Giving crypto the ministerial seal of approval comes with responsibilities April 4, 2022 As Rishi Sunak is finding out, value can be volatile. Last year he was the odds-on favourite to replace Boris Johnson in Number Ten, popular with Tory party members and (for a Cabinet minister, at least) the public at large. Alas this year, though Sunak has done very little differently, his stock isn’t quite flying [...]
French election: Macron’s lead over Le Pen cut days before first vote April 4, 2022 Polling for the French Presidential race has drastically tightened with less than a week before the first round of voting. Emmanuel Macron’s large lead over far-right challenger Marine Le Pen has shrunk over the past month, with a recent IFOP poll showing the incumbent ahead 53-47 in a head-to-head run-off. Macron and Le Pen are [...]
Klarna boss says Brussels has produced some of ‘the worst regulation ever created’ April 4, 2022 The boss of buy-now pay-later (BNPL) giant Klarna says Brussels has held back fintech firms with prescriptive rules and produced some of the “worst regulation ever created”.
Fever pitch: Battle for Ted Baker intensifies as new owners set to face post-pandemic high street ‘challenges’ April 4, 2022 Fashion chain Ted Baker has seen its share price boom after kicking off a formal sale process, with a third US private equity proposal. Analysts said the proposal comes as valuations of British companies have fallen in the wake of the pandemic and Brexit. Ted Baker has received an improved proposal from Sycamore, in addition [...]
Brexit spurs rise in overseas talent sponsoring among City firms April 4, 2022 Brexit has spurred a rise in City firms sponsoring overseas recruits, with around 200 workers based outside of the UK being hired per week. It comes amid a labour shortage on British soil, which has seen City law firms battle it out for the highest pay. Visa sponsorships by UK-based financial services firms have been [...]
Bitcoin price steadies below $46k following weekend of landmarks April 4, 2022 After a slow weekend for the cryptocurrency markets, the price of Bitcoin looks to be settling just under the $46k mark.
Anger and indignation as Northern Ireland is branded the ‘begging bowl’ of the UK April 1, 2022 Northern Ireland is the “begging bowl corner” of the UK and should become fiscally responsible, politician Doug Beattie said this afternoon. In an address to business leaders, the UUP leader said Stormont parties have collectively failed to demonstrate their ability to manage the region’s finances. Beattie was addressing a pre-election event, hosted by the Northern [...]
A curious week of crypto narratives sees Bitcoin lose early gains April 1, 2022 Despite a strong week for the price of Bitcoin, various narratives across the globe have driven the crypto markets down slightly.
EU launches first ever WTO challenge against UK after Brexit Britain ‘failed to give satisfactory response’ April 1, 2022 The European Union confirmed it has launched the bloc’s first ever challenge against the UK at the World Trade Organization over Britain’s green subsidy program. The European Commission, the EU’s executive body that oversees the common trade policy for all member states, argues that criteria that were used by the British government in awarding subsidies [...]
Growth in UK manufacturing sector plummets to 13-month lows April 1, 2022 Growth in the UK’s manufacturing sector has plunged to its lowest levels in more than a year, due to the impacts of soaring inflation, supply shortages, and the war in Ukraine. The rate of expansion in the UK’s manufacturing sector has dropped to its lowest levels in 13 months, according to S&P Global’s Purchasing Managers [...]