DeFi protocol Beanstalk hacked for $182m April 19, 2022 A hacker has stolen funds worth $182m (£139m) from stablecoin issuer Beanstalk in the latest exploit to affect the world of DeFi.
Crown Court backlog is shrinking at a ‘glacial pace’, Law Society says April 19, 2022 The Law Society has slammed the government for its failures to tackle the Crown Court backlog, after claiming the pile-up of cases is “shrinking at a glacial pace”. Law Society president I. Stephanie Boyce hit out at the Ministry of Justice (MoJ) after new figures showed there are still 58,450 Crown Court cases waiting to [...]
Coastguard raises concerns over survival craft on P&O vessel April 19, 2022 The Maritime and Coastguard Agency (MCA) revealed today that an inability to deploy lifeboats and rafts was one of the 31 failures discovered aboard of P&O’s vessel European Causeway. Agents said that the “launching arrangement for survival craft” on the vessels were “not as required” while inflatable evacuation slides were not properly maintained. Other failures [...]
BMO Commercial Property Trust doubles down on industrial pivot as London portfolio shrinks April 19, 2022 BMO Commercial Property Trust has been successful in its pivot towards logistics real estate after demand for offices faltered as a result of the pandemic. The British fund kicked off the year on “a much brighter note” with fewer Covid-19 restrictions, having sold off nearly £200m worth of property in the year to 31 December, [...]
Cough up cash for small suppliers TSB tells rivals April 19, 2022 High street lender TSB has called on rivals Co-Operative Bank and Metro Bank to speed up supplier payments after data found the banks are among the worst culprits for paying suppliers late.
Next generation could spend 10 years in metaverse as industry booms April 19, 2022 The next generation could spend up to 10 years in virtual realities over the course of their lifetime, new research has revealed.
Alternative investments: predictable uncertainty in private markets April 19, 2022 With experience, investment professionals acquire a better understanding of markets, become more confident of their abilities and conclude that they can interpret the world more precisely. The philosopher Karl Popper offered his take on the main issue with such determinism during a 1965 lecture titled ‘Of Clouds and Clocks: An Approach to the Problem of Rationality [...]
Insurance sector launches hiring spree amid surge in flooding and Covid linked claims April 19, 2022 Vacancies for jobs in the insurance sector hit record highs at the start of 2022 on the back of a surge in claims linked to flooding and Covid-19. The UK’s biggest insurance companies posted more job ads in January than in any other month since the start of 2019, a new report from Vacancysoft shows. [...]
Crypto is shaking up the current world order April 19, 2022 The future, writes Nigel Green, is going to be radically different from what we have all experienced in our lifetimes so far.
More than 50 per cent of FTSE 350 board appointments in 2021 were women April 19, 2022 More than 50 per cent of board appointments to FTSE 350 firms last year were women, bringing the gender ratio closer to an even split. New figures from recruitment company MBS, show boardrooms are becoming more equal places, with a gain of 200 women in 2021, and men constituting 75 per cent of those having [...]
