Government to invest £232m in 2024 Olympic and Paralympic athletes August 16, 2021 The government has announced it will provide £232m to support Olympic and Paralympic athletes ahead of the Paris Games in 2024. The elite sporting agency UK Sport will be given £77.4m per year, a rise of 44 per cent compared to funding provided ahead of the Tokyo Games. The money will be used to fund [...]
Willis Towers Watson names investment head Carl Hess as next CEO August 16, 2021 Insurance giant Willis Towers Watson today named company insider Carl Hess as its next CEO and president, three weeks after the collapse of its planned $30bn (£22.9bn) mega-merger with rival Aon. Hess, who currently heads up the firm’s investment, risk and reinsurance segment, will step into current CEO John Haley’s shoes immediately upon his retirement [...]
Nyck de Vries wins Formula E drivers’ championship August 16, 2021 Mercedes-EQ driver Nyck de Vries won his maiden Formula E world championship on Sunday after finishing eighth in the final race in Berlin. De Vries benefited from three of his rivals failing to finish: Jaguar driver Mitch Evans experienced a technical failure on the grid, Rokit Venturi’s Edoardo crashed into him and later British driver [...]
Cobham and Ultra Electronics reach £2.6bn deal with UK jobs guarantee to assuage ministers August 16, 2021 The boards of Cobham and Ultra Electronics have agreed terms of a £2.6bn takeover deal, that caused national security concerns for Business Secretary Kwasi Kwarteng last month. Cobham said the board at defence and engineering firm Ultra had backed backed the 3,500p per share that values it at £2.57bn. Shares in Ultra jumped out of [...]
Clipper Logistics offers 200 new jobs after John Lewis contract win August 16, 2021 Clipper Logistics today said it has signed a new contract with John Lewis which promises to create 200 new jobs. Clipper said it will provide additional e-commerce and store replenishment services to the UK department store chain from its new distribution centre. The Leeds-based company, which provides value-added logistics solutions, e-fulfilment and returns management services [...]
Convicted Libor rigger unable to open a bank account after prison term August 16, 2021 Tom Hayes, who was convicted for rigging Libor interest rates, has said he cannot get paid after seven banks have barred him from opening an account. The former City trader was found to have acted dishonestly in trying to risk the benchmark interest rate while at UBS and Citigroup between August 2006 and September 2010. [...]
HSBC buy Axa’s Singapore operations in bid to boost Asia fee income August 16, 2021 HSBC has agreed to acquire Axa’s Singapore operations in a bid to boost its fee incomes in the Asia market. HSBC said in a statement that the combined unit comprising HSBC Life Singapore and Axa Singapore would be the seventh-largest life insurer and the fourth-largest retail health insurer in Singapore. HSBC currently ranks 10th in [...]
The spy case in Berlin is a reminder that money will always be the greatest temptation and weapon August 16, 2021 Spying almost always makes headlines whenever it hoves into public view. There is something inherently fascinating about the idea of nations engaged in cloak and dagger operations against one another, trying to find a weak point they can exploit for their own advantage. All the more so when an intelligence service employs dramatic tactics like [...]
Cardano takes the third spot by market cap – Solana has breakout soaring 42% in last 24hrs August 16, 2021 Cardano leads the charge as the total market cap of all cryptocurrencies returns above $2 trillion.
Boris Johnson to chair Cobra meeting today as UK tries to get nationals out of Afghanistan August 16, 2021 Boris Johnson will hold a Cobra meeting at 12.30pm today as the government tries to get thousands of UK nationals and foreign visa holders out of Afghanistan. Number 10 said the current focus was on getting hundreds of people out of Kabul each day as the security situation becomes more dangerous in the Afghani capital. [...]
