Matt Hancock on getaway in Swiss Alps with lover Gina Coladangelo September 2, 2021 The former Health Secretary, Matt Hancock, has been spotted on holiday in a Swiss ski resort with his girlfriend Gina Coladangelo. Hancock resigned in June after footage was leaked which showed him breaking social distancing rules by kissing and groping ex-aide Coladangelo in the workplace. His exit sparked a cabinet reshuffle which saw him replaced [...]
Watch live: HS2 rebellion activists scale the Marsh insurer building September 2, 2021 Activists from an Extinction Rebellion offshoot group have today scaled a building in London to protest against HS2. Police could be seen circling the Marsh insurer’s building in London as HS2 Rebellion protestors scaled and occupied the exterior. A Marsh and McLennan owned company, JLT Speciality Group, is the main insurer for the HS2 project, [...]
Binance CEO announces timeline for public listing September 2, 2021 The CEO of Binance, the world’s largest crypto exchange by trading volume, has announced a possible roadmap for an Initial Public Offering. CEO Changpeng Zhao said “Binance.US is just going to do what Coinbase did” announcing plans to list the company on an exchange in the next three to five years depending on market conditions. [...]
Apple relaxes controversial App Store rules amid regulatory scrutiny September 2, 2021 Apple has agreed to make modest changes to relax its App Store rules after facing heat from regulators worldwide. The change will allow developers of “reader” apps to link to external sites for payments to avoid paying Apple’s controversial fees for in-app purchases, as high as 30 per cent. The changes, due to come into [...]
Ex-chancellor Philip Hammond accused of lobbying the Treasury by watchdog September 2, 2021 A parliamentary committee has judged that former chancellor Phillip Hammond, breached lobbying rules. The Advisory Committee on Business Appointments (ACOBA) claims that by contacting a senior Treasury secretary on behalf of a bank he works for Lord Hammond broke committee guidance. Hammond defended the action in a letter to committee chair Lord Eric Pickles. He [...]
Tripped up: Competition watchdog to block JD Sports merger with Footasylum September 2, 2021 JD Sports is “perplexed” and “disappointed” after the CMA announced a preliminary decision to block its planned purchase of Footasylum following an appeal. Kip Meek, chair of the group conducting the inquiry, said the deal “would see Footasylum bought by its closest competitor,” which could lead to a worse shopping experience for customers facing higher [...]
US intervention in tech deals a “dangerous trend,” says Chinese state media September 2, 2021 Chinese state media called the US attempts to block cross-border acquisitions of tech companies a “red flag” for the global tech sector. The Global Times, a state-backed media outlet, said that efforts to thwart the purchase of a Korean tech firm by a Chinese company “represents a dangerous trend for the whole industry.” The article [...]
Babcock sells off helicopter business for £10m September 1, 2021 Babcock, the British defence and engineering business, has sold off its helicopter operations branch for £10m after purchasing it for £1.6bn in 2014. The Group’s Aviation sector, which is being purchased by CHC group, provides offshore oil and gas crew transportation services in the UK, Denmark and Australia. Babcock said that its divestment from oil [...]
Extinction Rebellion cause traffic delays at Trafalgar Square September 1, 2021 Transport for London warned of disruptions to traffic after roads leading to Trafalgar Square were blocked in both directions by Extinction Rebellion protestors. Earlier this afternoon roads were closed as XR activists attended rallies to mark the tenth consecutive day of demonstrations. Key roads were blocked as the protestors made their way from Parliament Square [...]
Britons save £7bn in July amid covid money worries September 1, 2021 Britons saved £7bn in July as concerns over Covid-19 and the pingdemic prompted people to hide away their cash. The jump in savings caused total funds deposited in bank accounts since the since the start of the pandemic to rise to almost £230bn, according to the Bank of England. A spokesperson for Hargreaves Lansdown, the [...]
