Joining the dots: Interoperability and the metaverse October 27, 2022 Christopher Eklund, Senior Associate with Reed Smith takes a look at how interoperability can help the metaverse evolve for everyone.
Shell will not pay any windfall tax despite booming profits October 27, 2022 Energy giant Shell does not expect to pay the windfall tax this quarter, as it has invested sufficient funds in North Sea oil and gas projects.
Hurricane Ian could be insurance sector’s biggest loss since Hurricane Katrina October 27, 2022 Hurricane Ian threatens to become the insurance sector’s second biggest loss since Hurricane Katrina, with cost estimates to the industry ranging from $40-60bn (£35-52bn). The Category 4 storm that hit Florida in late September was the deadliest storm to hit the sunshine state since the Labor Day Hurricane in 1935. Hurricane Ian hit Cuba within [...]
Brexit: Sunak considers easing UK plans to quickly bin retained EU laws October 27, 2022 Rishi Sunak is considering scrapping plans to review or replace all retained EU laws by the end of 2023, while also U-turning on a pledge to create a “Brexit delivery unit”. The Prime Minister has been told the target would tie up hundreds of civil servants in reviewing 2,400 pieces of EU legislation. The Financial [...]
Boom in UK retail drives Cazoo’s revenue up 103 per cent to £347m October 27, 2022 A boom in the UK retail market has driven Cazoo’s quarterly revenue to £347m, 103 per cent up on last year’s levels. In the three months ended 30 September, UK retail unit sales went up 100 per cent to 18,889 vehicles sold despite inflationary pressures biting into consumers’ spending. “This very strong performance shows that [...]
Just Stop… the City: 27 activists arrested after bring Square Mile to a halt with protest October 27, 2022 27 Just Stop Oil protestors were arrested after bringing the City of London to a standstill during rush hour, gluing themselves to the roads around Mansion House. Protestors launched the action on the junction of Cannon St, Queen Victoria St and Garlick Hill at 9am as City workers were commuting. City Police surrounded the Just [...]
UK finally moves to regulate crypto, and it’s a great step in the right direction October 27, 2022 Thomas Tudehope, Global Head of Policy at Luno, welcomes the approval of the Financial Services and Markets Bill.
MPs call on Jeremy Hunt to introduce duty-free shopping at UK terminals October 27, 2022 MPs have called on the Chancellor to introduce duty-free shopping for arriving passengers at UK terminals. The All-Party Parliamentary Group for the Future of Aviation wrote yesterday to Jeremy Hunt asking him to introduce VAT-free shopping at British airports, international rail and ferry terminals “to help our sector flourish and recover” from the impact of [...]
Credit Suisse plots 9,000 job cuts and £3.5bn share sale in final attempt to save business October 27, 2022 Scandal-stricken lender Credit Suisse is looking to raise 4bn Swiss francs (£3.5bnn) by offloading stock as it slashes 9000 jobs and spins off its investment bank in a bid to steady the ship after heavy losses this year.
Twitter shares to be suspended as Musk closes in on takeover October 27, 2022 Twitter shares are set to be suspended from trading on the New York Stock Exchange tomorrow as Elon Musk closes in on a takeover of the firm after months of wrangling.
