G7 hits out at China for ‘fundamental erosion’ of Hong Kong democracy March 12, 2021 Foreign ministers representing the G7 group of countries have tonight expressed their “grave concern” over the Chinese government’s decision to “fundamentally erode” democracy in Hong Kong. In a statement issued by Dominic Raab, the foreign secretary, ministers said Chinese authorities were “determined to eliminate dissenting voices and opinions in Hong Kong”. Yesterday China’s parliament unanimously [...]
Farmers union slams free pass for EU imports as UK food exports face red-tape and higher costs March 12, 2021 Farmers union pleads for level playing field on EU imports as food exports face financial barriers
Binance chiefs respond to CFTC probe March 12, 2021 Bosses at under-fire Binance have spoken out over an announcement from the CFTC that the agency is investigating the cryptocurrency exchange.
Tesla shareholder sues Elon Musk over tweets March 12, 2021 A shareholder in electric car firm Tesla is suing outspoken boss Elon Musk, claiming that his tweets have exposed investors to billions in losses. The claim accuses Musk of breaking a settlement reached with the US Securities and Exchange Commission back in 2018. At that time, the regulator came down hard on the South Africa-born [...]
Astrazeneca calls on Biden to ship US-made Covid vaccine doses to the EU March 12, 2021 Astrazeneca calls on Biden to share US-made Covid vaccine doses to the EU
Markets: FTSE eeks out gains as UK’s GDP drops March 12, 2021 Markets: FTSE eeks out gains as UK's GDP falls
Richard Branson’s Virgin Orbit plots $3bn listing via Spac March 12, 2021 Billionaire Sir Richard Branson is continuing to pile into blank-cheque vehicles and is now seeking a public listing for his own satellite-launch company. Virgin Orbit has hired bankers to explore going public through a special purpose acquisition company (Spac) for up to $3bn, according to the Wall Street Journal. It has hired Credit Suisse and [...]
Now UK companies told to update security urgently after Microsoft hack in US hit 30,000 firms March 12, 2021 UK companies told to update security urgently after Microsoft hack in US hit 30,000 firms
Private equity giant Apollo pulls out of talks with Greensill Capital March 12, 2021 US private equity firm Apollo Global Management has ended talks to buy parts of Greensill Capital’s business. The beleaguered finance firm filed for insolvency earlier this week after Credit Suisse suspended redemptions on a $10bn suite of Greensill-linked funds. Greensill specialises in supply-chain finance which provides short-term credit to businesses. It bundles the debt and [...]
Sterling tumbles as bond yields climb again March 12, 2021 Sterling fell as much as 0.8 per cent against the dollar today as a fresh sell-off of US Treasury bonds pushed yields higher today. After trading above $1.40 overnight, cable dropped back today, and is now sitting just below $1.39. Despite the tumble, the pound is still set for a week of solid gains against [...]
