Crypto clampdown: the FCA finally gets its act together April 7, 2022 Martin Lovick of ACA Group praises the FCA for its robust approach to paving the way for crypto regulation.
Equity exodus: Investors rush to gold ETPs amid market turbulence April 7, 2022 Investors fled European equities last month as the shocks of war in Ukraine continued to drive an exodus towards safe haven assets, fresh data has revealed.
Financial watchdog chief calls on Meta to up its game with blocking investment fraud April 7, 2022 The head of the UK’s financial regulator has called on Facebook to take action against investment scams. Writing in The Telegraph, Nikhil Rathi, head of the Financial Conduct Authority (FCA), said Facebook’s parent company Meta needed to do more to tackle fraudsters targeting vulnerable people online. It comes as the Online Safety Bill progresses through [...]
The City’s Purple Pay called out by HMRC for promoting tax avoidance April 7, 2022 The City’s Purple Pay has been named and shamed by HM Revenue and Customs (HMRC) for promoting tax avoidance schemes. The taxman has revealed the names of companies which have promoted schemes to avoid paying tax for the first time today, warning users that they could face “large tax bills” unless they withdraw from them. [...]
Bitcoin could minimise the threat of nuclear war April 7, 2022 Bitcoin is the 'weapon' that prevents attackers from denying people access to their property without resulting in war, says Chris Kacher.
‘Zuck Bucks’: Facebook plots launch of digital coins and lending services April 7, 2022 Facebook owner Meta has renewed its crypto ambitions with plans to roll out virtual coins and lending services to app users.
Travel chaos escalates as 23-mile M20 stretch closed after ferry shortage April 7, 2022 Travel chaos continued to escalate today as a 23-mile stretch of M20 was closed due to the ongoing ferry shortage. The motorway was closed from Maidstone to Westenhanger, while thousands of lorries were stuck in bottlenecks on their way for the Port of Dover or the Eurotunnel. Delays at Channel crossings were driven by a [...]
Corbin & King has fallen: What does it mean for The Wolseley, Zedel et al? April 7, 2022 You can be forgiven for not following the corporate intricacies of the hospitality sector, but last week was significant. On Friday, it was announced that Corbin & King, the restaurant group founded in 1981 by the eponymous Chris and Jeremy, had been bought out of administration by Minor International, the vehicle of American-born Thai billionaire [...]
Days after comparison to ‘negotiating with Hitler’, Macron’s dialogue with Putin is ‘splitting Nato’ April 7, 2022 Days after Poland accused France’s president of “negotiating with Hitler” by speaking to Vladimir Putin, France has now been accused of “splitting Nato” with its continued attempts to talk with Russia. Its president Emmanuelle Macron has been keeping an open dialogue with Moscow’s leader, along with Germany. Putin has been accused of war crimes, a [...]
EU to delay coal ban amid pressure from Germany April 7, 2022 The EU will ban Russian coal a month later than planned amid pressure from Germany to delay the restrictions.
