DeFi does not require external regulators April 25, 2023 Norman Wooding, founder and CEO of SCRYPT, explains why he believes external regulation will not work on DeFi.
P&O bosses confident of avoiding ‘fire and rehire’ fine and thought public anger would ‘recover’ April 25, 2023 Controversial cruise operator P&O is confident it will not pay for the ‘fire and rehire’ scandal last year, according to company filings shared with City A.M. The accounts, which cover the 2021 calendar year, predict that the UK’s Insolvency Service will not be able to demonstrate that any subsequent action taken was in the public [...]
Bank of England’s Huw Pill: Brits ‘need to accept’ they’re poorer April 25, 2023 Bank of England's chief wonk says Brits need to accept they're poorer - or risk stoking further price hikes
Did pumping cash into the economy fuel inflation surge? Bank top official says claim ‘not well supported by evidence’ April 25, 2023 Claims the Bank of England caused the worst inflation surge in the UK for more than 40 years by printing money are “not well supported by the evidence,” one of its top officials said today. Ben Broadbent, a deputy governor at the Bank, hit back at critics in a speech at Britain’s oldest economic think [...]
Hunt for next Natwest chair begins as Howard Davies says he will step down by July 2024 April 25, 2023 The hunt for Natwest’s next chair is underway after Howard Davies told shareholders today he will be stepping down. Speaking at the bank’s AGM in Edinburgh, Davies said he expects a replacement to be found and handover completed by July next year. Noting that nine years was the maximum recommended tenure under the UK corporate [...]
London Underground could face summer of strikes as Mick Lynch’s RMT re-ballots 10,000 members April 25, 2023 10,000 RMT members are set to be re-balloted for strike action today, in a continuing row over jobs and pensions which looks set to pile more misery on London commuters. The RMT, Transport for London and Sadiq Khan have been in a fierce dispute over the past year, after plans were announced to cut 600 [...]
Greengage launches e-money service aimed at digital asset firms and SMEs April 25, 2023 Greengage has today launched its new e-money accounts service facilitating GBP and EUR payments and cards.
London proves it’s easy being green: Capital clinches eco finance crown for fourth year in a row April 25, 2023 London has again been named the world’s number one centre for green finance, according to a survey. The capital scored well across think tank Z/Yen’s 11th Global Green Finance Index (GGFI), allowing it to retain the world’s top spot for the fourth year running. London outdid all other cities in terms of its talent pool, [...]
Mark Carney’s climate alliance expands as 23 venture capital funds join net zero group April 25, 2023 Mark Carney’s global alliance of financial firms fighting climate change expanded into the venture capital sector today with the launch of the Venture Climate Alliance (VCA). Consisting of 23 venture capital (VC) firms across the U.S. and Europe, VCA members have committed to supporting a rapid, global transition to net zero or negative carbon emissions [...]
Drax shuts down coal operations, so will the UK have enough energy this winter? April 25, 2023 Drax has closed the curtain on its coal operations, putting the government under more pressure to secure supplies ahead of winter.
