Sunak to crack down on Covid support fraudsters with new taskforce February 27, 2021 A new fraud taskforce to crack down on people who have exploited the government’s Covid-19 support schemes will be unveiled at next week’s Budget. The Treasury has announced that it will put £100m into a new Taxpayer Protection Taskforce to investigate those who fraudulently made use schemes such as furlough and the Self Employment Income Support [...]
Carbon capture: Here’s what you need to know about the Elon Musk-backed tech February 27, 2021 Elon Musk is nothing if not divisive. But if there’s one thing about the world’s richest man that people tend to agree on, it’s that he’s good at picking winners. So when the Tesla and SpaceX founder announced – via tweet, naturally – that he would contribute $100m to the best carbon capture and storage [...]
Cyber criminals seek to cash in on Covid vaccines after fraudulent adverts pop up February 26, 2021 Cyber criminals seek to cash in on Covid vaccines after 100 fraudulent adverts discovered
US governors urge Biden to pressure semiconductor firms on global shortage of automotive chips February 26, 2021 A bipartisan group of eight governors from U.S. automotive states urged President Joe Biden today to do more to press semiconductor firms to address a global shortage of automotive chips that has cut some vehicle production. Governors of Michigan, Indiana, Ohio, Kentucky, Kansas, South Carolina, Alabama and Missouri co-wrote a letter to Biden asking him [...]
US to maintain Trump decree aimed at limiting China tech deals February 26, 2021 The Biden administration plans to maintain new rules that were introduced by former President Trump take effect despite US business objections, according to the Wall Street Journal this evening. The rules focus on technology mergers and acquisitions. The rule, initially proposed in November, will allow the US Commerce Department to ban technology-related business deals that it [...]
Pandemic leads to surge in online gambling at home February 26, 2021 Gambling Commission finds Increases in last few months to online gambling
Britain seeks G7 consensus on big tech company dominance February 26, 2021 Britain is seeking to build a consensus among G7 nations on how to stop large technology companies exploiting their dominance. Following Facebook’s row with Australia, Britain is seeking a consensus among the G7 nations that will “bridge the gap between what [tech companies] say they do and what happens in practice,” digital minister Oliver Dowden [...]
PM says remote working won’t be the new normal February 26, 2021 PM Boris Johnson said Britain is not facing a new age of remote working. In a video message today Johnson said British people would be “consumed again” by wanting to meet people in person once the economy reopens, and that this would have clear benefits for business. He added people will be commuting to city [...]
US distances itself from Saudi Arabia as White House mulls arms restrictions, Khashoggi sanctions February 26, 2021 The Biden administration is recalibrating its relationship with Saudi Arabia, one of the United States’ closest allies in the Middle East. A State Department official reportedly told congress earlier today that it will be announcing new sanctions on Saudi Arabia in response to the killing of Saudi journalist Jamal Khashoggi. The Biden administration also declassified [...]
UK bonds suffer biggest monthly fall in years February 26, 2021 UK bond prices recorded their sharpest fall in years this month, as investors bet on a rebound in growth and possibly inflation. The fall comes just days before the budget, in which Chancellor Rishi Sunak will set out his economics plans for the UK. The month’s sharp declines largely reflect a global sell-off led by [...]
