BBC ‘fully co-operating’ as offices raided by India tax officials after documentary on PM Narendra Modi February 14, 2023 Officials from India’s Income Tax department began conducting searches on Tuesday at the BBC’s offices in the capital, New Delhi. It comes weeks after the British broadcaster released a controversial documentary that examined prime minister Narendra Modi’s role during 2002 anti-Muslim riots. Teams from the tax department surveyed the BBC’s Delhi and Mumbai offices, the [...]
Ford to cut 1,300 UK jobs in major overhaul of European operations to refocus on EVs February 14, 2023 Ford has announced it will be scrapping 3,800 jobs across Europe, including 1,300 in the UK, over the next three years amid plans to reinvent the brand and focus on a smaller range of electric vehicles. The global carmaker said 2,800 engineering roles will be axed by 2025, and around 1,000 jobs in its administrative, marketing, [...]
Chancery Lane to be closed off to cars for 18 months as Square Mile experiments with pedestrian only route February 13, 2023 Chancery Lane will be closed off to cars for the next 18 months as the City of London experiments with a scheme to support pedestrians more. Sandwiched between Holborn and Fleet Street, the Square Mile’s historic road will have no access for cars after 20 February. For 18 months, traffic restrictions will apply from 7am [...]
Square Mile honours WEF president and Davos head Brende with freedom of the City February 10, 2023 The president of the World Economic Forum (WEF) was honoured by the Square MIle’s Corporation this week, giving him the Freedom of the City of London. Børge Brende was honoured at a ceremony this week following the WEF’s landmark conference in Davos, Switzerland, last month. The Norwegian economist, who heads the non-profit promoting cooperation between [...]
ASOS announces new interim CFO as fast fashion chain attempts to rebuild after £32m loss February 10, 2023 Online fashion giant ASOS has brought in an experienced new interim CFO with as it continues its post-pandemic overhaul to plug on-going losses. The pandemic darling announced that 75 per cent of its new 12-person decision-making team has been filled, as part of a major turnaround bid called ‘Driving Change’. Its new ‘reinforced leadership and [...]
Simpson’s Tavern: City of London favourite challenges winding up order as it battles closure threat February 9, 2023 City chophouse Simpson’s Tavern has been successful in challenging a winding up order and will now fight the forfeiture of its historic premises. Its boss said the victory means the business has now been reinstated and is no longer wound up – allowing it to challenge the forfeiture. This comes after Simpson’s Tavern in Cornhill, [...]
Disney: Episode of The Simpsons referencing China’s ‘forced labour camps’ removed in Hong Kong February 8, 2023 Disney has removed an episode of The Simpsons referencing “forced labour camps” in China from its streaming service in Hong Kong. The company did not immediately respond to a request for comment about why the episode, One Angry Lisa from The Simpsons’ 34th series, is not available to stream on Disney+ in the semi-autonomous Chinese [...]
Brexit: UK Supreme Court rules Northern Ireland Protocol is lawful February 8, 2023 The UK Supreme Court has ruled the Northern Ireland Protocol is lawful, rejecting a legal challenge to the Brexit process. The legality of the contentious trading arrangements has been challenged by a collective of unionists and Brexiteers. Judge Lord Stephens said in his ruling: “The most fundamental rule of UK constitutional law is that Parliament, [...]
Earthquake in Turkey and Syria: UK sends 76-strong team as death toll passes 4,000 and hunt for survivors continues February 7, 2023 The death toll surged past 4,000 as rescuers in Turkey and Syria worked overnight to find more survivors of the 7.8 magnitude earthquake that hit the region early on Monday. Survivors cried out for help from within mountains of debris as first responders contended with rain and snow. Seismic activity continued to rattle the region, [...]
Over 500,000 US jobs created in January but what does ‘awe upside surprise’ mean for Fed’s rate hike cycle? February 3, 2023 More than half-a-million new jobs were created in the US this month, leading to renewed fears the Federal Reserve could hike up interest rates when it meets next month. Statistics from the US Department of Labor howed jobs rose by 517,000 in January, while the unemployment rate changed marginally, at 3.4 percent. This week the [...]
