Lilly executive accused of rewriting documents to downplay issues at Covid drug plant May 5, 2021 Eli Lilly & Co employees have accused a factory executive of changing documents required by government regulators to downplay serious quality control problems. The accusations are alleged to have happened at the drug maker’s US plant which produces Covid-19 treatment, according to an internal complaint. The unsigned report, reviewed by Reuters after being filed through [...]
Liberty Steel appoints new restructuring committee as firm seals deal for Australian steelworks May 5, 2021 Sanjeev Gupta’s Liberty Steel has today announced that it will set up a restructuring committee made up of four new directors in a bid to refinance the group after the collapse of Greensill in March. In a statement, the firm, which is a subsidiary of the tycoon’s GFG Alliance, said that the new execs would [...]
High street decline May 5, 2021 With high streets in turmoil and recovery slow, high street graveyards are becoming a common sight across the UK. The past 12 months have not been easy for the vast majority of companies, in particular for those without an online platform. However, the struggle of the high street is not a new problem. Rewind a few years [...]
Mayor of London election: Where do the major candidates stand on the Covid recovery? May 5, 2021 With the 6 May mayor of London election just one day away, City A.M. is producing a four-piece series on where the four leading candidates stand on different issues. Today, we look at Covid recovery policies from the candidates from Labour, the Conservatives, the Green Party and the Liberal Democrats. Sadiq Khan The incumbent mayor [...]
Three-quarters of new FRC panel members being ex-Big Four causes interest concerns May 5, 2021 The majority of individuals recently recruited to the FRC’s advisory panel have at some point worked for a Big Four firm, raising concerns about their objectivity when it comes to making recommendations that are in the public interest. The Financial Reporting Council (FRC) recently announced 19 new appointments to its advisory panel, a body established [...]
Donald Trump’s Facebook ban upheld by oversight board May 5, 2021 Facebook’s oversight board has upheld the ban of former US President Donald Trump but said the indefinite suspension was wrong. In a much-awaited verdict, the oversight board said it upheld Facebook’s decision but said it was “not appropriate… to impose the indeterminate and standardless penalty of indefinite suspension.” “Facebook’s normal penalties include removing the violating [...]
Ethereum ‘yet to take off’ and is on track for $5,200 soon, say experts May 5, 2021 Ethereum’s startling run through $3,000 and above is far from over and could see Bitcoin’s main rival surpass $5,000 before long, according to expert analysts.
It’s time to give Scotland and Wales a dose of financial reality and rethink the Barnett formula May 5, 2021 Subsidies continue to flow from the English taxpayer to the devolved nations of the UK. Boris Johnson is reportedly considering a further massive programme of infrastructure spending to convince the Scots of the benefits of being in the Union. The so-called Barnett formula, put together in the 1970s, already ensures that Scotland always gets more [...]
Drinking around the world: Tasmania is a winemaker to watch May 5, 2021 You have probably never considered stocking up on wine from either Swansea or St Helens. Both are on Tasmania’s Great Eastern Wine Trail, one of four in Australia’s island state. Tassie, the “Apple Isle”, is also home to the Tamar Valley wine road, the East Coast route and the Cradle Coast region, which boasts Ghost [...]
Stockpile key battery metals to avoid ‘looming mismatch’, governments warned May 5, 2021 Governments around the world should consider strategically stockpiling metals critical for energy transition technologies to avoid the “looming mismatch” between their climate intentions and the availability of such materials. A new report by the International Energy Agency (IEA) today said that countries should act now to shore up supplies of metals such as nickel, lithium, [...]
