Twitter faces major outage as users get locked out of accounts July 14, 2022 Thousands are reporting an outage on Twitter, with users being locked out of accounts. According to stats collected by DownDetector, issues first began to appear at around 12.55pm on July 14. The site showed that 50 per cent of users were experiencing problems, while 42 per cent are having trouble with the app. Users were [...]
Drivers at eight rail operators across UK to halt work and strike on July 30 July 14, 2022 Train drivers at eight rail companies will strike on July 30 in a dispute over pay, their union Aslef announced. The strike – which marks the train drivers’ first national walkout since 1995 – comes on the heels of RMT members at Network Rail and 14 other operators walking out on 27 July after they [...]
Stock market volatility stems profit slide at Morgan Stanley July 14, 2022 Strong trading activity driven by investors navigating choppy financial markets stemmed a profit slide at Wall Street investment bank Morgan Stanley, the firm announced today. A five per cent jump in equity net income in the three months to June compared to the same period a year ago kept the bank’s bottom line in reasonable [...]
Tory leadership race: UK retail titan Lord Stuart Rose backs Rishi Sunak July 14, 2022 The Conservative party should choose Rishi Sunak as its next leader as he has a “big brain” and understands “the need for us to get our economy back on track”, according to Asda chair Lord Stuart Rose. Rose – who was previously chief executive at Argos, Marks & Spencer and the Arcadia Group – said [...]
Return of loan loss reserves crimp JP Morgan profits July 14, 2022 Swelling reserves set aside to deal with a historic inflation surge raising the risk of US consumers defaulting on their debts has eroded investment banking giant JP Morgan’s profits, the firm announced today. Net income dropped 28 per cent in the second quarter compared to the same period last year, driven by a $428m (£360m) [...]
Ericsson confirm US authorities are still investigating possible ISIS payments as firm posts mixed bag results July 14, 2022 Ericsson confirmed that US authorities are still investigating possible payments to Islamic State (ISIS) by the company in Iraq. Posting half year results this morning, President and CEO of Ericsson Börje Ekholm said: “We continue to engage with the Department of Justice and the Securities and Exchange Commission in relation to the 2019 Iraq investigation [...]
Emirates accuses Heathrow of being ‘cavalier’ after refusing to comply with cap July 14, 2022 Gulf carrier Emirates has accused Heathrow’s management of being “cavalier”, after refusing to comply with the hub’s passenger cap. The airline described Heathrow’s request to cut daily departing passengers to 100,000 as “unreasonable and unacceptable,” blaming airport executives for showing “blatant disregard for consumers.” On top of operating flights as scheduled, the Dubai carrier added [...]
Upper Crust owner posts elevated sales as passengers face lengthy airport queues July 14, 2022 Upper Crust and Ritazza sites saw quarterly sales elevated as passengers flocked back to railway stations and airports. Travel food operator SSP said on Thursday its revenue had recovered to 87 per cent of 2019 levels for the third quarter, including a benefit from price hikes. It accredited the sales boost to an ongoing recovery [...]
Tory leadership contest: Mordaunt faces rival attacks as Truss battles to keep pace July 14, 2022 New Tory leadership favourite Penny Mordaunt has faced increased attacks by opposition camps this morning as foreign secretary Liz Truss battles to keep pace in the contest. Former senior minister Lord David Frost this morning said Mordaunt was not up to the job of Prime Minister, while also revealing that he asked Boris Johnson last [...]
Barclays on the hunt for Chinese banking partner to enter $4.3tn asset management market July 14, 2022 Barclays is on the hunt for a Chinese Banking partner as it looks to grow its footprint into the Chinese asset management market, according to reports today.
