Tanker carrying 42,000 tonnes of Russian oil stopped by activists off UK coast April 14, 2022 A tanker carrying 42,000 tonnes of Russian oil was stopped by environmental activists off the Linconshire coast. Greenpeace campaigners confronted the vessel, the Seavictory, near the port of Immingham, demanding it turn around. The boat’s captain said it was carrying Russian cargo – which the UK has committed to banning by the end of 2022 [...]
Musk’s anarchic vision won’t help Twitter but a subscription model might April 14, 2022 In late January, an unknown investor began quietly building a stake in Twitter. A little over two months later, Elon Musk breached the surface. On April 4th, he revealed a 9.2 per cent stake. Though two days later an official filing corrected that to 9.1 per cent, Musk has become Twitter’s largest shareholder. Poor arithmetic [...]
Think tank warns vape bans cause more harm than good April 14, 2022 Countries have been urged to avoid excessive regulation on e-cigarettes and vapes, with a new report suggesting that this could pose an even bigger risk to public health in the long run. In a paper published today, the Institute of Economic Affairs (IEA) argued that reduced-risk nicotine products like heated tobacco have facilitated steep declines [...]
Gove has signed a cladding deal – but it could kickstart a fight over affordable homes April 14, 2022 Political tensions enmeshed in the cladding crisis have raised their ugly heads again this week, as developers have come out and argued they won’t be able to build enough affordable homes if they’re made to pay even more for cladding remediation. Levelling Up Secretary Michael Gove has secured his first real win, with a deal [...]
City firms launch recruitment drive despite Brexit warnings April 14, 2022 City firms are scrambling to snap up the best talent in the financial services industry, suggesting the London jobs market has shaken off post-Brexit gloomy forecasts, reveals a closely watched survey published today. Banks, brokers and insurers in the Square Mile are recruiting for 73 per cent more roles in the first three months of [...]
If the FCA stays stuck in the past, London will lose capital to European competitors April 14, 2022 Sometimes, when things are not working fully, you have to start from the beginning. Perhaps it was this rationale driving Nikhil Rathi, chief executive of the Financial Conduct Authority, when he made several promises in the regulator’s “three year strategy” almost identical to those made by George Osborne in 2011 when the body was set [...]
Today’s youngsters have more reason than most to complain April 14, 2022 There are few generations who do not think their ancestors had it better; similarly few who think the next have it harder. Those under 35 or so, born in Britain, may have a more reasonable case than most. Many of them left school or graduated into the teeth of a global financial crisis, from which [...]
Wizz Air UK’s managing director: ‘We have not been affected by Covid-induced staff shortages’ April 14, 2022 Wizz Air UK has not been affected by the current wave of Covid infections that has forced other airlines to slash hundreds of flights, its managing director Marion Geoffroy said. “We haven’t seen an increase in the number of infected employees and we haven’t had to cancel any flights,” she told City A.M. “But we [...]
UK to set out immigration deal with Rwanda in Channel crossing crackdown April 13, 2022 Boris Johnson will tomorrow announce a “migration and economic development partnership” with Rwanda, with speculation rife this will see the UK send migrants found trying to cross the English Channel to the African nation. Johnson will make a speech in Kent tomorrow to announce a crackdown on illegal boat crossings, with the Prime Minister expected [...]
IMF plots launch of $45bn fund to rival China’s Belt and Road initiative April 13, 2022 The International Monetary Fund plans to mobilise $45bn of funding to help countries deal with long-term challenges such as Climate Change.
