Sunday Spotlight: Airbus is winning the battle for the skies from beleaguered Boeing April 10, 2022 The recent challenges around safety concerns and the impact of the coronavirus pandemic have resulted in American aircraft manufacturer Boeing losing ground to Airbus. Although both companies control a significant market share, Toulouse-based Airbus has extended its dominance over the last five years. According to data compiled and calculated by Finbold, shared with City A.M. this [...]
Fighting back: Rishi Sunak dismisses wife’s non-dom tax controversy as ‘unpleasant Labour smears’ April 8, 2022 Chancellor Rishi Sunak has come out fighting for his wife Akshata Murthy, who is facing claims of avoiding tax due to her Indian citizenship and non-dom status. The Tory heavyweight insisted that his wife, who owns a 0.9 per cent stake in her billionaire father’s firm Infosys, is “100 per cent doing everything this country [...]
UK slaps asset freezes and travel bans on the daughters of Putin and Lavrov to finish off their ‘lavish lifestyles’ April 8, 2022 The UK is sanctioning Vladimir Putin’s daughters Katerina Vladimirovna Tikhonova and Maria Vladimirovna Vorontsova under measures to target the “lavish lifestyles” of the Russian President’s inner circle, the Foreign Office has said. The Foreign Office was also targeting the daughters of Russian foreign minister Sergei Lavrov with travel bans and asset freezes. A statement said: [...]
As travellers are plunged into airport chaos, we must finally lighten the load of their baggage April 7, 2022 Finally, travel bosses thought they were in the clear. The pandemic restrictions had receded, customers were returning to the skies, and airports were full again. Only now they are too full and sickness among airport staff has created chaos at airports as families, desperate to go away for the school holidays, try to make their [...]
Privatisation pushback: New documents reveal Channel 4’s final fight against sale April 7, 2022 New documents have revealed that Channel 4 attempted to fend off the government's privatisation push with an alternative hybrid model earlier this year.
Axie Infinity makers raise $150m to repay victims of massive crypto hack April 7, 2022 Sky Mavis, the company behind the popular Axie Infinity game, has raised $150m (£113m) from to repay the victims of a massive hack.
Energy strategy a ‘three, four, five year’ answer to crisis admits Business Secretary Kwasi Kwarteng April 7, 2022 Kwasi Kwarteng described the energy strategy as a medium-term response which will not affect the current cost-of-living crisis.
Energy strategy will not resolve cost of living crisis April 7, 2022 A new dawn for the UK’s energy sector will be unveiled today, when the Prime Minister finally announces the country’s energy strategy.
Former Phoenix boss Clive Bannister tipped as next competition watchdog chair April 6, 2022 The former boss of insurance group Phoenix has been tipped as one of the top choices for the chairman of Britain’s competition watchdog position. As reported by Mark Kleinman for Sky News, Clive Bannister, current chair of financial advisory group Rathbones and the Museum of London, may be in line to replace Jonathan Scott, who [...]
ITV ready to launch Channel 4 takeover bid April 6, 2022 ITV is set to launch a takeover bid for Channel 4 following the government’s announcement that the broadcaster is set to go up for sale. As reported by the Telegraph, ITV told ministers that it is interested in making a bid for its rival and it is understood that it has taken advice from bankers [...]