BP fined by Oil and Gas Authority over licence breach in the North Sea July 26, 2021 BP has been fined £50,000 by the Oil and Gas Authority (OGA) for breaching a licence condition in the North Sea. The OGA said that BP failed to report the progress and results of two extended well tests in the Vorlich field, and has also served it with a sanction notice. Having previously consented to [...]
Macron and Jill Biden fist bump as their basketball teams compete at Tokyo Olympics July 26, 2021 U.S. first lady Jill Biden and French President Emmanuel Macron watched their nations’ respective teams compete on the 3×3 basketball court during the sport’s Olympic debut in Tokyo this weekend, with the Americans pulling out an upset victory. Watch the full report.
Evening Read: Reimagining and simplifying the workforce after the pandemic July 26, 2021 It’s no surprise that some business leaders, as a result of the pandemic, are having to re-examine parts of their business and many crave new perspectives. Even when businesses try to return to work as usual’, the concept of a 9-5 job in an office will probably for many be a relic from a different [...]
Short sellers bail out: Bitcoin jumps 12 per cent to test recent peaks July 26, 2021 Cryptocurrencies popped to the top of recent ranges earlier today as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround. Watch the full report.
Putin warns the world: Russian navy may launch ‘unpreventable’ strike July 26, 2021 The Russian navy can detect any enemy and launch an “unpreventable strike” if needed, President Vladimir Putin has said, only a few weeks after a UK warship angered Moscow by passing the Crimea peninsula. Watch the full report.
Bitcoin surges as Amazon dips its crypto toe and Elon Musk mulls return July 26, 2021 When a simple job ad appears to spark resurgence in the value of Bitcoin, it shows how the crypto world is salivating for every nugget of news about the future use case for digital currencies. Although Amazon has scores of openings for blockchain specialists, it was the listing for a digital currency and blockchain product lead that has [...]
Cash holdings: UK corporates’ £109bn warchest increasingly a rival to private equity in M&A July 26, 2021 UK corporates have seen their aggregate net cash holdings rise from £20bn to £109bn since March 2020 and the start of the Covid pandemic, a jump of 500 per cent. The build up in cash balances has been so dramatic that UK corporates are increasingly seen as a serious rival to private equity funds in [...]
Scottish climber Rick Allen dies in avalanche on K2 July 26, 2021 Scottish climber Rick Allen has died in an avalanche on K2 as he attempted to take a new route to the summit. The Aberdeen-born mountaineer was attempting to climb the world’s second-highest mountain to raise money for the Partners Relief And Development charity. But the 68-year-old was killed when he was caught in an avalanche [...]
Johnson to shift focus to tackling crime after ‘pingdemic’ and Patel police row July 25, 2021 Boris Johnson will seek to shift the focus on to tackling crime when he re-emerges from isolation to counter criticism over the “pingdemic” and police anger at Home Secretary Priti Patel. The Prime Minister is expected to unveil his new “beating crime plan” on Tuesday after leaving quarantine at his Chequers country retreat following a [...]
Quarantine-free holidays for double-vaxxed holidaymakers fail to boost intent to travel July 25, 2021 Promises of quarantine-free travel for those who have received both their Covid-19 vaccinations has failed to boost holidaymaker confidence for a trip abroad this summer, according to new research shared with City A.M. this weekend. According to research by hotel booking platform hoo, back in January, 88 per cent of UK holidaymakers had no plans [...]