Binance unveils global advisory board, chaired by former US Senator September 22, 2022 Binance has created a new global advisory board (GAB), comprised of experts in public policy, finance, economics, and corporate governance.
Lidl now highest-paying supermarket in UK with £39.5m investment in staff salaries September 22, 2022 Discount giant Lidl has committed £39.5 in salary increases to its store and warehouse staff, becoming the highest-paying supermarket in Britain. The retailer is increasing hourly rates from £10.10 to £10.90 outside the capital, and within London, hourly wages will go up to £11.30 and £11.95 inside the M25. , Some workers are set to [...]
Ethereum’s post-merge slide continues to cause concern September 22, 2022 The price of Ethereum continues to slip this morning, falling another 3.77 per cent over the past 24 hours to $1,278.
TfL confirms Byford’s departure as COO Lord steps in on interim basis September 22, 2022 TfL has confirmed the departure of commissioner Andy Byford at the end of October as current chief operating officer Andy Lord steps in on an interim basis. Byford said he will leave the network and move back to the US, where he lived and was New York City Transit’s president. Announced today, Byford’s resignation comes [...]
Lord Rothermere to become new chief of Daily Mail publisher following privatisation push September 22, 2022 Lord Rothermere is set take over as chief executive of the Daily Mail publisher in what appears to be the crescendo of the media group’s tumultous few years. Paul Zwillenberg confirmed this morning that he would be stepping down as CEO of Daily Mail and General Trust (DMGT), with the great-grandson of the newspaper’s founder [...]
Govt sets up two-phase approach to make City ‘most competitive place for financial services’ September 22, 2022 The UK Government has set-up a two-phase approach for the City of London in a bid to make the capital “the most competitive place for financial services in the world.” Chancellor Kwasi Kwarteng will unveil an initial set of reforms in his fiscal statement tomorrow, while presenting a more comprehensive package later this autumn. Government [...]
Backing fracking: Government lifts ban to boost energy security September 22, 2022 The Government has officially lifted the lifted the moratorium on fracking in England, paving the way for further shale gas generation.
Credit Suisse board considering splitting investment bank into three parts September 22, 2022 The board of Credit Suisse is considering splitting up its investment bank into three. Among proposals put forward by its leadership are the resurrection of a “bad bank” for risky assets. Reported first by the Financial Times, under proposals the bank would look to sell profitable units in a bid to offset damaging capital raise. [...]
Ofcom widens net for Big Tech probe September 22, 2022 Ofcom will be widening the scope of its probe into Big Tech, digging into competition concerns surrounding the cloud services space. The media regulator said this morning that it would launch a market study into the sector to ensure that markets are working well for people and businesses in the UK. Cloud services have exploded [...]
Sadiq Khan: Income tax cuts to ‘disproportionately benefit’ wealthiest September 22, 2022 The Chancellor’s proposed cuts to income tax will “disproportionately benefit” society’s wealthiest, according to an analysis by the Greater London Authority (GLA). Figures showed that, by introducing a 1p cut, those on a £150,000 per year salary would have a tax relief of £1,950 while those earning the least would not see any benefit. “Tomorrow’s [...]
