KKR founders Henry Kravis and George Roberts step down from the throne October 11, 2021 Private equity grandees Henry Kravis and George Roberts, who founded KKR in 1976, are stepping down as co-chief executives of their eponymous buyout firm. Succeeding them, Joe Bae and Scott Nuttall, who have both served as co-presidents for four years, have taken the helm. Both Kravis and Roberts will remain actively involved in the private [...]
TfL unveils designs for Covid-19 transport victims’ memorial October 11, 2021 Transport for London (TfL) has unveiled designs for a memorial to honour London’s transport workers who died from Covid-19. Set in Aldgate’s Braham Street, the memorial will feature a plaque paying tribute to the pandemic’s transport victims and will be surrounded by several benches and a cherry tree. TfL is expected to submit a planning [...]
Nobel Prize in economics awarded to three economists October 11, 2021 The 2021 Nobel Memorial Prize in Economics Science has been awarded to three economists for their innovative use of natural experiments to solve some of the field’s toughest problems. David Card, of the University of California, Berkeley, shared the prize with Joshua D. Angrist, of Massachusetts Institute of Technology, and Guido W. Imbens, of Stanford [...]
Is Bitcoin season here? October 11, 2021 Bitcoin is currently changing hands for just below $57k, within touching distance of recent all-time highs over $64k.
Energy crisis: Industry chiefs turn up heat on ministers to provide more support October 11, 2021 Heavy industry bosses have piled pressure on the government this morning to provide emergency cash to manufacturers struggling to cope with surging energy costs. Business secretary Kwasi Kwarteng yesterday said he was in talks with Treasury to provide emergency funding to heavy industry firms, however the claim was quickly slapped down by anonymous sources at [...]
Former Chancellor Philip Hammond joins crypto start up Copper October 11, 2021 Former Chancellor of the Exchequer, Philip Hammond, has taken the plunge into the crypto space and joined Copper as an adviser. Founded in 2018 Copper is a custodian and trading platform which caters to over 400 institutional clients, including banks. The company, which acts as an intermediary between its clients and exchanges helps institutions to [...]
Sadiq Khan: Making misogyny a hate crime could change police culture October 11, 2021 Making misogyny a hate crime could force a change of culture within police services and the criminal justice service, London mayor Sadiq Khan said this morning. It comes as a Freedom of Information Request revealed that at least 750 accusations of sexual misconduct were made against police officers across the UK between 2016 and 2020, [...]
Opinion-in-brief: Love the ocean? Put your money where your mouth is October 11, 2021 We may all love to be beside the seaside, as the old song claims, but we rarely recognise the oceans’ importance to our survival. They produce over half the planet’s oxygen and act as a huge carbon sink. Yet for decades, we have been continuously polluting them. We need to develop a sustainable blue economy [...]
Further oil price gains boosts FTSE 100 October 11, 2021 Further gains in oil prices boosted industrial stocks this morning, lifting the FTSE 100 into positive territory. The capital’s premier index was up 0.12 per cent to 7,104.27 points during the first couple of hours of trading. Industrials led the FTSE higher this morning, with oil megacaps BP and Royal Dutch Shell both climbing more [...]
The UK should ban domestic flights, says advocacy group October 11, 2021 British advocacy group Campaign for Better Transport is calling on the government to ban some domestic flights to reduce the amount of CO2 emissions produced domestically by aviation. If introduced, the ban would end several short-haul routes such as London to Manchester, London to Edinburgh and Birmingham to Glasgow. Travellers would be offered train tickets [...]
