Taiwanese iPhone maker snaps up stake in China’s top chip firm amid geopolitical storm July 13, 2022 Taiwanese iPhone manufacturer Foxconn has reportedly bought a stake in China’s top chip maker, amid escalating geopolitical tensions between both nations. The deal, which will require approval from Taiwan’s investment commission, forms part of an effort to increase its chip shareholdings in recent months after demand soared during the pandemic. It comes as state-backed Tsinghua [...]
UKH Hacker Young sanctioned after Laura Ashley audits July 13, 2022 UKH Hacker Young has been “severely reprimanded” and slapped with a £350,000 fine by the accounting watchdog over its audit of Laura Ashley. The Financial Reporting Council has imposed serious sanctions on the firm for its audit of the fashion retailer for the 2018 and 2018 financial years. The retailer, which had 155 UK stores [...]
Union members at GWR, Greater Anglia and TransPennine endorse major network disruption as pay conflict blows up July 13, 2022 Almost 700 members of the union TSSA working at Great Western Railway (GWR), TransPennine and Greatter Anglia have voted in favour of industrial action. According to the union, which announced the ballot’s result today, members balloted voted in favour of both strike and action short of strike. But, due to current laws, only GWR workers [...]
Exchanges responsible for stolen crypto and legal documents can be served via NFTs, High Court rules July 13, 2022 Crypto exchanges will be responsible for stolen crypto on their platforms and legal documents can be served through NFTs, the High Court of England and Wales decided yesterday. Exchanges like Binance hold cryptocurrency as trustees and are responsible for stolen crypto on their exchanges, the court held. The court’s decision also means that victims of crypto [...]
Snap trials NFT filters as tech firm fights for Gen Z attention July 13, 2022 Snap may be on the verge of non-fungible token filters as the tech company continues to battle its rivals.
Ofgem demands suppliers refund customers overcharged on direct debits July 13, 2022 Ofgem has demanded six domestic energy supplies take action over customers' direct debits, including refunding overcharged energy users.
US inflation surge ‘nails on’ another Fed rate hike bazooka July 13, 2022 Prices are rising at the fastest pace in nearly 41 years in America, nailing on another huge rate rise by the US Federal Reserve larter this month. US inflation climbed to 9.1 per cent last month, smashing Wall Street’s expectations and up from an already historic level of 8.6 per cent, according to data published [...]
Airbus in talks with Delta over additional order July 13, 2022 Airbus is in talks with US airline Delta to add a dozen more A220 planes to an initial order for 95. The deal could be completed during next week’s Farnborough Airshow, even though the US carrier is still waiting for the delivery of 39 A220s, sources told Reuters. Delta – who sent shares tumbling today [...]
Twitter shares climb as investors back Elon Musk lawsuit over $44bn takeover July 13, 2022 Twitter’s shares climb over five per cent in early morning trading after news broke that the social media titan had officially sued Elon Musk to force him to follow through with his $44bn takeover. Last week the world’s richest man announced that he would be walking away from the mega deal, citing the Silicon Valley’s firm [...]
Exclusive: Labour eyes up reform to ‘prescriptive’ EU finance rules July 13, 2022 Shadow city minister Tulip Siddiq said she would look to overhaul “prescriptive” EU-era regulation in financial services today as the Labour party mounts an offensive to try and win over the City.
