Truss accused of U-turn as she opens up to idea of direct cost of living payments August 10, 2022 Liz Truss has been accused of performing another policy U-turn, after the Tory leadership frontrunner hinted she was open to giving households cash payments to ease the cost of living crisis. Sources on her campaign today said “there is work going on in government on what more can be done” to help people cope with [...]
Lamborghini CEO speaks to City A.M.: “We’ve had our best six months ever” August 10, 2022 As Lamborghini announces a record profit, we speak to CEO Stephan Winkelmann about plan for a hybrid and electric future.
US inflation cools quicker than expected in sign Fed’s rate hikes are quashing prices August 10, 2022 US inflation is cooling much quicker than experts are betting in a sign the Federal Reserve’s series of steep rate hikes are quashing price pressures. Prices climbed 8.5 per cent annually in the world’s biggest economy last month, down from a 40-year high of 9.1 per cent, the US Labor Department said today. Wall Street [...]
Coinbase posts massive Q2 net losses as downturn bites August 10, 2022 Coinbase – one of the world’s most popular cryptocurrency exchanges – has revealed it suffered a massive $1.1 billion net loss in Q2 2022.
Hungary caves to Russian pressure as it pays transit fees for oil supplies August 10, 2022 Hungarian energy group MOL has submitted transit fees to Ukraine, on behalf of Russia, to restart flows of oil crude from the country.
New PM must push through City reform for finance to flourish, lobby groups say August 10, 2022 The new prime minister must push through a swathe of reforms to the City if the UK is to regain its place as the “world’s foremost international centre of finance”, a top lobby group warned today.
EON slashes stake in Nord Stream 1 pipeline by €700m amid Russia-Europe uncertainty August 10, 2022 Europe's largest energy network operator has slashed the value of its stake in the Nord Stream 1 gas pipeline by around €700m
Second yellow for Arsenal over fan token promotions August 10, 2022 Arsenal football club have been rebuked by the ASA which declared it had upheld its ruling against the club relating to NFT promotions.
Half of UK tech firms need greater support to scale, says report August 10, 2022 Half of the UK’s technology companies are lacking in the support necessary to scale the business, according to a new report today. The UK has a thriving technology space, securing 54 IPOs which have collectively raised £3.2bn – with 37 of these taking place last year, the report by Tech Nation, a body for UK [...]
FCA to swoop on City’s asset managers over misleading ESG investment August 10, 2022 The UK’s City watchdog is poised to swoop on asset managers if they promote “misleading” sustainable investments, as it prepares to ramp up its scrutiny of the ‘environmental, social and governance’ (ESG) label.
