Jake Paul, Lindsay Lohan, Soulja Boy and ‘specialist’ porn star Kendra Lust among celebrities charged over crypto scheme March 22, 2023 US regulators have charged eight celebrities - including Lindsay Lohan and Jake Paul - with being involved in an illegal crypto scheme.
Defiant Boris Johnson insists ‘I did not lie’ and claimed boozy leaving do was ‘essential’ March 22, 2023 A defiant Boris Johnson insisted he “did not lie to the House” and claimed a boozy leaving do was “essential for work” in a fiery evidence session set to determine his political future. Johnson underwent a fierce grilling by the cross-party privileges committee, as MPs aimed to decide if he misled – intentionally or recklessly [...]
US Federal Reserve presses on with interest rate hike amid banking chaos March 22, 2023 The US Federal Reserve today looked past the ongoing wobbles in the global banking system and hiked interest rates for the ninth time in a row, extending its aggressive fight against inflation. Chair Jerome Powell and the rest of the federal open market committee (FOMC) today bumped the world’s most important interest rate 25 basis [...]
Hurricane Ian sees global insurance sector suffer more than $100bn loss for the fifth time since 1970 March 22, 2023 The global insurance sector suffered natural catastrophe losses of more than $100bn (£81bn) for just the fifth time in 2022, after taking a major hit from Hurricane Ian, new research shows. Natural catastrophes caused $275bn worth of damage in 2022, costing insurance companies $125bn, the research from reinsurance company Swiss Re shows. The hit [...]
UBS set to benefit from Credit Suisse deal as dust settles on dramatic acquisition March 22, 2023 Analysts were increasingly convinced that UBS’ acquisition of Credit Suisse had the potential to create long-term value for the newly merged entity. Bank of America’s Alastair Ryan said: “The industrial logic is impeccable: Credit Suisse was the closest competitor to UBS in wealth management and Switzerland; and both banks are heavy in Swiss central costs. [...]
Budweiser hints at future price rises as cost inflation starts to bite March 22, 2023 Budweiser has hinted that it might have to raise its prices in the UK and Ireland in the future as cost inflation continues to hit companies’ bottom lines. Brian Perkins, group president of Budweiser Brewing Group in UK and Ireland, told City A.M., that “no company has been immune to cost inflation”. Explaining the dilemma [...]
Rishi Sunak publishes tax return and reveals he paid £430k last year March 22, 2023 Rishi Sunak has published his tax returns and revealed he paid more than £430,000 in the UK last year. The prime minister paid £227,350 in 2019/20; £393,217 in 2020/21; and £432,493 in 2021/22. The prime minister’s documents, published on gov.uk, cover his time as prime minister and chancellor. Sunak first pledged to reveal his tax [...]
FTSE 100 close: Inflation shock tames London index as investors brace for Fed decision March 22, 2023 London’s FTSE 100 nipped higher today despite investors betting the Bank of England will be forced to keep raising interest rates to tame higher than feared inflation. The capital’s premier index closed up 0.41 per cent at 7,566.84 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Boss of British Gas owner Centrica handed fivefold pay increase to £4.5m March 22, 2023 The boss of British Gas owner Centrica has been handed a £4.5m pay package, after record profits last year.
CMA: US chipmaker Broadcom’s £50bn VMware deal could hurt server competition March 22, 2023 Britain’s competition regulator said U.S. chipmaker Broadcom’s acquisition of VMware VMW.N could make servers more expensive, and it would refer the $61 billion deal (£49bn) to an in-depth inquiry unless its concerns were addressed. Broadcom AVGO.O agreed to buy the cloud computing and virtualisation company last year to diversify into enterprise software. Britain’s Competition and [...]
