S4 Capital reveals fresh US acquisition despite reports that Sorrell has expanded too much too quickly May 17, 2022 Following a scathing Sunday Times investigation which implied it has grown too much too quickly, ad and marketing giant S4 Capital announced it would be combining MediaMonks and LA-based firm TheoremOne in a push for its tech services.
Hope and excitement in Kyiv as Ukrainian troops reach Russian border: Retreat is embarrassment for Putin May 16, 2022 Ukraine is hit by a wave of hope and excitement this morning as its troops have reached the border with Russia. Troops defending the city of Kharkov claim to have pushed back Russian troops to the Ukraine-Russia border. Ukrainian authorities released a video in which a military unit poses in front of a boundary marker. [...]
Kwasi Kwarteng: ‘Entirely reasonable’ for Prime Minister to be distracted by cheese while working from home May 15, 2022 The business secretary has defended Boris Johnson’s remarks that he is distracted by making coffee and “hacking off” cheese when working from home. In an interview with the Daily Mail, the Prime Minister said his experience of remote working involved a lot of time making coffee, walking to the fridge and “forgetting” the task at [...]
‘Friday 13th horror show’: Musk’s announcement that his Twitter buyout is on hold sends stock plummeting by 20 per cent May 13, 2022 Elon Musk’s decision to put his $44bn takeover of Twitter on hold has sent the social media giant’s stock plummeting by almost 20 per cent. The billionaire Tesla owner took to Twitter this morning announcing the deal was off, citing concerns over the amount of fake users. He wrote: “Twitter deal temporarily on hold pending [...]
Anger after partygate champagne donated by Tory chair and signed by PM is auctioned for charity May 13, 2022 The Conservative Party chair has come in for criticism after donating a bottle of ‘partygate’ champagne signed by prime minister Boris Johnson to a charity auction. . TV food critic and journalist Jay Rayner flagged it up on Twitter, sharing an image of the item and saying the party didn’t take partygate claims “seriously”. This [...]
Elon Musk says $44bn mega takeover of Twitter is ‘on hold’ May 13, 2022 Elon Musk wrote on Twitter that the mega takeover of Twitter is on hold. Twitter recently accepted a $44bn bid from Musk to acquire the social media company. The billionaire posted a link to a Reuters article which outlined a Twitter filing stating fake and spam accounts made up less than five per cent of [...]
Trump sells flagship Washington hotel for $100m profit May 13, 2022 Former president Donald Trump has made a cool profit on the sale of his flagship Washington Hotel, totalling a cool $100m. The tycoon sold up the lease on Trump International Hotel for $375m it was reported this week, which is a record price for the US capital. According to the Times, the sale gave his [...]
90,000 jobs at risk: Whitehall bloodbath looms as Boris Johnson orders ministers to sack a fifth of all civil servants May 13, 2022 Tens of thousands of Brits in Whitehall and elsewhere may lose their job as Boris Johnson has tasked ministers with cutting around 90,000 civil service positions. The Prime Minister told his Cabinet yesterday afternoon that the service should be cut by a fifth. Johnson made the demand during an away day with ministers in Stoke-on-Trent [...]
Khannabis high: Mayor praised for starting ‘national conversation’ about cannabis May 12, 2022 There aren’t many things that London mayor and the Adam Smith Institute see eye to eye on, but the legalisation of cannabis may just be one of them. Following his trip to a Los Angeles cannabis farm, Sadiq Khan announced that he would be setting up the London Drugs Commission, which looks at decriminalising the [...]
Priti Patel lashes out at Sadiq Khan for looking into legalising cannabis: ‘Better focus on crime in London’ May 12, 2022 Home Secretary Priti Patel this morning hit back at London mayor Sadiq Khan’s plan to consider whether cannabis should be decriminalised in the UK, saying he has “no powers to legalise drugs”. Patel said Mr Khan’s time would “be better spent” focusing on tackling crime in the capital after he announced he was launching a [...]