City lawyer avoids jail after telling client to ‘burn’ evidence in Ocado case October 5, 2022 A City lawyer, who instructed his client to “burn” chat logs to prevent them from being handed over to Ocado, has avoided going to prison after being handed a substantial fine. Ex-Jones Day partner Raymond McKeeve told an IT manager at a company founded by Ocado co-founder Jonathan Faiman, Today Development Partners (TDP), to “burn” [...]
Union bosses warn of further strikes despite ‘different face’ to government October 5, 2022 Union bosses have warned of further action potentially taking place despite a “different face” to the government. Mick Lynch, general secretary of union RMT, said there could be additional transport strikes if a settlement between rail workers and train operators is not reached. “We’re reballoting now to get a fresh mandate for the next six [...]
Pound snaps winning streak against US dollar after Truss conference speech October 5, 2022 The pound slumped against the US dollar today, slicing some of the gains it has made since the currency collapsed after Kwasi Kwarteng’s mini-budget last month. Sterling weakened as much as two per cent against the greenback. It was down against the euro too. The world’s major currencies have tumbled against the dollar this year. [...]
Musk’s Twitter u-turn is the beginning rather than the end October 5, 2022 When news broke that Elon Musk would be moving ahead with his original $44bn takeover of Twitter, it felt like the beginning of a saga rather than the end of it. While the Tesla chief told his 107m followers that the purchase would be an “accelerant” towards his vision of an “everything app”, Musk’s lawyers [...]
Philip Morris still waits on EU green light for £14bn Swedish Match deal October 5, 2022 Cigarette giant Philip Morris has offered to make concessions to the EU in order to scoop up up rival firm Swedish Match in a $16bn (£14bn) deal. According to a European Commission filing, the maker of Malboro has put forward changes in order to address EU antitrust concerns, which it did not elaborate on. The [...]
PCF Bank shares tank after emergency lending freeze October 5, 2022 Shares in London-listed PCF Bank have tanked more than a third today after the firm announced it would halt lending activity as it struggled with cash levels following a failed takeover.
Our global aviation safety is being put at risk by kowtowing to China’s influence and excluding Taiwan from global bodies October 5, 2022 Aviation safety transcends national borders, and the International Civil Aviation Organisation (ICAO) is crucial to making sure countries work together to uphold safety and security standards. But so far Taiwan has been excluded from this global organisation, despite being an indispensable part of the global aviation network as a result of China’s influence. This jeopardises [...]
Zodia Markets turn to Miano as CTO October 5, 2022 City-based crypto asset brokerage and exchange Zodia Markets has appointed Giovanni Miano as its Chief Technology Officer.
OPEC+ finalises heavy oil output cuts in bid to boost sliding prices October 5, 2022 The world's most influential oil cartel, OPEC+, has agreed to its deepest cuts in production since the pandemic.
Curing cataracts in Nepal’s most isolated areas October 5, 2022 On the 16th of April, the Tej Kohli and Ruit Foundation conducted their second high-volume outreach microsurgical eye camp (OMEC). This took place in Nepal’s Solukhumbu District which is located in the foothills of Mount Everest. The camp took place over three days with the groundwork for the camp being planned long before. Unlike previous [...]
