UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes
Ed Warner: Forget WrestleMania, Super Bowl or the Olympics – London mayor should seek hefty portfolio of sporting events
US Fed fines Deutsche Bank $186m over failure to improve money laundering checks July 20, 2023 The Federal Reserve said on Wednesday it fined Deutsche Bank and its U.S. affiliates $186m for failing to sufficiently address money laundering control problems and other shortcomings previously flagged by the U.S. central bank. The new penalty for lingering issues marks the latest blow for the German lender, which has struggled for years to get on [...]
Coutts treatment of Farage ‘ought to jeopardise’ Natwest’s bank licence, senior Tory says July 19, 2023 Top Tory MPs have piled pressure on Coutts and its owner Natwest after the private bank reportedly closed Nigel Farage’s account because his views do “not align with our values”. Former Brexit secretary David Davis said the decision amounted to “thinly veiled political discrimination” and called it a “vindictive, irresponsible and undemocratic action”. Speaking during [...]
MI6 chief calls for Russians to spy for UK July 19, 2023 The head of MI6 has urged Russians angry at Vladimir Putin’s war in Ukraine to spy for the UK. Sir Richard Moore told them “our door is always open” and “we will work to bring the bloodshed to an end”. He said that while artificial intelligence (AI) is being used to help target the Kremlin’s [...]
Farage claims documents show Coutts closed his accounts for political reasons July 19, 2023 Former Brexit Party leader Nigel Farage said he has obtained documents that show his accounts with the private bank Coutts, a unit of taxpayer-backed bank Natwest were being closed primarily for political reasons. In a video posted on Twitter on Tuesday, Farage said he received a 40-page document from Coutts after filing a “subject access [...]
Estee Lauder hit by cyberattack affecting some business operations July 19, 2023 Cosmetics maker Estee Lauder said a hacker had obtained some data from its systems, with the cyber incident causing, and expected to further cause, disruption to parts of the company’s business operations. The MAC Cosmetics owner was working to restore the affected systems and had implemented measures to secure its operations, including taking down some [...]
Woodside misses revenue estimate but sticks to guidance July 19, 2023 Australian No.1 oil and gas producer Woodside Energy said second-quarter sales tumbled due to weaker commodity prices and maintenance work.
Rio Tinto warns of global slowdown risks amid production issues July 19, 2023 Rio Tinto flagged concerns about a global economic slowdown on Wednesday as it logged a raft of production issues across its operations.
Met Police has ‘so much further to go’ in tackling racism and misogyny July 19, 2023 The Met Police still have “so much further to go” in rooting out racism and misogyny in the force, the mother of two murdered sisters has said. Mina Smallman said a lack of acceptance and transparency persists in the Met, and that instances of both good and bad policing should be highlighted more often. Smallman’s [...]
Government planting less than half its target of trees, say MPs July 19, 2023 The government is planting less than half of its annual target of trees, raising concerns about how it will meet its nature goals.
Grocery inflation remains ‘incredibly high’ but falls for fourth straight month thanks to supermarket promotions July 18, 2023 Grocery price inflation has seen the biggest drop since its peak in March but remains “incredibly high”, figures show. Supermarket promotions helped the figure fall to 14.9 per cent in the four weeks to July 9, down from 16.5 per cent over the previous month, according to analysts Kantar. It is the fourth month in [...]