Global TMT deals hit record high thanks to big hitting M&A moves June 23, 2022 Tech, media and telecom M&A rocketed in the last year thanks to big hitting deals like Microsoft’s $68bn acquisition of Call of Duty maker Activision Blizzard.
Johnson defends immigration policy in Rwandan speech June 23, 2022 Boris Johnson has defended his controversial immigration policy in a speech during his trip to Rwanda, saying that it “is in conformity with human rights”. The Prime Minister is in the capital of Kigali today for the Commonwealth Heads of Government Meeting (CHOGM), which is held every two years. It comes after Johnson struck a [...]
Fuel traders urged to take responsibility as wholesale price falls but petrol hits new record at pump June 23, 2022 Despite falling wholesale costs of petrol and diesel, prices are still going up at the pump as motoring groups call on fuel traders to offer consumers relief.
GSK to inject £1bn into new vaccines, as demerger leaves it with ‘less distractions’ June 23, 2022 GSK has announced it will inject £1bn into the research and development of infectious diseases over the next decade, just weeks after a major demerger. The British pharmaceutical giant will focus on diseases that disproportionately impact lower-income countries, in a move predicted by analysts since GSK split from its consumer healthcare division, now a separate [...]
UK economy spiralling toward ‘troubling’ recession and even higher inflation June 23, 2022 The UK economy is hurtling towards a “troubling” slump that will see it tip into recession and suffer from rampant inflation, reveals a closely watched survey published today. Consumers are responding to the worst cost of living crunch in a generation by cooling spending, while businesses are grappling with flatlining demand, according to S&P Global’s [...]
Zumo appoints digital visionary Clark Povey as Operations Director June 23, 2022 Edinburgh-based crypto platform Zumo has appointed 'digital visionary' Clark Povey as its new Operations Director.
Instagram teams up with London ID firm Yoti to test age verification feature June 23, 2022 Instagram have teamed up with London-based startup Yoti to test a new age verification feature for 18 and over accounts.
Amazon tells government online sales tax would wound small retailers using its platform June 23, 2022 An Amazon manager cautioned the government that a levy on internet heavyweights would cause serious damage to the UK’s small retailers, According to a report by Sky News, John Boumphrey, Amazon’s UK country manager, urged a Treasury minister against an online sales tax (OST) at a meeting with retail chiefs on Wednesday. A one per [...]
Activision Blizzard shareholders back Bobby Kotick and board amid company harassment allegations June 23, 2022 Activision Blizzard shareholders voted in favour of re-electing the firm's ten directors to the board, including its chief executive Bobby Kotick.
Oil prices slump as recession fears rise June 23, 2022 Oil prices continued to decline this morning across both major benchmarks, weighed down by the growing risk of a recession.
