Google hit with new EU antitrust complaint as internet giant is accused of abusing market power June 27, 2022 A Danish online job-search rival has filed an antitrust complaint against Google with EU regulators, alleging the online search giant had allegedly used its market power to push its own service, Google for Jobs. Watch the full video report.
Lethal mix of inflation and interest rates cause value of IPOs to nosedive by staggering 90 per cent June 27, 2022 Businesses have endured challenging times recently, largely caused by external world events. Because of this, investor appetite has decreased for IPOs. In fact, rising inflation and interest rates have caused the value of initial public offerings in the US and Europe to fall by a staggering 90 per cent this year. Despite these obstacles 157 [...]
As thousands of tennis fans arrive at Wimbledon, here are the top talking points ahead of the 2022 championships June 27, 2022 Thousands of tennis fans have begun pouring through the gates at Wimbledon as it returns at full capacity for the first time in three years. The Met Office has warned the expected 42,000 supporters to brace for rain showers over SW19 in the early afternoon – just as the first Centre Court games are set [...]
High Street footfall nosedives by staggering 25 per cent with London commuters and foreign travellers not returning June 27, 2022 High street footfall fell 25 per cent in May, from the previous month, according to RSM UK’s analysis of the latest data from Datscha, published this morning. London continues to be hit by hybrid working with less workers commuting into the city, and international and business travel is still not back at full capacity. Whereas [...]
Croydon Tramlink staff to strike tomorrow and Wednesday in TfL dispute over pay June 27, 2022 The ASLEF union said this morning that its members on the Croydon Tramlink will strike on tomorrow and Wednesday this week in a dispute over pay. “With the RPI rate of inflation running at over 11 per cent, FirstGroup, the company which operates Tramlink on behalf of Transport for London, has offered tram drivers just [...]
Shock in fintech sector: City watchdog FCA launches tax evasion probe into billionaire founder of Wise June 27, 2022 The money transfer giant Wise revealed this morning that the FCA has launched a probe into its billionaire co-founder and chief executive over his status as a so-called deliberate tax defaulter. Wise said the Financial Conduct Authority (FCA) has launched an inquiry into Kristo Kaarmann’s “regulatory obligations and standards”. It comes after Kaarmann was named [...]
New internet law hands govt ‘unprecedented’ censorship powers that will curb free speech, think tank warns June 27, 2022 The Government is facing calls to “slim down” its new Online Safety Bill, which is currently making its way through Parliament, amid concerns over its impact on people’s freedoms and privacy, as well as innovation. The new internet legislation will hand ministers “unprecedented” censorship powers, with significant implications for free speech, new research warns. The [...]
Calls grow for City of London to drop plans to tear down historic Barbican buildings which include Museum of London June 27, 2022 The City of London Corporation is urged to reconsider an earlier decision to demolish historic buildings, including the Museum of London, in the capital’s Barbican area. A campaign has been launched. The City of London Corporation has submitted plans to demolish Bastion House and the Museum of London, replacing both with a 780,000 square feet [...]
Irritated Dominic Raab warns today’s barrister strike ‘only delays justice for victims’ as lawyer walkout begins June 27, 2022 Barristers are staging court walkouts for several days from today in a dispute over legal aid funding. They will also refuse to accept new cases and to carry out “return work” – stepping in and picking up court hearings and other work for colleagues whose cases are overrunning. Justice Secretary Dominic Raab said the barrister [...]
Fast-growing spectacles boutique Kirk & Kirk eyes UK-wide launch with chain of pop-up shops June 27, 2022 Kirk & Kirk – founded by husband and wife duo Jason and Karen Kirk 30 years ago – confirmed this morning it is planning to make its first “foray into retail” this autumn. The British eyewear designer favoured by celebrities including Robert Downey Jr revealed plans to launch a chain of pop-up shops after seeing [...]
