Shipping sector’s growth to slow down due to global economic woes November 29, 2022 The shipping sector’s growth is set to slow down next year as global economic and geopolitical woes impact trading. According to research published today by UN agency UNCTAD, the industry’s expected growth will slump to 1.4 per cent this year – 1.8 per cent down on 2021 levels. While for the wider 2023-2027 period, trade [...]
UK to buy out China General Nuclear’s share of Sizewell C nuclear plant November 29, 2022 The UK government will pay £100m to a Chinese state-owned firm to buy out their share in the Sizewell C nuclear plant. The taxpayer buyout of China General Nuclear’s (CGN) 20 per cent share will mean the UK government and French state-owned EDF will take a 50-50 equity split for the Suffolk nuclear plant. It will [...]
Germany backs Qatar to meet energy needs with mega LNG deal November 29, 2022 Germany is gambling on Qatari gas supplies to meet its energy needs, as it shifts from Russian pipelined gas, with a long term LNG deal.
Musk dumps Twitter’s Covid disinformation policy November 29, 2022 Elon Musk has abandoned Twitter’s Covid disinformation policy in a grand push for free speech. “Effective November 23, 2022, Twitter is no longer enforcing the Covid-19 misleading information policy,” a notice on its website reads. The new owner of the social media firm axed the former “Covid-19 misleading information policy” page, outlining rules surrounding Covid [...]
Crypto AM Awards: And the winners are… November 29, 2022 Some of the finest people and businesses in cryptocurrency and blockchain were honoured at the Crypto AM Summit and Awards 2022.
Lewd comments to female staff behind resignation of Inchcape’s boss November 29, 2022 Inchcape’s chief financial officer Gijsbert de Zoeten has reportedly quit after making lewd comments to female staff at a company event last week. Sources told the Sun his remarks were “the sort of behaviour that 20 years ago would have been brushed off but not today, and not from somebody in his position.” The incident [...]
BlockFi sues Bankman-Fried in bid to scoop up Robinhood stake November 29, 2022 Crypto lender BlockFi, which yesterday filed for bankruptcy, is suing the founder of collapsed crypto exchange FTX in a bid to claim Robinhood shares which were allegedly pledged as collateral, according to reports.
Arctic miner GreenX to pocket £740m in damages from Polish government November 29, 2022 Arctic miner GreenX Metals is set to pocket £737m in damages from the Polish government, following a hearing in London over the past two weeks. The London-listed company, which mines for metals critical for the green transition, had sued Poland for profits lost in relation to two projects, Jan Karski and Debiensko, based in the [...]
The role of VC investors in FTX – too big to fake? November 29, 2022 CMS Law's Charlie Kerrigan picks through the levels of disbelief that FTX were able to hoover up VC cash without anyone smelling a rat.
Bitcoin on the up as mood lighting over crypto markets is switched to green November 29, 2022 Bitcoin is trading up 1.85% over 24 hours and up by 4.85% in the last week, while Ethereum has added 3.9% to yesterday’s price.
