Fox posts mixed bag results as it announces Tampa Bay Buccaneers star Tom Brady as new sports pundit May 10, 2022 Media giant Fox posted humble growth this afternoon, with total revenue of $3.46bn (£2.81bn) for the third quarter, up seven per cent from last year's figures.
Musk says he’ll welcome Trump back to Twitter after calling ban ‘morally wrong’ May 10, 2022 Elon Musk has said he will lift the Twitter ban on Donald Trump after his $44bn takeover closes, calling the ban "morally wrong and flat-out stupid".
US Federal Reserve achieving soft landing will be challenging but doable May 10, 2022 Hiking interest rates to tame a 40-year high inflation spike without throwing the US economy off course will be difficult, but doable, a top stateside rate setter said today. “The ongoing pandemic and war in Ukraine bring a tremendous amount of complexity and uncertainty” to the trajectory of prices, John Williams, president of the New [...]
Government vows to ‘drive dirty money’ out of the UK economy through new Economic Crime bill May 10, 2022 The UK government has vowed crack down on “kleptocrats, criminals, and terrorists” by driving “dirty money” out of the UK economy through its new Economic Crime Bill. The new bill is set to boost transparency, strengthen powers to seize and recover crypto assets, and bolster the investigative powers held by Companies House. Anti-corruption campaigners [...]
Pfizer coughs up $11.6bn for migraine treatment maker Biohaven May 10, 2022 Covid vaccine maker Pfizer has said it will cough up $11.6bn to acquire pharma firm Biohaven. Pfizer is snapping up the Connecticut based company in a bid to capitalise on a new class of migraine pill. Biohaven’s migraine drugs could surpass $6bn in annual sales, Pfizer said on Tuesday. Biohaven common shareholders are to receive [...]
Tiger Global nursing $17bn losses after global tech rout May 10, 2022 Prolific tech investor Tiger Global is nursing losses of $17bn this year after a rout in global tech stocks, fresh data has revealed.
Windfall tax: There was little sympathy for loss-making energy giants in depths of 2020 May 10, 2022 Is business turning on business? It appeared so yesterday morning when the well-respected Tesco chair John Allan said the case for a windfall tax on energy giants had become “overwhelming.” Needless to say, Labour jumped all over this, just as they did when the former Financial Times editor Lionel Barber said the same. But alas, [...]
Khan: London should hold Olympics again by 2050 May 10, 2022 Sadiq Khan has said London should host the Olympics again
Insurance brokers could face caps on commissions as FCA reviews high rise insurance market May 10, 2022 Insurance brokers could face rules limiting commissions amid the City watchdog’s review into tower block insurance coverage. The Financial Conduct Authority (FCA) was asked to review the insurance market for blocks of flats earlier this year, after housing minister Micheal Gove said he was “extremely concerned” by accelerating costs faced by leaseholders. In an update, [...]
Government’s consumer protection push criticised for moving too slowly May 10, 2022 Despite making grand gestures about protecting consumer and business rights under the draft Digital Markets, Competition and Consumer bill, the government have come under fire from critics for acting too slowly.
