Javid calls on cabinet ministers to quit as Gove tells PM it’s time to go July 6, 2022 Sajid Javid has called on other cabinet ministers to leave Boris Johnson’s government and housing secretary Michael Gove has told the PM that it’s time to quit as his government collapses around him. In a blistering Commons speech, Javid said “treading the tight rope between loyalty and integrity has become impossible in recent months” and [...]
Union members at LNER, C2C and Northern vote in favour of industrial action July 6, 2022 Hundreds of railway workers are set to join the wave of industrial action that is bringing the country to a standstill as members of the union TSSA have voted in favour of industrial action. According to the union, which announced the ballot’s result today, 69.2 of LNER workers balloted voted in favour of walking out [...]
Gas prices ease as Norway’s government steps in to stop strikes from offshore workers July 6, 2022 Gas prices have dropped across Europe after the Norwegian government stepped in to end strike action from offshore workers.
PMI: House building shrinks for first time since beginning of pandemic July 6, 2022 A slowdown in the UK economy triggered by the cost of living crisis has led to house building stalling, a closely watched survey published today reveals. Activity in the UK house building sector dropped for the first time since May 2020, when the country was in the teeth of the most onerous pandemic restrictions, according [...]
Manufacturers call for UK to make speed limiters compulsory following EU regulation July 6, 2022 UK car makers have called on the government to follow in the EU’s footsteps and make speed limiters a mandatory feature for all new cars, as the UK has yet to decide whether to adopt the legislation. The Society of Motor Manufacturers and Traders (SMM) argued it would only make sense for Westminster to adopt [...]
Pound still at lowest level since start of pandemic amid government chaos July 6, 2022 The British pound is at its lowest level since the start of the Covid pandemic in March 2020 as the UK government faces a political crisis. The pound has slid 0.6% today to $1.1883 as a wave of ministers resigned from Boris Johnson’s government. Sterling initially dropped more than a cent to below $1.20 for [...]
Crypto market risk profile similar to oil prices and technology stocks, Coinbase says July 6, 2022 Crypto risk profiles are like those in oil prices and tech stocks, according to crypto exchange Coinbase. “The market expects crypto assets to become more and more intertwined with the rest of the financial system, and thus to be exposed to the same macro-economic forces that move the world economy,” Coinbase Institute Chief Economist Cesare [...]
UK competition watchdog digs into Microsoft’s £58bn mega deal with Activision Blizzard July 6, 2022 Microsoft is under the spotlight of UK’s competition watchdog after snapping up “Call of Duty” maker Activision Blizzard for $68.7bn (£57.8bn) earlier this year in the biggest deal in gaming history. The Competition and Markets Authority (CMA) said it had until 1 September to make a call on whether the deal would reduce competition in [...]
Ben & Jerry’s sues parent firm Unilever over sale of Israeli business to ‘protect social integrity’ July 6, 2022 Ice cream maker Ben & Jerry’s is suing parent firm Unilever in a bid to thwart the sale of its business in Israel to a local licensee, arguing the “social integrity” of the brand is at risk. Unilever announced last week it had sold its interest in Ben & Jerry’s to Isreali licence-holder Avi Zinger, [...]
Saudi diplomat should not be shielded from ‘modern slavery’ lawsuit, UK’s Supreme Court says July 6, 2022 A Saudi diplomat should not be shielded from a ‘modern slavery’ lawsuit – brought against him by one of his former domestic workers – because of diplomatic immunity, the UK’s highest court has said. Saudi Arabian diplomat Khalid Basfar should be forced to face an employment tribunal over claims he kept Filipino national Josephine Wong [...]