm rather than the exception. How have central banks become the de facto lender and market maker of last resort in a financial market ecosystem in which market-based finance has [...]