EU decides on ground-breaking regulation for crypto assets July 1, 2022 The European Union agreed on landmark regulation for cryptocurrencies in what could be the world’s first regulatory framework for crypto. EU lawmakers, member states, and the European Commission reached a historic deal on crypto rules Thursday that will apply to crypto-assets, crypto-assets issuers and crypto-asset service providers. The pioneering law, known as Markets in Crypto-Assets, [...]
UK food prices now over seven per cent higher than 2021 with perishable goods leading the way July 1, 2022 Food and consumer goods prices across Europe are now 6.9 per cent higher than they were a year ago, rising to 7.5 per cent in the UK. According to new data released by NielsenIQ today, more than eight FMCG categories out of 10 showed increasing inflation rates during the 12 week period ending April 24 [...]
No 10 moves towards VAT cuts for millions of Brits as cost of living crisis rages July 1, 2022 Downing Street is proposing to reduce value-added tax in an effort to ease the cost of living. The Prime Minister’s chief of staff Steve Barclay suggested reducing the 20% headline rate of tax temporarily, The Times reported on Thursday. He said the temporary cut would bring down the tax bill for millions across the UK [...]
UK government provided £7.4bn for global exports last year and supported 72,000 jobs July 1, 2022 The UK government provided £7.4bn for global exports last year and supported 72,000 jobs in the country. The financial aid from UK Export Finance helped businesses nationwide for exports to 61 countries and added £4.3bn gross value to the economy, The £7.4bn is the highest level for 14 years, with the total support over five [...]
‘A win for all parties’: BT and Amazon to share Champions League rights under new £1.5bn deal July 1, 2022 Amazon will split the rights to the Champions League with BT for the 2024-27 cycle, a period which marks the start of a new format for UEFA’s men’s European club competitions. It means Amazon has secured live UK rights to the Champions League for the first time, spelling danger for broadcasters who have already felt [...]
Head of London Stock Exchange’s data transformation quits after just a year in charge July 1, 2022 The London Stock Exchange’s head of data and analytics transformation has stepped down after just a year in charge. Andrea Remyn Stone quit her post as head of data and analytics citing personal reasons with the LSE’s CEO filling the role until it is permanently filled. The move comes after the London Stock Exchange bought [...]
S4 Capital snaps up another agency despite claims it has expanded too quickly July 1, 2022 S4 has announced yet another merger this morning between XX Artists and Media.Monks, which significantly expands the capabilities of its Content practice. The combination augments its Social Media Marketing capabilities and expands its client base. Headquartered in Los Angeles with a majority-female, majority-diverse team of 125 globally, XX Artists helps clients such as Google, YouTube, Logitech, and Ancestry.com [...]
Sigh of relief at ammunition giant Chemring as SFO closes four-year probe without prosecution July 1, 2022 A four-year probe into alleged bribery, corruption and money laundering at grenade and ammunition manufacturer Chemring and one of its subsidiaries by the Serious Fraud Office has been closed without prosecution. The Serious Fraud Office (SFO) opened its investigation into the activities of Chemring, its subsidiary Chemring Technology Solutions and associated persons in 2018 after [...]
Zero sympathy: Jacob Rees-Mogg slams ‘selfish’ and ‘unnecessary’ strikes July 1, 2022 Brexit Minister Jacob Rees-Mogg has hit out at “selfish” strikers, claiming that they are hampering productivity in the Civil Service. The Minister for Brexit Opportunities and Government Efficiency was about the numbers of people in the Civil Service who have returned to the office. “Well, they were getting better until the railways went on strike,” [...]
FCA temporarily suspends oil and gas firm Pennpetro after it misses deadline for annual results July 1, 2022 Britain’s financial watchdog has temporarily suspended a Texas-based oil and gas firm’s securities after a delay in publishing annual results. The Financial Conduct Authority (FCA) took action against the London-listed Pennpetro Energy this week at the request of the company. This comes after a delay in the firm’s publishing of its annual report for 2021, [...]