Joe Biden confirms that he will attend Cop26 in Glasgow next month October 14, 2021 Joe Biden will attend the Cop26 climate summit in Glasgow later this month, it has been confirmed. The President’s attendance was confirmed by the US’ Chargé d’affaires to the UK Philip Reeker, who said “the gathering in Glasgow will be a pivotal moment on the road towards a more secure, prosperous, and sustainable future for [...]
Post-Brexit accounting body to face first major test over insurance sector October 14, 2021 The UK Endorsement Board, which oversees accounting rules, is preparing to come to heads with insurers in the first major test of the new body, according to reports. The UK Endorsement Board (UKEB) was formed in direct response to Britain’s exit from the European Union, which forced the country to manage and endorse international accounting [...]
Marshall Motor buys rival Motorline for £64.5m October 14, 2021 Marshall Motor has bought rival Motorline for £64.5m, signalling new partnerships with car brands. The automotive retail group said it had also separately acquired a related freehold property for £2.9m and has the option to acquire two additional strategic freehold properties for £24.9m. The net assets on acquisition of Motortline – which represents ten brands [...]
Microsoft to shut down local version of LinkedIn in China October 14, 2021 Microsoft will shut down the version of its jobs social media platform LinkedIn operating in China. The exit comes nearly seven years after LinkedIn’s launch in the country, with Microsoft intending to replace it with a stripped-down version of the platform that would focus only on jobs. LinkedIn is the last major US social media [...]
UK must be willing to drop environmental standards to close trade deals, says leaked government email October 14, 2021 The government should be willing to water down its environmental standards to persuade other countries to sign trade deals, according to a leaked email circulating around the Department for International Trade. The letter, which was sent to around 120 civil servants across Whitehall this week, said the government should allow other countries to include products [...]
Labour is a ‘low tax party’, claims senior shadow minster October 14, 2021 Labour is now the UK’s “low tax party” after a series of tax hikes by the government, according to shadow health secretary Jonathan Ashworth. Ashworth said that Rishi Sunak’s They’ve just put up tax, haven’t they, just imposed a tax rise on everybody and yet they don’t seem to have given a fair allocation of [...]
Chancellor plays down hope of loans to struggling businesses October 14, 2021 Chancellor Rishi Sunak has dampened yesterday’s hopes that the government will rescue struggling businesses facing soaring energy prices. Without going into specifics, he said that he believes in a market economy and that it is “not the government’s job to come in and start managing the price of every individual product.” His comments to Sky [...]
Crypto overtaking world’s most valuable company, proves doubters are wrong October 14, 2021 Crypto AM columnist Nigel Green points to five reasons why the Bitcoin bashers have got it wrong about cryptocurrency.
US Tech start-ups raise $500bn in a year amid IPO boom October 14, 2021 Tech start-ups have raised a record $582.5bn from US IPOs this year amid a wave of listings according to data from PitchBook. Start-ups that completed initial public offerings, direct listings or deals with special purpose acquisition companies raised $513.6bn in the year ending September 2021 according to data first published in the FT. A total [...]
Exclusive: UK set to keep EU cap on bankers’ bonuses post-Brexit October 14, 2021 The UK is set to keep the EU’s cap on bankers’ bonuses, with the Treasury instead focussed on a range of other measures to shake up financial services regulation post-Brexit. Treasury sources say the measure is not even being discussed by chancellor Rishi Sunak and that it will not be scrapped any time soon. The [...]
