Fortnite maker Epic hits £24.2bn valuation as Sony continues gaming push April 11, 2022 Fortnite maker Epic Games raised a further $2bn (£1.5bn) this afternoon, valuing it at a whopping $31.5bn (£24.2bn). The round included investment from existing investor Sony Group as well as KIRKBI, the family-owned holding and investment company behind The LEGO Group, with each party investing $1bn respectively. Sony’s ongoing push with Epic Games may be [...]
Chip shortages to remain into 2023, says BMW boss April 11, 2022 The shortage of semiconductors that plagued the automotive industry over the last two years is expected to remain well into 2023, said BMW boss Oliver Zipse today. “We are still in the height of the chip shortage,” he told German newspaper Neue Zuercher Zeitung. “I expect us to start seeing improvements at the latest next [...]
State pension hike comes into force but savers set to feel the squeeze of inflation April 11, 2022 State pension payments have been hiked 3.1 per cent from today but savers are set to feel the squeeze as inflation outpaces the rise in payouts.
EU pushes OPEC to boost oil output as bloc weighs up ban on Russian supplies April 11, 2022 European Union (EU) officials will hold talks with OPEC representatives today in Vienna, amid growing calls for the cartel to boost supplies.
Shares in Asia focused companies dip as Chinese inflation soars April 11, 2022 Shares in London listed companies with Asia focused businesses dropped today after Chinese government data showed outbreaks of Covid and the war in Ukraine had caused inflation in China to soar. The dips come after figures from China’s National Bureau of Statistics (NBS) showed factory gate prices are up 8.3 per cent compared to [...]
Labour calls on PM to confirm no other ministers have ever been a non-dom April 11, 2022 Labour has called on Boris Johnson to confirm none of his other ministers have ever had non-domiciled tax status or are making use of tax loopholes in the wake of revelations about Rishi Sunak’s family. Labour leader Sir Keir Starmer today said the Prime Minister “needs to bring this saga to a close and confirm that [...]
British-built Bizzarrini 5300 GT Corsa Revival takes to the road April 11, 2022 The first new Bizzarrini 5300 GT Revival has undergone final endurance testing. Only 24 examples of the Italian sports car will be made.
Government refuses to disclose eight ‘Golden visa’ oligarchs in UK April 11, 2022 The government has refused to name eight sanctioned oligarchs who bought so-called ‘golden visas’ to live in the UK, under a now scrapped scheme. Priti Patel has been urged to reveal the identities of the individuals and publish a report on the programme, which was shelved in February as Russia invaded Ukraine. The ‘tier one [...]
Ali Harbi Ali found guilty of murdering Sir David Amess April 11, 2022 A 26-year-old man labelled a "fanatical terrorist" has been found guilty of murdering the MP Sir David Amess.
EU Commission adds 21 Russian airlines to banned list April 11, 2022 The European Commission announced today it has added a further 21 Russian airlines to the list of carriers prevented from operating in the bloc. According to the body, the carriers do not meet international safety standards as they are operating domestically without the valid documentation. “The Russian Federal Air Transport Agency has allowed Russian airlines [...]
