FTX: Now UK investors are caught up in collapse of crypto trading platform January 11, 2023 Thirteen investors caught up in the collapse of cryptocurrency trading platform FTX have made fraud reports to UK police. FTX filed for bankruptcy on November 11 after it was alleged that then-chief executive Sam Bankman-Fried, 30, had illegally diverted massive sums of customer money from the company to a second firm that he owned, Alameda [...]
Coinbase to layoff 20 per cent of staff as crypto market declines January 10, 2023 Coinbase Global Inc COIN.O said on Tuesday it will reduce its workforce by about 20 per cent, or 950 employees.
Petrol price plummets to below 150p for first time since Russia invaded Ukraine January 10, 2023 The average price of petrol has fallen below 150p per litre for the first time in more than 10 months. Figures from data company Experian show the average price of a litre of the fuel at UK forecourts on Monday was 149.7p. The reduction of nearly 42p from the record high of 191.5p in July last year, [...]
AO World ‘cautiously optimistic as moves to slash costs helped lift profit expectations January 10, 2023 AO World has said it is “cautiously optimistic” as the online electricals retailer revealed that moves to slash costs have helped the firm’s profits surpass expectations. Last year, the Bolton-based company closed its loss-making German business and launched actions designed to save at least £30 million a year by 2023-24, including axing a raft of senior and [...]
Double take: Grant Shapps tweets historic photo which edits out Boris Johnson January 10, 2023 There are few comparisons between Grant Shapps and dictators of yore – mercifully – but it appears he may be the beneficiary of a tried-and-tested trick of historical figures. Shapps posted a photo to twitter on Sunday which appeared to show him alongside two officials from Britain’s space programme welcoming the launch of Virgin Orbit’s [...]
Amazon to close three UK warehouses impacting thousands of jobs January 10, 2023 Amazon has revealed plans to shut three UK warehouses in a move which will impact 1,200 jobs. The company has launched consultations over the closure of sites in Hemel Hempstead, Doncaster and Gourock, in the west of Scotland. All workers at the Amazon sites will be offered roles at other Amazon locations. The online technology giant has also [...]
Putin yanks Russia out of European anti-corruption scheme January 10, 2023 Russia has opted out of a European convention on fighting corruption, a move that comes in the wake of its withdrawal from the Council of Europe following start of Moscow’s military action in Ukraine. Russian President Vladimir Putin asked the lower house of parliament, the State Duma, to terminate adherence to the Council of Europe’s convention on [...]
Brexit: UK and N Ireland data-sharing progress a ‘positive step’ in protocol wrangling January 10, 2023 Progress between the EU and the UK on post-Brexit data-sharing has been hailed as a “positive step” in ongoing talks to find a solution to the Northern Ireland Protocol row. Foreign Secretary James Cleverly and Northern Ireland Secretary Chris Heaton-Harris met European Commission vice-president Maros Sefcovic in London on Monday, as London and Brussels try [...]
Tory MP Andrew Bridgen suspended from the Commons over ‘cavalier’ attitude to lobbying rules January 10, 2023 MPs have agreed to suspend Tory MP Andrew Bridgen after he was found to have displayed a “very cavalier” attitude to the rules in a series of lobbying breaches. The North West Leicestershire Tory MP will be suspended from the Commons for five sitting days from Tuesday. Bridgen, a backbencher should have told ministers and officials [...]
Up-up but not away: Branson’s historic Virgin Orbit UK rocket launch ends in failure after anomaly forces return to earth January 10, 2023 An attempt to make British space history by launching a rocket into orbit from UK soil has ended in failure after suffering an “anomaly” during the flight. After taking off from Cornwall, the Virgin Orbit plane flew to 35,000ft over the Atlantic Ocean where it jettisoned the rocket containing nine small satellites towards space. Organisers [...]
