Countries must work together more to meet climate goals, warns IEA September 20, 2022 Global net zero carbon targets could be delayed by decades without more collaboration between countries, warned the IEA.
FCA: Crypto exchange FTX may be operating in UK without authorisation September 19, 2022 Britain’s Financial Conduct Authority said on Friday cryptocurrency exchange FTX may be offering financial services or products in the UK without its authorisation. FTX is one of the world’s largest crypto exchanges, raising its profile this year by acting as crypto’s white knight, throwing lifelines to digital asset platforms which have faltered as cryptocurrency prices [...]
Macquarie eyes £1bn bid for owner of Felixstowe and Teesport ports September 19, 2022 Aussie investment giant Macquarie is considering a £1bn bid for PD Ports, owner of Felixstowe and Teesport ports. PD Ports’ owner, private equity firm Brookfield, shut down an auction of the company last year while a legal row with the owner of land near Teesport raged on. According to The Times, should Macquarie submit a [...]
Going strong: EV truck maker Tevva expands into EU September 19, 2022 Electric and hydrogen truck maker Tevva has expanded operations beside the UK borders, announcing on Monday its strategy for mainland Europe. It also unveiled its newest 19tn model. The Essex-based “scale up” will start exporting its electric HGVs – which unlike competitors also have a reserve of hydrogen to boost range extension – to main [...]
Northern joins Avanti and TransPennine and reduces services September 19, 2022 State-owned rail operator Northern has followed the likes of Avanti West Coast and TransPennine and reduced services, after it admitted it was struggling to operate a full schedule. The rail operator runs services in Northern England, connecting major cities such as Liverpool and Manchester. It has been under the Department for Transport’s ownership since 1 [...]
Liz Truss to jet off to New York for her first UN General Assembly September 19, 2022 Liz Truss will tonight fly to New York to attend her first United Nations General Assembly session as Prime Minister, just hours after attending the Queen’s committal service at Windsor Castle. Truss will hold a series of bilateral meetings with other world leaders at the diplomatic gathering, including with US President Joe Biden on Wednesday. [...]
Federal Reserve and Bank of England set to tighten policy once again this week September 19, 2022 The US Federal Reserve and the Bank of England this week are set to hike interest rates steeply again in a bid to chase down scorching inflation, investors are betting. The two central banks are expected to look through recession fears and continue their fight against historic price rises. Despite inflation dropping to 8.3 per [...]
TSB not for sale, chief of Spanish owner insists September 19, 2022 The chief of Spanish bank Banco Sabadell has dismissed speculation the firm is mulling ditching UK lender TSB. Cesar Gonzalez-Bueno, chief executive of Banco Sabadell, told reporters at an event today “there is no intention to sell” TSB. The push back comes after Edi Truell, a veteran City investor, is reportedly considering setting up an [...]
Senior Australian broadcasters mistake Liz Truss for a ‘minor royal’ September 19, 2022 A pair of senior Australian broadcasters today mistook Liz Truss as a “minor royal” at the Queen’s funeral instead of the UK’s Prime Minister in an embarrassing gaffe. Peter Overton and Tracy Grimshaw, appearing on Channel 9’s broadcast of the state funeral, were unable to identify Truss as she walked into Westminster Abbey with her [...]
Queen’s historic state funeral: The world says goodbye to Elizabeth II September 19, 2022 The Queen was consulted on today’s order of service over many years. It was prepared by the dean of Westminster in conjunction with Lambeth Palace. The Queen’s funeral has drawn to a close with a lament played by The Sovereign’s piper and her coffin has been carried from Westminster Abbey to be placed on the State Gun Carriage. [...]