Binance given green light for France operation with creation of 250 jobs May 4, 2022 Cryptocurrency exchange Binance, has been granted a Digital Asset Service Provider (DASP) registration to operate in France.
European firms hike prices at fastest pace on record May 4, 2022 Businesses in Europe are hiking prices at the fastest pace on record in response to swelling costs triggered by Russia’s invasion of Ukraine and China lockdowns, revealed a closely watched survey released today. The fresh figures underscore the severity of inflationary pressures that are spreading through the world’s top economies. Data published on Tuesday by [...]
FCA staff kick off first strike action since finance watchdog’s creation May 4, 2022 Employees at the City watchdog walked out for the first time today to protest against their employer’s pay offer. Workers at the Financial Conduct Authority (FCA) protested outside the regulator’s headquarters in Stratford, east London. Staff represented by Unite the union are striking in response to a pay offer tabled by the FCA that will [...]
Allianz strikes deal with South African insurer Sanlam to form Africa’s biggest insurance firm May 4, 2022 German insurance giant Allianz has struck a deal with South African insurance company Sanlam to create the biggest insurer in Africa. The deal will see two firms launch a new joint venture that is set to become the biggest pan-African non-banking financial services firm on the continent. The new firm will operate in 29 different [...]
Just Eat urged to spin off Grubhub ‘quickly’ at AGM as shares plunge after investigation into top boss May 4, 2022 Just Eat Takeaway shareholders approved resolutions to reappoint key board members despite criticism from its activist investor. The delivery service made headlines ahead of its AGM on Wednesday morning, with news of the departure of its chairman and an investigation into its COO. However, despite pressure from activist investor Cat Rock last month, shareholders of [...]
European Union finally unveils Russian oil import ban May 4, 2022 The EU has proposed to phase out Russian oil imports, as part of a sixth package of sanctions against Russia following its invasion of Ukraine.
Steeper US Fed rate hike sends investors wobbling May 4, 2022 The prospect of the world’s most influential central bank hiking interest rates by double the amount it normally does weighed on London’s top indexes today. The capital’s premier FTSE 100 index dropped 0.9 per cent to 7,493.45 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Ocado dodges rebellion as shareholders back pay boost for bosses May 4, 2022 Grocery tech giant Ocado has seen off an investor rebellion over its bosses’ pay packet despite two of the world’s biggest shareholders urging investors to vote against the plans.
Safe for now: Uber weathers labour and cost of living crunch but faces a rocky road ahead May 4, 2022 Uber seems to weather the wrath of labour and cost of living uncertainties, with quarterly revenue shooting up 136 per cent to $6.9bn.
Airbus could face jet delays after EU regulator mulls over design changes May 4, 2022 Airbus’s launch of its upgraded A321XLR model could face delays after the EU regulator is considering design changes. According to Reuters industry sources, the launch was postponed from late 2023 to sometimes in 2024 after the EU Aviation Safety Agency (EASA) considered making changes to the aircraft’s lower fuselage design. Changes to the design of [...]
