Russia anxiously awaits Navalny’s fate as life hangs in the balance April 20, 2021 Tension is building in Russia after jailed Kremlin critic Alexei Navalny was transferred to a prison hospital amid concerns that he is dangerously ill following a three-week hunger strike. Navalny’s transfer came after his doctors warned at the weekend that he was in danger of a heart attack or kidney failure. The Russian opposition leader’s [...]
Prince William and Harry begin to rebuild bridges, an insider says April 20, 2021 Following last month’s televised interview between Harry, Meghan and Oprah Winfrey, it has been reported that William and Harry have begun rebuilding bridges. The controversial interview, mirroring that of their mother Diana’s BBC Panorama interview in 1995, caused rifts between royal followers and family members alike. However, with Harry back in the UK for [...]
Four keys to better decision making – Daniel Kahneman April 20, 2021 CFA Institute has transformed its annual conference for 2021, with a binge-worthy digital format and an exciting slate of speakers. Join us for the Alpha Summit on 18 May 2021. Daniel Kahneman delivered a captivating mini seminar on some of the key ideas that have driven his scholarship, exploring intuition, expertise, bias, noise, how optimism and overconfidence influence [...]
BA looks set to recover from pandemic, so why are its 40-something pilots giving up their gold-plated pensions? April 20, 2021 In turbulent times, when the future of a company is being called into question, it is not uncommon for staff to transfer out of their employer’s defined benefit (DB) pension scheme, if they have one. Although seen as “gold-plated”, some DB scheme members worry about their scheme falling to the pension lifeboat fund, and that [...]
Sold: Esken sells stake in Stobart Air for £2 April 20, 2021 Aviation and energy group Esken has sold its stake in Irish flight operator Stobart Air for £2 this morning to avoid the company collapsing. A buyback sale of £1 for aircraft leasing company Propius was initially tabled by Esken in April 2020 when the pandemic sprung into full force in the UK. The buyback was [...]
Primark owner restores dividend as high street stores reopen April 20, 2021 The owner of Primark today said it would restore its dividend and pay back furlough money as it issued an upbeat outlook following the reopening of retail stores. Associated British Foods (ABF) halted its payout last year due to the outbreak of Covid-19, which sparked an almost £1.5bn hit to its first-half Primark sales. The [...]
FCA chief: Financial promotion rules must apply online April 20, 2021 The head of the City regulator has called on the Government to provide more protection for consumers online in the face of an increasing number of risky investment offers. Speaking at UK fintech week, Nikhil Rathi reiterated the need for financial promotion rules to apply to both digital and more traditional media. “In a low [...]
Amazon executive in conflict of interest row over UK space role April 20, 2021 A senior Amazon executive is said to be in the running for a role as government space adviser despite concerns over serious conflicts of interest. Peter Marquez, head of space policy at Amazon, has been put forward to serve as a temporary, unpaid adviser to the government. He would take up the position alongside his [...]
Chinese police arrest two BP venture staff in fuel trade probe April 20, 2021 Chinese police have arrested two senior staff members of a BP joint venture, in connection with an investigation into suspected illicit fuel trading. The detentions, along with several more arrests in Guangdong, came after the province launched an investigation into suspected illicit trading of light cycle oil (LCO) between 2018 and 2020. The Guandong police, [...]
Tesco slapped with £7.56m fine for selling out-of-date food April 20, 2021 Tesco was slapped with a £7.56m fine for selling out of date food at three of its stores by a Birmingham judge on Monday. The judge at Birmingham Magistrates’ Court also ordered the supermarket giant to pay a victim surcharge of £170, alongside the prosecution costs of £95,500, Birmingham City Council said. The penalty was handed [...]
