Boris Johnson backs Hong Kong protesters ‘every inch of the way’ July 3, 2019 Boris Johnson says he backs Hong Kong protesters “every inch of the way” as he urged China not to do away with the city state’s system of government. The frontrunner to be the UK’s next Prime Minister spoke out after the former British colony became gripped by mass protests against China’s increasing grip on the [...]
Deutsche Bank restructuring to cost ‘up to €5.6bn’ July 3, 2019 The cost of a radical shake-up at Deutsche Bank could reportedly total €5.6bn (£5bn), as the German lender presses ahead with a sweeping turnaround plan that is likely to hit its investment banking division. A vast overhaul of the business is likely to cost several billion euros, sources told Reuters and the FT, as it [...]
Netflix to open huge UK production hub at Shepperton Studios July 3, 2019 Netflix has signed a deal to set up a production hub in the iconic Shepperton Studios, marking a major expansion of the streaming giant’s UK presence. Netflix will take over 435,000 square feet of space in the Surrey studio complex, which boasts a rich history of productions including A Clockwork Orange, Gladiator and Gravity. Read [...]
Iran cannot be allowed to win this game of nuclear blackmail July 3, 2019 Nuclear proliferation is often cited by world leaders as one of the greatest threats to our planet’s continued survival. Short of a cataclysmic environmental disaster, it is difficult to conceptualise an event that could cause more damage to global prospects than the detonation of a nuclear device. Yet despite the general abhorrence, this has neither [...]
MEPs pick Italian as new European parliament president July 3, 2019 The European parliament named an Italian social democrat as its new president today to complete a raft of new appointments to fill the highest-ranking roles in the EU. Read more: Meet the neighbours: Christine Lagarde set to front new-look EU leadership David Sassoli, 63, beat three German, Spanish and Czech candidates to the role, which [...]
Creditors approve Monsoon Accessorize rescue plan July 3, 2019 Creditors have approved Monsoon Accessorize’s restructuring plan today which will see rents slashed at more than half of the fashion retailer’s leased stores. The store said its company voluntary arrangement (CVA) proposals had passed “with a majority significantly above the required threshold”. Read more: Creditors prepare to vote on Monsoon Accessorize rescue plan In total, [...]
Huawei blacklist remains in place, US government staff told July 3, 2019 A top US government official has reportedly told staff in the commerce department that Huawei should still be treated as blacklisted, despite an apparent easing in tensions. In a surprise move, US President Donald Trump last week rowed back on previous measures by saying US companies would be allowed to trade with the embattled Chinese [...]
Competition watchdog launches probe into tech giants over digital advertising dominance July 3, 2019 The competition watchdog has launched an inquiry into major tech firms amid fears about their dominance in the digital advertising market. The Competition and Markets Authority (CMA) today said it has launched a market study into online platforms such as Facebook and Google, which are funded almost entirely by digital advertising. Read more: Hammond calls [...]
Unite Group buys Liberty Living in £1.4bn student housing move July 3, 2019 Student housing giant Unite has agreed to snap up rival provider Liberty Living in a £1.4bn deal. Read more: Singapore buyer swoops up £180m student property portfolio The two companies confirmed today the cash-and-shares deal, which will create a firm which will control more than 70,000 beds across the UK. Liberty’s sole shareholder, the Canada [...]
Vodafone looks to woo business as it switches on 5G network July 3, 2019 Vodafone today switched on its 5G network in seven cities across the UK, rolling out a new range of plans in a bid to attract business customers. Vodafone is the second mobile provider to roll out the high-speed network in the UK, following EE’s launch at the end of May. Read more: Vodafone taps up [...]