Letters: An Israeli flavour of tech success August 3, 2022 [Re: UK in talks with Israel for post-Brexit trade deal as £34bn contract up for grabs, July 20] A new trade deal between Britain and Israel, focusing on the enormous potential in the latter’s services industry, will augment the UK’s booming tech scene through competition. The Israeli tech ecosystem, with over 6,000 active start-ups, is [...]
BP’s profits bonanza reignites windfall tax debate with energy bills set for painful spike this winter August 3, 2022 BP unveiled bumper profits powered by soaring oil and gas prices yesterday, as households brace for painfully high energy bills this winter.
UK to pay business bodies to seal global mutual recognition deals for City firms August 3, 2022 The UK government will pay business bodies to broker deals in foreign countries to allow City workers to more easily work overseas post-Brexit. The new Recognition Arrangements Grants Programme will see payments of up to £75,000 given to professional bodies and regulators, for industries such as accounting and legal services, to pursue mutual recognition of [...]
Can hydrogen boost the UK’s energy security? August 2, 2022 The Government’s supp;y security strategy gives a clear role for low-carbon hydrogen, but what role can it play in our energy sector?
Forbes eyes up a sale after Spac IPO snub August 2, 2022 Forbes has said it is exploring a sale just months after it pulled out of its special purpose acquisition company (SPAC) plans.
City growing more comfortable with idea of Labour govt, says ex-Tory minister August 2, 2022 The City is getting more comfortable with the idea of a Labour government as it reverts to a New Labour-like policy direction, according to former Tory minister Lord Jim O’Neill. O’Neill, a crossbench peer who is heading a review of start-up funding for Labour, told City A.M. that the party under Sir Keir Starmer has [...]
KPMG’s UAE business holds meeting with clients to restore confidence in firm August 2, 2022 The chief executive of KPMG’s business in the United Arab Emirates (UAE) has held a series of face-to-face meetings with key clients, in an effort to restore confidence in the accounting firm’s management, following reports a coup within the Emirati firm. Nader Haffer, chief executive of KPMG Lower Gulf, hosted the client meetings after partners [...]
G7 weighs up proposals to block transport of Russian oil supplies August 2, 2022 The G7 is considering plans to block the transporting of Russian oil unless it heeds a price cap, amid a supply crunch in Europe.
Self-proclaimed Bitcoin inventor Craig Wright awarded just £1 in damages after winning libel lawsuit August 2, 2022 A High Court judge has awarded an Australian cryptographer, Craig Wright –who claims to have invented Bitcoin – just £1 in damages, after the academic secured victory in a libel lawsuit against a YouTuber, who said he was lying about having invented the world’s most valuable cryptocurrency. The award comes after the academic – who claims [...]
London’s FTSE 100 tips into red despite BP and Shell’s best efforts August 2, 2022 Historic profits at oil giant BP nearly pushed London’s FTSE 100 into positive territory today. The capital’s premier index edged 0.06 per cent lower to 7,409.11 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped over one per cent to below 20,000 points. Oil [...]
