Letter to the editor: Time for banks to pull their socks up February 29, 2024 Dear Editor, I write to express my concern about the insufficient efforts made by the financial industry to pass on the advantages of central bank rate hikes
Global CEO trades in hot seat for boardroom in shake-up at media giant February 27, 2024 Stephen Miron will step down from the CEO job at media giant Global in March of next year, moving upstairs to the chairman's seat.
No time to lose: The City must be the force behind reinvigorating ailing markets February 27, 2024 Another day, another complaint from a listed firm that things have not entirely gone to plan. Yesterday it was the Aquis-listed Quantum Exponential Group, which invests in computing businesses. Long story short, the small-cap operations wants to delist: not enough liquidity, and investors interested only in picking up private firms rather than dealing with troublesome markets. The [...]
Letter to the editor: Brits must break up with banks February 27, 2024 Re: More than £1trn languishing in low-interest savings accounts I’ve always struggled to understand why kids in the UK don’t learn about managing their finances at school.A lack of financial education means lots of millennials have had a long-term, one sided relationship with their bank. They’ve grown up to believe that the right thing to [...]
Letter to the editor: Seeing red at Labour’s green U-turns February 26, 2024 Re: Labour confirms £28bn green investment pledge has been scrapped Labour’s recent U-turn on green investment is disappointing but not unexpected. With the general election less than a year away, this does nothing to provide businesses and investors with clarity on the UK’s green agenda.” It’s a reminder that businesses cannot rely solely on government [...]
Charles praises ‘determination and strength’ of Ukrainians on war anniversary February 24, 2024 King Charles has praised the “determination and strength” of the Ukrainian people in a message marking the second anniversary of Russia’s invasion. In a message released by Buckingham Palace, Charles said he was “greatly encouraged” by the UK’s efforts to support Ukraine and commended their “true valour”. Saturday marks two years since the Kremlin launched [...]
Lee Anderson has Tory whip suspended after ‘refusal to apologise’ for Islamist claim February 24, 2024 Lee Anderson has had the Conservative whip suspended following his widely criticised claim that London Mayor Sadiq Khan was controlled by “Islamists”. A spokesperson for the party’s chief whip Simon Hart said the decision had been taken following the former Tory deputy chairman’s “refusal to apologise” for the remarks made on Friday. Pressure had been [...]
Odysseus Moon lander may have tipped sideways but is ‘stable’ February 24, 2024 Lunar lander Odysseus, which became the first privately owned spacecraft to land on the Moon, is “stable” and is likely lying on its side with its head resting against a rock. Intuitive Machines’ Nova-C Odysseus lander, a private spacecraft, touched down in the Moon’s south pole region at 11.23pm UK time on Thursday. Steve Altemus, [...]
Judge approves Binance £3.4bn guilty plea as US seeks to modify founder Zhao’s bond February 24, 2024 A US judge on Friday accepted Binance’s guilty plea and more than $4.3bn (£3.4bn) penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world’s largest cryptocurrency exchange. US district judge Richard Jones in Seattle approved the plea, which includes a $1.8bn (£1.4bn) criminal fine and $2.5 (£2bn) billion [...]
British Airways ranked among worst airlines for passenger satisfaction February 24, 2024 British Airways has been ranked among the worst airlines in a UK passenger satisfaction survey. The airline’s customer score for long-haul flights was the joint third lowest out of 17 carriers analysed by consumer group Which?, at 59 per cent. It received just two stars out of five for boarding experience and value for money, [...]