Bitcoin and Ethereum take a back seat as alt coins gate-crash the weekend parties October 31, 2022 It was a weekend where the major cryptocurrencies sat back and watched various altcoins take centre stage.
Bank of England, Home Office, MI5 and News Corp HQ targeted by Just Stop Oil vandalism October 31, 2022 The Bank of England was among London landmarks targeted by environment activists this morning, along with the Home Office, MI5 and headquarters of News Corp. Two Just Stop Oil demonstrators were arrested by City police outside the Bank of England, after the building was covered in orange paint. The City of London Police said the [...]
Ransomware conference hosted by White House to be attended by 35 countries and EU October 31, 2022 A ransomware conference with 35 countries, the European Union and some major tech firms will be hosted by the White House. The US President will convene the International Counter Ransomware Summit over two days, with it expected to be attended by security officials, including the FBI’s director and national security adviser. According to reports, a [...]
Explainer-in-brief: Why does Cop27 seem to be the party no one wants to go to? October 31, 2022 Rishi Sunak’s decision not to attend Cop27 was heavily criticised last week. The PM will be focusing on “other pressing domestic commitments”, according to Downing Street. The new environment secretary Therese Coffey and last year’s Cop26 president Alok Sharma will be attending the conference in Egypt. The news that Sunak won’t go came as a [...]
Twitter plans to charge users $20 for blue tick verification as Musk pushes for revenue growth October 31, 2022 Elon Musk is reportedly gearing up to introduce paid verification on Twitter in a bid to drive up revenue. According to initial reports from The Verge, Twitter is currently planning to charge $19.99 for the new Twitter Blue subscription, adding to the current optional premium offering it has. According to insiders and internal correspondence seen [...]
Tax authorities arrest eight people over alleged attacks on R&D incentives October 31, 2022 Tax authorities have arrested eight people over alleged “organised criminal attacks” on tax breaks for those carrying out research and development. The individuals are alleged to have set up more than 100 fake claims worth more than £16m, under the £7.4bn scheme which is designed to incentivize innovation by providing tax breaks for R&D, according [...]
Space is the limit! Science Group pens £17.5m deal for defence and energy specialists TP Group October 31, 2022 Space, defence and energy are the sectors the Science Group is pushing into with a fresh £17.5m acquisition. AIM-listed TP Group, which specialises in defence, space and energy consultancy, is set to be snapped up by the organisation for some 2.25p a share, representing a premium of 190 per cent. Both boards have agreed to [...]
Asda completes £611m swoop for Co-op’s petrol business October 31, 2022 Asda has completed a £600m deal to buy the Co-op’s petrol business Asda this morning. The deal includes 129 petrol forecourt sites, spread across the UK and represents five per cent of Co-op’s retail estate of 2,564 stores. Co-op said it would use the proceeds to reinvest in the convenience business and reduce net [...]
Collapse of landmark tax deal could result in trade wars, OECD tax chief warns October 31, 2022 The US and Europe risk reigniting trade wars and losing hundreds of billions in tax revenue if they fail to implement the major global tax deal agreed to last year, the OECD’s departing tax chief has warned. The landmark tax deal, which ensure major multinational corporations with annual revenues of more than €750m (£643m) are [...]
Awkward questions in Canary Wharf as HSBC accused of pumping ‘sustainable bonds’ into fossil fuels October 31, 2022 HSBC has allegedly pumped billions of dollars into fossil fuels, deforestation and air travel and labelled it “sustainable finance”. A new investigation investigation by the Bureau of Investigative Journalism and the BBC has suggested that at least $2.4bn of deals that the bank counts towards its sustainability goals were actually contributing to climate change. HSBC has committed [...]
