UK space insurance industry grows by a quarter despite pandemic contraction April 13, 2022 The UK’s space insurance industry grew by quarter in the year the pandemic hit, drawing in some £20m into the more than £16bn sector, according to fresh analysis. Linklaters associate Nicholas Puschman told City A.M. that the growth was “not surprising given that London has a well-established history in underwriting space risks and responding to [...]
EU ports ask bloc for ‘clear list’ of banned Russian vessels April 13, 2022 European ports have asked Brussels for a “clear list” of Russian vessels that need to be banned following Moscow’s invasion of Ukraine. The European Sea Ports Organisation (ESPO) expressed its support for the EU’s latest round of sanctions against Russia but stressed the importance of having a clear and uniform approach to the boycott in [...]
Magistrates call for fewer online hearings after defendant tuned in while having a bath April 13, 2022 The rise of remote hearings in magistrates’ courts saw defendants tune into tribunals while having a bath, a new report from the Magistrates Association has said. The use of video calls during the pandemic saw some defendants show a “complete lack of respect” for the court, by appearing “half-naked” and treating the process like “social [...]
Chris Mason named new BBC Political Editor April 13, 2022 BBC Radio 4’s Any Questions? presenter Chris Mason has been announced as the BBC's new Political Editor.
Uber and Lyft U-turn following New York shooting surge charge April 13, 2022 Uber and Lyft face public backlash after prices surged during the New York subway shootings yesterday.
London lender Capital on Tap gets $200m backing for US push April 13, 2022 Small business lender Capital on Tap has bagged a $200m funding facility from HSBC and Värde Partners as it eyes a US growth spurt.
Graduates face 12 per cent interest rate on student loans April 13, 2022 Graduates could be weighed down by 12 per cent interest payments on student loans from September, fresh analysis has revealed.
Ex-DeepMind employee says AI firm sought to ‘salvage’ its reputation instead of dealing with complaints April 13, 2022 A former DeepMind employee has hit out at the Alphabet owned firm for seeking to “discredit” her in a bid to “salvage” its own reputation, after she accused the AI developer of mishandling multiple sexual misconduct complaints. In an open letter, the former DeepMind employee – referred to only as Julie – said the [...]
Is the yield curve signalling recession? April 13, 2022 The US “yield curve”, or part of it, has “inverted” once more. This bond market measure has been a reliable predictor of US recessions over the last four decades. With only one exception, each time the yield curve has inverted, the US economy has entered a downturn within 18 months. What is the yield curve? [...]
BlackRock profits soar as funds notch $114bn inflows April 13, 2022 Asset management giant BlackRock sailed past profit estimates today after investors poured cash into its index and active traded funds in the first three months of the year.
