Margaret Ferrier: MP suspended from Commons over 2020 Covid breach – and risks by-election June 6, 2023 Margaret Ferrier has been suspended from the House of Commons for 30 days for breaching coronavirus rules. The Commons voted 185 to 40, majority 145, to approve the motion to suspend the independent MP for Rutherglen and Hamilton West. Ms Ferrier, a former SNP MP, was in the Commons chamber as MPs approved her suspension. [...]
Explainer: How does Apple’s new virtual reality headset work? June 6, 2023 Yesterday, Apple did something that could revolutionise the way we interact with tech and with our surroundings: it launched Apple Vision Pro, its $3,499 virtual reality headset. Apple CEO Tim Cook described it as “the first Apple product you look through, not at”. The idea might feel a little daunting at first – but once [...]
Mortgage rates rocket but savings rates barely move after May’s inflation shock June 6, 2023 Mortgage rates have skyrocketed in recent weeks after the UK’s most recent inflation reading sent rate expectations soaring, but savings rates have lagged behind. According to data from Moneyfacts, rates on a two-year fixed rate have jumped from 5.34 per cent on 24 May to 5.75 today. Similarly, interest rates on a five-year fixed rate [...]
Unilever share price in focus as hunt for new chair begins June 6, 2023 Unilever has reportedly commenced the hunt for a new chair as a shake-up of its senior level continues to unfold. The Ben and Jerry’s and Dove soap maker is said to have drafted in the executive search firm Spencer Stuart to scour for a new chair to replace Nils Anderson, according to reports in Bloomberg. [...]
China told ‘secret UK police stations’ must “not operate in any form” June 6, 2023 The Chinese Embassy has been told running overseas police stations in the UK is “unacceptable” and that “they must not operate in any form”, the security minister has said. Tom Tugendhat set out the findings of an investigation into allegations of unofficial Chinese overseas police stations operating in the UK which stood accused of seeking [...]
Sequoia Capital to carve off China and India units as it faces ‘increasingly complex’ pressures June 6, 2023 Venture capital behemoth Sequoia Capital has revealed plans to carve up its business into three distinct firms due to the “increasingly complex” pressures on its operations across the US, China and India.
Labour government could deter investment in new energy projects, report warns June 6, 2023 Some $30bn (£24.2bn) of investment in new UK energy projects is at risk if Labour wins the next election, a top energy consultancy has warned.
SEC sues Coinbase 24 hours after serving papers to rival exchange Binance June 6, 2023 The SEC is suing crypto exchange Coinbase, claiming its owners have been earning billions of dollars while operating illegally.
Coinbase shares sink and Bitcoin price falls after US regulator’s crypto crackdown June 6, 2023 US regulators are suing Coinbase, one of the world’s leading crypto brokers and exchanges, just a day after announcing action against fellow crypto giant Binance. The filing by the US Securities and Exchange Commission (SEC) in a Manhattan court accuses Coinbase of operating as an unlicensed broker since 2019. Per a Reuters report, the SEC [...]
Shell to ditch retail energy arm as suitors circle its 1.5m UK customers June 6, 2023 Shell has confirmed it has decided to exit its home retail energy businesses in the UK, Germany and the Netherlands.
