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 [...]
‘It would be quite a big mistake’ to scrap ethics adviser role after Lord Geidt quit, PM’s ex anti-corruption chief says June 17, 2022 The Prime Minister’s former anti-corruption chief has warned against scrapping the role of ethics adviser following the shock resignation of Lord Geidt. John Penrose made his comments after Downing Street hinted yesterday that the government could get rid o the position altogether, launching a review. Speaking to the BBC, Penrose, who left the job earlier [...]
Lord Geidt resignation: Ethics adviser quit after being asked for advice on steel tariffs June 16, 2022 The Prime Minister’s ethics adviser resigned after being asked to approve tariffs on steel which the government itself acknowledges would break part of a World Trade Organisation treaty. Lord Geidt resigned last night, and in his letter to the Prime Minister said he was “tasked to offer a view about the Government’s intention to consider [...]
Activision Blizzard board denies claims execs turned blind eye to gender harassment June 16, 2022 Activision Blizzard board members have pushed back against claims that execs ignored or downplayed gender harassment at the firm.
Government to make statement today on resignation of ethics adviser Lord Geidt, says deputy PM Raab June 16, 2022 The government will make a statement later today about the sudden resignation of ethics adviser Lord Geidt, following reports he was about to extend his role for another six months. Deputy prime minister Dominic Raab told BBC Breakfast he is expecting a “further update” from the government, but declined to confirm if Boris Johnson himself [...]
Mark Kleinman’s exclusive column: Downing Street business adviser pondering exit? June 15, 2022 Raging inflation, labour shortages, a weakening currency, supply chain chaos and – in the eyes of many colleagues and opponents alike – a lame duck prime minister: if you thought that being a CEO in such a climate was tough, spare a thought for his own business liaison chief. Alex Hickman, a co-founder of the [...]
Dominic Raab intervened to increase legal watchdog’s fining powers June 15, 2022 Justice secretary Dominic Raab personally intervened to push forward plans to increase the solicitor’s watchdog’s fining powers, after MPs called for a toughening up of the regulator, to deter law firms from working for oligarchs. The Deputy Prime Minister “sought the views” of the Law Society, Solicitors Regulation Authority (SRA), and Legal Services Board, whilst [...]
Law firms join forces to press claims on Woodford fund collapse June 15, 2022 Two of the law firms pressing claims over the alleged mismanagement of the now collapsed Woodford Equity Income Fund are looking to join forces in a bid to win redress for investors.
Clinton-backed initiative promises to fix VC funding gaps for underrepresented tech founders June 14, 2022 A new global initiative to increase funding for underrepresented founders backed by Hillary Clinton and Cherie Blair has been announced this morning.
Exclusive: Sadiq Khan calls it a ‘national disgrace’ almost 10,000 tower blocks still have unsafe cladding like Grenfell June 10, 2022 Sadiq Khan has branded it a “national disgrace” that almost 10,000 tower blocks still have unsafe cladding, as the country prepares to mark five years since the Grenfell disaster. The London Mayor made his comments after data from the department for Levelling Up laid bare that hundreds of thousands are still at risk from living [...]