1MDB: Ex-Goldman Sachs banker found guilty for role in world’s biggest financial scandal April 10, 2022 Former Goldman Sachs banker Roger Ng faces up to 30 years in prison after being found guilty on two separate counts of bribery and money laundering for his role in the multi-billion-dollar 1MBD scandal. A New York jury convicted Ng on two separate charges of conspiracy, after finding the banker guilty of taking part in [...]
Apple under spotlight amid spying claims April 10, 2022 The UK’s information watchdog is investigating Apple following whistleblower claims that the Silicon Valley giant had gained access to employee information via their mobile phones. Former senior Apple engineer Ashley Gjøvik filed a complaint to the UK Data Protection Information Commissioner’s Office (ICO) which suggested the iPhone maker used unlawful data collection processes over “years [...]
Ineos boss challenges fracking ban with calls for new test site April 10, 2022 Ineos boss Sir Jim Ratcliffe has called on the government to reverse a ban on fracking exploration in the UK.
Italian lottery operator Sisal mulls joining Camelot’s High Court challenge April 10, 2022 Italian lottery operator Sisal is considering teaming up with Camelot to challenge the Gambling Commission’s decision to pick Czech firm Allwyn to run the UK’s National Lottery. Sisal is weighing up plans to back Camelot’s High Court bid to overturn the Gambling Commission’s decision, after Camelot lodged a legal challenge against the government agency earlier [...]
Binance gets ‘in principle’ thumbs up for Abu Dhabi operation April 10, 2022 Crypto exchange Binance has today been handed an 'agreement in principal' to operate in Abu Dhabi.
Brexit: Truss drops plan for Northern Ireland tax cut after Sunak opposition April 10, 2022 Liz Truss’ plan to give a post-Brexit tax break to Northern Ireland to entice hundreds of companies to return has been blocked by chancellor Rishi Sunak. The foreign secretary wrote to Boris Johnson last month to call for a series of measures to boost trade between Northern Ireland and Great Britain, including tax breaks and [...]
European banking body slams Brussels’ attempted post-Brexit clearing power grab April 10, 2022 Brussels has been slammed by Europe’s own top banking group for trying to force banks in the bloc to close clearing business in the City in an attempted post-Brexit power grab by the EU. The European Commission’s plans to slap banks that do not shift clearing business in London to the Continent with penalties will [...]
Government weighs up plans to float Channel 4 on the stock market April 10, 2022 Culture secretary Nadine Dorries is considering plans to list Channel 4 on the stock market as an alternative to selling it to a rival broadcaster. Officials in the Department for Digital, Culture, Media & Sport (DCMS) are working with JP Morgan on plans to float the TV network in London, after Dorries set out plans [...]
Money saving expert Martin Lewis warns of ‘civil unrest’ as costs soar April 10, 2022 Money saving expert Martin Lewis has warned the UK faces 'civil unrest' as the cost of living crisis worsens.
Week ahead: Bumper week of economic data to jolt the City April 10, 2022 The City will be eyeing a raft of flagship economic announcements this week that will send ripples throughout London’s top indexes. The capital’s premier FTSE 100 index registered a strong week last week, gaining 1.75 per cent. The mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, shrank [...]
