Back to Business: Jason Atherton on how he dealt with lockdown and how his empire will strike back July 24, 2020 In the first of a new series of how chefs are dealing with the strange ‘new normal’ we now find ourself in, Jason Atherton talks about the chaos covid caused to his supply chain, and the silver lining of getting to spend time with his newborn daughter. Remind us who you are I’m a Michelin [...]
Don’t believe the Scottish independence hype — I’d bet on Johnson’s tortoise to beat Sturgeon’s hare July 24, 2020 For his first significant political event outside the Westminster bubble, timed for his one-year anniversary of becoming Prime Minister, Boris Johnson chose to go to Scotland. The significance of that choice cannot be overestimated. Politics is as unpredictable as ever, and despite chancellor Rishi Sunak hosing Scotland with the billions confected by the Bank of [...]
FCA launches probe into Woodford depositary Northern Trust July 24, 2020 The City regulator has launched an investigation into Neil Woodford’s depositary Northern Trust over the events that led to the gating of the flagship Equity Income fund last June. The investigation was launched in recent months following an ongoing probe into Link Fund Solutions, the firm supervising the Woodford Equity Income Fund. Last June the [...]
Number of overseas visitors to UK halved in March on coronavirus fears July 24, 2020 The number of overseas people to travel to the UK halved in March, the Office of National Statistics said today, as the coronavirus pandemic began to hammer international transport. As the ONS stopped collecting travel data on 16 March due to the pandemic, it said that the figures were based on assumptions of data collected [...]
Big tech antitrust hearing delayed as probe gets underway July 24, 2020 A US hearing at which the chief executives of Apple, Alphabet, Amazon and Facebook were meant to testify has been postponed, as politicians press on with a probe into allegations of anti-competitive behaviour. The hearing in front of the US House of Representatives Judiciary Committee’s antitrust panel was meant to take place next Monday, but [...]
Three charts suggest a V-shaped recovery, but economists are sceptical July 24, 2020 British businesses reported the best growth in five years in July and shoppers spent their money at close to pre-coronavirus rates in June, data showed today in a positive sign for the UK economy. It was a stark contrast to two weeks ago, when figures showed that the economy undershot expectations in May with just [...]
TfL may halt Crossrail 2 work over government funding review July 24, 2020 Transport for London (TfL) today warned it may have to pause work on some of its biggest infrastructure projects, including Crossrail 2, unless it gets a new funding deal from the government. The capital’s transport operator this morning set out its revised budget for the year, saying it would need £3.5bn due to the damage [...]
Garmin shuts down as ransomware attack causes outage July 24, 2020 Garmin has been forced to shut down some of its operations after a ransomware attack caused an outage that left its fitness devices disconnected for almost a day. The wearable sports technology maker shut down services including its official website and customer services, including all phone lines, online chat tools and email. It also shut [...]
Goldman Sachs reaches $3.9bn settlement with Malaysia over 1MDB scandal July 24, 2020 Goldman Sachs has agreed to a $3.9bn settlement with the Malaysian government over the multi-billion dollar 1MDB scandal. The deal includes a cash payment of $2.5bn and a guarantee by Goldman to pay at least $1.4bn in assets linked to 1MDB bonds, Malaysia’s finance ministry said. “This settlement represents assets that rightfully belong to the [...]
Revealed: The top 10 cities to be an Airbnb landlord July 24, 2020 Cardiff has been ranked the most profitable city in the UK to be an Airbnb landlord, as the rental market gets back on track. Data crunched by Vanquis showed Cardiff is the most profitable city for Airbnb hosts, with homeowners earning 86 per cent more by listing a room on Airbnb rather than through traditional [...]
