Letters: A whole new world of forex December 16, 2022 [Re: UK banks face wave of ‘exotic’ forex derivatives claims after collapse of Pound, yesterday] Businesses, which were scrambling to protect their bottom lines against the dollar’s record highs and the euro, pound and yen’s record lows, have been let down by traditional banks. This “wave” of “exotic” forex derivatives highlights that despite fierce fintech [...]
Virgin Atlantic receive Govt funding for first ever net-zero transatlantic flight December 16, 2022 Virgin Atlantic has made aviation history as it received £1m in government funding to operate the world’s first net-zero transatlantic flight. The London to New York flight – which is set to take off next year – will be fully powered by sustainable aviation fuels (SAFs) instead of kerosene. A byproduct of solid waste and [...]
Home REIT: We’ve no idea where our rent comes from December 15, 2022 Beleaguered property investor Home REIT has admitted it has no idea how much rent it receives through government housing benefit payments despite saying its business model ultimately relies on them, City A.M. can reveal.
Trump unveils superhero NFT collection after teasing ‘major announcement’ December 15, 2022 Donald Trump has sensationally launched a superhero-themed NFT trading card collection today after teasing a "major announcement" on his Truth Social platform earlier in the day.
Shapps ends flagship small business digital support scheme December 15, 2022 Grant Shapps has pulled the plug on the ‘Help to Grow: Digital programme’ following lacklustre participation and rising costs, sparking a backlash from industry bodies. In a statement on Thursday, Shapps who currently serves as the Secretary of State for Business, Energy and Industrial Strategy said Government “cannot justify the continued cost” of the “Digital” [...]
Qatar has spent nearly £200,000 on trips for British MPs since 2017 December 15, 2022 British MPs have accepted £190,000 worth of trips from Qatar over the past five years, it has been revealed. Research from the Financial Times showed that 37 MPs accepted paid trips in the lead up to this year’s World Cup as Qatar pursued a European charm offensive. All trips were legal under parliamentary rules and [...]
Simpson’s saved? Historic City chophouse granted status as asset of value December 15, 2022 The City of London has decided to designate Simpson’s Tavern – the historic City bar and restaurant threatened with closure – as an asset of community value at a meeting this afternoon. The historic eatery was designated an Asset of Community Value by the City of London Corporation’s Policy and Resources Committee unanimously – taking [...]
City chamber of commerce launched to help Square Mile firms navigate challenges December 15, 2022 The City’s chamber of commerce has launched a new body dedicated to supporting business within the Square Mile. London Chamber of Commerce and Industry announced the creation of the City of London Chamber this week. It will be a forum for firms of all sectors to convene and and discuss ideas, from the biggest banks [...]
New Harry Potter game lets players pay to kill, torture characters December 15, 2022 Hogwarts Legacy, an upcoming video game unveiled features that allow users to buy in-game access to murder and torture spells. Avalanche Studios, the game’s developers, released promotional material earlier today, introducing a pay-to-play feature of the Harry Potter spin-off. In the “battle arena” segment of the game, players will be able to try out “spells” [...]
TikTok algorithm drives teens to dangerous content says new study December 15, 2022 TikTok’s algorithms drive young people towards self-harm and eating disorder content within minutes, new research suggests. According to a study from the Centre for Countering Digital Hate (CCDH), the video-sharing app is rife with dangerous content, including restrictive diets, suicide and self harm. The campaign group found one youth account was shown suicide content within [...]
