Software mogul John McAfee arrested on US tax evasion charges October 6, 2020 Controversial tech millionaire John McAfee has been arrested in Spain on US charges of tax evasion. The anti-virus mogul, who founded software company McAfee, allegedly failed to file tax returns despite earning millions from promoting cryptocurrencies, speaking engagements and selling the rights to his life story for a documentary. McAfee faces extradition to the US [...]
UK businesses borrowed more in one quarter than in whole of 2019 October 6, 2020 British businesses borrowed 50 per cent more in the second quarter of 2020 than in the whole of the previous year as the coronavirus crisis hammered the economy, new figures show. Businesses borrowed a total of £34.5bn in the three months to the end of June, according to a report by banking lobby group UK [...]
GSK antibody treatment trial to move onto next phase October 6, 2020 Glaxosmithkline’s trial of an experimental antibody to treat coronavirus will progress on to the next stage after initial use by volunteers did not raise any safety concerns. The pharmaceutical giant, along with partner Vir Biotechnology, started testing the treatment on early-stage Covid-19 patients in August, hoping to keep symptoms from progressing. The antibody is thought [...]
Tonik Energy latest supplier to cease trading October 6, 2020 Tonik Energy has become the latest household supplier to go bust, with 250 employees set to lose their jobs. The Birmingham-based company’s 130,000 customers will be protected by regulator Ofgem and passed on to a new supplier. Last week, Ofgem said seven small British energy suppliers, including Tonik, owe a total of £34m, urging them [...]
Swedish telecoms giant Telia sells international carrier business for $1bn October 6, 2020 Swedish telecoms group Telia Company today said it has agreed to sell its international carrier business to infrastructure firm Polhem Infra for 9.5bn Swedish krona ($1.1bn). Telia, which is led by British media veteran Allison Kirkby, said it has simultaneously entered into a long-term partnership with its carrier division to ensure continued network provision for [...]
Boris Johnson calls on the private sector to rebuild Britain after Covid October 6, 2020 Boris Johnson has vowed a complete post-Covid transformation of Britain that will be driven by the private sector and the free market. The Prime Minister’s Conservative party conference speech outlined the government’s vision of a new Britain by emphasising improved infrastructure, fixing the country’s housing shortage, investing in wind power and increasing skills for young [...]
In full: PM Boris Johnson’s Tory conference speech in full October 6, 2020 Boris Johnson took the stage Tuesday for the Tories’ virtual party conference, announcing policies on 1:1 teaching and low-deposit mortgages, but also promising to unleash the private sector. Here’s the text in full. Good morning conference, I want to begin by thanking you for everything you did at the election, pounding the streets in the [...]
EU removes Cayman Islands from ‘tax haven’ blacklist October 6, 2020 EU finance ministers have today removed the Cayman Islands from its ‘tax haven’ blacklist. The list was set up in the aftermath of media reports of complex tax schemes in 2017. The Caymans, a British oversea territory, was added in February this year. Oman was also removed from the list, with Barbados and Anguilla added [...]
Boris Johnson reveals plans to cut deposits in bid to boost home ownership October 6, 2020 The Prime Minister has announced plans to help millions of Britons onto the housing ladder by allowing home-hunters to buy a property with a smaller deposit. Speaking at the Conservative Party conference today Boris Johnson said he wants to turn “generation rent” into “generation buy” by reforming the UK’s planning system. The government is planning [...]
FTSE 100 slips after Donald Trump leaves hospital October 6, 2020 The FTSE 100 slipped and European markets struggled for direction as US President Donald Trump returned to the White House after being hospitalised with coronavirus. The blue-chip index started the morning with modest gains, edging 0.1 per cent higher in early trading. Yet it slipped into the red to stand 0.2 per cent lower shortly [...]
