Rom-cons on the rise: Romance Scammers trick average victim out of over £8k February 6, 2023 Lonely souls looking for Valentine’s love are being warned not to fall prey to romance scams which have increased by over 30 per cent in the last year according to Lloyds bank. The rise of dating apps and social media has made romance scamming easier, as criminals can more easily fake their identity to gain [...]
Tesla: Musk’s EV giant ready to enter UK insurance market with launch of London firm February 6, 2023 Electric vehicle (EV) maker Tesla appears to be readying itself to begin insuring British drivers through the launch of its own London-based insurer. Elon Musk’s automotive company is seeking to open a UK branch of its Malta-based insurance business, filings to Companies House show. Tesla is also hiring a lawyer to work in its “full-stack [...]
FCA warns crypto execs could face two years in jail for breaching financial promotion rules February 6, 2023 The Financial Conduct Authority (FCA) has warned crypto businesses that breaching new financial promotion regulations could lead to executives facing up to two years in prison. The FCA said that crypto companies which fail to meet its financial promotion rules will breach the Financial Services and Markets Act, “a criminal offence punishable by up to [...]
Bitcoin NFTs push transaction fees upward, and Ethereum moves closer to staked ETH withdrawals February 6, 2023 Data from CryptoCompare shows that the price of Bitcoin moved mostly sideways throughout the week, starting off at $23,000 and dipping to $22,500.
Dell cuts almost 7,000 jobs as computer sales fall February 6, 2023 Dell has revealed plans to axe five per cent of its global workforce amid failed restructuring efforts and falling consumer demand for computers. “This is a difficult decision that was not made lightly, and we’ll support those impacted as they transition to their next opportunity,” a spokesperson for Dell said. Chief operating officer Jeff Clarke [...]
Green energy: Subsidies need planning reform to stop firms being lured by US billions – Wartsila boss February 6, 2023 Subsidies for green energy will only lead to a ramp up of renewables if they are matched with planning reforms, warned Wartsila.
First photos of Bizzarrini Giotto V12 hypercar – due in 2024 February 6, 2023 Reborn Italian marque Bizzarrini has offered a first glimpse of its 'purist' Giotto hypercar, powered by a naturally aspirated V12 engine.
1,900 jobs at risk as clothing chain M&Co bought out of administration and will shutter ALL 170 stores February 6, 2023 The Scottish chain was bought by AK Retail after being put into administration for the second time in December.
Car makers call for EV tax cuts in March Budget to help drive green transition February 6, 2023 Car makers have called on the UK government to implement a raft of tax cuts in the March Budget to help support the transition to electric vehicles. The Society of Motor Manufacturers and Traders (SMMT) said today that the upcoming budget – which will be announced on 15 March – is a good opportunity to [...]
Analysis: An epidemic of political relevance deprivation February 6, 2023 Liz Truss’s 4,000 word essay, Matt Hancock ironing a tie and Boris Johnson’s American ambitions. Comment & Features Editor Sascha O’Sullivan on the politicians desperately clinging on to relevance.
