Letter to Dorries: Campaigners warn Online Safety Bill amendment risks becoming ‘disinformation laundromat’ July 11, 2022 Dozens of campaigners and academics have written to the Culture Secretary Nadine Dorries to warn that the Online Safety Bill could make the UK the world’s first "disinformation laundromat", where malicious actors receive legal protections to spread hate and lies.
Railway ticket office and platform staff vote to back strike action at Southeastern and Network Rail July 11, 2022 Ticket office and railway platform staff working for Southeastern and Network Rail have voted in favour of industrial action, in ballots by the TSSA union. According to the union, which announced the ballot’s result today, 73.9 per cent of Southeastern members balloted voted in favour of walking out while 85.1 per cent said yes to [...]
UK windfall tax reprieve helps FTSE 100 pare back morning losses July 11, 2022 Recession fears initially gripped London markets today, but traders perked up during the afternoon session to leave the capital’s main index unchanged. The FTSE 100 was largely flat, closing at 7,196.59 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.4 per cent to [...]
The era of steady growth and inflation is over, BlackRock warns July 11, 2022 The world’s biggest asset manager BlackRock said today the era of steady growth and inflation was over as it revealed it had slashed its exposure to developed market equities and was bracing for extended period inflation and volatility.
Poundtoken launches as the first fully-backed GBP stablecoin regulated in the British Isles July 11, 2022 Blackfridge has launched poundtoken - the first British-regulated stablecoin fully backed 1:1 by pound sterling (GBP).
Number 10 says Johnson will not announce windfall tax on electricity July 11, 2022 Downing Street today said Boris Johnson will not extend the government’s energy windfall tax to electricity producers. There was speculation when the 25 per cent tax on North Sea oil and gas was announced in May that it would include electricity generators, including on wind farms and other green energy producers, however Boris Johnson’s official [...]
Terra Luna crash shows need for ‘non-negotiables’ in crypto regulation, says FCA official July 11, 2022 The Terra Luna crash this year caused investors to lose significant amounts of money and shows why “non-negotiables” in crypto regulation are needed, the FCA said. “When we look at the Terra Luna collapse, (the harm caused by it) is some people’s life savings,” said Richard Fox, Director of International at the FCA, at a [...]
Bitcoin more likely to fall to $10,000 than rise to $30,000, survey July 11, 2022 The price of Bitcoin is more likely to drop to $10,000 than jump to $30,000. The biggest cryptocurrency will probably cut its current value of $20,372 by about half rather than surge, according to 60% of the 950 investors who responded to the latest MLIV Pulse survey, Bloomberg reported. The rest saw it climbing back. [...]
Train drivers at eight railway firms vote in favour of industrial action July 11, 2022 Train drivers will join the wave of industrial action that has brought the country to a standstill as members of the union Aslef at eight operators have voted in favour of industrial action. No dates have been announced yet, but if it were to go ahead, the industrial action will hit services on Chiltern, GWR, LNER, [...]
Binance served Iranian crypto clients despite US sanctions, company ban July 11, 2022 Binance processed trades by clients in Iran despite sanctions by the US ban and ban by the company on doing business in the county. The US imposed sanctions on Iran in 2018 with Binance banning business in the country the same year, but the world’d biggest crypto exchange ignored this and still served Iranian crypto [...]
