Snap to close new augmented reality division after launching in March September 27, 2023 Snap announced today that it is shutting down its augmented reality services division just months after it launched.
Average five-year fixed mortgage rate slides down towards six per cent mark September 27, 2023 The average five-year fixed-rate homeowner mortgage is edging closer to falling back below the six per cent mark, according to figures from a financial information website.
Pendragon: Car dealership’s profits leap as it finds itself in three-way bidding war September 27, 2023 Car dealership Pendragon has posted higher half-year profits as the group finds itself at the centre of a three-way takeover tussle. Its half-year figures, which come just hours after it revealed a rival bid approach from US car retail giant Autonation, show pre-tax profits rising 10.6 per cent to £36.4 million in the six months [...]
Donald Trump defrauded banks and insurers as he built his empire, judge rules September 27, 2023 A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House. Judge Arthur Engoron, ruling on Tuesday in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others [...]
HS2: Five Labour mayors including Burnham and Khan to demand PM keeps project on track September 27, 2023 Five Labour mayors will gather in Leeds to issue a joint plea to the Prime Minister not to cut HS2 further. Rishi Sunak is facing a political backlash over reports he is weighing axing the Birmingham-Manchester leg of HS2 amid soaring costs. On Tuesday, Home Office minister Chris Philp said Mr Sunak was reviewing how [...]
PwC Australia: ‘Rainmakers’ given a free pass by bosses September 27, 2023 "The rules did not apply" to star performers at PwC's Australian arm, according to a damning report into the culture at the scandal hit business.
Evergrande: Chair of Chinese property giant placed under police watch – reports September 27, 2023 Evergrande's founder is under police surveillance, according to reports, as the firm struggles to meet debt obligations
Bennett on business: Mistakes on HS2 must be learnt from September 27, 2023 Neil Bennett, Global Co-Ceo of advisory firm H/Advisors, writes for City A.M. fortnightly - this week on HS2, water companies and a new Netflix must-see
Elon Musk ‘not off the hook’: EU official warns X is the biggest source of fake news September 26, 2023 A top European Union official has said that the social network X, formerly known as Twitter, is the biggest source of fake news and urged owner Elon Musk to comply with the bloc’s laws aimed at combating disinformation. Ahead of upcoming elections, Google, TikTok, Microsoft and Meta also have more to do to tackle disinformation, [...]
JP Morgan settles Epstein lawsuit with US Virgin Islands for $75m September 26, 2023 JPMorgan Chase reached settlements with the US Virgin Islands (USVI) and former executive Jes Staley to resolve lawsuits over sex trafficking by the disgraced financier Jeffrey Epstein, largely resolving a scandal that has weighed on the largest U.S. bank for months.
