As long as we talk in emotive terms like reparations, we make the climate political November 10, 2022 No matter if a delegate was wearing an Arabian thawb, an African dhuku or a Western business suit; all attendees I encountered at Cop27 in Sharm El-Sheik, Egypt were unanimous in recognising that action must be taken to stem the impact of climate change – and fast. It was clear from the very beginning of [...]
If every mistake results in a boycott, firms will stop publishing green promises November 10, 2022 As the famous saying goes, no publicity is bad publicity. However, the emergence of cancel culture – a modern day phenomenon often talked about as a form of boycott – has had a huge influence over the way we think, behave and crucially, communicate. While cancel culture has undoubtedly brought about positive change and social [...]
Economic gloom finally sweeps through UK jobs market November 10, 2022 UK job growth has slimmed for the first time since the 2021 Covid-19 winter lockdown, driven by employers bracing for the longest recession on record, a new survey out today unveils. For the first time since February 2021, when the country was in the late stages of the third and longest pandemic lockdown, businesses trimmed [...]
‘Too weak’: Sadiq Khan slammed over Tube strike TODAY November 10, 2022 Greater London Authority’s Conservatives have blamed mayor Sadiq Khan for today’s Tube strike. “Londoners are facing yet another disruptive strike under Sadiq Khan’s watch, despite his broken promise of zero strikes,” GLA transport spokesperson Nick Rogers said yesterday “Militant unions are striking because they know Sadiq Khan is too weak to stand up to them [...]
Y2Pay: Robots eat into wage growth in the UK but boost productivity November 10, 2022 Fears of robots taking people’s jobs have been “overblown”, with low investment and productivity growth being the real culprits behind the UK’s stagnant economy, according to a new report by the Resolution Foundation today. However, automation has dampened the average take-home for staff operating alongside new tech, the report, in collaboration with the London School of [...]
Binance pull out of deal to buy FTX November 9, 2022 Binance chief Changpeng 'CZ' Zhao has suddenly withdrawn his offer to buy Sam Bankman-Fried's beleaguered FTX exchange.
Next snaps up collapsed Made.com in £3.4m swoop November 9, 2022 NEXT snapped up the brand, domain names and intellectual property of Made.com for £3.4m in a prepack administration this morning, just 18 months after it made its £775m London debut. In a statement this morning, Made.com confirmed it had appointed administrators PwC to sell off its other assets and pay off its debts. Former chief [...]
London SMEs ‘choked off’ from government contracts, says Labour November 9, 2022 The government is “choking off” opportunities for London SMEs by missing targets in awarding government contracts, Labour deputy leader Angela Rayner has said. Rayner today told City A.M. that the public procurement process was a “Tory racket”, with new figures showing just a quarter of London SMEs have been successful in their bid to win [...]
Vodafone sells towers stake in £14bn consortium deal November 9, 2022 Vodafone agreed to sell a hefty stake in its phone mast business this morning to KKR and Global Infrastructure Partners in a deal valuing the firm €16.2bn (£14.3bn). The FTSE 100 firm said in a statement that it had agreed a €32-a-share deal for Vantage Towers, allowing Vodafone to move its 81.7 per cent holding into [...]
Massive gains for DFI Money while crypto markets crumble November 9, 2022 DFI Money (YFII) gained more than 30 per cent in the 24-hour aftermath of Tuesday’s token tumble, triggered by Binance buying up FTX.
