Government bans services exports to Russia – but UK lawyers excluded May 4, 2022 Ministers have announced a ban on services exports to Russia, including management consulting, accounting and public relations but excluding legal professions. In the latest tranche of sanctions from foreign secretary Liz Truss, Russian businesses will no longer be able to do businesses with UK professional services firms. Many businesses have already cut connections with the [...]
Campaign groups call for ‘golden visa’ transparency as data reveals potential abuse of scheme May 4, 2022 Campaign groups have ramped up calls for greater transparency into the use of the UK’s now shuttered ‘golden visa’ scheme after fresh data revealed that almost 50 were offered to foreign nationals under 21.
Furious row erupts between Sadiq Khan and Grant Shapps over Crossrail announcement May 4, 2022 A furious row has broken out between the Mayor of London and the transport secretary over today’s announcement that Crossrail will open on 24 May. Grant Shapps MP referred Sadiq Khan to the Electoral Commission accusing him of “breathtaking political cynicism”, according to the Telegraph. This comes after it was announced this morning the Elizabeth [...]
Covid-19 sales dominate Moderna’s $6bn revenue amid profiteering concerns May 4, 2022 Covid-19 vaccine sales have dominated Moderna’s more than $6bn (£5.7bn) revenue, as calls against pandemic profiteering escalate. Revenue hit $6.1bn (£7.6bn) for the first quarter of 2022, compared with $1.9bn (£1.5bn) for the same period in 2021 – carried heavily by the pharmaceutical firm’s coronavirus vaccine, which was responsible for an eyewatering $5.9bn (£4.7bn) in [...]
Ofgem fines UK’s largest electricity distribution network for failing to support vulnerable customers May 4, 2022 The UK's largest electricity distribution network operator has agreed to pay nearly £15m failed to provide support to some its most vulnerable customers.
Elon Musk suggests firms may need to pay for Twitter, as senior MP asks him to appear before committee May 4, 2022 Twitter’s new owner Elon Musk has suggested businesses may have to start paying to use it. The richest man in the world who purchased the social media giant last month for $44bn, made the claim on Twitter on Wednesday. The Tesla boss wrote: “Twitter will always be free for casual users, but maybe a slight [...]
Volkswagen factories revert to coal following EU Russian oil ban May 4, 2022 Volkswagen is being forced to revert to coal and gas to power its plants after the EU proposed a phased ban on Russian oil. Proposed today by European Commission president Ursula von der Leyen, the ban will be gradually implemented over the course of 2022. “Understanding the situation, we just decided to upgrade our coal-fired [...]
Crypto firm with links to Rangers and Hibernian ceases trading May 4, 2022 A crypto company which partnered with the Rangers and Hibernian football teams has confirmed its crypto token will case trading after a price collapsed.
Maersk warns about future impact of China’s lockdowns despite record quarter May 4, 2022 Maersk has warned about the impact of China’s current lockdowns on its future performance, despite reporting record quarterly profits. “Further challenges arise from the ongoing Covid-19 lockdowns in China, and while the impact on the first quarter is limited, it may worsen the congestion environment in coming quarters as the situation develops,” the company said [...]
UK mortgage debt swells to £7bn as interest rates rise May 4, 2022 Mortgage debt swelled in March, according to Bank of England data, with net borrowing climbing from £4.6bn to £7bn in March as interest rates rise. House purchase mortgage approvals slipped to 70.7k in March from 71.0k in February, slightly ahead of consensus but moving towards their 2015 to 2019 average of 66.5k – which analysts [...]
