Container ships abandon the Red Sea as allies scramble for defense
On Tuesday, container shipowners abandoned one of the busiest trade routes in the world. Many of the largest cargo…
Author
admin 2384 posts 0 comments
British Museum signs sponsorship agreement with BP for £50mn
The British Museum signed a sponsorship deal worth £50mn with BP despite the vocal opposition of environmental…
Bond fund giant Pimco has warned of a ‘hard landing” for the UK…
One of the largest active bond fund managers in the world has warned that there is a high risk for a severe…
New EU law to police content online catches leading porn sites
After EU regulators determined that three of the largest pornography websites in the world fell under the scope of…
Octopus Energy raises $800m to create green jobs in the UK
Octopus Energy raised $800m from its shareholders, valuing the company at almost $8bn. This comes just weeks after…
London’s Transport Authority warns of a funding shortfall despite securing…
Transport for London warned Monday of a funding shortage after only receiving half the grant they had requested…
BP halts oil shipments across the Red Sea following rebel attacks
BP is the first major oil company to halt all shipments via the Red Sea. The company mentioned a worsening…
Bank of England is waiting for clarity on wage growth to reduce interest rates,…
According to a senior official, the Bank of England will have to wait until it is more certain that the UK labour…
High rates of bankruptcy and the end of Covid assistance hit businesses hard
As borrowing costs increase and governments remove pandemic-era support measures for businesses worth trillions,…
BlackRock sued by Tennessee for ESG strategies
BlackRock was sued on Monday by the US state Tennessee. The lawsuit accused the $9.1 trillion New York-based asset…
Nippon Steel to Buy US Steel for $14.9bn
Nippon Steel agreed to purchase US Steel for $14.9bn, its largest acquisition ever. The Japanese group is targeting…
Adobe and Figma abandon merger proposal of $20bn
Adobe abandoned its $20bn proposed acquisition of Figma's product design software, claiming that there was no…
As attacks on Red Sea shipping increase, the US has expanded its naval task force…
The Pentagon convinced over seven allies in the Red Sea to join a stronger naval task force due to more attacks on…
Apple stops US Watch sales before Christmas following patent loss
Apple will cease selling smartwatches in its own US stores by Christmas, after losing a case of patent…
The university financial ticking bomb
Vice chancellors nationwide have long warned of a growing financial crisis in universities.The dire warnings have…
Rolls-Royce is in talks with Ukraine to build mini-nukes
Rolls-Royce has begun talks with Ukraine’s largest private power company about building a series of mini-nuclear…
Lloyd’s of London will remain in the landmark building at least until 2035
Lloyd's of London and its landlord Ping An have agreed to remain at their One Lime St headquarters until 2035 at…
UK FCA rejects extension of post Brexit licensing regime
The UK's top regulator of financial services has ruled out extending its temporary post Brexit licensing regime…