Mishcon de Reya strikes deal with UCL to fund research into Artificial Intelligence (AI) April 11, 2022 London law firm Mishcon de Reya has struck a deal with UCL to fund research into use of artificial intelligence (AI) in the legal sector. Mishcon’s decision to fund research into AI comes as the firm now believes AI technology will revolutionise the legal sector and transform the ways that lawyers work. In striking a [...]
Oil prices slump below $100 as IEA floods market and Shanghai lockdown cuts demand April 11, 2022 Oil prices have plummeted four per cent on both major benchmarks, with prices below $100 per barrel again after last month's rallies.
Ukraine’s president Zelensky: ‘Tens of thousands’ are dead in eastern city of Mariupol April 11, 2022 “Tens of thousands” have been killed in the besieged eastern Ukrainian city of Mariupol, the country’s president has claimed. Vlodymyr Zelensky made the remarks while addressing South Korea’s parliament virtually, pleading for more help “if we are to survive” the Russia onslaught. This comes after the Boris Johnson visited Kyiv on the weekend to offer [...]
Tory backbencher calls on government to close ‘loopholes’ letting London firms work for the Kremlin April 11, 2022 Tory backbencher Kevin Hollinrake has called on the government to close the “loopholes” that have allowed UK professional services firms to continue carrying out bankruptcy proceedings on behalf of the Russian state. In a letter to Rishi Sunak, the Conservative party MP accused accountancy giant Grant Thornton, litigation funder Harbour, and London law firm CMS [...]
UAE-based Lamprell secures deal to provide floating foundations for £10bn Scottish wind farm April 11, 2022 UK firms have missed out on the chance to develop three 1GW offshore floating wind farms, with UAE-based Lamprell winning the bid.
Empty planes with no one checking in: Staggering 15,000 ‘ghost flights’ took off from UK during pandemic April 11, 2022 The Civil Aviation Authority has recently revealed that almost 15,000 “ghost flights” departed from 32 UK airports between March 2020 and September 2021. With around 4,910 planes Heathrow made the top of the list, followed by Aberdeen, Manchester and Stansted, at an overall average of 720 per month. According to City A.M. estimates, that would [...]
Roads reopen in heart of the City after ‘suspicious vehicle’ leads to police cordon April 11, 2022 A number of streets in the heart of the City have been reopened by police after being cornered off due to a “suspicious vehicle”. The City of London Police said its “cordon in place around Nicholas Lane affecting the following roads: Gracechurch Street, Fenchurch Street, Lombard Street, King William Street” had been removed. After telling [...]
Investors question ESG label in wake of Ukraine war April 11, 2022 Top investors are reconsidering environmental, social and governance investment strategies as scrutiny of the label grows in the wake of Russia’s invasion of Ukraine.
‘Cosmic’ borrowing costs stop Russian bond sales as debt teeters on brink of default April 11, 2022 “Cosmic” borrowing costs have forced Russia to stop bond sales for the rest of the year, as its debt teeters on the brink of defaulting. Sanctions on the Kremlin continued to bite, as its finance minister revealed drastic action this week. This comes after Western sanctions forced it to pay bondholders in roubles, despite it [...]
Heal’s sales hit record levels as furniture firm’s online offer grows April 11, 2022 Furniture firm Heal’s sales hit record levels last year, surpassing £50m for the first time in its two-century history. The company said yesterday gross sales jumped 27 per cent against the previous year, as its online division gathered steam. Although its six bricks-and-mortar stores were shuttered for months on end due to Covid lockdowns, the [...]
