BNPL firm Zilch bags $50m as boss predicts looming crisis for ‘checkout button’ rivals June 30, 2022 The boss of buy-now pay-later firm Zilch criticised the business model of ‘checkout button’ rivals today and said they would be rocked by an economic slowdown this year, as the London fintech revealed a $50m funding injection to fuel its expansion.
Which? calls for travel rule overhaul to hold airlines accountable when breaking consumer law June 30, 2022 Consumer champion Which? has called for a significant overhaul of travel rules to hold airlines accountable when they flaunt consumers’ laws. The call comes at a delicate time for the aviation industry, as airlines and airports have been plagued by a raft of cancellations and delays caused by labour shortages and surging passenger demand . [...]
NI Protocol: Top Brussels official says EU wants to ‘get Brexit done’ June 29, 2022 Brussels’ top Brexit negotiator has said the EU wants to “get Brexit done”, while hitting out at the UK’s position on the Northern Ireland Protocol. European Commission Vice President Maros Sefcovic told a Bloomberg event in London that the “EU’s door remains open”, but that negotiations on the post-Brexit agreement are made more difficult “when [...]
Unilever sells Israeli Ben & Jerry’s business to soothe diplomatic row June 29, 2022 Unilever has sold off its Ben & Jerry's business in Israel in a bid to smooth over a diplomatic row that erupted over its move to halt sales in occupied Palestinian territories.
UK should ban facial recognition technology until clear legal framework is set, new report says June 29, 2022 The UK should ban all use of facial recognition technology until a clear legal framework has been developed to regulate it, an independent report has said. A new report from the Ada Lovelace Institute has said there is an “urgent” need for a new framework governing “biometric” technologies – including facial recognition technologies – before [...]
Travel disruption looms over as Avanti West Coast workers vote to strike June 29, 2022 Travel disruption continues to loom over the UK as hundreds of members of the TSSA union working for Avanti West Coast have voted in favour of walking out. The union announced today the results of the ballot– which was called on 10 June over pay, conditions and job security as the cost-of-living crisis continues to [...]
Impacts of Covid and Brexit hard to uncouple, MPC appointee Dr Swati Dhingra June 29, 2022 Dr. Swati Dhingra said that the impacts of Covid and the impacts of Brexit are still difficult to differentiate. In an oral evidence session following her appointment to the Monetary Policy Committee, Dr. Dhingra said “We’re still struggling with how to distinguish between the impacts of Covid and Brexit,” with the EU exit date coinciding [...]
Top West Midlands police boss questions mayor’s role with Metropolitan Police June 29, 2022 One of West Midlands’ top police bosses has questioned whether the mayor of London should retain control over the Metropolitan Police, after the force was put into special measures. It comes as Sadiq Khan and the government reignited a long-running row today, with both sides pointing the finger at each other for Scotland Yard’s failures, [...]
Russia’s second-richest man and Putin’s cousin are latest targets for UK sanctions June 29, 2022 Russia’s second richest man and president Vladimir Putin’s first cousin once removed are he latest targets of British sanctions against the Kremlin. Owner of major conglomerate Interros, Vladimir Potanin, has been targeted by the UK government because he “continues to amass wealth” that supports Russia’s war against Ukraine. Potanin, who acquired Rosbank and shares in [...]
FCA throws weight behind ESG regulation June 29, 2022 The UK’s top financial watchdog has thrown its weight behind the regulation of environmental, social and governance (ESG) ratings today, saying there is a “clear rationale” to bring them within its remit.