‘Link-in-bio’ tech firm bags $110m injection to accelerate UK expansion March 16, 2022 A specialist “link in bio” tech firm that allows users to customise social media links has announced a $110m funding injection today, as it looks to accelerate its growth in the UK.
Truss confirms £394m paid to Iran to free Nazanin Zaghari-Ratcliffe March 16, 2022 Liz Truss has confirmed in the House of Commons that the UK has paid its £393.8m debt to Iran to free Nazanin Zaghari-Ratcliffe, after six years in a Tehran prison. Fellow British-Iranian dual national Anousheh Ashouri was also freed after almost five years imprisonment, while Morad Tahbaz has been released “on furlough” and remains in [...]
Demand from Hong Kong buyers set to rise as capital welcomes back international interest March 16, 2022 Hong Kong buyers have the largest property footprint within London, followed by Jersey. Buyers from Hong Kong account for the highest proportion of residential homes registered to foreign addresses in 17 London boroughs. Research from London lettings and estate agent, Benham and Reeves, has revealed Barking and Dagenham as home to the highest percentage of [...]
BA’s South African franchisee Comair sees fleet grounded over safety concerns March 16, 2022 The fleet of British Airways’ (BA) South African franchisee Comair was grounded over safety concerns. The South African Civil Aviation Authority (SACAA) decided to revoke the regional carrier’s right to fly indefinitely on Sunday, after a 24-hour ban issued the day before due to fears of engine failures and landing gear malfunctions. “The suspension follows [...]
Octopus Energy calls on government to speed up wind power developments March 16, 2022 Octopus Energy (Octopus) has called on the government to cut red-tape and speed up the building process for ramping up wind power in the UK.
Ex-Meta staff raise $200m for new crypto venture March 16, 2022 Former Meta staffers have created a $1bn crypto startup from the ashes of Diem, the abortive stablecoin project shut down earlier this year.
Cabbies call on Mayor of London to block Uber’s licence renewal amid worker rights row March 16, 2022 London cabbies are calling on the Mayor of London and TfL to set tougher worker rights conditions on Uber’s application for renewal of their London licence, which is set to expire on March 27th. According to the App Drivers & Couriers Union (ADCU), Uber has failed to abide by the Supreme Court ruling from February [...]
HS2 minister Andrew Stephenson ‘concerned’ about project’s rising costs March 16, 2022 HS2 minister Andrew Stephenson said today he is concerned about the rate at which the railway project’s rising costs are soaring. Stephenson reported that HS2 had taken a further £500m between September 2021 and January 2022, in addition to the £5.6bn contingency funds. He added that the project’s “potential cost pressures” have gone up by [...]
Sweden refuses to launch research satellite on Russian Soyuz rocket March 16, 2022 Sweden has cancelled the launch of a research satellite via a Russian rocket, following the Kremlin-backed attack on neighbouring Ukraine. The launch was scheduled for the end of this year, after its initial scheduled launch in 2019 was delayed. “Preparing for a launch from Russia is unthinkable under the current circumstances,” a spokesperson for the [...]
Rampant inflation to push tax bills £12bn above forecasts March 16, 2022 Rampant inflation is set to deliver an even harsher hit to households’ tax bills than first thought, reveals fresh analysis released today. A higher cost of living will result in a £12.5bn larger tax hike, piling more pressure on Brits’ already stretched finances, according to the Institute for Fiscal Studies (IFS). Chancellor Rishi Sunak’s decision [...]
