Law firms avoid layoffs amid fears of repeating mistakes of 2008 crisis November 8, 2022 Law firms are avoiding making widespread layoffs, as they seek to wait out the current crisis, due to fears of repeating the mistakes made during the financial crash of 2008, analysts have said. The world’s top law firms are continuing hiring and holding back on making redundancies, despite declining profitability, new analysis from Thomson Reuters [...]
Qatar World Cup could cost Brits £34 more than 2018 summer comp due to rising energy bills November 8, 2022 The winter World Cup in Qatar will cost Brits £34 more than watching the previous one from Summer 2018 in Russia. Rising energy bills and increased prices of a a pint, means it’s likely England fans will watch the tournament at home, increasing the use of energy and electricity. New figures from Saxo claims that [...]
Binance look to buy out Sam Bankman-Fried’s FTX November 8, 2022 Binance chief Changpeng Zhao has sensationally announced he has agreed to buy Sam Bankman-Fried's beleaguered FTX exchange.
BrewDog signed beer distribution deal in Qatar despite ‘anti-sponsorship’ campaign November 8, 2022 BrewDog has signed a deal with an alcohol distributor operating in Qatar, despite launching an ‘anti-sponsorship’ campaign this week protesting human rights in the country ahead of the World Cup. The firm’s beers are distributed in the country by the Qatar Distribution Company – a state-owned subdsidiary of Qatar Airways – which is the only [...]
Subsidies should not be relied upon to ramp up green aviation fuel production, says charter boss November 8, 2022 The aviation industry should not rely only upon government subsidies to ramp up the production of sustainable aviation fuels (SAFs), according to private charter company Victor. Produced from the likes of solid waste and food scraps, SAFs reduce CO2 by up to 80 per cent over their life cycle and are considered the best way [...]
Global investors plough £97bn into funds as confidence rebounds November 8, 2022 Global investors ploughed $111.5bn (£96.58bn) into exchange traded products in October as conviction roared back in the strongest month of flows since March, new data has revealed.
‘Golden source’ for ESG data will help listed firms decide where they put their cash November 8, 2022 A new ‘golden source’ for environmental and social governance (ESG) data will help listed firms decide where they put their money, and even what their values should be. Nina Spencer saw a gap in the market after more than 15-years sitting on company boards and advising leading fintech firms. Her new analytics and benchmarking database, [...]
Boost energy efficiency to tackle climate change, says Schneider Electric November 8, 2022 There needs to be more of a focus on less exciting parts of the green transition, argued a leading analyst at Schneider Electric.
Cypriot PwC partners set up new firm to continue working with Russian clients November 8, 2022 Three ex-partners from PwC’s Cyprus office have left the Big Four accountancy firm to set up a new rival practice in order to continue working with Russian clients. The launch of KiteServe comes after the three ex-PwC partners took early retirement from the Big Four firm in June, after its sanctions policy blocked them [...]
London markets ‘completely throttled’ by regulation, says former exchange chief November 8, 2022 The UK’s equity market has been “taxed to death” and “completely throttled” by fiscal policies and regulation, the former chief of the London Stock Exchange Group has claimed, as he warned the Capital was in danger of losing its status as a global financial services hub.
