Frozen Russian assets should act as ‘wake up call’ for UK government, campaigners say November 10, 2022 The billions in Russian assets frozen by UK authorities since the start of the war in Ukraine should act as a “wake up call” to the British government, to ensure it never allows a “kleptocratic regime” access to the country’s economy again, campaigners have said. The record £18.39bn in assets frozen by the UK’s [...]
Sam Bankman-Fried: ‘I clearly failed, and I’m sorry’ November 10, 2022 Sam Bankman-Fried - CEO of collapsed cryptocurrency exchange FTX - has offered a profuse apology for the spectacular failure of his company.
Musk sends remaining Twitter staff back to office November 10, 2022 Elon Musk has ordered all Twitter staff back into the office, ending an era of remote working for the social media firm. The new chief exec told employees in an email late on Wednesday that they would need to prepare for “difficult times ahead”, according to reports from Bloomberg. Musk had already made his views [...]
AstraZeneca boss urges UK government to invest in medicines of the future November 10, 2022 The chief of AstraZeneca has urged the UK government to invest in the medicines of the future, as the regulatory environment for pharma in the US grows tougher. With the UK’s upcoming budget, CEO Pascal Soriot called on the government to protect the funding for innovative treatments as the long-term outlook for the healthcare industry [...]
‘Greening’ investor portfolios has done little to slash emissions, UBS warns November 10, 2022 The “greening” of investors’ portfolios has had little impact on the actual decarbonising of the economy, investment bank UBS warned today, as it called for a significant acceleration of financial efforts to tackle environmental collapse.
Exclusive: Premier Foods inks long-term partnership with food poverty charity FareShare November 10, 2022 One of the country’s biggest food manufacturers has said it has agreed to join forces with charity FareShare, to tackle hunger and food waste. Premier Foods has inked a five year partnership to provide food directly to FareShare, which will then redistribute the donations to almost 9,500 charities and community groups in its network. The [...]
Forbes in ‘exclusive discussions’ with potential buyer after IPO flop November 10, 2022 Forbes said it has entered into “exclusive discussions” with an investor consortium as it gears up to sell the media firm. Although the value of the deal is not known, the consortium is made up of family offices and global investors. “We have entered into exclusive discussions with an interested buyer for Forbes, which is a [...]
BP oil trader loses employment lawsuit after being stripped of whistleblowing protection November 10, 2022 A BP oil trader has lost an employment lawsuit against the firm after a tribunal ruled he was not entitled to whistle-blower protections. Jonathan Zarembok, who was fired from his job after flagging concerns about potential bribes being paid to Nigerian middlemen, claimed he was forced out unfairly. He raised concerns about “abnormally large” fee [...]
Bumble tumbles as it misses Wall Street estimates November 10, 2022 Shares in the Bumble tumbled last night after the dating app’s third quarter results fell below Wall Street expectations. Although total revenue increased 16.8 per cent to $232.6m, compared to $199.1m, the dating group failed to rally momentum behind its other apps, including Badoo and Fruitz. The Badoo app and other revenue dropped 10.2 per [...]
Train drivers at 12 operating firms to strike on 26 November November 10, 2022 Train drivers at 12 operating firms including the London Overground will strike on 26 November. The industrial action was announced by Aslef union members in a long-running dispute over pay. This comes as London tube workers walked out today bringing the London Underground to a grinding halt. ASLEF members at 12 companies will walk out [...]
