Rishi Sunak bans new smart motorways amid safety concerns April 16, 2023 The building of new smart motorways is being cancelled as prime minister Rishi Sunak acknowledged concerns about safety and cost. Fourteen planned smart motorways – including 11 that are already paused and three earmarked for construction – will be removed from government road building plans, given financial pressures and in recognition of the lack of [...]
Short seller hits back after Labour MP suggests Putin links April 15, 2023 Labour MP Liam Byrne (Left) suggested last month that short seller Fraser Perring had ties to the Kremlin.
Grand National: Woman arrested ‘over potential co-ordinated disruption’ April 15, 2023 A woman was arrested in connection with potential co-ordinated disruption at Aintree Racecourse as animal rights activists gathered outside the track before the Grand National Festival’s final day. A 33-year-old woman from the London area was arrested in the Greater Manchester area on Saturday morning on suspicion of conspiracy to cause public nuisance, Merseyside Police [...]
Innovate Finance slammed for hosting Hong Kong minister at London conference April 15, 2023 Fintech industry body Innovate Finance has been criticised over its decision to invite a senior Hong Kong finance minister to speak at a London conference next week as the territory’s government continues its political crackdown. Activists and MPs have hit out at the group’s decision to host Hong Kong’s financial services secretary Christopher Hui speak [...]
Federal Reserve green lights UBS-Credit Suisse deal in US April 15, 2023 The Federal Reserve's Board of Governors on Friday said it has approved UBS Group AG's acquisition of the U.S. subsidiaries of Credit Suisse, clearing another major hurdle for the completion of the Swiss-brokered rescue deal.
IEA warns OPEC+ cuts risk supply deficit as it predicts record oil demand April 15, 2023 Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit, the International Energy Agency (IEA) said,
Coalition of 15 investors with total assets of £2.4trn plead with firms to protect lowest-paid workers April 14, 2023 A coalition of investors are demanding that businesses take “decisive action” to protect their lowest paid workers during the cost of living crisis. The coalition, which includes 15 investors with a combined £2.4trn in assets under management, argued that the lowest-paid workers are “disproportionately impacted by the rising cost of living.” Companies should ensure that [...]
HSBC’s exit from French retail market set to face delays as ‘unexpected interest rate rises’ force Cerberus to find more cash April 14, 2023 HSBC’s exit from the French retail market has been thrown into doubt after Cerberus Capital said it will need to stump up more cash to fund the transaction as a result of rising interest rates. In a statement today, HSBC said “unexpected interest rate rises” have forced Cerberus to significantly increase the amount of capital [...]
ULEZ row continues as Sadiq Khan brands challenge by Tory councils a waste of taxpayers’ cash April 14, 2023 Conservative councils who have launched a High Court challenge against Sadiq Khan’s plan to expand London’s ultra low emission zone (Ulez) are wasting taxpayers’ money, the capital’s mayor has said. Mr Khan said London residents would prefer their payments to be invested in libraries instead. If it goes ahead, Ulez will see drivers in outer [...]
‘Mob-like tactics’: Peers urged to scrap plans allowing gas network to enter homes and switch boilers WITHOUT consent April 14, 2023 Campaigners are urging peers to scrap a proposed law allowing gas distribution networks to switch boilers to hydrogen without consent.
