Heathrow calls on government to decarbonise aviation ahead of COP26 October 11, 2021 Heathrow has called on the government to “show real leadership” and commit to decarbonising aviation amid a fall in passenger numbers. The London-based airport was the busiest in Europe prior to the Covid-19 pandemic but has seen a sharp decline in passengers as a result of Covid related travel restrictions. The travel hub today revealed [...]
Apple pushes to delay court ruling forcing its hand on app store payments October 9, 2021 Apple is calling for a US judge to pause an order which would change app store rules as it appeals the latest judgement in an ongoing antitrust case. The Tech giant has been embroiled in a globe-spanning set of legal disputes with Epic Games, the creators of Fortnite, after it kicked the company off the [...]
Real estate group snaps up 12 Hilton hotels in deal valued at £555m October 9, 2021 London headquartered Henderson Park Capital has reportedly purchased a chain of Hilton hotels in a multi million pound deal. The real estate group will add 12 hotels to its portfolio complete with 2,400 rooms which span London, Edinburgh, Dublin, Bristol and Coventry. The property is valued at £555m according to the FT and Henderson Park [...]
Government plans green gas levy as consumers face soaring bills October 9, 2021 The government is reportedly mulling plans for a levy on gas bills to help fund low carbon heating even as Brits face record energy bills. In the next few weeks ministers are expected to unveil a carbon pricing scheme which will push up gas bills still higher according to The Times. A government spokesperson for [...]
PM appoints former Tesco boss Dave Lewis as supply chain adviser October 9, 2021 The government has appointed the former boss of Tesco, Sir Dave Lewis, to help fix supply chain issues which are leaving UK supermarket shelves bare. Lewis, who stepped down from the helm of the supermarket giant in September, will become the government’s supply chain adviser after it was revealed one in six adults have been [...]
Free Covid testing could be scrapped as Treasury looks to cut costs October 9, 2021 The government reportedly plans to scale back on free Covid testing amid concerns that the scheme costs the taxpayer billions of pounds. Discussions are underway in government over whether to scrap mass testing policies which allow people to attain free lateral flow and PCR tests the Telegraph first reported. France and Germany both announced that [...]
After Brexit comes Pexit? Poland ‘takes back control’ by placing national law first October 9, 2021 Fears of a Polexit have been stoked by a court ruling that decisions by the EU’s highest court are incompatible with the nation’s constitution. In a serious legal challenge to the EU’s authority the Polish court ruled that in certain cases the Court of Justice of the European Union “violates the principle of rule of [...]
Covid capital: Cases in UK now five times higher than in France, Germany and Spain October 9, 2021 The UK has become the Covid capital of Europe with daily case numbers soaring above 36,000 according to the latest government figures. Rates of infection in the UK are five times higher than neighbouring countries in Western Europe with only a handful of European countries, such as Romania and Serbia, registering worse infection levels. In [...]
Post-Brexit push: FCA to market London’s financial services sector abroad October 9, 2021 The Treasury plans to transform the role of financial regulators to make sure they promote the City’s global competitiveness. Last year the Treasury launched a consultation into how the role of financial regulators would need to adapt once the UK left the EU. With the Treasury now planning to respond to the report in autumn [...]
Stablecoin Tether pressured to reveal the location of its reserve funds October 8, 2021 Tether, a stablecoin pegged to the price of the US dollar, is facing scrutiny once again over the location of its reserve funds. Tether Holdings Inc issues one token for each dollar it receives. This means that trades made using USDT are supposedly backed by the companies’ dollar reserves – a quality which has made [...]
