Government empowers compliance unit with teeth to curb big tech dominance May 5, 2022 New 'fair-play' rules and ten per cent turnover fines will be among the strong tools available to a new technology unit.
Self-proclaimed Bitcoin inventor sues crypto exchanges in multi-billion-pound trademark spat May 5, 2022 An Australian cryptographer, who claims to be the inventor of Bitcoin, is suing two of the world’s largest cryptocurrency exchanges over claims they undermined his intellectual property rights by using the name Bitcoin. Craig Wright, who claims to be the real person behind the Bitcoin creator’s alias Satoshi Nakamoto, is suing Coinbase and Payward – [...]
Shares soar for Sorrell’s S4 Capital following results announcement May 5, 2022 Shares in S4 Capital soared over 15 per cent today after the firm confirmed it would be publishing its delayed results tomorrow. The news comes after Sir Martin Sorrell’s S4 stock took a battering last month after the second PwC’s auditing delay, with investors jumping to the worse case scenario conclusions. Eyebrows were first raised [...]
Consumer watchdog urges energy users to boost energy efficiency to drive down household bills May 5, 2022 Uswitch.com has called on households to focus on energy efficiency and ramping up insulation to ease the pressure of rising energy bills.
Trade off between inflation and growth is now for the birds May 5, 2022 The trade off between taming inflation by hiking rates at the expense of growth now seems for the birds. The economy is headed for a tough time, most likely a recession, regardless of what the Bank of England does. The UK’s present conundrum is one of the best examples in modern history of just how [...]
Chelsea owner Roman Abramovich: ‘Intentions of giving sale proceeds to charity have not changed’ May 5, 2022 Chelsea’s sanctioned owner Roman Abramovich has insisted his “intentions in relation to gifting the proceeds” to charity “have not changed.” The Russian-Israeli Billionaire said on Thursday, his team have “identified senior representatives from UN bodies and large global charitable organizations” who will form a foundation to distribute the funds. This comes after what the statement [...]
New political leader for Square Mile as Hayward takes vital Corporation role May 5, 2022 THE City has a new de facto political leader after Square Mile grandee Christopher Hayward was elected to the top job on the Corporation’s powerful policy committee this afternoon. Hayward replaces Catherine McGuinness, who held the role for five years. He steps into the role after serving for almost a decade as an elected member.Hayward [...]
Rail fares could soar by 12 per cent amid inflationary spikes May 5, 2022 Railway users could soon enough see the price of their tickets soar as a result of inflation spiking to 7 per cent and not showing any sign of easing. Economists argued fares could go up as high as 12 per cent from next year if the government doesn’t untie the increase in inflation rates and [...]
Ex Bank of England governor Mark Carney says climate crisis will ‘dwarf’ economic problems May 5, 2022 Following the Bank of England’s decision to raise interest rates, its former government has said the climate crisis will “dwarf” current economic hardship. Mark Carney, who is now as special envoy for climate action with the United Nations, called on the government to move away from polluting fossil fuels. He said the move away from [...]
FTSE 100 shakes off Bank of England glum forecasts on weaker pound May 5, 2022 London’s top index today shook off a fourth rate rise in a row for the first time since the Bank of England was given control of monetary policy. The capital’s FTSE 100 added 0.13 per cent to reach 7,503.27 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
