Grant Thornton cuts ties with Russian member firm that audits Russia’s Central Bank and Gazprom March 2, 2022 Grant Thornton has cut ties with its Russian member business, FBK, in response to Putin’s invasion of Ukraine. The London headquartered consultancy said its Russian member business, FBK, would be leaving Grant Thornton’s international network with immediate effect. Grant Thornton’s decision to cut ties with Moscow headquartered consultancy FBK will in effect see the firm [...]
Revolut’s Russian-British boss condemns ‘horrifying’ war in Ukraine March 2, 2022 The Russian born boss of London fintech firm Revolut has condemned the ‘horrifying’ war in Ukraine as the bank committed to a series of measures to support civilians caught up in the conflict.
Streamer turned gamer: Netflix snaps up Walking Dead publisher Next Games in £54m deal March 2, 2022 Netflix becomes the latest tech firm to pivot into the world of gaming, with the streaming giant announcing its acquisition of Finnish firm Next Games in a €65m (£54m) deal.
Wizz Air’s load factor increases despite Ukraine conflict March 2, 2022 Low cost airline Wizz Air is on track to get back to pre-Covid levels, as the Ukrainian conflict has so far impacted the carrier marginally. In February, Wizz Air carried 1.9 million passengers at a load factor of 91 per cent – a 258 per cent increase on February 2021. Even though it was forced [...]
Eurozone inflation hits another record high heaping further pressure on ECB to act March 2, 2022 Prices among the countries that use the euro are accelerating at the fastest rate on record, reveals official figures published today. Inflation in the Eurozone hit 5.8 per cent this month, the hottest print recorded since the introduction of the euro, according to Eurostat, the bloc’s statistics agency. Rapidly accelerating prices is piling pressure on [...]
‘Zero-Covid’ measures: US warns against Hong Kong travel due to child separations March 2, 2022 The US has cautioned against travelling to Hong Kong, as the city records record Covid-19 cases, with cautions of children having to isolate alone if they test positive for the virus. The State Department said in a statement: “In some cases, children in Hong Kong who test positive have been separated from their parents and [...]
Oil prices peak at $113 per barrel as fears over supply shortages escalate March 2, 2022 Both major benchmarks have continued to rally amid growing concerns over supply disruption following Russia's invasion of Ukraine.
Why the blockchain community needs ethics March 2, 2022 Crypto AM's Dr Jane Thomason explores the ethics of blockchain, and how the industry must get it right.
BA’s owner IAG looks at all options but steers clear of rights issue March 2, 2022 British Airways’ (BA) owner IAG is reportedly looking at all options to best navigate the period’s ups and downs but said it was for the moment steering clear of rights issues. IAG’s boss Luis Gallego said that, while the group was starting to recover from the pandemic’s impact, geopolitical and economic turmoils pushed it to [...]
Competition watchdog green lights Microsoft’s £13.9bn snap up of Nuance Communications March 2, 2022 UK competition watchdog has given Microsoft’s $19.7bn (£13.9bn) acquisition of Nuance Communications the green light this morning, stating that it did “not give rise to a realistic prospect of a substantial lessening of competition”. Tech giant Microsoft snapped up the US-headquartered software firm last April in a push to advance its software capabilities. Nuance offers [...]
