Qatar urged to investigate allegations of torture before death of UK tourism exec September 29, 2022 Qatari authorities have been urged to investigate alleged torture of a UK tourism executive before his death three years ago. Mark Bennett was found dead in December 2019 after being arrested 10 weeks earlier at the office of Qatar Airways, his employer. The Times lifted the lid on alleged horrific treatment the tourism executive [...]
SoftBank begins slashing 30 per cent of staff from Vision Fund September 29, 2022 Japanese investment giant SoftBank has begun laying off staff at its flagship Vision Fund unit as it plans to slash headcount by around 30 per cent, according to reports.
Economic headwinds risk leaving UK’s small businesses underinsured September 29, 2022 The headwinds facing the UK economy risk leaving small businesses underinsured, Aviva has warned. Inflation, supply chain disruption, and labour shortages could leave UK small and medium enterprises (SMEs) at risk of facing huge bills, if the insurance policies they have fail to cover the actual costs repairing buildings or replacing assets, the insurance giant [...]
Porsche shares climb following €75bn IPO September 29, 2022 Posche’s stocks made a strong start on Thursday, climbing as high as 5 per cent following the luxury car maker’s €75bn (£67bn) Frankfurt IPO. Shares increased from an issue price of €82.50 to €86.78 by mid-morning before closing at €82.74. Chief executive Oliver Blume said the company was “very positive about the first price.” “Of [...]
Capricorn scraps Tullow deal in favour of merger with New Med Energy September 29, 2022 Capricorn has dramatically ditched its merger with rival Tullow, instead reaching an agreement with Israeli gas group New Med Energy.
Don’t Get Rekt! DeFi through the eyes of a risk manager September 29, 2022 Evgeny Gokhberg of re7.capital takes a look at decentralised finance through the sophisticated lens of a risk manager.
BBC slashes nearly 400 jobs as licence fee squeeze continues September 29, 2022 The BBC has slashed nearly 400 jobs from its world service division as the broadcaster feels the increasing pressure of the licence fee freeze. The Beeb said it would be moving towards a “digital-first” strategy for the BBC World Service, cutting 382 posts in the process. “Changing audience needs around the world – with more [...]
City Of London Corporation elects business veteran Nicholas Lyons as 694th Lord Mayor September 29, 2022 The City of London has elected Nicholas Lyons as its 694th Lord Mayor. The father-of-four and veteran business leader was announced as the new head of the Square Mile today, taking over the year-long role from Vincent Keaveny. Lyons, who has worked in the City for more than 40-years, pledged to represent financial and professional [...]
GoPuff forecasts mass extinction for ‘majority, if not all’ rivals this year September 29, 2022 GoPuff has said its rivals in the rapid delivery sector face mass extinction over the next year, as the app hones in on accelerating UK market share. The Philadelphia-based firm, which was valued at $15bn last summer, has previously said it intends to amp up its focus on the UK as it departs Spain, in [...]
Kremlin gets ready to annex four regions of Ukraine on Friday September 29, 2022 Press Association Russia on Friday will formally annex occupied parts of Ukraine where it held Kremlin-orchestrated “referendums” in which it claimed that residents had voted overwhelmingly to live under Moscow’s rule. The Ukrainian government and the West have denounced the ballots as illegal, forced and rigged. Russian President Vladimir Putin will attend a ceremony on [...]
