Gold prices recover despite Federal Reserve rate hike March 17, 2022 Gold prices have surged to $1,941 per ounce despite the US Federal Reserve increasing interest rates by 25 basis points.
McKinsey pulls staff out of Russia and sends them to Kazakhstan March 17, 2022 Consultancy giants McKinsey and BCG are pulling their staff out of Russia and sending them to the former Soviet republics of Kazakhstan and Azerbaijan. Big Three consulting firm McKinsey has already sent its Russian employees to Almaty, the largest city in Kazakhstan, according sources speaking to Financial News. Meanwhile, Boston Consulting Group (BCG) is [...]
Ofgem strengthens licensing criteria for new suppliers March 17, 2022 Ofgem will demand new suppliers have clear financial and risk management experience in the latest reforms announced by the regulator.
Disney staff head for walkout amid ‘Don’t Say Gay’ row with execs March 17, 2022 Disney staff are set to stage a walkout after execs refuse to publicly criticise the controversial ‘Don’t Say Gay’ bill.
Eqonex appoints Binance UK lead as chief executive March 17, 2022 Eqonex, the parent of the crypto custodian Digivault, has appointed Jonathan Farnell, the former head of Binance UK as its new chief executive.
US says 7,000 Russians killed in war as Zelensky lashes out at Germany March 17, 2022 The US believes more than 7,000 Russian troops have been killed during their invasion of Ukraine as Volodymyr Zelensky today lashed out at Germany for not giving his country enough support. US officials told the New York Times its latest estimate today, which would be more than the amount of American troops killed in the [...]
NFTs: Magic beans, or just plain lemons? March 17, 2022 Dr Jane Thomason examines the darker side of NFTs, and how money laundering needs to be called out with self regulation.
London’s top indexes jump as Bank of England hikes rates again March 17, 2022 London’s top indexes jumped yesterday after the Bank of England lifted interest rates for the third meeting in a row. The capital’s premier FTSE 100 index climbed 1.28 per cent higher to 7,385.34 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, rose 0.34 per cent [...]
P&O lays off 800 people following £100m loss March 17, 2022 Ferry operator P&O Ferries confirmed today it is laying off 800 members of staff after the pandemic caused the company to post a £100m loss year-on-year. “Our survival is dependent on making swift and significant changes now,” said a company spokesperson. “Without these changes there is no future for P&O Ferries. Staff will receive compensation [...]
Three UK signals towards telcos consolidation March 17, 2022 Three UK chief urges for market consolidation this morning as the mobile giant reports humble revenue growth despite hitting its strongest consumer contract growth since 2012.
