RIshi Sunak’s father-in-law’s company Infosys is still active in Russia May 5, 2022 The Indian IT giant Infosys, which chancellor Rishi Sunak’s wife has a £400m stake in, is still reportedly operating in Russia. The company committed to “urgently closing down its operations” in the country last month, but the Mirror reported this week it was still working in Moscow. When approached for comment, Sunak’s wife Akshata Murty [...]
Helios Towers has rising revenue and earnings after Malawi acquisition May 5, 2022 Telecoms firm Helios Towers experienced increased revenue and earnings due to rising demand and recent African acquisitions. The company registered 23 per cent revenue growth and 20 per cent earnings after tax. This comes after its Malawi acquisition too the group into eight markets and more than 10,500 towers globally. “We have seen [...]
Furious row erupts between Sadiq Khan and Grant Shapps over Crossrail announcement May 4, 2022 A furious row has broken out between the Mayor of London and the transport secretary over today’s announcement that Crossrail will open on 24 May. Grant Shapps MP referred Sadiq Khan to the Electoral Commission accusing him of “breathtaking political cynicism”, according to the Telegraph. This comes after it was announced this morning the Elizabeth [...]
Elon Musk suggests firms may need to pay for Twitter, as senior MP asks him to appear before committee May 4, 2022 Twitter’s new owner Elon Musk has suggested businesses may have to start paying to use it. The richest man in the world who purchased the social media giant last month for $44bn, made the claim on Twitter on Wednesday. The Tesla boss wrote: “Twitter will always be free for casual users, but maybe a slight [...]
Chinese refineries reportedly snapping up Russian oil on the cheap May 4, 2022 Independent Chinese oil refiners are reportedly snapping up cheap Russian fuel, which could draw the ire of the United States and United Kingdom. Firms have reportedly continued making deals since the start of the war, while state-run energy companies publicly halted new contracts. The buying of discounted oil by independent refineries by China, according to [...]
Exclusive: Financial services in ‘digital arms race’, with 71 per cent making new products due to customer suggestions May 4, 2022 More than 70 per cent of finance leaders say firms are creating new products due to customers’ changing demands as part of a “digital arms race”. Banks and financial services are adapting to a new demographic according to results of a new survey commissioned by Yobota, of 251 top decision makers, exclusively shared with City [...]
Johnson announces £300m military top-up for Ukraine, including radars, heavy-lifting drones and night vision equipment May 3, 2022 Boris Johnson has announced a new £300m military package for Ukraine, including radars to pinpoint artillery and heavy-lift drones to supply Kyiv’s army on the front line. The prime minister made the announcement during a speech to Ukraine’s parliament, the Verkhovna Rada, which is the first time a world leader has addressed it since the [...]
Amazon will cover travel costs for employees wanting an abortion, as US Supreme Court ponders overturning Roe v Wade May 3, 2022 Tech giant Amazon will cover travel costs for abortions amid controversy over proposed changes to the law in the US. The company will expand its coverage to employees to support them in having the procedure, as a leaked document claimed the US Supreme Court is going to overturn the historic Roe v Wade ruling, legalising [...]
Imran Ahmad Khan: MP convicted of sexual assault formally quits seat May 3, 2022 Former Conservative politician Imran Ahmad Khan has quit his role representing Wakefield in the Commons after being convicted of sexual assault. The MP promised to resign at the end of last month after being found guilty of sexually assaulting a 15-year-old boy. His resignation has triggered a by-election in the West Yorkshire seat, which was [...]
Watch: Boris Johnson invokes Sir Winston Churchill during historic address to Ukraine’s Parliament: ‘This is your finest hour’ May 3, 2022 Boris Johnson invoked Sir Winston Churchill in an historic address to Ukraine’s Parliament, saying it was the country’s “finest hour” as it battled Russia”. Addressing members of the Verkhovna Rada, as well as president Vlodymyr Zelensky, the Prime Minister saluted Ukraine’s “courage with which you are meeting” the war being waged by Moscow. Praising the [...]
