The Big-Bang 2.0 fails to make City rules fit for an era of crypto and email not Telex July 28, 2022 THE Financial Services and Markets Bill 2022, introduced last week, failed to usher in the “Big Bang 2.0” of financial services regulation we were promised. It is true that many of the initiatives contained within the bill are sensible, welcome, and necessary – but they are nowhere near as radical as what is required to [...]
Letters: You can’t always be everything July 28, 2022 [Re: A recession will tempt firms into short-term cuts, July 6 ] Mass job losses continue to take place across the tech industry. While it’s easy to blame external factors, such as the lasting impact of the Covid-19 pandemic, macroeconomic challenges and a difficult fundraising environment, an important strategic factor has been largely ignored – [...]
Augmented reality set to give Formula E racegoers a taste of Saudi’s natural wonder July 28, 2022 Formula E, the global all-electric racing championship, will land at the ExCel Centre this weekend, but it won’t just be the sleek lines of the racing cars that attract racegoers’ attention. Saudia, the Saudi Arabian airline, will host an ‘augmented reality’ zone that promises to take attendees to the Kingdom via ‘underwater’ tours of the [...]
Law Commission proposes crypto reforms and suggests recognising it as new form of property July 28, 2022 The Law Commission of England and Wales today published new proposals to reform the law around crypto and suggested recognising them as a new, distinct form of property known as “data objects.” The Commission highlighted the increasing importance of crypto and its numerous uses as it considered the principles of private law and private [...]
Law Commission proposes major legal reforms for crypto July 28, 2022 The Law Commission of England and Wales today published new proposals to reform the law around crypto and suggested recognising them as a new, distinct form of property known as “data objects.” The Commission highlighted the increasing importance of crypto and its numerous uses as it considered the principles of private law and private [...]
Car industry downgrades yearly output forecast amid semiconductor issues and Ukraine war July 28, 2022 The UK automotive industry has downgraded its production forecast for the year as global chip shortages and the war in Ukraine’s impact continue to bite. The Society of Motor Manufacturers and Traders (SMMT) told journalists today production will grow by 1 per cent. This means that 866,000 cars will be built by the end of [...]
Energy supplies will be tight this winter, warns National Grid’s system operator July 28, 2022 The UK's electricity supply could be tight at times this winter but there should be sufficient supplies to meet demand revealed NGESO.
January Blues: Brits face painful spike in energy bills as Kremlin puts West under pressure July 27, 2022 UK households are set to be hit by energy prices as high as £500 a month in the new year, according to new analysis.
Equinor hands out a further $3bn to shareholders as high gas prices power bumper profits July 27, 2022 Equinor is returning an additional $3bn to shareholders, with the Norwegian energy giant enjoying second-quarter profits above expectations.
Trade unions challenge government’s strike breaking law July 27, 2022 A COALITION of trade unions have launched a legal challenge against the government, over claims its new law, allowing companies to bring in agency workers as strikebreakers, breaches the European Convention of Human Rights (ECHR) and violates the UK’s Brexit trade deal. The challenge comes after the government last week overturned laws forbidding companies from hiring angency [...]
