Law Society calls for ‘sustained investment’ in courts to cut worsening case backlog August 13, 2022 The Law Society has called on the government to make “sustained investment” in the UK’s court system after new data showed the case backlog has gotten worse over the previous quarter. The backlog of cases waiting to be heard in the England and Wales Crown Courts has increased from 58,540 in April to 58,973 in [...]
Five Chinese firms vow to delist from US markets amid long running audit dispute August 13, 2022 Five Chinese state-owned companies have said they will pull themselves off the New York stock exchange amid long-running clashes between Beijing and Washington over audit standards. The five Chinese firms have said they will delist from the Wall Street market after coming under scrutiny over US regulators claims they have failed to meet US audit [...]
Russian economy shrinks by four per cent due to impacts of Western sanctions August 13, 2022 The Russian is now four per cent smaller than it was a year ago, according to new figures from the country’s state statistics agency. Russia’s gross domestic product (GDP) for Q2 2022 equals a sum equivalent to 96 per cent the value of the country’s economy in Q2 2021, the preliminary Rosstat statistics show. The [...]
NDAs have earned a bad rap, but we can make them fair August 13, 2022 In the City, there are many legitimate reasons for confidentiality to exist. But too broad NDAs can create a dangerous culture of secrecy,
Morrisons, Tesco and Sainsbury’s suspend sales of disposable barbecues amid heatwave August 12, 2022 Morrisons, Tesco and Sainsbury’s are among a slew of household names to halt sales of disposable barbecues owing to warm weather concerns. There have been warnings about potential fires due to high temperatures this summer, as large swathes of the country have been categorised as drought status. Morrisons said in a statement on Friday: “In [...]
Property buyers invest in full portfolios over single purchases August 12, 2022 Property buyers are seeking value for money as they spend an average of £1.2m to buy property in bulk rather than as a single investment. Such property packages come with an average of 6.4 bedrooms, at £196,000 per bedroom. This offers an average yield of 2.9% on these ready-made portfolios, research by specialist property lender Octane Capital, [...]
Johnson & Johnson to discontinue talc-based baby powder August 12, 2022 Consumer health giant Johnson & Johnson will stop selling talc-based baby powder next year, after thousands of lawsuits. The company discontinued sales of the product in the US and Canada in 2020, after demand dropped in the wake of a slew of lawsuits. Some 38,000 lawsuits against the company have alleged that such products caused [...]
Exclusive: Whitehall frustration at Johnson’s October deadline for UK-India trade deal August 12, 2022 Whitehall officials have raised concerns about Boris Johnson’s October deadline for a UK-India trade deal, with suggestions the PM’s “freestyling” could mean a lighter agreement than originally hoped. Johnson and Indian Prime Minister Narendra Modi agreed during an April meeting that there would be a “trade deal by Diwali”, which is on 24 October this [...]
Convincing evidence that both crypto and traditional markets are aligned August 12, 2022 Jason Deane reflects on the current state of the world and how it has affected the cryptocurrency markets this week.
EP: 153 Newbury & Ripon August 12, 2022 Newbury is the venue for the feature races on the flat this Saturday, with the Group 2 Hungerford Stakes taking centre stage. Ripon also hosts an afternoon card where the 6-furlong Great St. Wilfrid handicap is the feature race. City AM Racing editor Bill Esdaile once again previews the best of this weekend’s racing action. [...]
