UK risks losing American investment unless post-Brexit trade disruption is fixed July 18, 2022 The UK risks forgoing a wave of US investment unless it irons out its post-Brexit trading relationship with the European Union (EU), a new report published today warned. The UK-US economic corridor remains strong, but would be strengthened by London cooling tensions with Brussels, according to a report by consultancy Bain and Company and BritishAmerican [...]
Worldwide excitement as stunned space researchers discover black hole outside our galaxy July 18, 2022 A stellar-mass black hole has been observed in a neighbouring galaxy by a team of international scientists. The newly found black hole is at least nine times the mass of the Sun, and orbits a hot, blue star weighing 25 times the Sun’s mass. The dormant black hole sits outside the Milky Way. The star [...]
UK computer chip firm files lawsuit against rival firm amid £4bn takeover July 18, 2022 One of the UK’s largest computer chip manufacturers has filed a US lawsuit against an Israeli rival semiconductor company which is currently undergoing a billion-dollar takeover. London-listed IQE has accused Tower Semiconductor of “unlawfully” getting hold of IQE’s patents for its silicon technology, which is used in 5G tech. Patrick Wheeler, committee member of the [...]
Ukraine’s President Zelensky slams Canada’s decision to send wind turbine for Russian pipeline July 18, 2022 Ukraine's President Voldomyr Zelensky has criticised Canada's decision to deliver a wind turbine to Gazprom for the Nord Stream 1 pipeline.
Unpaid crypto tax surged by 432 per cent from last year, HMRC says July 18, 2022 The amount of unpaid tax that rich crypto investors owed on their investments soared by 432 per cent from last year, according to HMRC. Data by law firm Pinsent Masons today said that HMRC identified £2.28m in suspected underpaid tax concerning crypto assets in 2021-2022, a substantial increase from £428,000 the previous year. Steven Porter, [...]
Chaos in south-west London as multiple streets are flooded while 70 firefighters rush to Kingston July 18, 2022 Several streets in south-west London have flooded following a burst water main. Around 70 firefighters and 10 fire engines responded to the scene on Galsworthy Road in Kingston upon Thames on Monday morning, alongside the police. Footage shared on social media shows flooding on several roads which have been closed nearby. Thames Water has said [...]
Win for Facebook: Judge orders UK competition watchdog to revisit Meta Giphy sale July 18, 2022 Judges have called on the UK competition watchdog to revisit its ruling on the Competition and Markets Authority's (CMA) ruling that Meta should sell Giphy.
Rishi Sunak: The mega-rich golden Tory boy whose crown is slipping after meteoric rise under Boris Johnson July 18, 2022 At the start of the pandemic, Rishi Sunak was the most popular politician in Britain as the former hedge fund manager rolled out an unprecedented furlough scheme which saved millions of jobs as the economy ground to a halt. Once the golden boy of the Tory Party, Sunak enjoyed a meteoric rise under Boris Johnson [...]
Millennials lag behind: Young entrepreneurs made just £500m out of £28bn while selling their firms July 18, 2022 More than £28bn was made by individuals selling their businesses in the past year, but just £550m was from those under 34. Those under 25 cashed in with only £27m in gains, representing under one per cent of the total, according private wealth law firm Boodle Hatfield. The next bracket up, those aged 25-34 were [...]
Binance hit with £2.8m fine by Dutch bank for not following registration requirements July 18, 2022 Binance was fined €3.3m (£2.8m) by the Dutch Central Bank for offering crypto services in the Netherlands without following registration requirements, according to an official release today. De Nederlandsche Bank (DNB) requires virtual asset service providers like Binance to register with it under the Money Laundering and Terrorist Financing (Prevention) Act. DNB had earlier issued [...]