Oil and gas decommissioning costs to hit nearly £17bn with 1.2m tonnes from North Sea to be removed November 23, 2021 With 1.2 million tonnes of disused oil and gas installations from the North Sea expected to be removed for reuse and recycling, UK oil and gas firms are being forecast to spend some £16.6bn on decommissioning work over the next decade. Industry body Oil and Gas UK (OGUK) said work in this area would be [...]
New cryptocurrency named ‘JRR Token’ blocked by lawyers for Lord of the Rings creator Tolkien November 23, 2021 Lawyers representing the estate of Lord of the Rings creator JRR Tolkien have taken action against the developer of a cryptocurrency named “JRR Token”. Representatives of the Tolkien estate said the product, which was launched in August 2021, infringed the trademark of the world-famous author. The domain name “jrrtoken.com” was successfully recovered without opposition by [...]
Across the Channel: French prime minister tests positive for Covid-19 as Coronavirus cases climb November 23, 2021 The office of France’s prime minister confirmed early this morning that he has tested positive for Covid-19, hours after returning from a visit to neighbouring Belgium and just as France is seeing a nationwide resurgence of infections. Jean Castex will adapt his schedule for the coming 10 days to continue his activities in isolation, his [...]
Downing Street signals it is prepared to tear up Northern Ireland’s Brexit deal November 23, 2021 Downing Street said late last night the UK government is prepared to consider tearing up elements of Northern Ireland’s Brexit deal, despite a Cabinet minister insisting the option would not be used before Christmas. Number 10 said there was no timetable for whether or not it would unilaterally use the powers under Article 16 of [...]
BBC in shock as British staff member is murdered in her hotel room in Kenya’s capital Nairobi November 23, 2021 The BBC said it is “shocked and saddened” by the death of Kate Mitchell, who had worked with the broadcaster for 14 years in Ethiopia, South Sudan, Zambia and London. Mitchell, a senior project manager at BBC Media Action, was killed in the Kenyan capital on November 19. The BBC described Mitchell as “positive, fun, [...]
Amazon’s merciless move to block Visa likely to lead to rapid uptake of… Amazon credit cards, which are issued by Mastercard November 22, 2021 Following the news that Amazon will no longer accept payments from UK-issued Visa credit cards, some industry insiders are convinced the e-commerce giant’s decision is a calculated move to drive the adoption of the company’s own payment cards, and will give a competitive advantage to Visa’s main rival, Mastercard. Last week, the online retailer confirmed that Visa credit [...]
Long Read: Europe’s growing Covid crisis pits vaccinated against unvaccinated November 22, 2021 With coronavirus infections spiking again across Europe despite nearly two years of restrictions, the health crisis is increasingly pitting citizen against citizen – the vaccinated against the unvaccinated. Instead of a Christmas where family and friends can once again embrace festivities and one another, the continent is the global epicentre of the Covid-19 pandemic as [...]
Record £3.2bn in private equity deals for sports teams as funds target football, rugby and F1 November 22, 2021 The last twelve months saw a record £3.2bn of sports team acquisitions by private equity funds, almost treble last year’s total, as they targeted football, rugby and Formula 1 teams, according to new data shared with City A.M. this afternoon. Last year saw an all-time high of 11 PE purchases of stakes in sports teams [...]
British Airways threatens to cut Heathrow flights if recovery-undermining airport charges don’t come down November 22, 2021 The boss of British Airways’ parent company warned today that the airline will cut Heathrow flights if proposed increases in charges are implemented, IAG chief executive Luis Gallego said the west London airport’s fees are already among the highest in the world and are becoming “more and more expensive”. In October, the Civil Aviation Authority [...]
Wiltshire take off: Nuclear fusion firm reveals it has launched UK’s first chemical rocket in Salisbury November 22, 2021 A newly developed high-power chemical rocket was launched in the heart of Wiltshire, UK nuclear fusion firm Pulsar Fusion has revealed. The Bletchley-based company launched the rocket from the Ministry of Defence’s military base in Salisbury and took place on November 17. The firm shared with City A.M. today that the launch contained the first [...]
