Russian cyberattacks could cost insurers billions, industry experts warn April 3, 2022 Insurers could be forced to pay out billions to those impacted by cyberattacks following Russia’s invasion of Ukraine. Ambiguous wording in cyber insurance policies could see insurance companies made liable to pay out billions to victims of hacking Insurers may be forced to cover the costs imposed on businesses of paying for ransoms and repairing [...]
Vitali Klitschko accuses Russians of genocide as mass graves found near Kyiv April 3, 2022 Kyiv mayor Vitali Klitschko has accused Russia of committing genocide in Ukraine, after a mass grave with 280 bodies was found in a city just outside Kyiv. Ukrainian soldiers won back Bucha, 17 miles to the West of Kyiv, over the weekend as the country’s troops continue its counter-offensive against Russian positions. The Ukraine Defence [...]
Whitbread searching for new CEO as Alison Brittain plans to step aside April 3, 2022 The hospitality powerhouse behind Premier Inn is hunting for a chief executive to replace Alison Brittain. Brittain is readying to step aside from her role heading Whitbread, following seven years in the top job, according to The Sunday Times. Headhunters at Spencer Stuart have been hired by Whitbread to find a suitable replacement for Brittain. [...]
Energy rationing is ‘not the route we want to go down’ says Transport Secretary Grant Shapps April 3, 2022 Grant Shapps has ruled out energy rationing in the UK, despite increased pressure on global supplies following Russia's invasion of Ukraine.
Deloitte paid former diversity chief £8m after she was cleared of bullying allegations April 3, 2022 Accountancy giant Deloitte has paid its former head of “diversity of inclusion” as much as £8m, after she stepped down from her role last year following allegations of bullying. City sources told The Telegraph that Deloitte’s former deputy chief executive, Dimple Agarwal, received severance pay of between £7m and £8m, after an internal investigation cleared [...]
Sunak and Javid stand by NI rise days before it comes into place April 3, 2022 Rishi Sunak and Sajid Javid have come out today to outline their support for this month’s hike in National Insurance, despite the growing cost of living crisis. Sunak said the £12bn-a-year increase in health and social care spending, which will come from the tax hike, was a “top priority” for the government. The chancellor said [...]
English Heritage ‘reviews’ relationship with disgraced P&O Ferries April 3, 2022 In the latest indignity for P&O Ferries, English Heritage has reviewed its partnership with the disgraced shipping company. The charity is reviewing its relationship with the ferry operator, after it came under fire for sacking 800 employees last month. English Heritage told the Mail on Sunday that it was “pausing and reviewing” its partnership with [...]
Axa vows not to appeal ruling over Corbin & King’s £4.4m claim for Covid linked losses April 3, 2022 Axa has said it will not appeal a High Court ruling ordering it to pay out £4.36m to high end restaurateur Corbin & King, after the firm was forced to close its restaurants during the pandemic. The French insurer said it would not appeal the February decision after it initially refused to pay the restaurant [...]
RTE urges French households to cut consumption tomorrow as cold snap bites April 3, 2022 French power grid operator RTE has requested companies, local authorities and households to reduce their energy consumption.
UK’s green regime threatens to push Toyota out of country after 30 years April 3, 2022 The UK’s push toward ramping up pure electric vehicle production threatens to drive the world’s largest carmaker out of the country. Toyota, which has had a presence in Britain since 1989, has warned the government it may be forced to pull out due to green policies designed to get to net zero by 2050 making [...]
