CITY AM – Web3 – Building a fair, open, and inclusive digital world June 20, 2023 Marieke Flament, CEO, NEAR Foundation Whenever I think about the development of new technologies, I always come back to a foundational question: are we creating technology that is in the service of humanity, or are we putting humanity further in the service of technology, and the large corporations and financial institutions that control it? The [...]
Qatar set to strike second big LNG supply deal with China June 20, 2023 Qatar is set to secure its second large gas supply deal with a Chinese state-controlled company in less than a year.
Lookers: UK car dealership firm agrees to £465.4m buyout by Canada’s Alpha Auto June 20, 2023 British car dealership giant Lookers has agreed to be bought out by Canada’s Alpha Auto Group (AAG) after it launched a £465.4m acquisition, continuing a string of corporate deals in the sector. Global Auto Holdings Limited – the bidding vehicle for the takeover – announced the acquisition this morning, with the bid worth 120p per [...]
Fighting for low tax rates is so 2010, now the game is in offering the best incentives June 20, 2023 Gone are the days when countries jostled for the lowest tax rate to attract investment, now companies are looking for the best packages of incentives, and governments are delivering, writes Tim Sarson
Pinewood-owner Aermont to enter £4bn race for Center Parcs June 19, 2023 Specialist real estate investor Aermont is likely to join the £4bn race for holiday resort chain Center Parcs, as reported by Sky News. Aermont, which operates in Europe, would join confirmed bidders KSL Capital Partners operating with Singapore’s Government Investment Corporation, and buyout giant CVC Capital Partners. Former Center Parcs owner Blackstone and infrastructure fund Antin are [...]
BAT shakes up top team as it ploughs ahead with growth through cigarette alternatives June 19, 2023 Lucky Strike maker British American Tobacco (BAT) has shaken up top level management with a string o senior appointments – including a new chief operating officer. The rejuvenation of its top team follows the departure of the group’s ex chief executive Jack Bowels who was replaced by Tadu Marroco. Marroco, the firm’s former finance director [...]
Pirelli chief cannot be chosen by Chinese largest investor, Italy government rules June 19, 2023 Italy’s government has ruled that China’s Sinochem cannot designate the chief executive of Pirelli despite being its main shareholder with a 37 per cent stake, the Italian tyre maker said on Sunday. The decision is part of the measures announced this week by Rome’s right-wing administration to shield the autonomy of Pirelli and its management. [...]
The Notebook: Jeffrey Bronheim on what the UK could learn from the US’s attitude to ‘revolving doors’ June 19, 2023 Today, Jeffrey Bronheim, managing partner of law firm Cohen & Gresser‘s London office, takes the notebook pen. As an American who has built up a legal practice in London, I have seen differing views on what is dubbed the ‘revolving door’ between business and government on either side of the Atlantic. In the UK, politicians [...]
There’s no time for us to dither on creating sensible rules for artificial intelligence tech June 19, 2023 From artificial intelligence to fintech, we must go further. Competition is fierce, so we need flexible but strong rules to ensure innovative companies can prosper in the UK in both fields, writes Nicholas Lyons
Scrapping ban on two-for-one junk food deals would be ‘unforgivable’ despite cost of living crisis June 17, 2023 Scrapping a planned anti-obesity policy banning two-for-one junk food deals would be “unforgivable”, health campaigners have warned, after the Government delayed the measure beyond the next election. TV doctor Chris van Tulleken branded suggestions the “light-touch” regulation would restrict consumer choice “ludicrous” following No 10’s announcement it had been shelved amid concerns about the cost-of-living [...]