Crypto industry recovery fund tops $2 billion as investor allocations grow November 28, 2022 Data from CryptoCompare shows that the price of Bitcoin started last week around the $16,000 mark and quickly plunged to $15,500.
Supermarkets ‘implored’ to lower forecourt fuel prices after steady wholesale drop November 28, 2022 Motoring group the RAC has urged supermarkets for not lowering prices in forecourts despite wholesale fuel going down in price. The car-owners’ organisation appealed to the big four – Tesco, Sainsbury’s, Morrisons and Asda to make consumers’ lives easier amid the cost of living crisis. In new figures released, the RAC showed wholesale fuel prices [...]
Barclays chief ‘Venkat’ to undergo cancer treatment in New York November 28, 2022 The head of Barclays has been diagnosed with Non-Hodgkin Lymphoma, but doctors have said his “condition is curable,” he announced today. In a statement just after the market open yesterday, C.S. Venkatakrishnan, known as “Venkat” said the illness “has been detected early” and that his “prognosis is excellent”. He will continue to run the bank. [...]
Credit Suisse shares dive as stability concerns spread November 28, 2022 Shares in embattled Swiss lender Credit Suisse plunged beyond eight per cent today as fears over the banks' stability spread in the wake of a profit warning last week.
Onshore wind set for revival as backbench pressure weighs on Government November 28, 2022 The seven year de-facto ban on new onshore wind projects could finally be lifted, after Grant Shapps hinted at a possible U-turn.
Coinbase doubles down on Europe expansion amid ‘most challenging’ period in crypto November 28, 2022 Crypto exchange Coinbase has appointed five new executives to its top team in Europe today as it doubles down on expansion amid one of the “most challenging” periods in the history of the market.
Aircraft orders take off globally in positive sign to aviation recovery November 28, 2022 The number of aircraft ordered has risen globally in what can be seen as a positive sign to the aviation industry’s post-Covid recovery. Data published today by aerospace trade body ADS shows that October orders jumped to 299 aircraft – the biggest since 2019. While orders for the last 10 months were the largest since [...]
Semiconductor industry’s grip on globe to loosen next year in economic downturn November 28, 2022 The semiconductor sector is bracing for slipping demand next year, as the grip the industry had on consumer and industrial-facing businesses loosens. Global revenue generated by computer chips, crucial bits of tech used in most of today’s electronics, is expected to fall 3.6 per cent in 2023, according to tech research and consulting giant Gartner. [...]
Birketts strikes merger deal with Batchelors Solicitors amid forecasts of upcoming M&A boom November 28, 2022 UK law firm Birketts has struck a deal to merge with its London rival Batchelors Solicitors amid forecasts of a surge in consolidation in the UK’s legal sector. The deal will see the two firms join forces in a merger that is set to combine their long-standing social housing practices to create a market-leading team. [...]
Number 10 hits out at China for ‘shocking and unacceptable’ arrest of BBC journalist November 28, 2022 The arrest of a BBC journalist by Chinese authorities in Shanghai has been branded as “shocking and “unacceptable” by Number 10. Rishi Sunak’s official spokesman today said that “journalists must be able to do their jobs without fear or intimidation” and that the Foreign Office is making inquiries. BBC journalist Ed Lawrence was beaten and [...]
