Binance appoints world-renowned cybercrime expert to security team May 12, 2022 Cryptocurrency exchange Binance has recruited Jarek Jakubcek as its Head of Intelligence and Investigations for Asia-Pacific.
Coinbase attempts to ease user concerns over bankruptcy alarm May 12, 2022 Coinbase is attempting to ease customer nerves following claims users would lose all their money if the platform went bankrupt.
Heathrow hits back after Virgin Atlantic says airport ‘fleecing’ passengers with ‘disproportionate’ fees May 12, 2022 THE EXTRAORDINARY public spat between two of the world’s largest airlines and Heathrow airport moved into another stratosphere yesterday after Virgin Atlantic’s boss said Heathrow was “abusing its monopoly to fleece passengers.” Both Virgin and BA-owner IAG have hit out at Heathrow after the airport asked the Civil Aviation Authority (CAA) to allow it to [...]
House price inflation surge shows ‘little’ signs of slowing May 12, 2022 There is “little evidence” to show house price inflation will slow down as prices continue to be driven by historically low stock levels. Despite warnings of a recession on the horizon, current property activity continues to be buoyant, according to the latest RICS Residential Market Survey. Its April survey found that supply of homes on [...]
Give visa flexibilty on short-term work stays, City lobby group demands May 12, 2022 DELAYS to visa approvals are holding back the capital, Britain’s top financial services lobby group warned yesterday. TheCityUK said that short-term visas that allow overseas workers to undertake short-term projects in London were facing delays of as long as 12 weeks to receive approval. The body said that post-Brexit rules had made the system more [...]
Canadian investment giant close to HomeServe takeover May 11, 2022 Shares in emergency repair services firm Homeserve have surged after reports it was nearing a sale to Brookfield. HomeServe, listed on the FTSE-250 index, saw its share price up some 13 per cent on Wednesday afternoon after speculation of a takeover by the Canadian investment giant. Reports by Bloomberg on Wednesday morning suggested that the [...]
Goldman Sachs: World is entering new era of ‘bigger government’ and ‘higher taxes’ May 11, 2022 The world economy is entering an era of “bigger government” and “higher taxes,” according to a top Wall Street bank. The scaling back of red tape and stronger corporate profits that characterised the global business environment since the 1980s is set to reverse, Goldman Sachs has said. Supply-side reforms pushed through by former British prime [...]
Ten Lifestyle posts loss due to higher costs and Omicron May 11, 2022 Travel concierge firm Ten Lifestyle has posted a 47 per cent slump in its earnings as a result of higher costs and the Omicron variant’s impact. In the six months ended 28 February, the group’s EBITDA went down £1.7m to £0.9m, while its cash and equivalents slumped to £5.1m. According to chief executive Alex Cheatle, [...]
A slip into recession is a token of the Conservatives’ failure to govern our country May 11, 2022 The word recession has not been thought about for years, but after the Bank of England announced that we should expect it by the end of 2022, it has been placed at the front of people’s minds. Of course, external factors do play a massive role in this; the Russian invasion of Ukraine has disrupted [...]
Alexandra Armas interview: Ladies European Tour chief on Aramco Team Series, growing prize money and selling women’s golf May 10, 2022 Alexandra Armas, the former golfer now running the Ladies European Tour, concedes she feels mixed emotions as the season prepares to go up a notch in Thailand this week. There is satisfaction that this campaign will be the biggest and most lucrative yet in the tour’s history, with 34 events on a schedule that takes [...]