UK considers regional quarantine rules for overseas countries July 28, 2020 The government is considering putting in place quarantine measures for certain regions of foreign countries rather than the whole country, transport minister Baroness Vere confirmed. Speaking in the House of Lords today, Vere said: “For the time being we are taking the approach by country for border measures, but it is the case that it [...]
Crypto app Abra launches interest accounts after illegal swaps penalty July 28, 2020 Cryptocurrency investing app Abra has today launched interest-earning accounts, as it recovers after settling with US regulators over allegations it illegally offered swaps to users. Abra will now offer investors up to nine per cent annual interest on their holdings of crypto and so-called US dollar stablecoins — digital currencies tethered to the value of [...]
Boris Johnson warns of second coronavirus wave in Europe July 28, 2020 Boris Johnson has warned that mainland Europe may be experiencing the start of a second coronavirus wave as he defends the government’s decision to impose a quarantine on travellers from Spain. Speaking to reporters today during a visit in Nottingham, Johnson said: “What we have to do is take swift and decisive action where we [...]
UK tax rises: How will Rishi Sunak pay down the coronavirus deficit? July 28, 2020 Rishi Sunak’s first five months as chancellor has seen him shower the UK economy with hundreds of billions of pounds, helping make him the most popular government figure. However, talk has already turned to the ballooning deficit – predicted to be around £350bn this year – and how to reduce it to more manageable levels. [...]
UK unemployment to hit 10 per cent as furlough scheme ends, says report July 28, 2020 UK unemployment is set to rise to 10 per cent by the end of the year after the government made the “mistake” of winding down the job retention scheme, a respected economic forecaster has predicted. The National Institute of Economic and Social Research (Niesr) also said the UK economy would take three years to return [...]
HSBC to ‘at least double’ black employees in its upper ranks July 28, 2020 HSBC has reportedly told staff it will “at least double” the number of black employees in its upper ranks but said it will have to collect the data first. In an internal memo first seen by the Guardian, chief executive Noel Quinn admitted that the bank’s failure to publish data on ethnicity had created a [...]
Intel chief engineer to depart in tech unit shake-up July 28, 2020 Intel said its chief engineering officer Murthy Renduchintala is stepping away from the business, as part of a move to split up a key technology unit into five teams. The chipmaker said today that it is reorganising its technology, systems architecture and client group, with each section’s new leader to report directly to Intel boss [...]
PwC refuses to audit miner Petropavlovsk amid board room battle July 28, 2020 Big Four auditor PwC has said that it will not work with gold miner Petropavlovsk due to concerns over corporate governance at the FTSE 250 firm. Since early July, the Russian focused miner has been gripped by infighting, with two rival groups of shareholders battling for control of the company. At the firm’s last board [...]
SwissBorg TALKS to BEQUANT- A Day in the Life of Alex Fazel July 28, 2020 Alex Fazel is Chief Partnership Officer at SwissBorg- a trusted and accessible wealth management ecosystem powered by blockchain technology. Our ‘Day in the Life’ series continues today with an interview with Alex Fazel to discuss SwissBorg, Digital Assets and how robot advisory is the future of wealth investment. What is usually the first thought that [...]
A digital tax is no way to reward our innovative online retailers July 28, 2020 Throughout lockdown, the advantages — indeed, the essentiality — of online retail became clear. Now, Rishi Sunak is rumoured to be mulling over a new online sales tax. Advocates for this new tax, such as SportsDirect owner Mike Ashley and Tesco boss Dave Lewis, believe that the existing business rates system creates an uneven playing [...]
