BHP mulls selling its petroleum division and it could fetch $15bn August 16, 2021 BHP is mulling a merger which would offload the company’s petroleum division for as much as $15bn amid growing environmental pressure. Today, the mining giant said it had “initiated a strategic review” of its multi-billion dollar Petroleum business to “re-assess its position and long-term strategic fit in the BHP portfolio.” The statement confirmed that a merger [...]
Low wind speeds deflate Orsted’s earnings August 13, 2021 The world’s leading offshore wind provider has warned that its profits for 2021 have been buffeted by low wind speeds The UK’s coastline is normally a prime location for wind speeds, particularly in the North Sea where Orsted has most of its wind turbines. However, in April, May and June wind speeds were the worst recorded [...]
Samsung boss released from jail on parole in ‘national interest’ August 13, 2021 Samsung’s boss has been released from prison on parole with a government spokesperson claiming his release was taken in the ‘national interest.’ Lee Jae-yong was convicted for bribery and corruption in Seoul High Court on January 2021 which sentenced him to 30 months in jail. He has been released after just 207 days, a year [...]
Poly Network offers hacker behind biggest ever DeFi attack $500k reward August 13, 2021 Poly Network has offered a reward of $500k to a hacker who returned funds stolen in a $600m (£460m) attack earlier this week. In messages encoded in transactions on the blockchain, Poly Network thanked the hacker for returning the majority of the funds and offered them a bug bounty for identifying a flaw in the [...]
Gunman killed five before turning gun on himself in Plymouth shooting August 13, 2021 A gunman and five victims have died in a mass shooting that took place in the Keyham area of Plymouth last night. Devon and Cornwall Police released a statement confirming that two females and the three males, including the suspected gunman, had died at the scene. Another female, treated at the scene for gunshot wounds, [...]
Jamie Spears will step down as Britney’s conservator August 13, 2021 The end of Britney Spears’ long-fought conservatorship is in sight after her father agreed to step down as conservator “when the time is right.” In a court filing, Jamie Spears’ legal team wrote: “Mr. Spears is willing to step down when the time is right, but the transition needs to be orderly and include a [...]
Airbnb publishes record results with revenue up 300 per cent year on year August 13, 2021 Airbnb has reported record intake for Q2 of 2021 with revenue beating pre-pandemic levels as vaccination programmes boost travel. The company achieved $13.4bn in gross booking value – up 320 per cent compared to the same period a year ago and up 37 per cent compared to 2019. Revenue for Q2 hit $1.3bn a rise [...]
Deputy leader of council resigns as Marble Arch Mound costs hit £6m August 13, 2021 The Deputy leader of Westminster Council has resigned after costs for the Marble Arch Mound reached £6m – almost double the amount forecast. The Mound, which opened on July 26th, was heavily criticised by visitors who were charged to climb the 25-meter, muddy heap before construction was finished. Ticket holders have received refunds and the [...]
Foreign Affairs Committee Chair slams Western pullout from Afghanistan August 13, 2021 The chairman of the Foreign Affairs Select Committee, who served in Afghanistan, has heavily criticised the decision to pull out troops. In a series of emotional tweets conservative MP Tom Tugendhat said: “If you think I’m taking the news from Afghanistan badly and personally, you’re right.” “The decision to withdraw is like a rug pulled [...]
London compared: How hard has your borough been hit by Covid-19? August 6, 2021 Almost three weeks after the majority of restrictions were lifted in the UK on “Freedom Day”, City AM analysis has revealed which London boroughs suffered the most Covid deaths during the last year of the pandemic. From the onset of the pandemic in March 2020 to when the UK’s third lockdown began to wind down [...]
