Bulb bidder Ovo Energy was on Ofgem’s nationalisation watchlist October 23, 2022 Ofgem was preparing for the potential nationalisation of Ovo Energy this summer, with the supplier considered at risk of failure.
Week ahead: Drama in Westminster to grip City, but don’t forget about ECB October 23, 2022 The City’s attention will be gripped by the race to Number 10 this week, but there are some substantial economic announcements elsewhere in the pipeline that deserve a closer look. The European Central Bank (ECB), the monetary authority of the 19 countries using the euro, is expected to hike interest rates 75 basis points for [...]
Rishi Sunak announces leadership bid as he vows to ‘lead with integrity’ October 23, 2022 Rishi Sunak has formally launched his bid to be Tory leader and Prime Minister, vowing to “lead with integrity” in a clear attack on Boris Johnson. Sunak, the bookmakers’ favourite to become next UK Prime Minister, said “I want to fix our economy, unite our party and deliver for our country” in the wake of [...]
Russia targets Ukraine’s energy grid with massive strikes October 23, 2022 Russia has launched a fresh wave of attacks on Ukraine, targeting the country's energy grid with a "new massive strike."
Tory leadership: No deal struck between Johnson and Sunak in meeting October 23, 2022 Boris Johnson and Rishi Sunak have not agreed to a backroom deal to form a new government together, with the pair set to go head-to-head in the Tory leadership contest. It comes as Sunak officially launched his campaign this morning, tweeting that “there will be integrity, professionalism and accountability at every level of the government [...]
Royal British Legion cancels London poppy appeal event due to November rail strikes October 22, 2022 The Royal British Legion has scrapped its £1m poppy appeal fundraising event after announced rail strikes in November. Initially scheduled for 3 November, London Poppy Day sees around 2,000 veterans and personnel raise money in the capital. However, RMT strikes have caused the charity to announce it is now looking at how to “lessen” the [...]
We must move on: Blow for Boris Johnson as leading Brexiteer Lord Frost backs Rishi Sunak October 22, 2022 Leading Brexiteer David Frost has put his support behind Rishi Sunak for the Tory leadership, claiming that the country must “move on.” Frost said the party must back a “capable leader”, pointing to Rishi Sunak, who was expected to announce his bid on Saturday afternoon. Lord Frost was a big player in negotiating the UK’s [...]
Japan is no longer the gaming capital of the world, and this is why… October 22, 2022 Shinnosuke Murata, founder of blockchain games developer Murasaki, laments the fiscal policies killing off Japan's gaming industry,
Sunak set to make Tory leadership bid as Boris claims to have 100 MPs’ support October 22, 2022 Downing St leadership hopefuls are shoring up the support of MPs this weekend, ahead of a key Monday deadline, with Rishi Sunak passing to the next stage of the contest and Boris Johnson’s allies claiming he has also received enough support. Potential candidates have until next week to secure the backing of 100 MPs, before [...]
Rumour mill: Musk takeover spells mass job cuts for Twitter staff October 21, 2022 Elon Musk has told prospective investors that he plans to axe nearly 75 per cent of Twitter’s staff, as the billionaire continues to push forward with a takeover deal. According to reports from the Washington Post, although HR teams have reassured employees that mass layoffs were not coming any time soon, documents showed that plans [...]
