Brexit: UK launches ‘formal dispute’ against EU over Horizon delay August 16, 2022 London has launched a formal dispute against the EU for its decision to block the UK from its €95bn science programme post-Brexit. Foreign secretary Liz Truss tonight announced the UK government had begun “formal consultations” over the long-running row and has written to the EU to “launch dispute resolution proceedings”. This is the first time [...]
Sunak vows to take on SNP leader Nicola Sturgeon and win August 16, 2022 Former Chancellor and Tory leadership contender Rishi Sunak has pledged to fight the SNP and challenge its record governing Scotland.
European Commission targets raw material ramp-up to meet green future August 16, 2022 The European Commission is hoping to boost production of homegrown raw materials needed for green energy to reduce its reliance on Russia.
Crypto scammers make off with $1.9bn after surge in DeFi theft August 16, 2022 Crypto hackers made off with $1.9bn in the first seven months of the year after a surge in funds stolen from decentralised finance (DeFi) protocols, according a top crypto analysis firm.
Twitter forced to give former exec’s documents as Musk legal battle continues August 16, 2022 Twitter has been ordered to hand over files to Elon Musk from its former consumer product head as the legal battle over his $44bn (£36bn) takeover looms.
Easing China economy slowdown fears sends miners to top of London’s FTSE 100 August 16, 2022 Easing fears over a slowdown in the Chinese economy boosted London’s premier FTSE 100 index today. The FTSE 100 jumped 0.36 per cent to 7,536.06 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.23 per cent to 20,336.41 points. Figures published earlier this [...]
Exclusive: Energy price cap is only hurting customers, says Utilita boss August 16, 2022 The price cap is a symbol of regulatory failings across the energy sector, argued Utilita Energy (Utilita) boss Bill Bullen.
MPs call for inquiry into FCA’s handling of Blackmore Bonds scandal August 16, 2022 The UK’s financial watchdog has been accused of failing to intervene in a risky property investment scheme that lost investors millions. MPs have called for inquiry into the UK’s Financial Conduct Authority (FCA) over its handling of the Blackmore Bonds scandal, that saw thousands of ordinary investors lose combined sums of £46m. The MPs’ call [...]
UK’s largest gas storage site could be reopened within weeks to ease winter crisis August 16, 2022 Centrica could pump natural gas into the UK's largest storage facility in a matter of weeks after it was cleared to reopen by inspectors.
Over half of money managers bet on global recession this year August 16, 2022 Over half of investors are fretting over the global economy tumbling into recession this year, new figures released today show. Some 58 per cent of money managers think global output will shift into reverse, up from a minority of 47 per cent, according to Bank of America’s latest global fund managers’ survey. The latest reading [...]