BNPL firm Zilch bags $50m as boss predicts looming crisis for ‘checkout button’ rivals June 30, 2022 The boss of buy-now pay-later firm Zilch criticised the business model of ‘checkout button’ rivals today and said they would be rocked by an economic slowdown this year, as the London fintech revealed a $50m funding injection to fuel its expansion.
UK extends China steel tariffs for another two years June 29, 2022 The UK has moved to extend steel tariffs on China and other countries for a further two years in a move that could set up a row with the World Trade Organisation (WTO). The decision was made after the government decided that the trade barriers were needed to protect the UK steel industry from cheaper [...]
Motorists have ‘right to know’ why fuel costs surge, says the RAC June 29, 2022 Motorists have “a right to know” why fuel prices at UK forecourts continue to rise despite a slump in wholesale costs. Leading motoring group the RAC has accused fuel retailers of “inexplicably” rising costs after petrol yesterday reached a new record high of 191.2p while diesel stationed at 199p per litre – 0.1p less compared [...]
DeFi-ing the rules: five opportunities and five risks of decentralised finance June 29, 2022 In the Star Wars universe, the Force is a mystic energy field generated by living beings that binds the galaxy together. The ability to wield the Force gives Jedi Knights their superhuman abilities, making them peacekeepers of the galaxy. But how powerful would the Jedi be if every ‘transaction’ that used the Force had to [...]
Incoming CMA chair warns job cuts could make it harder to take on cases that protect consumers from high prices June 28, 2022 The competition watchdog’s ability to get the best deal for British consumers could be endangered by job cuts, the government’s chosen candidate for chair of the body has warned. The government intends to slash 91,000 civil service jobs over the next three years, in an endeavour to bring headcount back to 2016 levels. Ministers’ preferred [...]
‘Pump fiction’: AA lambasts petrol retailers for failing to bring down forecourt prices June 28, 2022 The AA has deemed fuel prices "pump fiction" as costs at forecourts continue to rise despite a slump in wholesale.
Heathrow ordered to lower passenger charges to less than £27 after bitter dispute with airlines June 28, 2022 The aviation watchdog ordered Heathrow Airport this morning to reduce its passenger charges amid a surge in demand for flights. The Civil Aviation Authority (CAA) said the cap on the west London airport’s average charge per passenger will fall from £30.19 today to £26.31 in 2026. Adjusted for inflation, the fare will amount to £28.39 [...]
Here we go again: EU regulator investigates Google for Jobs antitrust complaint from Danish rival Jobindex June 27, 2022 Another day, another European crack down on Big Tech, after the Danish online job-search site Jobindex told regulators that Google unfairly favoured its own service, Google for Jobs.
Petrol prices spike to record highs despite falling wholesale costs for retailers June 27, 2022 Petrol prices broke records again this weekend, despite falling wholesale costs and a slump across the two major oil benchmarks.
CMA targets fashion industry over ‘greenwashing’ concerns June 27, 2022 The CMA is going after fashion brands responsible for “greenwashing” with a plan to “name and shame” the worst offenders. The fashion sector made up about a quarter of complaints received by the Competition and Markets Authority over false or misleading environmental claims, called greenwashing, according to research by law firm RPC. The CMA is, [...]