Elon Musk teases with Bitcoin tweets again… but the markets aren’t buying it May 24, 2021 Serial crypto meddler Elon Musk offered up an olive branch to Bitcoin tonight as he hinted about helping to solve cryptocurrency's environmental impact problems.
Battersea Power Station welcomes first residents May 24, 2021 The first residents have this evening moved into Battersea Power Station, 35 years after the iconic South Bank building was decommissioned. New homeowners were greeted by a light show this evening as the iconic locale reopened its doors for the first time in decades. They will move into the Switch House West section, the first [...]
UK ramps up preparations for India trade deal negotiations May 24, 2021 International trade secretary Liz Truss is set to begin a 14-week consultation with businesses on what to prioritise in soon to begin UK-India trade deal negotiations. Truss has said this mean the UK was “firing the starting gun on a free trade deal with India” before negotiations officially begin later this year. The UK’s trading [...]
UK tells airlines to avoid Belarusian airspace and suspends state carrier’s license over ‘hijacking’ May 24, 2021 The UK has joined a number of other countries in instructing airlines to avoid Belarusian airspace after a commercial flight was intercepted by a fighter jet and diverted to the country to arrest a journalist. Transport secretary Grant Shapps tweeted that he had instructed the UK’s Civil Aviation Authority (CAA) to ask planes to steer [...]
Ofcom calls for BBC to take on ‘independent’ expertise as part of editorial review May 24, 2021 Broadcasting watchdog Ofcom has tonight written to the BBC urging it to take on independent advice from broadcasting experts as part of its review of its editorial policies and governance following the Martin Bashir scandal. The broadcaster today announced that it would carry out the review to make sure the scandal could “never happen again”. [...]
Oil prices bounce back despite ongoing Iran talks May 24, 2021 Oil prices rose sharply today as economists predicted that the surge in demand due to the lifting of Covid-19 restrictions would offset any supply bump should sanctions against Iran’s oil be waived. In recent days prices have been trending downwards on the news that talks between Iran and the US on reinstating the former nuclear [...]
EY staff to work two days a week from home post pandemic May 24, 2021 EY has today confirmed that the majority of its staff will work from home for two days a week for good, the latest big business to eschew a return to the traditional office life. The Big Four firm’s 17,500 staff will spend three days a week in the office or at client sites, with the [...]
Coast Capital renews campaign against First Group EQT sale May 24, 2021 Private equity firm Coast Capital has today doubled down on its campaign against the sale of First Group’s two American businesses. The firm says that the $4.6bn (£3.3bn) deal for First Student and First Transit significantly undervalues the businesses. The renewed rebellion comes ahead of Thursday’s crunch general meeting, when investors will vote on the [...]
Andrew Bailey says there are some ‘hot spots for prices’ but plays down inflation fears May 24, 2021 Bank of England governor Andrew Bailey has warned there are some “very hot spots in terms of prices”, but that he is confident inflation won’t run well above the UK’s two per cent target in the long-term. Annual CPI increased from 0.7 per cent to 1.5 per cent in April, creating fears among some that [...]
Bank of England felt no Treasury pressure to give Greensill preferential treatment, says Bailey May 24, 2021 The Bank of England did not face pressure from the Treasury or David Cameron to give Greensill Capital preferential treatment in evaluating the firm for a large-scale loan, according to bank governor Andrew Bailey. Bailey told MPs today that lobbying efforts from Cameron did not mean the failed supply chain finance firm had better treatment [...]
