Wikipedia won’t comply with Online Safety Bill if passed, its charity warns April 28, 2023 Wikipedia will not comply with aspects of the Online Safety Bill if passed, the website’s charity has warned. The bill — currently sitting in the House of Lords — will compel social media platforms and tech companies to police and remove hateful content. It will also require platforms to keep adult content out of reach [...]
Mastercard seeks to expand crypto card tie-ups April 28, 2023 Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company’s head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini to offer crypto-linked payment cards in some countries. The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency holdings on the [...]
US officials lead urgent rescue talks for First Republic April 28, 2023 US officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank’s advisers have yet to reach a deal, according to three sources familiar with the situation. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal Reserve are among government bodies that have in recent days [...]
Eurozone grows marginally in first quarter as outlook for 2023 remains weak April 28, 2023 The eurozone grew only marginally in the first three months of 2023 and at a rate lower than market expectations after stagnation at the end of last year, preliminary data showed on Friday. Gross domestic product in the eurozone expanded by 0.1 per cent in the first quarter, below expectations in a Reuters poll for [...]
Explainer: The Brexit bonfire of EU laws turns into dust April 28, 2023 Rishi Sunak has smothered the “Brexit bonfire” of EU laws – and hard-line Brexiteers are fuming with rage. But the prime minister smartly refused to be the face of this u-turn, putting business secretary Kemi Badenoch on the front stage herself. This week, Badenoch had to tell Brexiteers in her party that the majority of [...]
Gymshark chief brands UK ‘a great place to do business’ as firm eyes expansion April 28, 2023 Despite much criticism about the UK’s high level of corporation tax and struggling capital markets, the boss of sportswear brand Gymshark said today the Britain is a “great place to do business.” Asked by LBC’s Nick Ferrari, how easy is it to start and to grow a business in the UK, chief executive Ben Francis [...]
Analysis: Big tech beats forecasts – but they’re not out of the woods yet April 28, 2023 Meta, Microsoft, and Google’s parent, Alphabet, Amazon all showed signs of resilience this week after a bruising period for the tech sector. After many US tech firms laid off thousands of staff in response to low growth and inflationary pressures, each of these leading tech giants reported quarterly revenues and profits that beat analyst estimates, [...]
Ongoing rise in cryptocurrency scams increases calls for regulation April 28, 2023 Research from a financial claims management company has revealed that cryptocurrency scams are on the rise.
Chevron tops estimates with profit gains despite slide in oil prices April 28, 2023 Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter this year.
Exxon delivers record first-quarter profit on higher output April 28, 2023 Exxon Mobil reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates.
