Sharp under pressure to quit BBC after report finds ‘significant errors’ over Johnson loan February 12, 2023 BBC chairman Richard Sharp has been told that his position is “increasingly untenable” today after a report found that “significant errors of judgement” were made in helping to arrange an £800,000 loan guarantee for Boris Johnson while Sharp was applying for the top job at the BBC. Ex-JP Morgan and Goldman Sachs banker Sharp, who [...]
IEA: Surging renewables to become dominant electricity source within three years February 11, 2023 Electricity demand and worldwide energy supplies are becoming increasingly weather dependent, reveals the IEA.
Brexit: Signs of progress suggest hope NI Protocol row could finally end February 11, 2023 The UK Government and the EU have reiterated their commitment to finding “joint solutions” to differences around the post-Brexit Northern Ireland Protocol. Foreign Secretary James Cleverly and Northern Ireland Secretary Chris Heaton-Harris held a video call with European Commission vice president Maros Sefcovic on Friday. The protocol was agreed by the UK and EU in [...]
Best and brightest: Could international students be set for exemption from migration targets? February 11, 2023 The Education Secretary may challenge the Home Office’s plan to cut migration, arguing that the financial boost from international students to British universities was “hugely valuable”. Gillian Keegan said she is wanting to expand education export revenues from about £26bn to £35bn by 2030. Speaking with the Financial Times, Ms Keegan said the university sector [...]
Arm China lays off dozens of staff as restrictions hit demand February 11, 2023 SoftBank Group Corp’s chip technology firm Arm Ltd’s China joint venture laid off 90-95 employees last week to cope with a challenging business outlook this year, according to three sources familiar with the situation. The layoffs come as SoftBank tries to set up a public listing for Arm this year. The China market has been a major source [...]
Energy suppliers to halt forced prepayment installations, Shapps confirms February 11, 2023 Energy firms will stop forcing vulnerable households onto prepayment meters amid pressure on the industry from Downing Street.
Russia slashes oil output by 500,000 barrels per day in response to Western sanctions February 11, 2023 Russia will cut oil production by 500,000 barrels per day after the West imposed price caps on Russian oil and products.
Shell lawsuit: Institutional investors back legal challenge over climate risk February 11, 2023 A group of European institutional investors is backing a novel London lawsuit against Shell's board over alleged climate mismanagement.
Trafigura suffers $577m charge after alleged nickel fraud February 11, 2023 Trafigura was hit with a $577m charge in the first half of 2023, after discovering some nickel cargoes it received did not contain the metal.
Union rejects ‘dreadful’ pay deal as Lynch promises to prolong strike misery February 11, 2023 The biggest rail workers’ union has rejected what the Transport Secretary has described as the “best and final offers” aimed at resolving the long-running disputes over pay, jobs and conditions. Mark Harper described the move by the Rail, Maritime and Transport union (RMT) to reject the proposals from Network Rail and the train operating companies [...]
