Liz Truss sticks by chief of staff despite being questioned by FBI in Puerto Rico bribery probe September 20, 2022 Liz Truss has given her “full support” to her chief of staff Mark Fullbrook, after revelations that he was questioned by the FBI as a witness over an inquiry into alleged bribery in Puerto Rico. It was revealed on Sunday that Fullbrook, who ran Truss’ Tory leadership campaign, had been asked to answer questions relating [...]
Mike Ashley to relinquish director role on Frasers’ board September 20, 2022 Frasers Group founder Mike Ashley will relinquish his role as a director on the Sports Direct owner’s board. Ashley will not be standing for re-election as a director at the high street giant’s Annual General Meeting, Frasers announced on Tuesday. The former CEO, who handed the reins of his retail empire over to son-in-law Michael [...]
As politics resumes, a cold winter is closing in on Truss’ free market plans September 20, 2022 We face an autumn and winter of difficult political circumstances, it will take all the new prime minister’s deftness and agility to find a way through.
US dollar this year has become the only asset in town September 20, 2022 Investors have had an insatiable appetite for US dollars this year. According to the Wall Street Journal’s dollar index, which measures the greenback against a basket of some of the world’s top currencies, the dollar is its strongest for over a decade. One dollar will buy you the greatest amount of Japanese yen since the [...]
Countries must work together more to meet climate goals, warns IEA September 20, 2022 Global net zero carbon targets could be delayed by decades without more collaboration between countries, warned the IEA.
Liz Truss to jet off to New York for her first UN General Assembly September 19, 2022 Liz Truss will tonight fly to New York to attend her first United Nations General Assembly session as Prime Minister, just hours after attending the Queen’s committal service at Windsor Castle. Truss will hold a series of bilateral meetings with other world leaders at the diplomatic gathering, including with US President Joe Biden on Wednesday. [...]
Federal Reserve and Bank of England set to tighten policy once again this week September 19, 2022 The US Federal Reserve and the Bank of England this week are set to hike interest rates steeply again in a bid to chase down scorching inflation, investors are betting. The two central banks are expected to look through recession fears and continue their fight against historic price rises. Despite inflation dropping to 8.3 per [...]
Weekend exclusive: Challenger banks stifled by excessive regulation, warns OakNorth chief September 17, 2022 UK challenger banks are being bogged down by a need to jump through the same regulatory hoops as their larger high street rivals, the chief of digital lender OakNorth said today.
Exclusive: UK retailers should copy TfL or they miss out on advertising cash, argues City bigwig September 15, 2022 Are UK retailers missing a valuable opportunity to earn money from advertising? A City insider thinks most big brands do, as he urges the High Street’s biggest names to look at TfL and copy their model by rolling out a retail media network. So-called retail media networks are one of the hottest emerging trends in [...]
Mike Leigh: ‘The Queen dying is emotional but King Charles? That’s another matter’ September 15, 2022 For a man seven-times Oscar nominated for films about so-called ‘ordinary’ people, Mike Leigh certainly plays the part. We meet outside the newly opened Garden Cinema, but there’s no blacked-out car to deliver perhaps Britain’s most famous living director. Instead, Leigh appears from around a street corner, alone, clasping a folded chair under arm. If [...]