Tory donor did not take legal action against Sir Nicholas Soames because of ‘close proximity to Prince of Wales’ June 28, 2022 A businessman and Conservative Party donor who is suing one former Conservative MP for libel has told a High Court judge why he decided not to take legal action against another. Mohamed Amersi has accused Charlotte Leslie, former MP for Bristol North West, of publishing a “series of documents” to a number of “influential individuals” [...]
£31bn boost for Global Britain as UK exports to Commonwealth markets hit highest level in 15 years June 28, 2022 Exactly one month away from the Commonwealth Games in Birmingham, new analysis shows today that goods exports to the Commonwealth reached £31.6bn in the 12 months to April of this year, the largest respective period in over 15 years. It is larger than the amount of goods exported to other key nations like Germany (£30.1bn), [...]
‘Worrying rise’ in crypto scams claiming to be celebrity endorsed, Santander says June 28, 2022 Cryptocurrency scams falsely claiming to be endorsed by celebrities are surging, Santander warned. “We’re seeing a worrying rise in ‘celebrity-endorsed’ cryptocurrency scams, where familiar faces are being misused on social media in order to con people out of often life-changing sums of money,” said Chris Ainsley, the bank’s head of fraud risk management in the UK. He warned [...]
SEC Chair calls Bitcoin a commodity and likens other crypto assets to securities June 28, 2022 Securities and Exchange Commission Chair Gary Gensler called Bitcoin a commodity while likening other crypto assets to securities. “Many of these financial assets, crypto financial assets, have the key attributes of a security,” he said to CNBC’s Jim Cramer on Monday. “Some, like Bitcoin… my predecessors and others have said, they’re a commodity.” He said [...]
Airbnb make global ‘house party’ ban permanent June 28, 2022 Airbnb confirmed this morning that its party ban for hosts and guests would be a permanent fixture for holiday goers. The firm said that disruptive parties and events will continue to be banned, including open-invite gatherings, as well as “chronic party houses”: scuppering fun for many party animals across the country. The property rental platform [...]
Rees-Mogg says cutting taxes could reduce inflation in split with PM June 28, 2022 Jacob Rees-Mogg has said cutting taxes immediately may reduce inflation in comments that will put him in direct dispute with Boris Johnson and Rishi Sunak. The Brexit minister today said getting inflation under control “doesn’t necessarily mean tax increases – indeed it could mean tax cuts”. Johnson and Sunak have both said the UK cannot cut [...]
Lufthansa warns travel chaos ‘unlikely to improve’ in the coming weeks June 28, 2022 Lufthansa has warned the ongoing travel chaos is “unlikely to improve in the coming weeks,” as labour shortages and soaring levels of passenger demand rampage through Europe. “The ramp-up of complex air transport system from almost zero to now almost 90 per cent is clearly not proceeding with the reliability, the robustness and the punctuality [...]
Sunak: UK has ‘tools at our disposal’ to tackle 40-year high inflation June 28, 2022 The UK has “the tools at our disposal” to tackle the worst inflation spike in four decades, the chancellor urged today. Responding to a grilling by MPs in the house of commons, chancellor Rishi Sunak said Britain is “not immune” to the inflationary “shocks” that are sweeping through the world’s richest economies. Prices have climbed [...]
Boots’ owner ditches plans for £5bn sale of chemist as market conditions ‘beyond our control’ June 28, 2022 Boots’ US owner has confirmed it has given up on its ambitions to sell the UK chemist after a beleaguered sales process. Walgreens Boots Alliance (WBA) has opted to retain ownership of Boots, with the firm citing “unexpected and dramatic change” felt by the global financial markets in the past few months. A statement from [...]
EY agrees record $100m settlement with US regulator over ethics exam cheating scandal June 28, 2022 EY has reached $100m (£82m) settlement with the US Securities and Exchanges Commission (SEC) over claims the Big Four firm’s auditors cheated on accounting exams and later misled the watchdog’s investigators. The US financial watchdog said in a statement that EY had agreed to pay the highest penalty ever imposed on an audit firm by [...]