Tech Weekly: Crypto tentatively recovers, and Klarna slashes valuation May 20, 2022 This week Nasson talks to City A.M. reporter Charlie Conchie. Charlie goes through crypto’s tentative steps to recovery, unpicks London-based Thought Machine and Modulr’s latest funding rounds, and explains Klarna’s lowered $30bn valuation and discusses whether this is a cause for concern for private markets.
‘Unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings ALWAYS wrong’, says HSBC official on climate change impact May 20, 2022 A top HSBC banker has claimed global authorities are overplaying the impact of climate change, saying “unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings are ALWAYS wrong”. The banking giant’s head of responsible investing, Stuart Kirk, made his controversial claim during a presentation on a slide during a London conference yesterday. HSBC said his views did not [...]
When Musk met Bolsonaro: Brazilian President says Twitter takeover will be a ‘breath of hope’ May 20, 2022 Brazilian President Jair Bolsonaro has said that Elon Musk’s proposed takeover of Twitter was “a breath of hope” for him. Bolsonaro said that he hoped the U.S. billionaire would show the world during Musk’s visit to Brazil how much the country does to protect the Amazon. The two will discuss a potential partnership on rural [...]
Johnson: Can’t ‘magic away’ cost of living problems but UK will draw on ‘fiscal firepower’ May 20, 2022 Boris Johnson has said the government will have to draw upon its “fiscal firepower” to get through the cost of living crisis, but there is no way he can “magic away” the problem. Speaking at a conference in Wales today, the prime minister said Britain will “get through” its current problems, marked by a 40-year [...]
Boots just doing what Boots does best – inside the life of a crypto entrepreneur May 20, 2022 Stanley Boots believes that every decade should bring a personal change whether in the form of career, country or viewpoint.
Partygate: ‘Sense of injustice’ among women and low-paid Downing Street staff over fines dished out May 20, 2022 There is reportedly anger among Downing Street’s low-paid female junior staff who racked up partygate fines. ITV’s political editor Robert Peston said there was a “sense of injustice” because of the 126 officials fined by the Met, they disproportionately fell on women and junior officials. He quoted a source which said most were “very junior [...]
How carbon offsets can help achieve net-zero carbon emissions. May 20, 2022 Alan Simpson CA explains the use of carbon offsets as a means of achieving net zero carbon emission Carbon offsetting is an activity that compensates for, or balances out, greenhouse gas emissions generated by an organisation through its activities and operations. These offsets (or carbon credits) are expressed in tonnes of carbon dioxide (CO2). Each [...]
Monkeypox: Sajid Javid and WHO hold meeting after UK virus cases double to 20 May 20, 2022 Health Secretary Sajid Javid and the World Health Organisation are held meetings to discuss the Monkeypox outbreak in the UK following a doubling of cases. After two cases of the virus were reported on Thursday a further 11 were recorded today, taking the total to 20 – amid fears it may be spreading quicker than [...]
Shares fly for THG as bidding war pushes online retailer’s value to £1.8bn May 20, 2022 Shares in the online retailer THG surge as much 25 per cent this afternoon as investors back the bidding war taking hold of the ecommerce firm. The online health and beauty retailer said that it had batted away a £2.07bn bid from two investment companies, Belerion Capital and King Street Capital Management last night. It [...]
KPMG should take blame for Carillion scandal, not junior accountant Pratik Paw, critics say May 20, 2022 Critics have said the Big Four accountancy firms should flatten their hierarchies and ensure junior colleagues are able to challenge their superiors, to ensure low ranking workers are not blamed for accounting scandals. The comments come as regulators have called for KPMG junior Pratik Paw to be fined £50,000 over his role in the scandal [...]
