Virgin Orbit: Branson’s botched rocket project sells off assets and ends operations May 24, 2023 Virgin Orbit, Richard Branson’s failed rocket project, announced it are selling remaining assets and will cease operations, just months after an embarrassing mission failure. In a statement, the “responsive space launch provider” said our “legacy in the space industry will forever be remembered. Its ground-breaking technologies, relentless pursuit of excellence, and unwavering commitment to advancing the frontiers [...]
Bank bombshell: Competition watchdog finds traders at five banks shared intel on UK bond sales May 24, 2023 Traders at five of the world’s biggest banks shared “commercially sensitive” data related to the purchase and sale of UK government bonds in Bloomberg terminal chats, the UK’s competition watchdog has provisionally found. A “small number” of staff at Citi, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada shared information which, the competition [...]
Offshore: 1,650 workers to strike in sector’s biggest walkout – following Shell and BP’s £11.7bn profits May 23, 2023 Around 1,650 North Sea offshore contractors will begin two new rounds of 48-hour strike action in what a trade union said is the biggest walkout in the sector so far. The workers are striking in an increasingly bitter dispute over jobs, pay and conditions in the offshore sector, Unite said. The union says BP and Shell recorded [...]
Shell AGM: Tense meet disrupted by climate protestors who target chair Andrew MacKenzie May 23, 2023 Climate change protesters have tried to storm the stage at oil giant Shell’s annual shareholder meeting in London. In a tense moment in the meeting, which had already been delayed for nearly an hour, security stepped in to prevent a protester reaching chairman Sir Andrew Mackenzie and other board members on stage. Dozens of protesters [...]
Meta sells Giphy to Shutterstock to comply with UK regulator order May 23, 2023 Shutterstock said today it would buy animated-images platform Giphy from Meta for $53m in cash, months after the Facebook owner had agreed to divest the company on competition concerns. Britain’s competition regulator last year ordered Meta to sell Giphy over fears that it could deny or limit competitors such as Snapchat and Twitter access to the target’s content. Meta had [...]
Angry motorists clash with Just Stop Oil on Blackfriars, Tower and London Bridges May 23, 2023 Climate change protesters have again clashed with drivers as they staged marches on three bridges in central London. Forty-five Just Stop Oil (JSO) activists blocked the roads on Blackfriars, London and Tower bridges on Tuesday morning by walking slowly in the road. One man was handcuffed by police after he appeared to push two JSO [...]
National Lottery firm Camelot posts sales rise as 382 new millionaires created May 23, 2023 National Lottery operator Camelot has revealed a rise in sales over the past year, resulting in record returns to good causes directly from ticket sales.
Train passengers could lose free wifi amid cost cuts May 22, 2023 Train passengers face losing access to free wifi under cost-saving measures. The Department for Transport (DfT), which controls the finances of most operators in England, has said it is reviewing whether the service “delivers the best possible value for money”. Most train services on Britain’s railways offer free wifi, enabling people to connect their electronic devices to the [...]
Instagram back online this morning after global outage left everyone scrolling without luck May 22, 2023 Instagram was restored online after experiencing global outages, the social media company said. Down Detector, a website that tracks outages, reported 56,628 reports at around 11pm on Sunday. The Down Detector location map showed the outages spread across the UK with reports of outages coming from the US and Australia as well. Instagram said at [...]
Watch: Just Stop Oil activist thrown to the ground by angry passer-by near Tower of London May 19, 2023 A Just Stop Oil activist was thrown to the ground by a passer-by during a protest in central London. In a video posted on social media, the man can be seen approaching a group of campaigners as they slow march in front of traffic on Mansell Street, near the Tower of London, on Friday. The [...]
