Cutting edge tech rarely sits still, so why is ESG slowing things down? November 2, 2022 Dr Chris Kacher turns his attention to energy consumption in world economics and what effect ESG is having on progress.
UK looks at workers’ rights concessions in Qatar and Saudi trade talks November 2, 2022 The UK may demand a commitment to improvements in workers’ rights from Saudi Arabia and Qatar as a part of trade negotiations, according to the UK’s Middle East trade boss. Simon Penney yesterday told City A.M. that “the ambition is there in Gulf countries” to improve workers’ rights amid claims that thousands of people have died [...]
Court blocks ‘Essex boys’ traders’ bid to overturn City watchdog’s decision November 2, 2022 A group of oil traders, dubbed the “Essex boys,” who made $700m (£614m) from the collapse in oil prices that saw crude trade negatively at the start of Covid-19, have failed in their bid to overturn a decision by the UK’s financial watchdog to assist US authorities. Traders linked to oil brokerage Vega Capital London [...]
Ben Wallace denies he threatened to quit over defence spending pledges November 2, 2022 Ben Wallace has denied claims he would resign if not given a vastly larger defence budget as he appeared to row back on Liz Truss’ previous target. The defence secretary told a Westminster committee that Truss’ promise to spend 3 per cent of UK GDP on defence by 2030 was only “an aspiration”. The Ministry [...]
Apollo snapped up $1.1bn from UK pension funds in cash scramble November 2, 2022 Apollo Global revealed it bought over $1bn of assets from distressed UK pension funds as they scrambled to raise cash in the near-meltdown sparked by Liz Truss’s tax-cutting mini-budget.
London’s FTSE 100 drops as miners dig themselves into a hole November 2, 2022 London’s FTSE 100 closed the day lower today after it was pulled by investors ditching UK mining giants. The capital’s premier index fell 0.58 per cent to 7,144.14 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.12 per cent to 18,217.75 points. Mining [...]
Drax open to tougher checks on wood imports, confirms sustainability head November 2, 2022 Drax Group would be prepared to do a carbon analysis of its wood imports for its biomass facilities amid claims of
Tiktok’s new privacy update confirms staff across the world access your data November 2, 2022 TIKTOK told European users that their data can be accessed by employees in China, adding to the privacy concerns. The video sharing platform is updating its privacy policy to confirm that staff across the world can access user data. This means European user data could be accessed from China, Brazil, Canada, Israel, the US and [...]
Healey by Caton review: Blast from the past November 2, 2022 The Healey by Caton reimagines the classic Austin-Healey 100, adding bespoke styling, more power and uprated suspension. Tim Pitt drives it.
Revolut rolls out chat feature in ‘super app’ push November 2, 2022 Revolut has ramped up its efforts to reach ‘super app’ status today as it rolls out an instant messaging feature to allow users to communicate in the app.
