Rees-Mogg lashes out at ‘inefficient’ civil servants in push to curb working from home April 24, 2022 Jacob Rees-Mogg has said that getting civil servants back into the office en masse will mean greater efficiency and less waste as he pushes to curb working from home in Whitehall. The government efficiency minister said “it is my job to ensure the government estate is run efficiently and commercially … Empty offices are a [...]
Hong Kong insurer becomes first in Asia to open up coverage to NFTs April 24, 2022 A Hong Kong insurance firm has opened up its coverage to NFTs – becoming the first insurer in Asia to offer such a service – as the city wrestles with its pandemic-induced “isolated status”. OneDegree, one of four virtual insurers in the global financial hub, has entered a three-year partnership with German reinsurer Munich Re [...]
Spac boom falters as regulators ramp up scrutiny April 24, 2022 A global boom in so-called blank-cheque firms has faltered in the first quarter of 2022 as investors grow sceptical of the vehicles and regulators prepare to clampdown on fanciful financial forecasting.
London-listed retailers plummet on expected spending cool down April 24, 2022 An expected slowdown in consumer spending in response to the cost of living crunch hobbling household finances has whacked London-listed retail stocks. The bucket of top retail shares in the City, known as the FTSE 350 retail, has fallen 21 per cent in the year so far, making the sector one of the worst performers [...]
First commercial astronauts to return to Earth after string of splashdown delays April 24, 2022 The world’s first commercial astronauts are due to return to Earth tomorrow, after several splashdown delays over poor weather. The Ax-1 crew, which consists of three high-paying customers via commercial space firm Axiom and two space veterans, will be spend another night on the International Space Station (ISS), NASA confirmed last night. After spending a [...]
Scandal-stricken Credit Suisse poised for management shakeup April 24, 2022 Beleaguered bank Credit Suisse is lining up a management shakeup as new chairman Axel Lehmann looks to put the lender back on track following a string of scandals.
Zelensky says Ukraine ‘will surely win’ in Orthodox Easter message April 24, 2022 Volodymyr Zelensky has today claimed that “Ukraine will surely win” against its Russian invaders as a part of his message on Orthodox Easter. The Ukrainian President said “the great holiday today gives us great hope and unwavering faith that light will overcome darkness, good will overcome evil, life will overcome death”. Zelensky will welcome US [...]
UK inches closer to first coal mine in three decades April 24, 2022 Michael Gove is reportedly inching closer towards approving a new coal mine – Britain’s first in 30-years – as the government looks to cut its reliance on Russian energy imports. The levelling up secretary is understood to be supportive of plans to open a Cumbrian deep coal site, Conservative sources told The Telegraph, which will [...]
Britain’s biggest banks in higher interest rate profit boost as earnings season kicks off April 24, 2022 Profits at Britain’s biggest high street lenders have been boosted by the Bank of England hiking interest rates to tame historic high inflation. That’s according to top City analysts who are forecasting the UK’s largest banks to have reaped the rewards of being able to charge borrowers more for loans. A higher interest rate environment [...]
Activist investors look to block Deloitte audit appointment over climate failings April 24, 2022 A group of investors including Aviva and Legal & General are readying to move against accountancy giant Deloitte this week in a bid to bar its reappointment as the auditor of FTSE 100 building supply firm CRH. Climate Action 100+, a shareholder activist group of 700 investors with a combined $68tn assets under management, will [...]
