Biden urges Congress to put petrol tax on hold as pump prices spike to record highs June 22, 2022 US President Joe Biden has called on Congress to pass a three-month suspension of the federal gasoline tax to help combat record pump prices.
Mike Ashley’s Frasers Group ups stake in German fashion brand Hugo Boss, again June 22, 2022 Mike Ashley’s Frasers Group confirmed this morning it has increased its stake in luxury German fashion brand Hugo Boss once again. Frasers said it now has 3.4 million shares – a 4.9 per cent stake – in Hugo Boss and holds buy options over another 26 per cent shareholding. The group said its investment in [...]
Twitter board ‘unanimously’ recommends Elon Musk takeover June 21, 2022 Twitter’s board has unanimously recommended shareholders approve Elon Musk’s $44bn takeover, despite a rocky few months of discussions. The news comes after Musk met with Twitter employees last week at the company all-hands, and reasserted his desire to snap up the firm. According to a regulatory filing to the US Securities and Exchange Commission on Tuesday, Twitter’s board [...]
Former staff sue Tesla over ‘mass layoffs’ June 21, 2022 Former employees at Tesla are suing the electric vehicle maker for carrying out what they say are “mass layoffs“, which they claim violated the law by not giving advance notice. In a lawsuit filed in Texas on Sunday, two former employees at the company’s Nevada factory allege Tesla violated the Worker Adjustment and Retraining Notification (WARN) Act [...]
Elon Musk’s child vows to change name to cut all ties with famous father June 21, 2022 Elon Musk's child has filed to sever all ties with the eccentric billionaire, stating she does not “wish to be related to my biological father in any way, shape or form”.
On airports to rail chaos, business just wants somebody to take responsibility June 21, 2022 Well, at least the weather’s looking alright. That’s about the best that can be said for the rest of the week, with rail strikes, flight cancellations and the strong possibility of further industrial action to come. Those who have been asked to work from home may well come back with a healthier tan next week. [...]
‘Carrie-gate’ swells as Downing Street admits it did speak to The Times before story about £100k job for Boris Johnson’s girlfriend was dropped June 20, 2022 In a dramatic new development, Downing Street reluctantly admitted this afternoon there were indeed talks between Number 10 and The Times before Rupert Murdoch-owned newspaper dropped a story that claimed Boris Johnson tried to appoint his now wife to a Government role when he was Foreign Secretary. According to the story in The Times on [...]
UK watchdog met with BNP Paribas’ HR team over handling of sexual discrimination complaint June 20, 2022 FRENCH Bank BNP Paribas came under active scrutiny from the UK’s financial watchdog over its alleged mishandling of complaints from one of its brokers that she was subject to years of sexual discrimination and bullying at the firm’s London offices. The UK’s Financial Conduct Authority (FCA) held a series of meeting with senior members of [...]
Mystery deepens around Times story that claimed Boris Johnson planned to make girlfriend Carrie £100k chief of staff June 20, 2022 Questions are growing about a story that appeared in The Times newspaper, claiming that Boris Johnson planned to hand his then-girlfriend Carrie a £100k a year role. The story, which ran on page 5 of an earlier edition of The Times late last week, disappeared in later editions. According to multiple reports, there were concerns [...]
Hackers delay Vladimir Putin’s opening speech at Russia’s version of Davos June 19, 2022 Hackers on Friday halted the start of Vladimir Putin’s opening speech to the St Petersburg conference dubbed ‘Russia’s version of Davos,’ as part of ongoing cyberwar between Russia and Ukraine. The Russian president’s opener was held up for more than an hour, after pro-Ukrainian hacktivists overloaded the St Petersburg International Economic Forum’s (SPIEF’s) servers with [...]