Bank of England prepared for ‘aggressive’ action to tackle inflation, says top economist June 17, 2022 The Bank of England's chief economist said policymakers are ready to take “aggressive action” if there is further evidence that soaring inflation is becoming embedded in pricing by firms.
SpaceX fires employees over letter criticising CEO Musk June 17, 2022 SpaceX fired employees for their part in writing and circulating a letter that criticised CEO Elon Musk, the New York Times reported on Thursday. The rocket manufacturing company reportedly dismissed multiple workers who were involved in the letter, which blasted Musk’s public conduct and urged SpaceX to publicly condemn his Twitter behaviour. “Elon’s behaviour in [...]
Boris Johnson touches down in Kyiv for surprise meeting with Ukraine’s president Zelensky June 17, 2022 Prime Minister Boris Johnson touched down in Ukraine this afternoon meeting with President Vlodymyr Zelensky. The embattled Tory leader shared an image on social media which said: Mr President, Volodymyr, It is good to be in Kyiv again”, adding that “Great Britain’s support for Ukraine is firm and resolute.” This comes after leaders from Italy, [...]
Government ‘inciting’ strikes by not agreeing to TfL funding, says Sadiq Khan June 17, 2022 London mayor Sadiq Khan has accused the government of “inciting” next week’s strikes by failing to reach an agreement over Transport for London’s (TfL) long-term funding. 10,000 members of the RMT and Unite unions working for London Underground are set to strike on Tuesday, on the same day 40,000 railway workers will walk out in [...]
DWP: Decades old IT system errors over ‘successive governments’ meant millions paid wrong pensions June 17, 2022 IT system failings over “successive governments” led to millions of people getting the wrong pensions for decades. The department for work and pensions (DWP) is investigating how to rectify the situation to ensure ‘every pensioner receives the financial support to which they are entitled”. The discrepancy was revealed by the BBC this morning, which cited [...]
Musk, Tesla, and SpaceX sued by Dogecoin investor over alleged “pyramid scheme” June 17, 2022 Elon Musk, Tesla, and SpaceX were hit by a $258bn (£210.2bn) lawsuit on Thursday by a Dogecoin investor accusing them of engaging in a “Crypto Pyramid Scheme (aka Ponzi scheme)” relating to the cryptocurrency. The complaint, filed in a Manhattan court, alleged that the world’s richest man and the two companies he runs, electric vehicle [...]
Klarna looks to raise cash at slashed valuation of $15bn June 17, 2022 Buy-now pay-later giant Klarna is looking to raise fresh cash at a slashed valuation of $15bn, according to news reports.
Diversity goals: Improving trust encouraged 80 per cent of employees to share data voluntarily, PwC partner says June 17, 2022 There is an increasing amount of trust when it comes to handing over personal data voluntarily, with a partner at PricewaterhouseCoopers (PwC) saying it has shot up from 15 per cent in 2018 to 80 per cent this year. The comments came during an event hosted by Datasite featuring an expert panel discussion about improving [...]
Railway industry calls on Shapps and Khan to agree on long-term TfL funding June 17, 2022 The railway industry has called on transport secretary Grant Shapps and London mayor Sadiq Khan to put politics aside and agree on a long-term funding for Transport for London (TfL) just as the latest round of government bailout expires next Friday. Trade body the Railway Industry Association (RIA) has written an open letter arguing that [...]
Boy George blasts BA for letting Victoria Beckham off plane first June 17, 2022 Boy George has lambasted British Airways for letting Victoria Beckham off a plane first, forcing himself and other first class passengers to wait. “Nice touch for British Airways to leave everyone in first class waiting for steps while Victoria Beckham’s car picks her up at the aircraft. Proper going to avoid flying BA for a [...]