Government warns that it will ‘take control’ of TfL unless bailout demands met October 20, 2020 The government has warned Sadiq Khan that it will take the management of Transport for London (TfL) into its own hands if the Mayor does not accept its demands as part of a new bailout deal. In return for a second rescue package, transport secretary Grant Shapps has set out a number of demands including [...]
G’day UK: Australia trade deal set to increase freedom of movement downunder October 20, 2020 Britons are in line to soon have greater opportunities to live and work in Australia, with trade deal talks between the two nations placing freedom of movement at the fore of negotiations. A source close to international trade secretary Liz Truss has told City A.M. that a UK-Australia trade deal will likely allow young Australians [...]
UK airports losing £83m a week due to coronavirus October 20, 2020 The UK’s airports are losing £83m a week as a result of the coronavirus crisis, the Airport Operators Association (AOA) revealed this evening. Air travel has been decimated by the pandemic, with the collapse of passenger revenues on course to set the sector back £4.3bn this year. However, the trade body said that the real [...]
Greater Manchester to move into Tier 3 from Friday October 20, 2020 Greater Manchester will move into Tier 3 restrictions from midnight on Thursday night, Boris Johnson has announced. The city will receive an extra £22m of financial support after talks between central and local government fell apart. Mayor Andy Burnham described the offer as “brutal”. “This is no way to run the country in a national [...]
Saudi crown prince sued over murder of Jamal Khashoggi October 20, 2020 The fiancee of Jamal Khashoggi and a US human rights group have filed a lawsuit against Saudi crown prince Mohammed bin Salman over the journalist’s murder in 2018. The lawsuit, filed in Washington D.C., alleges that Khashoggi was tortured, murdered and dismembered on the orders of prince Mohammed. The crown prince is named alongside more [...]
Google hits back at ‘deeply flawed’ US Justice Department lawsuit October 20, 2020 Google has hit back at a major antitrust lawsuit filed by the US Justice Department, branding it “deeply flawed” and warning that consumers would be negatively affected if the government wins its case. US officials today filed a lawsuit against the tech giant accusing it of breaking the law by using its market power to [...]
Whatever your skin colour, you deserve the opportunity to make it as an entrepreneur October 20, 2020 There are some statistics that make you stop in your tracks. This should be one. Despite investing more time and more money into starting a business and having higher levels of education, black entrepreneurs have consistently worse outcomes than their white counterparts. Whether you look at turnover, profit, or meeting their business aspirations, black entrepreneurs [...]
FTSE 100 closes higher after upbeat UK earnings October 20, 2020 The FTSE 100 recovered from an early fall to close in the green after a day of positive quarterly earnings, although residual fears over coronavirus and new restrictions remain. London’s blue-chip index fell 0.3 per cent but crept back through the day to close up by the same margin at 5,899 points. The FTSE 250 [...]
Andy Burnham turns down £60m in Tier 3 funding for Manchester October 20, 2020 Greater Manchester mayor Andy Burnham has refused the government’s offer of £60m in return for accepting new draconian Tier 3 Covid restrictions. Burnham told a press conference today that he asked for £100m in extra funding originally, but was willing to accept as little as £65m. Downing Street would not budge from its £60m figure [...]
Netflix earnings: Is the streamer’s pandemic party coming to an end? October 20, 2020 Netflix will be in the spotlight after the bell this evening as it publishes its earnings for the third quarter. The streaming giant has had a bumper 2020 so far as millions of people have turned to home entertainment during the coronavirus pandemic. But as competition from rivals heats up and the impact of halted [...]
