European Central Bank leaves rates negative despite inflation hitting record high March 10, 2022 The European Central Bank left interest rates unchanged in negative territory today despite inflation on the Continent running at a record high. President Christine Lagarde and co kept borrowing costs at minus 0.5 per cent, where they have been for several years, sticking with its more dovish stance toward monetary policy. The ECB has been [...]
UK financial watchdog tells British firms to boost cybersecurity following Russia’s invasion of Ukraine March 10, 2022 The UK’s financial regulator has told British companies to strengthen their cybersecurity systems, amid fears Russia’s invasion of Ukraine may spark an increase in hacking. The Financial Conduct Authority (FCA) said firms should take measures to boost their resilience to cyber attacks and be wary of people sharing false information on social media. The comments [...]
Former Radio 1 DJ Mark Page gets 12 years in prison following ‘grotesque sexual abuse’ of children March 10, 2022 Former Radio 1 DJ Mark Page has been jailed for 12 years after arranging to have sex with vulnerable children in the Philippines. Page was convicted of four counts of arranging the commission of a child sex offence between 2016 and 2019. Two of his charges related to contact he had via webcam from his [...]
London-based Lendable tops £3.5bn valuation after fresh funding round March 10, 2022 London-based lending platform Lendable has announced a £210m funding injection today that pushes its valuation north of £3.5bn, as it looks to accelerate a push into new markets.
Aussie media firms have raked in £111m from Google and Facebook since law shake up March 10, 2022 A new report has revealed that Australian media firms have raked in A$200m (£111m) from Google and Facebook since last year’s regulatory crackdown that forced tech giants to negotiate payment terms.
Government workers union threatens ‘mass disruption’ to force Legal Ombudsman to recognise staffing crisis March 10, 2022 The UK’s sixth biggest union has threatened to launch a campaign of “mass disruption” to force the Legal Ombudsman to formally acknowledge its staffing issues, after more than a fifth of the government body’s staff left within a year. The threat comes after talks collapsed between staff at the Legal Ombudsman and the senior management [...]
Number 10 ‘open to sale’ of Chelsea – but Abramovich would see none of the cash March 10, 2022 The government is “open to the sale” of Chelsea Football Club, but no cash would go to newly sanctioned Russian oligarch Roman Abramovich. Boris Johnson’s spokesperson today said the Treasury would have to ultimately green light a potential sale of the club, but that “under no circumstances would any sale allow Roman Abramovich to profit [...]
Moscow orders airlines to hold leased planes hostage amid growing sanctions March 10, 2022 The Kremlin today threatened to impound the aircraft leased to Russian airlines, casting doubts over the fate of 780 planes worth a total of $10bn. According to a draft law proposed by the Russian transport ministry, carriers should be required to pay leases in rubles for the whole of 2022, de facto allowing them not [...]
Gas prices hit record levels this month reveals Office for National Statistics March 10, 2022 Gas prices soared 66 per cent in the week up to 6 March 2022 to record levels at 15.5p per kilowatt hour (kWH), according to the ONS.
DLA Piper elects M&A dealmaker Jon Hayes to replace company lifer Andrew Darwin as head of UK arm March 10, 2022 Anglo-American law giant DLA Piper has said M&A lawyer Jon Hayes will take over from DLA veteran Andrew Darwin as the head of DLA’s London partnership. DLA Piper said Hayes, who joined the firm from Linklaters in 2009, had been elected as co-chair of DLA Piper. Hayes will take over from longtime DLA partner Andrew [...]
