Planet Crypto: Bankers praised for speedy processing… ‘Now we can go bust in half the time!’ May 4, 2023 The mischievous makers of mirth at Planet Crypto have been dipping their brushes in the paint pots again, with the banks providing a canvas.
Electric cars running out of charge as sales forecast downgraded May 4, 2023 Electric vehicle (EV) sales forecasts have been lowered despite nine consecutive months of growth in the UK car market, as concerns build over inadequate charging infrastructure in the UK. According to the Society of Motor Manufacturers and Traders’ (SMMT) forecasts, 22.6 per cent of new car registrations will now be battery electric vehicles (BEVs) by [...]
Volkswagen profits hit by drop in Chinese sales as rivals gain a foothold May 4, 2023 Volkswagen (VW) profits fell 30 per cent in the first three months of the year despite booming business in Europe and North America because sales dropped in China, where the German car maker is facing increasing competition from homegrown models. After-tax profit fell to 4.7 billion euros (£4.1bn) from 6.7 billion euros (£5.9bn) in the [...]
Explainer: New voter ID policy gets its first mass test in today’s local elections May 4, 2023 After weeks of campaigning, cautious statements from our political leaders and even more cautious statements from pollsters, today is the day. It’s local election time. There are many considerations to be made about what the results will – or won’t – tell us about the next general election. But what makes these local elections unique [...]
Jack Grealish and Oliver Heldens spin the decks with a DJ set in the OKX Collective metaverse May 4, 2023 Manchester City star Jack Grealish and legendary DJ Oliver Heldens today performed a virtual DJ set together with OKX.
Shell to pay £400m in windfall taxes this year after bumper first quarter earnings May 4, 2023 Shell has confirmed it will pay just under £400m in windfall taxes this year, after bumper first-quarter profits.
Sunak: Politics no longer ‘box set drama’ as local elections open May 4, 2023 Prime Minister Rishi Sunak has said politics is moving away from a “box set drama” style following months of turbulence. His comments came on the eve of local elections across England today (4 May) with requirements for voters to present photo ID at the ballot box coming in for the first time. Sunak is facing [...]
Boohoo settles £156m court case over fake discount claims May 4, 2023 Boohoo has settled a staggering $197m (£156m) US court case in which the fast fashion giant was accused of faking discounts for customers. The pure-play online retailer, which also owns Pretty Little Thing and Nasty Gal, was accused of engaging in a “deceptive pricing scheme”, with the court filing claiming Boohoo would falsely raise the [...]
Brits yank record £4.8bn from banks after Credit Suisse and SVB failures May 4, 2023 Brits yanked a record amount of cash out of banks in March, sparked by concerns over the health of the global financial system following the collapse of Silicon Valley Bank (SVB) and Credit Suisse, official figures out today reveal. Household deposits at UK banks shrunk £4.8bn in March, the highest monthly fall since the Bank [...]
Biden’s crypto mining tax simply wouldn’t work in the UK… or the US, for that matter May 4, 2023 Biden's proposal, which would see crypto mining operations face a 30 per cent tax on energy, could be implemented by next year.
