BT sets sights on Elon Musk’s SpaceX after Oneweb satellite deal July 14, 2021 BT is eyeing up a deal with Elon Musk’s SpaceX as the telecoms giant looks to adopt satellite technology to roll out the UK’s next-generation broadband network. The blue-chip group has already inked an agreement with British firm Oneweb to explore how satellites could be used to beam internet services to rural areas that are [...]
Biden infrastructure plan receives backing as Democrats support $3.5 trillion investment July 14, 2021 Leading Senate Democrats have provided Joe Biden’s new infrastructure plan with a big boost after they agreed on a $3.5 trillion investment plan that they aim to include in the budget resolution that is debated soon. Senate Majority Leader Chuck Schumer told reporters that “we have come to an agreement.” It came after two hours [...]
‘Wasteminster’: Greenpeace offloads mass of plastic outside Downing Street July 13, 2021 Activists from environmental charity Greenpeace have offloaded 625kg of plastic outside Downing Street today, while one activist donned a caricature mask of prime minister Boris Johnson. The amount of plastic is the same volume of plastic waste the UK exports every 30 seconds, according to the charity. “We hope this pile of plastic helps [...]
David Cameron earned more than $1m a year as Greensill lobbyist July 13, 2021 Collapsed finance group Greensill Capital paid the former Prime Minister a salary of more than $1m (£722,000) a year to lobby government ministers and officials on behalf of the firm. Cameron was contracted to work 25 days a year as an adviser to the board, meaning his daily take home earnings amounted to more than [...]
Billionaire blues: Tesla’s Elon Musk says he hates his job July 13, 2021 He is one of the richest people in the world and has a vast following on social media, but Tesla boss Elon Musk has revealed he does not like his job. Appearing in a US court the Tesla tycoon said: “I rather hate it and I would much prefer to spend my time on design [...]
Masks, mass events and more in the office: What Freedom Day means for you July 12, 2021 Millions of Londoners will enjoy a range of new liberties from 19 July, after Boris Johnson this evening announced the coronavirus restrictions that will be lifted as planned. Back in February when the PM outlined the government’s roadmap out of lockdown, he told MPs that step four would entail “all legal limits on social contact” [...]
Government’s vaccine bounce comes to an end as public opinion shifts July 12, 2021 New polling suggests the vaccine bounce in the polls has ended for prime minister Boris Johnson and his government, as Labour support slowly ticks up. Johnson’s net favourability score has fallen after he and his party experienced a boost in support in May polls, according to YouGov. The UK’s successful rollout of the Covid-19 vaccine [...]
Yellen: Global corporate tax reform unlikely until 2022 July 11, 2021 US Treasury secretary Janet Yellen has warned that recently-agreed reforms to corporate tax rules that will ensure major companies pay tax in more countries may not be ready until next year. Speaking after a G20 finance leaders meeting in Venice today, Yellen said the OECD’s re-allocation of taxing rights was on a “slightly slower track” [...]
Richard Branson set for space flight aboard Virgin Galactic rocket July 11, 2021 Sir Richard Branson is today due to launch into space aboard a Virgin Galactic rocket plane as he kicks off the race to roll out space tourism. The British billionaire will be one of six people aboard the plane, which will climb more than 50 miles above the New Mexico desert to the edge of [...]
Branson and Bezos space race outruns insurers July 9, 2021 Billionaires Sir Richard Branson and Jeff Bezos are reportedly launching into space without insurance for injury or death. Brokers told the NYT’s Dealbook newsletter neither Branson or Bezos, or their respective companies Virgin Galactic and Blue Origin, have purchased liability insurance. This is most likely because there isn’t a fully functioning insurance system for casual [...]