US maintains travel ban on UK residents over Delta variant fears July 26, 2021 The White House has maintained a travel ban on the UK and the EU’s schengen zone due to fears over the highly transmissible Delta variant. The ban has now been in place since last March when it was implemented by former President Donald Trump. A White House official told Reuters today: “Given where we are [...]
Criminal Commission consider report alleging Tom Hayes was wrongfully convicted for Libor rigging July 26, 2021 An academic paper that claims Tom Hayes was wrongfully convicted for rigging Libor interest rates is under review by the Criminal Cases Review Commission (CCRC). It’s the latest development in an ongoing inquiry by the CCRC – the body responsible for investigating suspected miscarriages of justice – into the former trader’s case. The CCRC confirmed [...]
TfL still facing £500m funding gap as network unveils slimmer budget July 26, 2021 Transport for London (TfL) today revealed that it is facing a £500m funding gap for this financial year as it continues to try to broker a long-term financial package with the government. In its revised budget, published this afternoon, the transport network revealed that it would need £1.9bn of funding for 2021/22, down from the [...]
Will Tesla change direction on Bitcoin again? July 26, 2021 City AM columnist Gavin S Brown looks west as all eyes are focused on Tesla to see if it gives Bitcoin the green light again.
Shell greenlights major new oil field in Gulf of Mexico July 26, 2021 Shell this afternoon gave the green light to a major new oil field in the Gulf of Mexico, its first such project to be approved since a Dutch court ordered the oil giant to cut emissions quicker. At peak production, the field, which is called “Whale”, will provide an estimated 100,000 barrels of oil per [...]
eBay bolsters logistics options for sellers as platform surges with SMEs July 26, 2021 eBay UK has bolstered protections and logistics for its sellers after seeing a 237 per cent surge in new businesses joining the online marketplace giant amid the pandemic. The pandemic pushed many employees into furlough, unemployment and a general revaluation of working life and with many looking for extra income, side-hustles on online platforms took [...]
Boris Johnson and Kenyan president to host global education summit in London July 26, 2021 Prime Minister Boris Johnson will co-host a global education summit with President Uhuru Kenyatta, who arrives in London tomorrow. The summit, which takes place between 28-29 July, aims to raise $5bn to educate children across the developing world over the next five years. The two leaders are expected to discuss the progress across all areas of [...]
Startups urge caution over buy now pay later regulation July 26, 2021 British startups have urged caution over the City watchdog’s plans to regulate the £2.7bn buy now pay later market. The Financial Conduct Authority (FCA) is set to crack down on companies such as Klarna and Clearpay after the number of BNPL transactions across the UK tripled last year. But a lobby group representing startups has [...]
Ian Hudson given four years in prison for fraudulent trading July 26, 2021 The unauthorised financial adviser was sentenced to four years imprisonment today for fraudulently carrying on regulated activities, bringing to a close charges laid by the FCA in May. Ian James Hudson was food guilty of fraudulent trading by Judge Tomlinson at Southwark Crown Court. The length of his sentence is made up of one count of [...]
The Northern Ireland Protocol was only ever a placeholder to get Brexit over the line – now the real work begins July 26, 2021 Mention Northern Ireland to a British politician and he or she will edge towards the door. With some notable exceptions such as John Major and Peter Mandelson, our leaders have tended to regard Northern Ireland as a strange land where normal rules do not apply: sectarian divisions they don’t understand and political parties which don’t [...]
