Volodymyr Zelensky pays tribute to Boris Johnson as he receives Churchill Award July 26, 2022 Volodymyr Zelensky has praised Boris Johnson’s role in helping Ukraine in its war against Russia as he received a Sir Winston Churchill Leadership Award in a Downing Street ceremony. Zelensky said that Ukraine was “not left alone” when Russia invaded its neighbour on 24 February and told Johnson that “this award is yours as well”. [...]
EU finalises compromise deal to cut gas usage ahead of winter July 26, 2022 EU member states have settled on a diluted emergency plan to curb gas demand this winter in case Russia turns off the taps this winter.
UK sinks to bottom of G7 growth league amid global economic downturn July 26, 2022 The global economy could be hurtling toward one of the sharpest slowdowns in recent memory, with the UK plummeting to the bottom of the G7 growth league, the International Monetary Fund (IMF) warned today. A full shut off of Russian gas flows to Europe and more upside inflation shocks would plunge growth into among the [...]
Tube workers to strike on 19 August over pensions and salaries July 26, 2022 Members of the union RMT working for London Underground have announced they will walk out on 19 August in a dispute over jobs and pensions. The union said the walk out – the latest straw in the UK’s “summer of discontent” – was prompted by TfL’s refusal to share the details of the government’s long-term [...]
Exclusive: Yü Group’s boss warns against over-regulating energy market at expense of innovators July 26, 2022 Reforms to the energy sector risk reverting the market back to only a few big suppliers, warned Yü Group boss Bobby Kalar.
Shares in UPS dip despite posting an unexpected profit July 26, 2022 Delivery giant United Parcel Service (UPS) defied expectations today, posting a more upbeat quarterly profit. The company warned back in April that it expected volumes to shrink in the first of the year as the pandemic momentum slows and more and more people return to the high-street. However, thanks to prioritisation of more expensive shippings [...]
District, Bakerloo, Elizabeth lines and Overground to be disrupted by tomorrow’s rail strike July 26, 2022 London tube services are set to be impacted by tomorrow’s rail strike – the first of a three-day walk out called by the union RMT over job cuts and salaries. Transport for London (TfL) warned commuters to check before they travel as services on the District, Bakerloo, Elizabeth lines as well as the London Overground [...]
Staff cuts in crime agencies would ‘completely undermine’ UK’s fight against oligarchs, campaigners warn July 26, 2022 Campaigners have called on the UK government to rule out plans to slash headcounts in the enforcement agencies tasked with fighting economic crime, after warning any cuts would “completely undermine” Britain’s bid to crack down on the kleptocrats, criminals, and oligarchs that seek to launder dirty money in the UK. UK government plans to cut [...]
Alibaba eyes Hong Kong primary listing as US audit row continues July 26, 2022 Alibaba is seeking a primary listing in Hong Kong as the e-commerce giant attempts to lure in more mainland Chinese investors.
Tesla’s Bitcoin holdings lead to £141.5m impairment charge and £53.3m profit July 26, 2022 Tesla had an impairment charge of $170m (£141.5m) on the carrying value of its Bitcoin holdings, while making a $64m (£53.3m) profit from selling the cryptocurrency in the first half of 2022, the company reported. In a filing with the Securities and Exchange Commission on Monday, the electric automaker said that it must recognise impairment [...]
