Musk’s Twitter u-turn is the beginning rather than the end October 5, 2022 When news broke that Elon Musk would be moving ahead with his original $44bn takeover of Twitter, it felt like the beginning of a saga rather than the end of it. While the Tesla chief told his 107m followers that the purchase would be an “accelerant” towards his vision of an “everything app”, Musk’s lawyers [...]
Outrageous raging inflation, and the distortion of CPI October 5, 2022 This week, Dr Chris Kacher pours scorn on CPI while speculating on what might happen if quantitive easing is introduced again.
Dispatch from Birmingham: Truss’ MPs go into hiding as the tide turns once again October 5, 2022 As Conservative politicians, members, policy wonks and journalists decamped to Birmingham, there was a rumour one unnamed Tory MP had arrived early to take pictures around the city, which they could then post on social media while spending Tory conference from the comfort of their hotel room. Elsewhere, one journalist complained of being unable to [...]
‘Buying Bitcoin for $1 then selling for $75 was a beautiful sensation October 4, 2022 Alessandro De Grandi, CEO and founder of The Nemesis, talks about Web3, the metaverse, virtual reality and NFTs.
Explainer: Bank of England hasn’t lost £65bn of UK’s money October 4, 2022 Let’s get one thing straight: the Bank of England is not going to lose £65bn on buying government debt. There’ve been a few social media posts (and a few newspaper headlines) whipping up this point. It’s untrue. Last week, the Bank said it will buy up to £65bn worth of long-dated government debt until 14 [...]
Worcester Warriors: Departures confirmed as club crisis continues October 3, 2022 The crisis gripping Worcester Warriors has begun to bite after the top-flight rugby club had two fixtures cancelled by Premiership Rugby and saw the beginning of a possible player exodus. On Monday morning the financially stricken club were informed that their previously postponed match against Gloucester Rugby and their upcoming game against Harlequins have both [...]
Michael Doughty: Hylo Athletics founder on quitting football and ‘Patagonising Nike’ October 3, 2022 Former Premier League footballer Michael Doughty tells Frank Dalleres why he walked away from the game to set up sustainable sportswear brand Hylo Athletics. The longer that Michael Doughty’s playing career went on, the harder he found it to ignore the effects of climate change. “I saw way more games called off, way more training [...]
UK at risk of gas supply shortages this year, warns Ofgem October 3, 2022 The UK is at risk of gas shortages this winter following Russia's invasion of Ukraine and continued disruption to energy supplies, warned Ofgem.
Credit Suisse shares tumble as investor concerns grow October 3, 2022 Shares in Credit Suisse have tumbled beyond seven per per cent today as a charm offensive by bosses over the weekend failed to reassure investors over the bank’s financial stability.
‘No one asked for this’: Dorries slams delays on Channel 4 sale, BBC licence fee and online safety bill October 3, 2022 Former Culture Secretary Nadine Dorries has slammed Liz Truss’ government for its inactivity surrounding the sale of Channel 4, the BBC licence fee review and online safety bill. Taking to Twitter, Dorries, who formerly backed Truss in the leadership race, wrote: “Widespread dismay at the fact that 3 years of work has effectively been put [...]